GWW vs. FBTC
GWW (W.W. Grainger, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, GWW returned 22.72% vs -40.63% for FBTC. At a 0.15 correlation, their price movements are largely independent.
Performance
GWW vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, GWW achieves a 30.92% return, which is significantly higher than FBTC's -27.39% return.
GWW
- 1D
- 0.15%
- 1M
- 5.03%
- YTD
- 30.92%
- 6M
- 29.19%
- 1Y
- 22.72%
- 3Y*
- 22.36%
- 5Y*
- 24.71%
- 10Y*
- 21.41%
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GWW vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GWW W.W. Grainger, Inc. | 30.92% | -3.41% | 27.88% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between GWW and FBTC is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.15 |
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Return for Risk
GWW vs. FBTC — Risk / Return Rank
GWW
FBTC
GWW vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for W.W. Grainger, Inc. (GWW) and Fidelity Wise Origin Bitcoin Fund (FBTC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GWW | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.85 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.64 | -0.78 | +2.42 |
| Martin ratioReturn relative to average drawdown | 3.20 | -1.37 | +4.58 |
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Drawdowns
GWW vs. FBTC - Drawdown Comparison
The maximum GWW drawdown since its inception was -56.73%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for GWW and FBTC.
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Drawdown Indicators
| GWW | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.73% | -52.07% | -4.66% |
Max Drawdown (1Y)Largest decline over 1 year | -13.92% | -52.07% | +38.15% |
Max Drawdown (3Y)Largest decline over 3 years | -24.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.60% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -49.42% | +48.37% |
Average DrawdownAverage peak-to-trough decline | -11.01% | -16.46% | +5.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.61% | 29.61% | -22.00% |
Volatility
GWW vs. FBTC - Volatility Comparison
The current volatility for W.W. Grainger, Inc. (GWW) is 4.85%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.97%. This indicates that GWW experiences smaller price fluctuations and is considered to be less risky than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWW | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.85% | 11.97% | -7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 17.85% | 34.39% | -16.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.78% | 43.98% | -19.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.68% | 50.13% | -25.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.52% | 50.13% | -21.61% |
Dividends
GWW vs. FBTC - Dividend Comparison
GWW's dividend yield for the trailing twelve months is around 0.70%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GWW W.W. Grainger, Inc. | 0.70% | 0.88% | 0.76% | 0.88% | 1.22% | 1.23% | 1.45% | 1.68% | 1.90% | 2.14% | 2.08% | 2.27% |
Frequently Asked Questions
GWW and FBTC have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to GWW (4.85%). In terms of maximum drawdown, GWW dropped -56.73% vs FBTC's -52.07%.
GWW currently has the higher Sharpe Ratio (0.92 vs -0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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