PortfoliosLab logo
IBIT vs. FBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between IBIT and FBTC is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

IBIT vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC). The values are adjusted to include any dividend payments, if applicable.

40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
103.79%
103.77%
IBIT
FBTC

Key characteristics

Sharpe Ratio

IBIT:

0.79

FBTC:

0.79

Sortino Ratio

IBIT:

1.43

FBTC:

1.42

Omega Ratio

IBIT:

1.17

FBTC:

1.17

Calmar Ratio

IBIT:

1.53

FBTC:

1.53

Martin Ratio

IBIT:

3.37

FBTC:

3.37

Ulcer Index

IBIT:

12.82%

FBTC:

12.79%

Daily Std Dev

IBIT:

54.50%

FBTC:

54.50%

Max Drawdown

IBIT:

-28.22%

FBTC:

-28.21%

Current Drawdown

IBIT:

-10.64%

FBTC:

-10.75%

Returns By Period

In the year-to-date period, IBIT achieves a 2.30% return, which is significantly higher than FBTC's 2.11% return.


IBIT

YTD

2.30%

1M

10.35%

6M

42.78%

1Y

47.23%

5Y*

N/A

10Y*

N/A

FBTC

YTD

2.11%

1M

10.24%

6M

42.66%

1Y

47.15%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


IBIT vs. FBTC - Expense Ratio Comparison

Both IBIT and FBTC have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.


Expense ratio chart for IBIT: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IBIT: 0.25%
Expense ratio chart for FBTC: current value is 0.25%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FBTC: 0.25%

Risk-Adjusted Performance

IBIT vs. FBTC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IBIT
The Risk-Adjusted Performance Rank of IBIT is 7878
Overall Rank
The Sharpe Ratio Rank of IBIT is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of IBIT is 7979
Sortino Ratio Rank
The Omega Ratio Rank of IBIT is 7272
Omega Ratio Rank
The Calmar Ratio Rank of IBIT is 9090
Calmar Ratio Rank
The Martin Ratio Rank of IBIT is 7676
Martin Ratio Rank

FBTC
The Risk-Adjusted Performance Rank of FBTC is 7878
Overall Rank
The Sharpe Ratio Rank of FBTC is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of FBTC is 7979
Sortino Ratio Rank
The Omega Ratio Rank of FBTC is 7272
Omega Ratio Rank
The Calmar Ratio Rank of FBTC is 9090
Calmar Ratio Rank
The Martin Ratio Rank of FBTC is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

IBIT vs. FBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Trust (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.


The chart of Sharpe ratio for IBIT, currently valued at 0.79, compared to the broader market-1.000.001.002.003.004.00
IBIT: 0.79
FBTC: 0.79
The chart of Sortino ratio for IBIT, currently valued at 1.43, compared to the broader market-2.000.002.004.006.008.00
IBIT: 1.43
FBTC: 1.42
The chart of Omega ratio for IBIT, currently valued at 1.17, compared to the broader market0.501.001.502.002.50
IBIT: 1.17
FBTC: 1.17
The chart of Calmar ratio for IBIT, currently valued at 1.53, compared to the broader market0.002.004.006.008.0010.0012.00
IBIT: 1.53
FBTC: 1.53
The chart of Martin ratio for IBIT, currently valued at 3.37, compared to the broader market0.0020.0040.0060.00
IBIT: 3.37
FBTC: 3.37

The current IBIT Sharpe Ratio is 0.79, which is comparable to the FBTC Sharpe Ratio of 0.79. The chart below compares the historical Sharpe Ratios of IBIT and FBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
0.79
0.79
IBIT
FBTC

Dividends

IBIT vs. FBTC - Dividend Comparison

Neither IBIT nor FBTC has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

IBIT vs. FBTC - Drawdown Comparison

The maximum IBIT drawdown since its inception was -28.22%, roughly equal to the maximum FBTC drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for IBIT and FBTC. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.64%
-10.75%
IBIT
FBTC

Volatility

IBIT vs. FBTC - Volatility Comparison

iShares Bitcoin Trust (IBIT) and Fidelity Wise Origin Bitcoin Trust (FBTC) have volatilities of 16.61% and 16.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.61%
16.49%
IBIT
FBTC