IBIT vs. FGRTX
IBIT (iShares Bitcoin Trust ETF) and FGRTX (Fidelity Mega Cap Stock Fund) are both funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while FGRTX is a Large Cap Blend Equities fund actively managed by Fidelity. IBIT is passively managed, while FGRTX is actively managed. Over the past year, IBIT returned -40.63% vs 26.75% for FGRTX. At a 0.40 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.58%/yr for FGRTX.
Performance
IBIT vs. FGRTX - Performance Comparison
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Returns By Period
In the year-to-date period, IBIT achieves a -27.41% return, which is significantly lower than FGRTX's 8.35% return.
IBIT
- 1D
- -0.03%
- 1M
- -20.12%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FGRTX
- 1D
- 1.62%
- 1M
- -1.08%
- YTD
- 8.35%
- 6M
- 9.78%
- 1Y
- 26.75%
- 3Y*
- 24.44%
- 5Y*
- 15.83%
- 10Y*
- 16.46%
IBIT vs. FGRTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
FGRTX Fidelity Mega Cap Stock Fund | 8.35% | 26.92% | 25.74% |
Correlation
The correlation between IBIT and FGRTX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.40 |
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Return for Risk
IBIT vs. FGRTX — Risk / Return Rank
IBIT
FGRTX
IBIT vs. FGRTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Fidelity Mega Cap Stock Fund (FGRTX). 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.
| IBIT | FGRTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -4.28 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.39 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.00 | -3.78 |
| Martin ratioReturn relative to average drawdown | -1.37 | 13.36 | -14.73 |
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Drawdowns
IBIT vs. FGRTX - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum FGRTX drawdown of -56.17%. Use the drawdown chart below to compare losses from any high point for IBIT and FGRTX.
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Drawdown Indicators
| IBIT | FGRTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -56.17% | +4.06% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -8.99% | -43.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.51% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.18% | — |
Current DrawdownCurrent decline from peak | -49.45% | -2.25% | -47.20% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -8.71% | -7.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 2.01% | +27.63% |
Volatility
IBIT vs. FGRTX - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Fidelity Mega Cap Stock Fund (FGRTX) at 4.04%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than FGRTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | FGRTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 4.04% | +8.03% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 9.65% | +24.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 12.42% | +31.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 16.77% | +33.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 18.14% | +32.12% |
IBIT vs. FGRTX - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than FGRTX's 0.58% expense ratio.
Dividends
IBIT vs. FGRTX - Dividend Comparison
IBIT has not paid dividends to shareholders, while FGRTX's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FGRTX Fidelity Mega Cap Stock Fund | 3.59% | 3.89% | 2.68% | 2.06% | 4.38% | 4.79% | 7.96% | 12.98% | 21.72% | 15.57% | 1.97% | 4.16% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBIT and FGRTX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (12.07%) compared to FGRTX (4.04%). In terms of maximum drawdown, IBIT dropped -52.11% vs FGRTX's -56.17%.
FGRTX currently has the higher Sharpe Ratio (2.17 vs -0.92), 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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