IBIT vs. FSPCX
IBIT (iShares Bitcoin Trust ETF) and FSPCX (Fidelity Select Insurance Portfolio) are both funds - IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant, while FSPCX is a Financials Equities fund managed by Fidelity. Over the past year, IBIT returned -39.67% vs -0.58% for FSPCX. At a 0.08 correlation, their price movements are largely independent. IBIT charges 0.25%/yr vs 0.78%/yr for FSPCX.
Performance
IBIT vs. FSPCX - 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 FSPCX's -0.79% return.
IBIT
- 1D
- -0.03%
- 1M
- -19.59%
- YTD
- -27.41%
- 6M
- -29.61%
- 1Y
- -39.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FSPCX
- 1D
- 0.03%
- 1M
- 2.47%
- YTD
- -0.79%
- 6M
- -0.60%
- 1Y
- -0.58%
- 3Y*
- 14.50%
- 5Y*
- 11.71%
- 10Y*
- 12.26%
IBIT vs. FSPCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -27.41% | -6.41% | 89.87% |
FSPCX Fidelity Select Insurance Portfolio | -0.79% | 3.45% | 26.17% |
Correlation
The correlation between IBIT and FSPCX is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.08 |
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Return for Risk
IBIT vs. FSPCX — Risk / Return Rank
IBIT
FSPCX
IBIT vs. FSPCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and Fidelity Select Insurance Portfolio (FSPCX). 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 | FSPCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.01 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.01 | -0.77 |
| Martin ratioReturn relative to average drawdown | -1.37 | -0.03 | -1.35 |
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Drawdowns
IBIT vs. FSPCX - Drawdown Comparison
The maximum IBIT drawdown since its inception was -52.11%, smaller than the maximum FSPCX drawdown of -69.48%. Use the drawdown chart below to compare losses from any high point for IBIT and FSPCX.
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Drawdown Indicators
| IBIT | FSPCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.11% | -69.48% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -52.11% | -9.98% | -42.13% |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.65% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.68% | — |
Current DrawdownCurrent decline from peak | -49.45% | -5.50% | -43.95% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -9.70% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.64% | 4.98% | +24.66% |
Volatility
IBIT vs. FSPCX - Volatility Comparison
iShares Bitcoin Trust ETF (IBIT) has a higher volatility of 12.07% compared to Fidelity Select Insurance Portfolio (FSPCX) at 5.74%. This indicates that IBIT's price experiences larger fluctuations and is considered to be riskier than FSPCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBIT | FSPCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.07% | 5.74% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 34.45% | 11.31% | +23.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.10% | 15.53% | +28.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.26% | 17.59% | +32.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.26% | 20.12% | +30.14% |
IBIT vs. FSPCX - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is lower than FSPCX's 0.78% expense ratio.
Dividends
IBIT vs. FSPCX - Dividend Comparison
IBIT has not paid dividends to shareholders, while FSPCX's dividend yield for the trailing twelve months is around 4.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FSPCX Fidelity Select Insurance Portfolio | 4.74% | 3.35% | 8.72% | 8.48% | 0.74% | 8.40% | 8.80% | 6.90% | 32.69% | 12.52% | 2.81% | 3.11% |
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 FSPCX have a correlation of -0.01, 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 FSPCX (5.74%). In terms of maximum drawdown, IBIT dropped -52.11% vs FSPCX's -69.48%.
FSPCX currently has the higher Sharpe Ratio (-0.01 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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