IBM vs. FBTC
IBM (International Business Machines Corporation) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, IBM returned -0.65% vs -40.63% for FBTC. At a 0.13 correlation, their price movements are largely independent.
Performance
IBM vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, IBM achieves a -6.89% return, which is significantly higher than FBTC's -27.39% return.
IBM
- 1D
- -0.95%
- 1M
- 26.84%
- YTD
- -6.89%
- 6M
- -10.81%
- 1Y
- -0.65%
- 3Y*
- 29.65%
- 5Y*
- 18.01%
- 10Y*
- 11.09%
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBM vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBM International Business Machines Corporation | -6.89% | 38.23% | 41.27% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between IBM and FBTC is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.13 |
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Return for Risk
IBM vs. FBTC — Risk / Return Rank
IBM
FBTC
IBM vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for International Business Machines Corporation (IBM) 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.
| IBM | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.85 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.78 | +0.76 |
| Martin ratioReturn relative to average drawdown | -0.05 | -1.37 | +1.33 |
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Drawdowns
IBM vs. FBTC - Drawdown Comparison
The maximum IBM drawdown since its inception was -69.40%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for IBM and FBTC.
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Drawdown Indicators
| IBM | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.40% | -52.07% | -17.33% |
Max Drawdown (1Y)Largest decline over 1 year | -30.96% | -52.07% | +21.11% |
Max Drawdown (3Y)Largest decline over 3 years | -30.96% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.96% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.59% | — | — |
Current DrawdownCurrent decline from peak | -17.31% | -49.42% | +32.11% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -16.46% | -3.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.38% | 29.61% | -15.23% |
Volatility
IBM vs. FBTC - Volatility Comparison
International Business Machines Corporation (IBM) has a higher volatility of 21.43% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.97%. This indicates that IBM's price experiences larger fluctuations and is considered to be riskier 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
| IBM | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.43% | 11.97% | +9.46% |
Volatility (6M)Calculated over the trailing 6-month period | 34.62% | 34.39% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.45% | 43.98% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 50.13% | -22.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.59% | 50.13% | -23.54% |
Dividends
IBM vs. FBTC - Dividend Comparison
IBM's dividend yield for the trailing twelve months is around 2.47%, 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% |
IBM International Business Machines Corporation | 2.47% | 2.27% | 3.03% | 4.05% | 4.68% | 4.74% | 5.17% | 4.80% | 5.46% | 3.85% | 3.31% | 3.63% |
Frequently Asked Questions
IBM and FBTC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBM has higher volatility (21.43%) compared to FBTC (11.97%). In terms of maximum drawdown, IBM dropped -69.40% vs FBTC's -52.07%.
IBM currently has the higher Sharpe Ratio (-0.02 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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