IRON vs. FBTC
IRON (Disc Medicine Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, IRON returned 48.42% vs -38.65% for FBTC. At a 0.14 correlation, their price movements are largely independent.
Performance
IRON vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, IRON achieves a -11.41% return, which is significantly higher than FBTC's -25.34% return.
IRON
- 1D
- 3.46%
- 1M
- 4.01%
- YTD
- -11.41%
- 6M
- -23.85%
- 1Y
- 48.42%
- 3Y*
- 20.04%
- 5Y*
- -11.03%
- 10Y*
- —
FBTC
- 1D
- -2.65%
- 1M
- -18.37%
- YTD
- -25.34%
- 6M
- -29.78%
- 1Y
- -38.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IRON vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IRON Disc Medicine Inc. | -11.41% | 25.25% | 2.26% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.34% | -6.56% | 99.56% |
Correlation
The correlation between IRON and FBTC is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.14 |
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Return for Risk
IRON vs. FBTC — Risk / Return Rank
IRON
FBTC
IRON vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Disc Medicine Inc. (IRON) 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.
| IRON | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.86 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | -0.79 | +1.99 |
| Martin ratioReturn relative to average drawdown | 2.67 | -1.36 | +4.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IRON | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | -0.89 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.30 | -0.39 |
Drawdowns
IRON vs. FBTC - Drawdown Comparison
The maximum IRON drawdown since its inception was -93.22%, which is greater than FBTC's maximum drawdown of -49.33%. Use the drawdown chart below to compare losses from any high point for IRON and FBTC.
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Drawdown Indicators
| IRON | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.22% | -49.33% | -43.89% |
Max Drawdown (1Y)Largest decline over 1 year | -40.55% | -49.33% | +8.78% |
Max Drawdown (3Y)Largest decline over 3 years | -64.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -90.33% | — | — |
Current DrawdownCurrent decline from peak | -60.92% | -48.00% | -12.92% |
Average DrawdownAverage peak-to-trough decline | -66.48% | -16.01% | -50.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.16% | 28.41% | -10.25% |
Volatility
IRON vs. FBTC - Volatility Comparison
Disc Medicine Inc. (IRON) has a higher volatility of 12.10% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 9.39%. This indicates that IRON'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
| IRON | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.10% | 9.39% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 43.69% | 34.38% | +9.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.54% | 43.61% | +9.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.02% | 50.13% | +20.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.59% | 50.13% | +19.46% |
Dividends
IRON vs. FBTC - Dividend Comparison
Neither IRON nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
IRON and FBTC have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRON has higher volatility (12.10%) compared to FBTC (9.39%). In terms of maximum drawdown, IRON dropped -93.22% vs FBTC's -49.33%.
IRON currently has the higher Sharpe Ratio (0.91 vs -0.89), 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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