JWEL.TO vs. FBTC
Compare and contrast key facts about Jamieson Wellness Inc. (JWEL.TO) and Fidelity Wise Origin Bitcoin Trust (FBTC).
FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JWEL.TO or FBTC.
Correlation
The correlation between JWEL.TO and FBTC is 0.14, 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.
Performance
JWEL.TO vs. FBTC - Performance Comparison
Key characteristics
JWEL.TO:
0.38
FBTC:
1.72
JWEL.TO:
0.67
FBTC:
2.38
JWEL.TO:
1.09
FBTC:
1.28
JWEL.TO:
0.27
FBTC:
3.52
JWEL.TO:
0.95
FBTC:
7.98
JWEL.TO:
10.32%
FBTC:
12.08%
JWEL.TO:
26.01%
FBTC:
56.11%
JWEL.TO:
-45.81%
FBTC:
-27.42%
JWEL.TO:
-19.15%
FBTC:
-8.90%
Returns By Period
In the year-to-date period, JWEL.TO achieves a -12.83% return, which is significantly lower than FBTC's 4.22% return.
JWEL.TO
-12.83%
-7.62%
4.38%
9.37%
5.81%
N/A
FBTC
4.22%
-7.24%
64.77%
87.15%
N/A
N/A
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Risk-Adjusted Performance
JWEL.TO vs. FBTC — Risk-Adjusted Performance Rank
JWEL.TO
FBTC
JWEL.TO vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Jamieson Wellness Inc. (JWEL.TO) 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.
Dividends
JWEL.TO vs. FBTC - Dividend Comparison
JWEL.TO's dividend yield for the trailing twelve months is around 2.50%, while FBTC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
JWEL.TO Jamieson Wellness Inc. | 2.50% | 2.18% | 2.27% | 1.82% | 1.37% | 1.30% | 1.48% | 1.59% | 0.72% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
JWEL.TO vs. FBTC - Drawdown Comparison
The maximum JWEL.TO drawdown since its inception was -45.81%, which is greater than FBTC's maximum drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for JWEL.TO and FBTC. For additional features, visit the drawdowns tool.
Volatility
JWEL.TO vs. FBTC - Volatility Comparison
Jamieson Wellness Inc. (JWEL.TO) has a higher volatility of 10.39% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 9.40%. This indicates that JWEL.TO'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.