KLAC vs. FBTC
KLAC (KLA Corporation) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, KLAC returned 124.39% vs -44.68% for FBTC. At a 0.27 correlation, their price movements are largely independent.
Performance
KLAC vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, KLAC achieves a 71.29% return, which is significantly higher than FBTC's -25.63% return.
KLAC
- 1D
- -2.42%
- 1M
- -20.02%
- 6M
- 32.75%
- YTD
- 71.29%
- 1Y
- 124.39%
- 3Y*
- 66.84%
- 5Y*
- 47.12%
- 10Y*
- 41.50%
- ALL TIME*
- 22.94%
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
KLAC vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KLAC KLA Corporation | 71.29% | 94.48% | 14.32% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
Correlation
The correlation between KLAC and FBTC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.27 |
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Return for Risk
KLAC vs. FBTC — Risk / Return Rank
KLAC
FBTC
KLAC vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KLA Corporation (KLAC) 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.
| KLAC | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.18 | ||
| Sortino ratioReturn per unit of downside risk | +4.00 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.83 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 4.01 | -0.84 | +4.85 |
| Martin ratioReturn relative to average drawdown | 13.67 | -1.34 | +15.01 |
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Drawdowns
KLAC vs. FBTC - Drawdown Comparison
The maximum KLAC drawdown since its inception was -83.74%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for KLAC and FBTC.
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Drawdown Indicators
| KLAC | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.74% | -53.35% | -30.39% |
Max Drawdown (1Y)Largest decline over 1 year | -31.19% | -53.35% | +22.16% |
Max Drawdown (3Y)Largest decline over 3 years | -34.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.28% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.28% | — | — |
Current DrawdownCurrent decline from peak | -31.19% | -48.20% | +17.01% |
Average DrawdownAverage peak-to-trough decline | -29.28% | -17.73% | -11.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 33.39% | -24.25% |
Volatility
KLAC vs. FBTC - Volatility Comparison
KLA Corporation (KLAC) has a higher volatility of 30.24% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 10.58%. This indicates that KLAC'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
| KLAC | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.24% | 10.58% | +19.66% |
Volatility (6M)Calculated over the trailing 6-month period | 49.98% | 34.53% | +15.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.81% | 44.30% | +13.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.80% | 49.71% | -3.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.94% | 49.71% | -6.77% |
Dividends
KLAC vs. FBTC - Dividend Comparison
KLAC's dividend yield for the trailing twelve months is around 0.39%, 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% |
KLAC KLA Corporation | 0.39% | 0.61% | 0.96% | 0.92% | 1.25% | 0.91% | 1.35% | 1.74% | 3.17% | 2.15% | 2.67% | 2.94% |
Frequently Asked Questions
KLAC and FBTC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KLAC has higher volatility (30.24%) compared to FBTC (10.58%). In terms of maximum drawdown, KLAC dropped -83.74% vs FBTC's -53.35%.
KLAC currently has the higher Sharpe Ratio (2.17 vs -1.01), 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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