LINE vs. FBTC
LINE (Lineage, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, LINE returned 10.55% vs -44.68% for FBTC. At a 0.18 correlation, their price movements are largely independent.
Performance
LINE vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, LINE achieves a 27.09% return, which is significantly higher than FBTC's -25.63% return.
LINE
- 1D
- -3.07%
- 1M
- 5.69%
- 6M
- 22.40%
- YTD
- 27.09%
- 1Y
- 10.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -24.13%
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
LINE vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LINE Lineage, Inc. | 27.09% | -37.20% | -27.57% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 42.10% |
Correlation
The correlation between LINE and FBTC is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2024 | 0.18 |
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Return for Risk
LINE vs. FBTC — Risk / Return Rank
LINE
FBTC
LINE vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lineage, Inc. (LINE) 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.
| LINE | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +2.18 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.83 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | -0.84 | +1.24 |
| Martin ratioReturn relative to average drawdown | 0.79 | -1.34 | +2.13 |
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Drawdowns
LINE vs. FBTC - Drawdown Comparison
The maximum LINE drawdown since its inception was -61.74%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for LINE and FBTC.
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Drawdown Indicators
| LINE | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.74% | -53.35% | -8.39% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -53.35% | +26.57% |
Current DrawdownCurrent decline from peak | -46.49% | -48.20% | +1.71% |
Average DrawdownAverage peak-to-trough decline | -41.27% | -17.73% | -23.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.46% | 33.39% | -19.93% |
Volatility
LINE vs. FBTC - Volatility Comparison
The current volatility for Lineage, Inc. (LINE) is 8.81%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 10.58%. This indicates that LINE experiences smaller price fluctuations and is considered to be less risky 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
| LINE | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.81% | 10.58% | -1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 28.45% | 34.53% | -6.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.14% | 44.30% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.49% | 49.71% | -13.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.49% | 49.71% | -13.22% |
Dividends
LINE vs. FBTC - Dividend Comparison
LINE's dividend yield for the trailing twelve months is around 4.91%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% |
LINE Lineage, Inc. | 4.91% | 6.03% | 1.55% |
Frequently Asked Questions
LINE and FBTC have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (10.58%) compared to LINE (8.81%). In terms of maximum drawdown, LINE dropped -61.74% vs FBTC's -53.35%.
LINE currently has the higher Sharpe Ratio (0.28 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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