LINE vs. FBTC

Last updated Jun 13, 2026

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 7.78% vs -39.70% for FBTC. At a 0.19 correlation, their price movements are largely independent.

Performance

LINE vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lineage, Inc. (LINE) and Fidelity Wise Origin Bitcoin Fund (FBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LINE achieves a 29.07% return, which is significantly higher than FBTC's -27.39% return.

LINE

• 1D: -0.34%
• 1M: 15.53%
• YTD: 29.07%
• 6M: 24.54%
• 1Y: 7.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBTC

• 1D: 0.11%
• 1M: -19.60%
• YTD: -27.39%
• 6M: -29.64%
• 1Y: -39.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LINE vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LINE Lineage, Inc.	29.07%	-37.20%	-27.57%
FBTC Fidelity Wise Origin Bitcoin Fund	-27.39%	-6.56%	42.10%

Correlation

The correlation between LINE and FBTC is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 25, 2024	0.19

Return for Risk

LINE vs. FBTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LINE

LINE Risk / Return Rank: 43
LINE Sharpe Ratio Rank: 46
LINE Sortino Ratio Rank: 41
LINE Omega Ratio Rank: 40
LINE Calmar Ratio Rank: 45
LINE Martin Ratio Rank: 45

FBTC

FBTC Risk / Return Rank: 3
FBTC Sharpe Ratio Rank: 2
FBTC Sortino Ratio Rank: 3
FBTC Omega Ratio Rank: 3
FBTC Calmar Ratio Rank: 3
FBTC Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio: Return per unit of total volatility	0.09	-0.93	+1.02
Sortino ratio: Return per unit of downside risk	0.41	-1.31	+1.72
Omega ratio: Gain probability vs. loss probability	1.05	0.85	+0.19
Calmar ratio: Return relative to maximum drawdown	0.12	-0.78	+0.91
Martin ratio: Return relative to average drawdown	0.23	-1.37	+1.61

LINE vs. FBTC - Sharpe Ratio Comparison

The current LINE Sharpe Ratio is 0.09, which is higher than the FBTC Sharpe Ratio of -0.93. The chart below compares the historical Sharpe Ratios of LINE and FBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -52.07%. Use the drawdown chart below to compare losses from any high point for LINE and FBTC.

Drawdown Indicators

	LINE	FBTC	Difference
Max Drawdown Largest peak-to-trough decline	-61.74%	-52.07%	-9.67%
Max Drawdown (1Y) Largest decline over 1 year	-28.46%	-52.07%	+23.61%
Current Drawdown Current decline from peak	-45.65%	-49.42%	+3.77%
Average Drawdown Average peak-to-trough decline	-40.99%	-16.46%	-24.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.15%	29.61%	-14.46%

Volatility

LINE vs. FBTC - Volatility Comparison

The current volatility for Lineage, Inc. (LINE) is 10.80%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.97%. 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.

Volatility by Period

	LINE	FBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.80%	11.97%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	28.50%	34.39%	-5.89%
Volatility (1Y) Calculated over the trailing 1-year period	37.90%	43.98%	-6.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.74%	50.13%	-13.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.74%	50.13%	-13.39%

Dividends

LINE vs. FBTC - Dividend Comparison

LINE's dividend yield for the trailing twelve months is around 4.76%, 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.	4.76%	6.03%	1.55%

Frequently Asked Questions

Can I hold both LINE and FBTC in my portfolio?

LINE and FBTC have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LINE or FBTC?

FBTC has higher volatility (11.97%) compared to LINE (10.80%). In terms of maximum drawdown, LINE dropped -61.74% vs FBTC's -52.07%.

Which has better risk-adjusted returns?

LINE currently has the higher Sharpe Ratio (0.09 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.