LRCX vs. FBTC
LRCX (Lam Research Corporation) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, LRCX returned 206.44% vs -44.68% for FBTC. At a 0.27 correlation, their price movements are largely independent.
Performance
LRCX vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, LRCX achieves a 79.54% return, which is significantly higher than FBTC's -25.63% return.
LRCX
- 1D
- -2.09%
- 1M
- -21.15%
- 6M
- 37.85%
- YTD
- 79.54%
- 1Y
- 206.44%
- 3Y*
- 71.60%
- 5Y*
- 38.36%
- 10Y*
- 44.25%
- ALL TIME*
- 23.85%
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
LRCX vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LRCX Lam Research Corporation | 79.54% | 139.16% | -2.67% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
Correlation
The correlation between LRCX and FBTC is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.27 |
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Return for Risk
LRCX vs. FBTC — Risk / Return Rank
LRCX
FBTC
LRCX vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lam Research Corporation (LRCX) 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.
| LRCX | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.52 | ||
| Sortino ratioReturn per unit of downside risk | +4.86 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 0.83 | +0.60 |
| Calmar ratioReturn relative to maximum drawdown | 7.11 | -0.84 | +7.95 |
| Martin ratioReturn relative to average drawdown | 26.34 | -1.34 | +27.68 |
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Drawdowns
LRCX vs. FBTC - Drawdown Comparison
The maximum LRCX drawdown since its inception was -87.90%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for LRCX and FBTC.
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Drawdown Indicators
| LRCX | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.90% | -53.35% | -34.55% |
Max Drawdown (1Y)Largest decline over 1 year | -29.21% | -53.35% | +24.14% |
Max Drawdown (3Y)Largest decline over 3 years | -47.10% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.39% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.39% | — | — |
Current DrawdownCurrent decline from peak | -29.21% | -48.20% | +18.99% |
Average DrawdownAverage peak-to-trough decline | -28.13% | -17.73% | -10.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.87% | 33.39% | -25.52% |
Volatility
LRCX vs. FBTC - Volatility Comparison
Lam Research Corporation (LRCX) has a higher volatility of 27.18% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 10.58%. This indicates that LRCX'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
| LRCX | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.18% | 10.58% | +16.60% |
Volatility (6M)Calculated over the trailing 6-month period | 48.75% | 34.53% | +14.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.36% | 44.30% | +15.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.08% | 49.71% | -1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.70% | 49.71% | -4.01% |
Dividends
LRCX vs. FBTC - Dividend Comparison
LRCX's dividend yield for the trailing twelve months is around 0.34%, 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% |
LRCX Lam Research Corporation | 0.34% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
Frequently Asked Questions
LRCX and FBTC have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRCX has higher volatility (27.18%) compared to FBTC (10.58%). In terms of maximum drawdown, LRCX dropped -87.90% vs FBTC's -53.35%.
LRCX currently has the higher Sharpe Ratio (3.51 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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