LX vs. FBTC
LX (LexinFintech Holdings Ltd.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, LX returned -74.26% vs -44.68% for FBTC. At a 0.21 correlation, their price movements are largely independent.
Performance
LX vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, LX achieves a -51.73% return, which is significantly lower than FBTC's -25.63% return.
LX
- 1D
- -5.84%
- 1M
- -27.50%
- 6M
- -47.38%
- YTD
- -51.73%
- 1Y
- -74.26%
- 3Y*
- -8.07%
- 5Y*
- -28.17%
- 10Y*
- —
- ALL TIME*
- 6.18%
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
LX vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
LX LexinFintech Holdings Ltd. | -51.73% | -40.97% | 209.02% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
Correlation
The correlation between LX and FBTC is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.21 |
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Return for Risk
LX vs. FBTC — Risk / Return Rank
LX
FBTC
LX vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LexinFintech Holdings Ltd. (LX) 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.
| LX | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 0.71 | 0.83 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | -0.84 | -0.11 |
| Martin ratioReturn relative to average drawdown | -1.38 | -1.34 | -0.04 |
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Drawdowns
LX vs. FBTC - Drawdown Comparison
The maximum LX drawdown since its inception was -93.19%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for LX and FBTC.
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Drawdown Indicators
| LX | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.19% | -53.35% | -39.84% |
Max Drawdown (1Y)Largest decline over 1 year | -78.22% | -53.35% | -24.87% |
Max Drawdown (3Y)Largest decline over 3 years | -85.64% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -86.72% | — | — |
Current DrawdownCurrent decline from peak | -89.66% | -48.20% | -41.46% |
Average DrawdownAverage peak-to-trough decline | -63.60% | -17.73% | -45.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.88% | 33.39% | +20.49% |
Volatility
LX vs. FBTC - Volatility Comparison
LexinFintech Holdings Ltd. (LX) has a higher volatility of 15.73% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 10.58%. This indicates that LX'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
| LX | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.73% | 10.58% | +5.15% |
Volatility (6M)Calculated over the trailing 6-month period | 39.00% | 34.53% | +4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.28% | 44.30% | +19.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.45% | 49.71% | +23.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 321.36% | 49.71% | +271.65% |
Dividends
LX vs. FBTC - Dividend Comparison
LX's dividend yield for the trailing twelve months is around 26.34%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% |
LX LexinFintech Holdings Ltd. | 26.34% | 9.30% | 2.38% | 11.85% |
Frequently Asked Questions
LX and FBTC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LX has higher volatility (15.73%) compared to FBTC (10.58%). In terms of maximum drawdown, LX dropped -93.19% vs FBTC's -53.35%.
FBTC currently has the higher Sharpe Ratio (-1.01 vs -1.16), 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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