META vs. FBTC
META (Meta Platforms, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, META returned -16.71% vs -39.70% for FBTC. At a 0.23 correlation, their price movements are largely independent.
Performance
META vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, META achieves a -14.03% return, which is significantly higher than FBTC's -27.39% return.
META
- 1D
- -0.26%
- 1M
- -7.69%
- YTD
- -14.03%
- 6M
- -11.84%
- 1Y
- -16.71%
- 3Y*
- 28.18%
- 5Y*
- 11.52%
- 10Y*
- 17.39%
FBTC
- 1D
- 0.11%
- 1M
- -19.60%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -39.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
META vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
META Meta Platforms, Inc. | -14.03% | 13.09% | 58.65% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between META and FBTC is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
META vs. FBTC — Risk / Return Rank
META
FBTC
META vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Meta Platforms, Inc. (META) 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.
| META | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.85 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.78 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.37 | +0.25 |
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Drawdowns
META vs. FBTC - Drawdown Comparison
The maximum META drawdown since its inception was -76.74%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for META and FBTC.
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Drawdown Indicators
| META | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -52.07% | -24.67% |
Max Drawdown (1Y)Largest decline over 1 year | -33.30% | -52.07% | +18.77% |
Max Drawdown (3Y)Largest decline over 3 years | -34.15% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -76.74% | — | — |
Current DrawdownCurrent decline from peak | -28.06% | -49.42% | +21.36% |
Average DrawdownAverage peak-to-trough decline | -15.83% | -16.46% | +0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.06% | 29.61% | -13.55% |
Volatility
META vs. FBTC - Volatility Comparison
The current volatility for Meta Platforms, Inc. (META) is 10.17%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.97%. This indicates that META 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
| META | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.17% | 11.97% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 26.91% | 34.39% | -7.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.52% | 43.98% | -8.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.04% | 50.13% | -6.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.67% | 50.13% | -11.46% |
Dividends
META vs. FBTC - Dividend Comparison
META's dividend yield for the trailing twelve months is around 0.37%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% |
META Meta Platforms, Inc. | 0.37% | 0.32% | 0.34% |
Frequently Asked Questions
META and FBTC have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FBTC has higher volatility (11.97%) compared to META (10.17%). In terms of maximum drawdown, META dropped -76.74% vs FBTC's -52.07%.
META currently has the higher Sharpe Ratio (-0.51 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.
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