MSFT vs. FBTC
MSFT (Microsoft Corporation) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, MSFT returned -20.50% vs -44.68% for FBTC. At a 0.23 correlation, their price movements are largely independent.
Performance
MSFT vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, MSFT achieves a -16.45% return, which is significantly higher than FBTC's -25.63% return.
MSFT
- 1D
- 2.15%
- 1M
- 6.03%
- 6M
- -12.13%
- YTD
- -16.45%
- 1Y
- -20.50%
- 3Y*
- 6.20%
- 5Y*
- 8.30%
- 10Y*
- 23.18%
- ALL TIME*
- 24.73%
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
MSFT vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFT Microsoft Corporation | -16.45% | 15.58% | 10.94% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
Correlation
The correlation between MSFT and FBTC is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.23 |
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Return for Risk
MSFT vs. FBTC — Risk / Return Rank
MSFT
FBTC
MSFT vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Microsoft Corporation (MSFT) 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.
| MSFT | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.83 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | -0.84 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.34 | +0.24 |
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Drawdowns
MSFT vs. FBTC - Drawdown Comparison
The maximum MSFT drawdown since its inception was -69.38%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for MSFT and FBTC.
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Drawdown Indicators
| MSFT | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -53.35% | -16.03% |
Max Drawdown (1Y)Largest decline over 1 year | -34.50% | -53.35% | +18.85% |
Max Drawdown (3Y)Largest decline over 3 years | -34.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.15% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -37.15% | — | — |
Current DrawdownCurrent decline from peak | -25.32% | -48.20% | +22.88% |
Average DrawdownAverage peak-to-trough decline | -21.80% | -17.73% | -4.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.74% | 33.39% | -14.65% |
Volatility
MSFT vs. FBTC - Volatility Comparison
Microsoft Corporation (MSFT) and Fidelity Wise Origin Bitcoin Fund (FBTC) have volatilities of 10.25% and 10.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFT | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.25% | 10.58% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 24.51% | 34.53% | -10.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.52% | 44.30% | -16.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 49.71% | -22.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.15% | 49.71% | -22.56% |
Dividends
MSFT vs. FBTC - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.88%, 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% |
MSFT Microsoft Corporation | 0.88% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
Frequently Asked Questions
MSFT and FBTC have a correlation of 0.24, 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 MSFT (10.25%). In terms of maximum drawdown, MSFT dropped -69.38% vs FBTC's -53.35%.
MSFT currently has the higher Sharpe Ratio (-0.75 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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