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 -17.75% vs -40.63% for FBTC. At a 0.24 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 -18.85% return, which is significantly higher than FBTC's -27.39% return.
MSFT
- 1D
- 0.10%
- 1M
- -3.36%
- YTD
- -18.85%
- 6M
- -17.98%
- 1Y
- -17.75%
- 3Y*
- 6.16%
- 5Y*
- 9.56%
- 10Y*
- 24.39%
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSFT vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MSFT Microsoft Corporation | -18.85% | 15.58% | 10.94% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between MSFT and FBTC is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.24 |
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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 | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.85 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.78 | +0.26 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.37 | +0.29 |
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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 -52.07%. 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% | -52.07% | -17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -33.91% | -52.07% | +18.16% |
Max Drawdown (3Y)Largest decline over 3 years | -33.91% | — | — |
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 | -27.46% | -49.42% | +21.96% |
Average DrawdownAverage peak-to-trough decline | -21.78% | -16.46% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.48% | 29.61% | -13.13% |
Volatility
MSFT vs. FBTC - Volatility Comparison
The current volatility for Microsoft Corporation (MSFT) is 10.52%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 11.97%. This indicates that MSFT 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
| MSFT | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.52% | 11.97% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 22.31% | 34.39% | -12.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.42% | 43.98% | -18.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.66% | 50.13% | -23.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.06% | 50.13% | -23.07% |
Dividends
MSFT vs. FBTC - Dividend Comparison
MSFT's dividend yield for the trailing twelve months is around 0.91%, 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 | 0.91% | 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 0.25, 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 MSFT (10.52%). In terms of maximum drawdown, MSFT dropped -69.38% vs FBTC's -52.07%.
MSFT currently has the higher Sharpe Ratio (-0.70 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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