MU vs. FBTC
MU (Micron Technology, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, MU returned 657.80% vs -44.68% for FBTC. At a 0.27 correlation, their price movements are largely independent.
Performance
MU vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, MU achieves a 203.41% return, which is significantly higher than FBTC's -25.63% return.
MU
- 1D
- 1.94%
- 1M
- -23.67%
- 6M
- 138.72%
- YTD
- 203.41%
- 1Y
- 657.80%
- 3Y*
- 137.11%
- 5Y*
- 62.98%
- 10Y*
- 52.40%
- ALL TIME*
- 17.23%
FBTC
- 1D
- 1.56%
- 1M
- 3.51%
- 6M
- -31.89%
- YTD
- -25.63%
- 1Y
- -44.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.64%
MU vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MU Micron Technology, Inc. | 203.41% | 240.24% | 2.60% |
FBTC Fidelity Wise Origin Bitcoin Fund | -25.63% | -6.56% | 94.28% |
Correlation
The correlation between MU 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
MU vs. FBTC — Risk / Return Rank
MU
FBTC
MU vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Micron Technology, Inc. (MU) 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.
| MU | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +9.70 | ||
| Sortino ratioReturn per unit of downside risk | +6.71 | ||
| Omega ratioGain probability vs. loss probability | 1.66 | 0.83 | +0.83 |
| Calmar ratioReturn relative to maximum drawdown | 21.93 | -0.84 | +22.77 |
| Martin ratioReturn relative to average drawdown | 74.09 | -1.34 | +75.43 |
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Drawdowns
MU vs. FBTC - Drawdown Comparison
The maximum MU drawdown since its inception was -98.25%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for MU and FBTC.
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Drawdown Indicators
| MU | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.25% | -53.35% | -44.90% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -53.35% | +23.07% |
Max Drawdown (3Y)Largest decline over 3 years | -57.63% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -57.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -57.63% | — | — |
Current DrawdownCurrent decline from peak | -28.67% | -48.20% | +19.53% |
Average DrawdownAverage peak-to-trough decline | -58.05% | -17.73% | -40.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.95% | 33.39% | -24.44% |
Volatility
MU vs. FBTC - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 30.97% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 10.58%. This indicates that MU'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
| MU | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.97% | 10.58% | +20.39% |
Volatility (6M)Calculated over the trailing 6-month period | 63.14% | 34.53% | +28.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.55% | 44.30% | +32.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.01% | 49.71% | +5.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.78% | 49.71% | +1.07% |
Dividends
MU vs. FBTC - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.06%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MU Micron Technology, Inc. | 0.06% | 0.16% | 0.55% | 0.54% | 0.89% | 0.21% |
Frequently Asked Questions
MU 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.
MU has higher volatility (30.97%) compared to FBTC (10.58%). In terms of maximum drawdown, MU dropped -98.25% vs FBTC's -53.35%.
MU currently has the higher Sharpe Ratio (8.69 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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