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 776.52% vs -39.41% for FBTC. At a 0.28 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 232.74% return, which is significantly higher than FBTC's -27.63% return.
MU
- 1D
- 9.87%
- 1M
- 27.11%
- YTD
- 232.74%
- 6M
- 284.77%
- 1Y
- 776.52%
- 3Y*
- 144.94%
- 5Y*
- 65.39%
- 10Y*
- 55.03%
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MU vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MU Micron Technology, Inc. | 232.74% | 240.24% | 1.35% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
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 12, 2024 | 0.28 |
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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.
| MU | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +12.33 | ||
| Sortino ratioReturn per unit of downside risk | +7.51 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 0.86 | +0.95 |
| Calmar ratioReturn relative to maximum drawdown | 25.90 | -0.76 | +26.66 |
| Martin ratioReturn relative to average drawdown | 100.37 | -1.36 | +101.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MU | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 11.44 | -0.90 | +12.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.24 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.27 | +0.04 |
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 -52.07%. 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% | -52.07% | -46.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.28% | -52.07% | +21.79% |
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 | -12.07% | -49.59% | +37.52% |
Average DrawdownAverage peak-to-trough decline | -58.19% | -16.18% | -42.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 28.93% | -21.13% |
Volatility
MU vs. FBTC - Volatility Comparison
Micron Technology, Inc. (MU) has a higher volatility of 34.16% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.77%. 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 | 34.16% | 11.77% | +22.39% |
Volatility (6M)Calculated over the trailing 6-month period | 56.74% | 34.55% | +22.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.70% | 44.17% | +24.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.91% | 50.26% | +2.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.99% | 50.26% | -0.27% |
Dividends
MU vs. FBTC - Dividend Comparison
MU's dividend yield for the trailing twelve months is around 0.05%, 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. | 0.05% | 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 (34.16%) compared to FBTC (11.77%). In terms of maximum drawdown, MU dropped -98.25% vs FBTC's -52.07%.
MU currently has the higher Sharpe Ratio (11.44 vs -0.90), 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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