NERIX vs. FBTC
Compare and contrast key facts about Neuberger Berman Emerging Markets Debt Fund (NERIX) and Fidelity Wise Origin Bitcoin Trust (FBTC).
NERIX is managed by Neuberger Berman. It was launched on Sep 26, 2013. FBTC is a passively managed fund by Fidelity that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NERIX or FBTC.
Key characteristics
| NERIX | FBTC | |
|---|---|---|
| Daily Std Dev | 5.77% | 58.35% |
| Max Drawdown | -26.34% | -27.42% |
| Current Drawdown | -3.22% | -18.51% |
Correlation
The correlation between NERIX and FBTC is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
NERIX vs. FBTC - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NERIX vs. FBTC - Expense Ratio Comparison
NERIX has a 0.81% expense ratio, which is higher than FBTC's 0.25% expense ratio.
Risk-Adjusted Performance
NERIX vs. FBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Neuberger Berman Emerging Markets Debt Fund (NERIX) and Fidelity Wise Origin Bitcoin Trust (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.
Not enough dataDividends
NERIX vs. FBTC - Dividend Comparison
NERIX's dividend yield for the trailing twelve months is around 5.99%, while FBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NERIX Neuberger Berman Emerging Markets Debt Fund | 5.99% | 5.68% | 5.19% | 4.27% | 4.06% | 4.98% | 5.59% | 5.18% | 5.87% | 5.92% | 5.57% | 1.34% |
FBTC Fidelity Wise Origin Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
NERIX vs. FBTC - Drawdown Comparison
The maximum NERIX drawdown since its inception was -26.34%, roughly equal to the maximum FBTC drawdown of -27.42%. Use the drawdown chart below to compare losses from any high point for NERIX and FBTC. For additional features, visit the drawdowns tool.
Volatility
NERIX vs. FBTC - Volatility Comparison
The current volatility for Neuberger Berman Emerging Markets Debt Fund (NERIX) is 1.37%, while Fidelity Wise Origin Bitcoin Trust (FBTC) has a volatility of 14.29%. This indicates that NERIX 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.