OBTC vs. FAAR
OBTC (Osprey Bitcoin Trust) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - OBTC is a Cryptocurrency fund tracking the Bitcoin (BTC), while FAAR is a Commodities fund actively managed by First Trust. OBTC is passively managed, while FAAR is actively managed. Over the past 5 years, OBTC returned 8.44%/yr vs 8.07%/yr for FAAR. At a 0.02 correlation, their price movements are largely independent. OBTC charges 0.49%/yr vs 0.95%/yr for FAAR.
Performance
OBTC vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, OBTC achieves a -25.45% return, which is significantly lower than FAAR's 25.73% return.
OBTC
- 1D
- -2.72%
- 1M
- -18.30%
- YTD
- -25.45%
- 6M
- -25.31%
- 1Y
- -28.83%
- 3Y*
- 53.99%
- 5Y*
- 8.44%
- 10Y*
- —
FAAR
- 1D
- 0.01%
- 1M
- -0.79%
- YTD
- 25.73%
- 6M
- 23.17%
- 1Y
- 40.73%
- 3Y*
- 11.79%
- 5Y*
- 8.07%
- 10Y*
- 5.17%
OBTC vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
OBTC Osprey Bitcoin Trust | -25.45% | -1.87% | 130.89% | 277.81% | -73.93% | -74.76% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 25.73% | 8.07% | 5.97% | -5.63% | 10.15% | 8.39% |
Correlation
The correlation between OBTC and FAAR is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 16, 2021 | 0.02 |
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Return for Risk
OBTC vs. FAAR — Risk / Return Rank
OBTC
FAAR
OBTC vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Osprey Bitcoin Trust (OBTC) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| OBTC | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.69 | ||
| Sortino ratioReturn per unit of downside risk | -4.99 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.52 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | 8.44 | -9.08 |
| Martin ratioReturn relative to average drawdown | -1.15 | 23.64 | -24.79 |
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
| OBTC | FAAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | 3.04 | -3.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.62 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | 0.45 | -0.66 |
Drawdowns
OBTC vs. FAAR - Drawdown Comparison
The maximum OBTC drawdown since its inception was -94.50%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for OBTC and FAAR.
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Drawdown Indicators
| OBTC | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.50% | -18.03% | -76.47% |
Max Drawdown (1Y)Largest decline over 1 year | -45.41% | -4.85% | -40.56% |
Max Drawdown (3Y)Largest decline over 3 years | -45.41% | -11.54% | -33.87% |
Max Drawdown (5Y)Largest decline over 5 years | -83.76% | -18.03% | -65.73% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.03% | — |
Current DrawdownCurrent decline from peak | -62.77% | -1.11% | -61.66% |
Average DrawdownAverage peak-to-trough decline | -69.63% | -7.85% | -61.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.06% | 1.73% | +23.33% |
Volatility
OBTC vs. FAAR - Volatility Comparison
Osprey Bitcoin Trust (OBTC) has a higher volatility of 9.55% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.44%. This indicates that OBTC's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OBTC | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 2.44% | +7.11% |
Volatility (6M)Calculated over the trailing 6-month period | 34.48% | 9.72% | +24.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.27% | 13.48% | +30.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.11% | 13.02% | +45.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.56% | 11.51% | +60.05% |
OBTC vs. FAAR - Expense Ratio Comparison
OBTC has a 0.49% expense ratio, which is lower than FAAR's 0.95% expense ratio.
Dividends
OBTC vs. FAAR - Dividend Comparison
OBTC has not paid dividends to shareholders, while FAAR's dividend yield for the trailing twelve months is around 9.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.15% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% |
OBTC Osprey Bitcoin Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
OBTC and FAAR have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OBTC has higher volatility (9.55%) compared to FAAR (2.44%). In terms of maximum drawdown, OBTC dropped -94.50% vs FAAR's -18.03%.
On 5-year performance, OBTC leads with 8.44% vs 8.07% for FAAR. On fees, OBTC is cheaper at 0.49% per year. On volatility, FAAR has been the lower-risk option at 2.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, OBTC has performed better with a 8.44% return vs 8.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OBTC is cheaper with a 0.49% expense ratio, compared with 0.95% for FAAR.
FAAR has the higher dividend yield at 9.15%, compared with 0.00% for OBTC.
OBTC is categorized as Cryptocurrency, while FAAR is Commodities. They also come from different issuers: Osprey Funds and First Trust. Their fees differ too: 0.49% for OBTC and 0.95% for FAAR.
FAAR currently has the higher Sharpe Ratio (3.04 vs -0.65), 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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