PLTR vs. FBTC
PLTR (Palantir Technologies Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, PLTR returned -5.33% vs -40.63% for FBTC. At a 0.32 correlation, their price movements are largely independent.
Performance
PLTR vs. FBTC - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with PLTR having a -27.99% return and FBTC slightly higher at -27.39%.
PLTR
- 1D
- -2.36%
- 1M
- -1.58%
- YTD
- -27.99%
- 6M
- -30.28%
- 1Y
- -5.33%
- 3Y*
- 99.99%
- 5Y*
- 39.00%
- 10Y*
- —
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTR vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PLTR Palantir Technologies Inc. | -27.99% | 135.03% | 350.45% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between PLTR and FBTC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.32 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PLTR vs. FBTC — Risk / Return Rank
PLTR
FBTC
PLTR vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Palantir Technologies Inc. (PLTR) 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.
| PLTR | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.85 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.14 | -0.78 | +0.64 |
| Martin ratioReturn relative to average drawdown | -0.25 | -1.37 | +1.12 |
Loading charts...
Drawdowns
PLTR vs. FBTC - Drawdown Comparison
The maximum PLTR drawdown since its inception was -84.62%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for PLTR and FBTC.
Loading charts...
Drawdown Indicators
| PLTR | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.62% | -52.07% | -32.55% |
Max Drawdown (1Y)Largest decline over 1 year | -38.22% | -52.07% | +13.85% |
Max Drawdown (3Y)Largest decline over 3 years | -40.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.14% | — | — |
Current DrawdownCurrent decline from peak | -38.22% | -49.42% | +11.20% |
Average DrawdownAverage peak-to-trough decline | -40.27% | -16.46% | -23.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.23% | 29.61% | -8.38% |
Volatility
PLTR vs. FBTC - Volatility Comparison
Palantir Technologies Inc. (PLTR) has a higher volatility of 17.16% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.97%. This indicates that PLTR'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.
Loading charts...
Volatility by Period
| PLTR | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.16% | 11.97% | +5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 38.32% | 34.39% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.83% | 43.98% | +6.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.44% | 50.13% | +15.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.75% | 50.13% | +19.62% |
Dividends
PLTR vs. FBTC - Dividend Comparison
Neither PLTR nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
PLTR and FBTC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (17.16%) compared to FBTC (11.97%). In terms of maximum drawdown, PLTR dropped -84.62% vs FBTC's -52.07%.
PLTR currently has the higher Sharpe Ratio (-0.11 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.
Find the right allocation for PLTR and FBTC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer