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PUBM vs. FBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PUBM and FBTC is 0.36, 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.

PUBM vs. FBTC

Last updated May 31, 2025

Compare and contrast key facts about PubMatic, Inc. (PUBM) and Fidelity Wise Origin Bitcoin Trust (FBTC).

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: PUBM or FBTC.

Performance

PUBM vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PubMatic, Inc. (PUBM) and Fidelity Wise Origin Bitcoin Trust (FBTC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

PUBM:

-0.83

FBTC:

0.99

Sortino Ratio

PUBM:

-1.04

FBTC:

1.63

Omega Ratio

PUBM:

0.84

FBTC:

1.19

Calmar Ratio

PUBM:

-0.57

FBTC:

1.87

Martin Ratio

PUBM:

-1.27

FBTC:

4.09

Ulcer Index

PUBM:

39.76%

FBTC:

12.88%

Daily Std Dev

PUBM:

60.12%

FBTC:

52.94%

Max Drawdown

PUBM:

-88.89%

FBTC:

-28.21%

Current Drawdown

PUBM:

-83.27%

FBTC:

-5.85%

Returns By Period

In the year-to-date period, PUBM achieves a -20.35% return, which is significantly lower than FBTC's 12.01% return.

PUBM

YTD

-20.35%

1M

19.75%

6M

-26.65%

1Y

-49.74%

3Y*

-16.28%

5Y*

N/A

10Y*

N/A

FBTC

YTD

12.01%

1M

11.19%

6M

7.62%

1Y

51.92%

3Y*

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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PubMatic, Inc.

Fidelity Wise Origin Bitcoin Trust

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

PUBM vs. FBTC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PUBM
The Risk-Adjusted Performance Rank of PUBM is 1111
Overall Rank
The Sharpe Ratio Rank of PUBM is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of PUBM is 1111
Sortino Ratio Rank
The Omega Ratio Rank of PUBM is 99
Omega Ratio Rank
The Calmar Ratio Rank of PUBM is 1414
Calmar Ratio Rank
The Martin Ratio Rank of PUBM is 1414
Martin Ratio Rank
FBTC
The Risk-Adjusted Performance Rank of FBTC is 8181
Overall Rank
The Sharpe Ratio Rank of FBTC is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of FBTC is 8383
Sortino Ratio Rank
The Omega Ratio Rank of FBTC is 7777
Omega Ratio Rank
The Calmar Ratio Rank of FBTC is 9292
Calmar Ratio Rank
The Martin Ratio Rank of FBTC is 7979
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PUBM vs. FBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for PubMatic, Inc. (PUBM) 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.

The current PUBM Sharpe Ratio is -0.83, which is lower than the FBTC Sharpe Ratio of 0.99. The chart below compares the historical Sharpe Ratios of PUBM and FBTC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

PUBM vs. FBTC - Dividend Comparison

Neither PUBM nor FBTC has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

PUBM vs. FBTC - Drawdown Comparison

The maximum PUBM drawdown since its inception was -88.89%, which is greater than FBTC's maximum drawdown of -28.21%. Use the drawdown chart below to compare losses from any high point for PUBM and FBTC.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

PUBM vs. FBTC - Volatility Comparison

PubMatic, Inc. (PUBM) has a higher volatility of 11.79% compared to Fidelity Wise Origin Bitcoin Trust (FBTC) at 9.32%. This indicates that PUBM'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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