PUBM vs. FBTC
PUBM (PubMatic, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, PUBM returned 13.31% vs -44.55% for FBTC. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
PUBM vs. FBTC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PUBM achieves a 42.05% return, which is significantly higher than FBTC's -28.23% return.
PUBM
- 1D
- -1.10%
- 1M
- -7.01%
- 6M
- 73.55%
- YTD
- 42.05%
- 1Y
- 13.31%
- 3Y*
- -13.94%
- 5Y*
- -15.76%
- 10Y*
- —
- ALL TIME*
- -11.51%
FBTC
- 1D
- -2.93%
- 1M
- 2.22%
- 6M
- -25.08%
- YTD
- -28.23%
- 1Y
- -44.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.93%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $183.96M | $200.45M | $239.07M | |
PUBM PubMatic, Inc. | $5.02M | $5.52M | $7.14M |
PUBM vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PUBM PubMatic, Inc. | 42.05% | -39.62% | -2.39% |
FBTC Fidelity Wise Origin Bitcoin Fund | -28.23% | -6.56% | 94.28% |
Correlation
The correlation between PUBM and FBTC is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.31 |
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
PUBM vs. FBTC — Risk / Return Rank
PUBM
FBTC
PUBM vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PubMatic, Inc. (PUBM) 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.
| PUBM | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.83 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | -0.87 | +0.98 |
| Martin ratioReturn relative to average drawdown | 0.20 | -1.34 | +1.53 |
Loading charts...
Drawdowns
PUBM vs. FBTC - Drawdown Comparison
The maximum PUBM drawdown since its inception was -91.02%, which is greater than FBTC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for PUBM and FBTC.
Loading charts...
Drawdown Indicators
| PUBM | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.02% | -53.35% | -37.67% |
Max Drawdown (1Y)Largest decline over 1 year | -46.19% | -53.35% | +7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -73.86% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -84.27% | — | — |
Current DrawdownCurrent decline from peak | -81.98% | -50.01% | -31.97% |
Average DrawdownAverage peak-to-trough decline | -70.95% | -18.17% | -52.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.83% | 34.63% | -7.80% |
Volatility
PUBM vs. FBTC - Volatility Comparison
PubMatic, Inc. (PUBM) has a higher volatility of 10.48% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 9.07%. 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.
Loading charts...
Volatility by Period
| PUBM | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.48% | 9.07% | +1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 35.17% | 33.70% | +1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.58% | 44.36% | +25.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.65% | 49.47% | +16.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.28% | 49.47% | +22.81% |
Dividends
PUBM vs. FBTC - Dividend Comparison
Neither PUBM nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
PUBM and FBTC have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PUBM has higher volatility (10.48%) compared to FBTC (9.07%). In terms of maximum drawdown, PUBM dropped -91.02% vs FBTC's -53.35%.
PUBM currently has the higher Sharpe Ratio (0.07 vs -1.05), 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 PUBM 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