QCOM vs. FBTC
QCOM (QUALCOMM Incorporated) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, QCOM returned 39.72% vs -39.70% for FBTC. At a 0.26 correlation, their price movements are largely independent.
Performance
QCOM vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, QCOM achieves a 25.03% return, which is significantly higher than FBTC's -27.39% return.
QCOM
- 1D
- 4.32%
- 1M
- 5.47%
- YTD
- 25.03%
- 6M
- 19.95%
- 1Y
- 39.72%
- 3Y*
- 22.00%
- 5Y*
- 11.87%
- 10Y*
- 18.10%
FBTC
- 1D
- 0.11%
- 1M
- -19.60%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -39.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QCOM vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QCOM QUALCOMM Incorporated | 25.03% | 13.84% | 12.45% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between QCOM and FBTC is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.26 |
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Return for Risk
QCOM vs. FBTC — Risk / Return Rank
QCOM
FBTC
QCOM vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for QUALCOMM Incorporated (QCOM) 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.
| QCOM | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.66 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.85 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | -0.78 | +1.88 |
| Martin ratioReturn relative to average drawdown | 2.44 | -1.37 | +3.81 |
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Drawdowns
QCOM vs. FBTC - Drawdown Comparison
The maximum QCOM drawdown since its inception was -86.75%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for QCOM and FBTC.
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Drawdown Indicators
| QCOM | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.75% | -52.07% | -34.68% |
Max Drawdown (1Y)Largest decline over 1 year | -33.13% | -52.07% | +18.94% |
Max Drawdown (3Y)Largest decline over 3 years | -44.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -44.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -44.29% | — | — |
Current DrawdownCurrent decline from peak | -15.34% | -49.42% | +34.08% |
Average DrawdownAverage peak-to-trough decline | -32.87% | -16.46% | -16.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.89% | 29.61% | -14.72% |
Volatility
QCOM vs. FBTC - Volatility Comparison
QUALCOMM Incorporated (QCOM) has a higher volatility of 27.32% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.97%. This indicates that QCOM'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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Volatility by Period
| QCOM | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.32% | 11.97% | +15.35% |
Volatility (6M)Calculated over the trailing 6-month period | 42.18% | 34.39% | +7.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.52% | 43.98% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.17% | 50.13% | -8.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.28% | 50.13% | -10.85% |
Dividends
QCOM vs. FBTC - Dividend Comparison
QCOM's dividend yield for the trailing twelve months is around 1.70%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QCOM QUALCOMM Incorporated | 1.70% | 2.06% | 2.18% | 2.18% | 2.67% | 1.47% | 1.69% | 2.81% | 4.27% | 3.50% | 3.17% | 3.72% |
Frequently Asked Questions
QCOM and FBTC have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QCOM has higher volatility (27.32%) compared to FBTC (11.97%). In terms of maximum drawdown, QCOM dropped -86.75% vs FBTC's -52.07%.
QCOM currently has the higher Sharpe Ratio (0.75 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.
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