RDVT vs. FBTC
RDVT (Red Violet, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, RDVT returned 17.20% vs -39.41% for FBTC. At a 0.23 correlation, their price movements are largely independent.
Performance
RDVT vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, RDVT achieves a -6.08% return, which is significantly higher than FBTC's -27.63% return.
RDVT
- 1D
- 1.00%
- 1M
- 7.63%
- YTD
- -6.08%
- 6M
- -3.98%
- 1Y
- 17.20%
- 3Y*
- 36.51%
- 5Y*
- 19.97%
- 10Y*
- —
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RDVT vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
RDVT Red Violet, Inc. | -6.08% | 58.63% | 98.25% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
Correlation
The correlation between RDVT and FBTC is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.23 |
The correlation between RDVT and FBTC shifts across timeframes, from 0.12 (1 year) to 0.23 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RDVT vs. FBTC — Risk / Return Rank
RDVT
FBTC
RDVT vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Red Violet, Inc. (RDVT) 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.
| RDVT | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.86 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.41 | -0.76 | +1.17 |
| Martin ratioReturn relative to average drawdown | 0.91 | -1.36 | +2.27 |
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
| RDVT | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | -0.90 | +1.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 0.27 | -0.24 |
Drawdowns
RDVT vs. FBTC - Drawdown Comparison
The maximum RDVT drawdown since its inception was -90.17%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for RDVT and FBTC.
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Drawdown Indicators
| RDVT | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.17% | -52.07% | -38.10% |
Max Drawdown (1Y)Largest decline over 1 year | -42.11% | -52.07% | +9.96% |
Max Drawdown (3Y)Largest decline over 3 years | -42.11% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -63.73% | — | — |
Current DrawdownCurrent decline from peak | -9.98% | -49.59% | +39.61% |
Average DrawdownAverage peak-to-trough decline | -50.47% | -16.18% | -34.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.92% | 28.93% | -10.01% |
Volatility
RDVT vs. FBTC - Volatility Comparison
Red Violet, Inc. (RDVT) has a higher volatility of 15.61% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.77%. This indicates that RDVT'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
| RDVT | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.61% | 11.77% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 37.64% | 34.55% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.14% | 44.17% | +1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.36% | 50.26% | -0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.31% | 50.26% | +18.05% |
Dividends
RDVT vs. FBTC - Dividend Comparison
Neither RDVT nor FBTC has paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% |
RDVT Red Violet, Inc. | 0.00% | 0.53% |
Frequently Asked Questions
RDVT and FBTC have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDVT has higher volatility (15.61%) compared to FBTC (11.77%). In terms of maximum drawdown, RDVT dropped -90.17% vs FBTC's -52.07%.
RDVT currently has the higher Sharpe Ratio (0.38 vs -0.90), 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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