SHIP vs. FBTC
SHIP (Seanergy Maritime Holdings Corp.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, SHIP returned 150.72% vs -39.41% for FBTC. At a 0.15 correlation, their price movements are largely independent.
Performance
SHIP vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, SHIP achieves a 69.69% return, which is significantly higher than FBTC's -27.63% return.
SHIP
- 1D
- -0.26%
- 1M
- -7.22%
- YTD
- 69.69%
- 6M
- 52.26%
- 1Y
- 150.72%
- 3Y*
- 60.51%
- 5Y*
- 15.33%
- 10Y*
- -42.13%
FBTC
- 1D
- 5.17%
- 1M
- -20.97%
- YTD
- -27.63%
- 6M
- -30.29%
- 1Y
- -39.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SHIP vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SHIP Seanergy Maritime Holdings Corp. | 69.69% | 38.48% | 4.31% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.63% | -6.56% | 99.56% |
Correlation
The correlation between SHIP and FBTC is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.15 |
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Return for Risk
SHIP vs. FBTC — Risk / Return Rank
SHIP
FBTC
SHIP vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Seanergy Maritime Holdings Corp. (SHIP) 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.
| SHIP | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.47 | ||
| Sortino ratioReturn per unit of downside risk | +5.33 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 0.86 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 8.17 | -0.76 | +8.93 |
| Martin ratioReturn relative to average drawdown | 20.14 | -1.36 | +21.51 |
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
| SHIP | FBTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.57 | -0.90 | +4.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.27 | -0.36 |
Drawdowns
SHIP vs. FBTC - Drawdown Comparison
The maximum SHIP drawdown since its inception was -100.00%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for SHIP and FBTC.
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Drawdown Indicators
| SHIP | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -52.07% | -47.93% |
Max Drawdown (1Y)Largest decline over 1 year | -18.56% | -52.07% | +33.51% |
Max Drawdown (3Y)Largest decline over 3 years | -57.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -69.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | — | — |
Current DrawdownCurrent decline from peak | -99.98% | -49.59% | -50.39% |
Average DrawdownAverage peak-to-trough decline | -86.57% | -16.18% | -70.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.51% | 28.93% | -21.42% |
Volatility
SHIP vs. FBTC - Volatility Comparison
Seanergy Maritime Holdings Corp. (SHIP) has a higher volatility of 15.48% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.77%. This indicates that SHIP'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
| SHIP | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.48% | 11.77% | +3.71% |
Volatility (6M)Calculated over the trailing 6-month period | 33.66% | 34.55% | -0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.56% | 44.17% | -1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.08% | 50.26% | +1.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 98.57% | 50.26% | +48.31% |
Dividends
SHIP vs. FBTC - Dividend Comparison
SHIP's dividend yield for the trailing twelve months is around 2.79%, while FBTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
FBTC Fidelity Wise Origin Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHIP Seanergy Maritime Holdings Corp. | 2.79% | 3.58% | 10.58% | 1.28% | 25.23% |
Frequently Asked Questions
SHIP and FBTC have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHIP has higher volatility (15.48%) compared to FBTC (11.77%). In terms of maximum drawdown, SHIP dropped -100.00% vs FBTC's -52.07%.
SHIP currently has the higher Sharpe Ratio (3.57 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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