TSLA vs. FBTC
TSLA (Tesla, Inc.) is a stock, while FBTC (Fidelity Wise Origin Bitcoin Fund) is Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Over the past year, TSLA returned 27.36% vs -40.63% for FBTC. At a 0.39 correlation, their price movements are largely independent.
Performance
TSLA vs. FBTC - Performance Comparison
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Returns By Period
In the year-to-date period, TSLA achieves a -9.63% return, which is significantly higher than FBTC's -27.39% return.
TSLA
- 1D
- 1.82%
- 1M
- -8.72%
- YTD
- -9.63%
- 6M
- -11.45%
- 1Y
- 27.36%
- 3Y*
- 16.25%
- 5Y*
- 14.86%
- 10Y*
- 39.72%
FBTC
- 1D
- 0.11%
- 1M
- -20.13%
- YTD
- -27.39%
- 6M
- -29.64%
- 1Y
- -40.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSLA vs. FBTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSLA Tesla, Inc. | -9.63% | 11.36% | 72.63% |
FBTC Fidelity Wise Origin Bitcoin Fund | -27.39% | -6.56% | 94.28% |
Correlation
The correlation between TSLA and FBTC is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024 | 0.39 |
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Return for Risk
TSLA vs. FBTC — Risk / Return Rank
TSLA
FBTC
TSLA vs. FBTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tesla, Inc. (TSLA) 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.
| TSLA | FBTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.85 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | -0.78 | +1.70 |
| Martin ratioReturn relative to average drawdown | 2.10 | -1.37 | +3.47 |
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Drawdowns
TSLA vs. FBTC - Drawdown Comparison
The maximum TSLA drawdown since its inception was -73.63%, which is greater than FBTC's maximum drawdown of -52.07%. Use the drawdown chart below to compare losses from any high point for TSLA and FBTC.
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Drawdown Indicators
| TSLA | FBTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.63% | -52.07% | -21.56% |
Max Drawdown (1Y)Largest decline over 1 year | -29.93% | -52.07% | +22.14% |
Max Drawdown (3Y)Largest decline over 3 years | -53.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -73.63% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.63% | — | — |
Current DrawdownCurrent decline from peak | -17.03% | -49.42% | +32.39% |
Average DrawdownAverage peak-to-trough decline | -22.72% | -16.46% | -6.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.06% | 29.61% | -16.55% |
Volatility
TSLA vs. FBTC - Volatility Comparison
Tesla, Inc. (TSLA) has a higher volatility of 14.25% compared to Fidelity Wise Origin Bitcoin Fund (FBTC) at 11.97%. This indicates that TSLA'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
| TSLA | FBTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.25% | 11.97% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 28.73% | 34.39% | -5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.49% | 43.98% | +0.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.98% | 50.13% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.14% | 50.13% | +9.01% |
Dividends
TSLA vs. FBTC - Dividend Comparison
Neither TSLA nor FBTC has paid dividends to shareholders.
Frequently Asked Questions
TSLA and FBTC have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSLA has higher volatility (14.25%) compared to FBTC (11.97%). In terms of maximum drawdown, TSLA dropped -73.63% vs FBTC's -52.07%.
TSLA currently has the higher Sharpe Ratio (0.62 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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