VYMI vs. FBTC

Last updated Jul 21, 2026

VYMI (Vanguard International High Dividend Yield ETF) and FBTC (Fidelity Wise Origin Bitcoin Fund) are both exchange-traded funds - VYMI is a Dividend fund tracking the FTSE All-World ex US High Dividend Yield Index, while FBTC is a Cryptocurrency fund tracking the Fidelity Bitcoin Reference Rate. Both are passively managed. Over the past year, VYMI returned 30.07% vs -44.68% for FBTC. At a 0.29 correlation, their price movements are largely independent. VYMI charges 0.07%/yr vs 0.25%/yr for FBTC.

Performance

VYMI vs. FBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard International High Dividend Yield ETF (VYMI) and Fidelity Wise Origin Bitcoin Fund (FBTC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VYMI achieves a 13.64% return, which is significantly higher than FBTC's -25.63% return.

VYMI

• 1D: -0.65%
• 1M: 0.98%
• 6M: 10.39%
• YTD: 13.64%
• 1Y: 30.07%
• 3Y*: 20.68%
• 5Y*: 13.43%
• 10Y*: 10.70%
• ALL TIME*: 11.03%

FBTC

• 1D: 1.56%
• 1M: 3.51%
• 6M: -31.89%
• YTD: -25.63%
• 1Y: -44.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VYMI vs. FBTC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
VYMI Vanguard International High Dividend Yield ETF	13.64%	38.05%	8.03%
FBTC Fidelity Wise Origin Bitcoin Fund	-25.63%	-6.56%	94.28%

Correlation

The correlation between VYMI and FBTC is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (All Time) Calculated using the full available price history since Jan 11, 2024	0.29

Return for Risk

VYMI vs. FBTC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VYMI

VYMI Risk / Return Rank: 85
VYMI Sharpe Ratio Rank: 89
VYMI Sortino Ratio Rank: 88
VYMI Omega Ratio Rank: 88
VYMI Calmar Ratio Rank: 78
VYMI Martin Ratio Rank: 81

FBTC

FBTC Risk / Return Rank: 2
FBTC Sharpe Ratio Rank: 2
FBTC Sortino Ratio Rank: 2
FBTC Omega Ratio Rank: 2
FBTC Calmar Ratio Rank: 2
FBTC Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VYMI vs. FBTC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard International High Dividend Yield ETF (VYMI) 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.

	VYMI	FBTC	Difference
Sharpe ratio: Return per unit of total volatility	2.28	-1.01	+3.29
Sortino ratio: Return per unit of downside risk	3.14	-1.50	+4.65
Omega ratio: Gain probability vs. loss probability	1.41	0.83	+0.58
Calmar ratio: Return relative to maximum drawdown	2.98	-0.84	+3.82
Martin ratio: Return relative to average drawdown	11.59	-1.34	+12.93

VYMI vs. FBTC - Sharpe Ratio Comparison

The current VYMI Sharpe Ratio is 2.28, which is higher than the FBTC Sharpe Ratio of -1.01. The chart below compares the historical Sharpe Ratios of VYMI and FBTC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

VYMI vs. FBTC - Drawdown Comparison

The maximum VYMI drawdown since its inception was -40.00%, smaller than the maximum FBTC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for VYMI and FBTC.

Drawdown Indicators

	VYMI	FBTC	Difference
Max Drawdown Largest peak-to-trough decline	-40.00%	-53.35%	+13.35%
Max Drawdown (1Y) Largest decline over 1 year	-10.14%	-53.35%	+43.21%
Max Drawdown (3Y) Largest decline over 3 years	-12.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.05%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.00%	—	—
Current Drawdown Current decline from peak	-1.14%	-48.20%	+47.06%
Average Drawdown Average peak-to-trough decline	-6.25%	-17.73%	+11.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	33.39%	-30.79%

Volatility

VYMI vs. FBTC - Volatility Comparison

The current volatility for Vanguard International High Dividend Yield ETF (VYMI) is 2.96%, while Fidelity Wise Origin Bitcoin Fund (FBTC) has a volatility of 10.58%. This indicates that VYMI experiences smaller price fluctuations and is considered to be less risky than FBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VYMI	FBTC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	10.58%	-7.62%
Volatility (6M) Calculated over the trailing 6-month period	11.33%	34.53%	-23.20%
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	44.30%	-31.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.83%	49.71%	-34.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.53%	49.71%	-33.18%

VYMI vs. FBTC - Expense Ratio Comparison

VYMI has a 0.07% expense ratio, which is lower than FBTC's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

VYMI vs. FBTC - Dividend Comparison

VYMI's dividend yield for the trailing twelve months is around 3.60%, while FBTC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
VYMI Vanguard International High Dividend Yield ETF	3.60%	3.68%	4.84%	4.58%	4.70%	4.30%	3.22%	4.20%	4.29%	3.21%	2.39%

Frequently Asked Questions

Can I hold both VYMI and FBTC in my portfolio?

VYMI and FBTC have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VYMI or FBTC?

FBTC has higher volatility (10.58%) compared to VYMI (2.96%). In terms of maximum drawdown, VYMI dropped -40.00% vs FBTC's -53.35%.

Which ETF is better, VYMI or FBTC?

On 1-year performance, VYMI leads with 30.07% vs -44.68% for FBTC. On fees, VYMI is cheaper at 0.07% per year. On volatility, VYMI has been the lower-risk option at 2.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, VYMI or FBTC?

Over the 1-year period, VYMI has performed better with a 30.07% return vs -44.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, VYMI or FBTC?

VYMI is cheaper with a 0.07% expense ratio, compared with 0.25% for FBTC.

Which ETF pays a higher dividend yield, VYMI or FBTC?

VYMI has the higher dividend yield at 3.60%, compared with 0.00% for FBTC.

What is the main difference between VYMI and FBTC?

VYMI is categorized as Dividend, while FBTC is Cryptocurrency. VYMI tracks FTSE All-World ex US High Dividend Yield Index, while FBTC tracks Fidelity Bitcoin Reference Rate. They also come from different issuers: Vanguard and Fidelity. Their fees differ too: 0.07% for VYMI and 0.25% for FBTC.

Which has better risk-adjusted returns?

VYMI currently has the higher Sharpe Ratio (2.28 vs -1.01), 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.