Fidelity Wise Origin Bitcoin Trust

10-Year Study

FBTC.US · · US · ETF

Executive Summary: Fidelity Wise Origin Bitcoin Trust has compounded at 28.7% annually over the last 10 years, with a maximum drawdown of 43.9% and an annualized volatility of 53.6%.

1Y CAGR
-30.3%
3Y CAGR
+28.7%
5Y CAGR
+28.7%
10Y CAGR
+28.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
43.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.77
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.77
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
54.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +-6.6%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -13.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
0%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-4.2-21.73.311.2————————-13.9%
20258.7-17.1-2.114.211.22.98.4-7.35.7-4.1-17.4-3.6-6.6%
2024—45.914.2-16.714.4-11.38.8-10.28.410.039.0-3.9119.1%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 53.6%. The dominant macroeconomic risk driver is BTC-USD.CC, accounting for 79.6% of variance. Idiosyncratic stock-specific factors contribute 0.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2024-01-0110000
2024-02-0114589.151450053703
2024-03-0116664.876476906553
2024-04-0113877.551020408164
2024-05-0115872.717508055854
2024-06-0114087.003222341567
2024-07-0115322.234156820623
2024-08-0113756.713211600429
2024-09-0114911.385606874328
2024-10-0116399.03329752954
2024-11-0122800.751879699244
2024-12-0121906.55209452202
2025-01-0123802.36305048335
2025-02-0119736.842105263157
2025-03-0119325.99355531686
2025-04-0122067.66917293233
2025-05-0124538.13104189044
2025-06-0125238.990332975292
2025-07-0127346.938775510203
2025-08-0125346.40171858217
2025-09-0126801.825993555318
2025-10-0125695.48872180451
2025-11-0121235.230934479056
2025-12-0120469.924812030076
2026-01-0119607.948442534907
2026-02-0115346.401718582169
2026-03-0115851.235230934479
2026-04-0117623.523093447904
Annual Return Matrix
YearAnnual Return
2025-0.06557979897033583
2026-0.13905286632559366
Total Factor Risk
0.5360248179364293
VTI.US Exposure
-0.08516315997826403
VEA.US Exposure
-0.013072340333801514
VWO.US Exposure
0.013643202676940566
QQQ.US Exposure
0.04940124534777498
VTV.US Exposure
0.07976904297768661
IJR.US Exposure
-0.016925940532185192
QUAL.US Exposure
-0.04045514923544294
SHV.US Exposure
0.013891185238566287
TLT.US Exposure
-0.012399249891952312
LQD.US Exposure
0.13728838279548417
HYG.US Exposure
-0.013180693556572065
GLD.US Exposure
0.0028836338946084507
USO.US Exposure
0.00038154399802609057
VNQ.US Exposure
0.002220250852459017
BTC-USD.CC Exposure
0.7957398644972465
CPER.US Exposure
0.00199184567498677
VIX.INDX Exposure
0.019658173993294423
UUP.US Exposure
0.0011240258001008572
TIP.US Exposure
0.05381413514367556
Idiosyncratic Exposure
0.009390000637367732
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
53.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+8.3%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-21.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
40.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Fidelity Wise Origin Bitcoin Trust a high-risk investment?

Fidelity Wise Origin Bitcoin Trust (FBTC.US) has an annualized volatility of 53.6% and experienced a maximum drawdown of 43.9% over the last 10 years. Its primary macro risk driver is BTC-USD.CC.

What is the 10-year return of FBTC.US?

Over the past 10 years, FBTC.US has generated a Compound Annual Growth Rate (CAGR) of 28.7%. It has had a positive return in 0% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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