Compare essential details between Bitcoin ProFund Investor (BTCFX) and Fidelity Wise Origin Bitcoin Trust (FBTC) to determine the better fit for your portfolio. This guide analyzes performance, fees, risk, and other critical factors.
Overview
- BTCFX: Actively managed by ProFunds, launched on July 28, 2021.
- FBTC: Passively tracks the CME CF Bitcoin Reference Rate, launched January 11, 2024.
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Performance Analysis
Hypothetical $10,000 Investment Growth
The chart below compares the adjusted performance of BTCFX and FBTC, including dividends (if applicable).
| Metric | BTCFX | FBTC |
|---|---|---|
| YTD Return | 11.87% | 12.71% |
| 1-Month | 2.51% | 0.62% |
| 1-Year | 58.92% | 66.34% |
| 3-Year CAGR* | 66.57% | N/A |
*Annualized compound growth rate.
Key Characteristics
Expense Ratios
- BTCFX: 1.41%
- FBTC: 0.25%
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Risk-Adjusted Metrics
| Risk Metric | BTCFX | FBTC |
|---|---|---|
| Sharpe Ratio | 1.28 | 1.28 |
| Max Drawdown | -77.89% | -28.21% |
| Volatility (1M) | 9.29% | 9.43% |
Correlation: 0.37 (low, beneficial for diversification).
Dividends & Drawdowns
- BTCFX: 21.07% trailing dividend yield.
- FBTC: No dividends paid.
Maximum Drawdowns:
- BTCFX: -77.89%
- FBTC: -28.21%
FAQ
1. Which fund has lower fees?
FBTC offers a significantly lower expense ratio (0.25%) compared to BTCFX (1.41%).
2. Is FBTC less volatile than BTCFX?
Both funds show nearly identical volatility (~9.3%).
3. How do their long-term returns compare?
BTCFX has a 3-year CAGR of 66.57%, while FBTC lacks long-term data.
4. Which is better for dividend income?
BTCFX provides dividends (21.07% yield), whereas FBTC does not.
5. Are these funds highly correlated?
No (0.37 correlation), making them suitable for diversification.
Final Recommendation
Choose FBTC for lower costs and passive Bitcoin exposure, or BTCFX for active management with dividend income.