Compare/Updated Oct 26, 2026, refreshed every trading day
IBIT vs FBTC
iShares Bitcoin Trust ETF against Fidelity Wise Origin Bitcoin Fund: 3 years of returns, risk and today’s technical read, from Kavout’s own data.
FBTC did marginally better over the 699 trading days: $1,000 grew to $1,727 versus $1,726 for IBIT, a 72.7% versus 72.6% return. The difference is negligible: both had identical 3-month, 6-month, YTD, and 1-year returns, while IBIT led in 18 of the last 33 months and FBTC led in 15, with a typical monthly gap of just 0.09 percentage points. Their daily moves were perfectly correlated at 1.000. Risk was also nearly identical: 12-month volatility was 44.9% for FBTC versus 45.0% for IBIT, and both experienced a worst drawdown of 53.3% from October 6, 2025 to June 30, 2026. With identical 0.25% expense ratios, the choice is effectively tied; IBIT’s larger $66B asset base may matter for scale, while FBTC’s $15B fund delivered the slightly higher result.
- Price is above its 200-day average ($42); 50-day at $45.
- RSI 48, neutral. Supertrend says buy. ADX 19, so the trend is weak.
- Price is above its 200-day average ($64); 50-day at $69.
- RSI 48, neutral. Supertrend says buy. ADX 19, so the trend is weak.
Head to head
Which has returned more, IBIT or FBTC?
IBIT beat FBTC in 18 of the last 33 months; FBTC won the other 15. The typical monthly gap was 0.09 points.
Total return by period
Which is riskier?
Both: Oct 6, 2025 to Jun 30, 2026
- 1.000
- correlation of daily moves, 3 years
- 1.00
- IBIT move per 1% in FBTC
- 1.000
- correlation, last 12 months
Month by month
Of the last 33 months. The typical gap was 0.09 points.
When did they diverge?
| Month | IBIT | FBTC | Gap |
|---|---|---|---|
| May 2024 | +14.8% | +14.4% | +0.46 pts |
| April 2024 | -17.1% | -16.7% | -0.32 pts |
| November 2024 | +38.8% | +39.0% | -0.25 pts |
| March 2025 | -2.3% | -2.1% | -0.19 pts |
Where the numbers come from. 699 daily adjusted closes per fund from the Kavout market-data API, dividends included. Signals and indicators are Kavout’s own, refreshed nightly. Every figure is calculated from those adjusted closes.
Holdings and fees
What do you actually own with IBIT and FBTC?
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