DFAT vs FBTC

Comparison between DIMENSIONAL U.S. TARGETED VALUE ETF (DFAT, ETF) and Fidelity Wise Origin Bitcoin Fund (FBTC, ETF).

DFAT vs FBTC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DFAT(ETF)	FBTC(ETF)
Net Assets	$13B	$13B
Expense Ratio	0.28%	0.25%
Max Drawdown	26.61%	49.33%
Sharpe Ratio	1.67	-0.29
5Y Beta	0.96	1.27
P/E Ratio	42.26	N/A
Forward P/E	11.66	N/A
5Y EPS CAGR	9.58%	N/A
Debt to Equity	124.90%	N/A
P/S Ratio	0.87	N/A
P/B Ratio	1.40	N/A

Net Assets

DFAT

$13B

FBTC

$13B

Expense Ratio

DFAT

0.28%

Winner

FBTC

0.25%

Max Drawdown

Winner

DFAT

26.61%

FBTC

49.33%

Sharpe Ratio

Winner

DFAT

1.67

FBTC

-0.29

5Y Beta

Winner

DFAT

0.96

FBTC

1.27

P/E Ratio

DFAT

42.26

FBTC

N/A

Forward P/E

DFAT

11.66

FBTC

N/A

5Y EPS CAGR

DFAT

9.58%

FBTC

N/A

Debt to Equity

DFAT

124.90%

FBTC

N/A

P/S Ratio

DFAT

0.87

FBTC

N/A

P/B Ratio

DFAT

1.40

FBTC

N/A

DFAT vs FBTC - Historical Returns

Returns include dividend reinvestment.

Period	DFAT	FBTC
1 month	+3.96%	+12.34%
3 months	+1.27%	+13.32%
6 months	+18.81%	-22.81%
1 year	+33.76%	-21.10%
5 years(CAGR)	+9.82%	N/A
Max(CAGR)	+9.82%	+25.92%

DFAT

+3.96%

Winner

FBTC

+12.34%

DFAT

+1.27%

Winner

FBTC

+13.32%

Winner

DFAT

+18.81%

FBTC

-22.81%

Winner

DFAT

+33.76%

FBTC

-21.10%

5Y(CAGR)

DFAT

+9.82%

FBTC

N/A

Max(CAGR)

DFAT

+9.82%

Winner

FBTC

+25.92%

DFAT vs FBTC - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	DFAT	FBTC
2026	+12.40%	-10.72%
2025	+8.95%	-10.40%
2024	+8.30%	+99.56%
2023	+21.45%	N/A
2022	-6.99%	N/A
2021	+5.08%	N/A

DFAT vs FBTC Drawdown Comparison

The maximum drawdown for DFAT was -26.11%, occurring on Apr 8, 2025. Recovery took 260 trading sessions.

The maximum drawdown for FBTC was -49.33%, occurring on Feb 5, 2026. This drawdown has not yet recovered.

The current DFAT drawdown is -0.55%. The current FBTC drawdown is -36.21%.

Rank	DFAT	FBTC
#1	-26.11% Nov 25, 2024 - Dec 10, 2025	-49.33% Oct 6, 2025 - Feb 5, 2026
#2	-20.00% Nov 16, 2021 - Feb 1, 2023	-28.21% Dec 17, 2024 - May 20, 2025
#3	-16.46% Feb 2, 2023 - Jul 31, 2023	-27.42% Mar 13, 2024 - Nov 6, 2024
#4	-13.76% Jul 31, 2023 - Dec 13, 2023	-16.00% Jan 11, 2024 - Feb 9, 2024
#5	-9.76% Jul 31, 2024 - Nov 6, 2024	-12.01% Aug 13, 2025 - Oct 6, 2025
#6	-9.55% Feb 6, 2026 - Apr 20, 2026	-8.59% Mar 4, 2024 - Mar 8, 2024
#7	-9.26% Jun 15, 2021 - Oct 7, 2021	-8.39% Nov 22, 2024 - Dec 6, 2024
#8	-7.81% Mar 28, 2024 - May 15, 2024	-8.35% May 22, 2025 - Jul 9, 2025
#9	-6.86% Dec 27, 2023 - Mar 21, 2024	-5.79% Jul 14, 2025 - Aug 13, 2025
#10	-6.33% May 15, 2024 - Jul 15, 2024	-5.51% Dec 6, 2024 - Dec 13, 2024
#11	-3.41% Nov 11, 2024 - Nov 22, 2024	-2.65% Nov 13, 2024 - Nov 15, 2024
#12	-3.33% Oct 25, 2021 - Nov 1, 2021	-1.98% Feb 20, 2024 - Feb 22, 2024
#13	-2.83% Dec 11, 2025 - Jan 6, 2026	-1.78% Feb 22, 2024 - Feb 26, 2024
#14	-2.73% Jul 16, 2024 - Jul 26, 2024	-1.66% Feb 12, 2024 - Feb 14, 2024
#15	-1.91% Jan 22, 2026 - Feb 3, 2026	-0.94% Mar 11, 2024 - Mar 13, 2024