FBTC vs IWN

Comparison between Fidelity Wise Origin Bitcoin Fund (FBTC, ETF) and ISHARES RUSSELL 2000 VALUE ETF (IWN, ETF).

FBTC vs IWN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FBTC(ETF)	IWN(ETF)
Net Assets	$13B	$13B
Expense Ratio	0.25%	0.24%
Max Drawdown	49.33%	62.91%
Sharpe Ratio	-0.29	2.01
5Y Beta	1.27	0.97
P/E Ratio	N/A	166.44
Forward P/E	N/A	12.45
5Y Dividends CAGR	N/A	11.18%
5Y EPS CAGR	N/A	9.58%
Debt to Equity	N/A	36.26%
P/S Ratio	N/A	1.28
P/B Ratio	N/A	1.55

Net Assets

Winner

FBTC

$13B

IWN

$13B

Expense Ratio

FBTC

0.25%

Winner

IWN

0.24%

Max Drawdown

Winner

FBTC

49.33%

IWN

62.91%

Sharpe Ratio

FBTC

-0.29

Winner

IWN

2.01

5Y Beta

FBTC

1.27

Winner

IWN

0.97

P/E Ratio

FBTC

N/A

IWN

166.44

Forward P/E

FBTC

N/A

IWN

12.45

5Y Dividends CAGR

FBTC

N/A

IWN

11.18%

5Y EPS CAGR

FBTC

N/A

IWN

9.58%

Debt to Equity

FBTC

N/A

IWN

36.26%

P/S Ratio

FBTC

N/A

IWN

1.28

P/B Ratio

FBTC

N/A

IWN

1.55

FBTC vs IWN - Historical Returns

Returns include dividend reinvestment.

Period	FBTC	IWN
1 month	+12.34%	+6.65%
3 months	+13.32%	+5.60%
6 months	-22.81%	+21.42%
1 year	-21.10%	+44.45%
5 years(CAGR)	N/A	+6.86%
10 years(CAGR)	N/A	+10.49%
Max(CAGR)	+25.92%	+9.38%

Winner

FBTC

+12.34%

IWN

+6.65%

Winner

FBTC

+13.32%

IWN

+5.60%

FBTC

-22.81%

Winner

IWN

+21.42%

FBTC

-21.10%

Winner

IWN

+44.45%

5Y(CAGR)

FBTC

N/A

IWN

+6.86%

10Y(CAGR)

FBTC

N/A

IWN

+10.49%

Max(CAGR)

Winner

FBTC

+25.92%

IWN

+9.38%

FBTC vs IWN - Annual Returns (2000 - 2026)

Returns include dividend reinvestment.

Year	FBTC	IWN
2026	-10.72%	+16.05%
2025	-10.40%	+12.57%
2024	+99.56%	+8.00%
2023	N/A	+14.92%
2022	N/A	-15.78%
2021	N/A	+29.69%
2020	N/A	+4.78%
2019	N/A	+21.05%
2018	N/A	-13.73%
2017	N/A	+7.03%
2016	N/A	+34.63%
2015	N/A	-7.27%
2014	N/A	+5.30%
2013	N/A	+30.27%
2012	N/A	+15.86%
2011	N/A	-7.51%
2010	N/A	+21.53%
2009	N/A	+20.24%
2008	N/A	-27.94%
2007	N/A	-10.53%
2006	N/A	+21.09%
2005	N/A	+5.60%
2004	N/A	+20.92%
2003	N/A	+41.77%
2002	N/A	-12.06%
2001	N/A	+16.04%
2000	N/A	+13.82%

FBTC vs IWN Drawdown Comparison

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

The maximum drawdown for IWN was -61.53%, occurring on Mar 9, 2009. Recovery took 1333 trading sessions.

The current FBTC drawdown is -36.21%. The current IWN drawdown is -0.53%.

Rank	FBTC	IWN
#1	-49.33% Oct 6, 2025 - Feb 5, 2026	-61.53% Jun 4, 2007 - Sep 14, 2012
#2	-28.21% Dec 17, 2024 - May 20, 2025	-46.07% Aug 22, 2018 - Dec 15, 2020
#3	-27.42% Mar 13, 2024 - Nov 6, 2024	-34.07% May 2, 2002 - Sep 4, 2003
#4	-16.00% Jan 11, 2024 - Feb 9, 2024	-26.70% Nov 25, 2024 - Sep 18, 2025
#5	-12.01% Aug 13, 2025 - Oct 6, 2025	-25.93% Nov 8, 2021 - Jul 16, 2024
#6	-8.59% Mar 4, 2024 - Mar 8, 2024	-22.54% Jun 23, 2015 - Aug 5, 2016
#7	-8.39% Nov 22, 2024 - Dec 6, 2024	-19.41% Jun 29, 2001 - Dec 18, 2001
#8	-8.35% May 22, 2025 - Jul 9, 2025	-12.38% Jul 3, 2014 - Dec 29, 2014
#9	-5.79% Jul 14, 2025 - Aug 13, 2025	-12.02% May 9, 2006 - Oct 12, 2006
#10	-5.51% Dec 6, 2024 - Dec 13, 2024	-11.86% Jun 8, 2021 - Nov 3, 2021
#11	-2.65% Nov 13, 2024 - Nov 15, 2024	-11.37% Apr 5, 2004 - Oct 1, 2004
#12	-1.98% Feb 20, 2024 - Feb 22, 2024	-10.57% Sep 14, 2012 - Dec 20, 2012
#13	-1.78% Feb 22, 2024 - Feb 26, 2024	-10.26% Dec 28, 2004 - Jun 15, 2005
#14	-1.66% Feb 12, 2024 - Feb 14, 2024	-10.14% Aug 2, 2005 - Jan 6, 2006
#15	-0.94% Mar 11, 2024 - Mar 13, 2024	-9.85% Jul 26, 2024 - Oct 16, 2024