FBTC vs PAAA
Comparison between Fidelity Wise Origin Bitcoin Fund (FBTC, ETF) and PGIM AAA CLO ETF (PAAA, ETF).
FBTC vs PAAA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FBTC
$10B
PAAA
$10B
Expense Ratio
FBTC
0.25%
Winner
PAAA
0.19%
Max Drawdown
FBTC
53.35%
Winner
PAAA
1.81%
Sharpe Ratio
FBTC
-1.21
Winner
PAAA
2.38
5Y Beta
FBTC
1.28
Winner
PAAA
0.03
FBTC vs PAAA - Historical Returns
Returns include dividend reinvestment.
1M
FBTC
-2.10%
Winner
PAAA
+0.38%
3M
FBTC
-14.78%
Winner
PAAA
+1.23%
6M
FBTC
-32.80%
Winner
PAAA
+2.19%
1Y
FBTC
-46.29%
Winner
PAAA
+5.02%
Max(CAGR)
Winner
FBTC
+13.30%
PAAA
+6.49%
FBTC vs PAAA - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | FBTC | PAAA |
|---|---|---|
| 2026 | -28.47% | +2.48% |
| 2025 | -10.40% | +5.35% |
| 2024 | +99.56% | +7.42% |
| 2023 | N/A | +3.82% |
FBTC vs PAAA Drawdown Comparison
The maximum drawdown for FBTC was -53.35%, occurring on Jun 30, 2026. This drawdown has not yet recovered.
The maximum drawdown for PAAA was -1.04%, occurring on Apr 10, 2025. Recovery took 17 trading sessions.
The current FBTC drawdown is -48.89%.
| Rank | FBTC | PAAA |
|---|---|---|
| #1 | -53.35% Oct 6, 2025 - Jun 30, 2026 | -1.04% Apr 1, 2025 - Apr 25, 2025 |
| #2 | -28.21% Dec 17, 2024 - May 20, 2025 | -0.27% Feb 7, 2024 - Feb 22, 2024 |
| #3 | -27.42% Mar 13, 2024 - Nov 6, 2024 | -0.25% Mar 3, 2025 - Mar 27, 2025 |
| #4 | -16.00% Jan 11, 2024 - Feb 9, 2024 | -0.17% Feb 26, 2026 - Mar 17, 2026 |
| #5 | -12.01% Aug 13, 2025 - Oct 6, 2025 | -0.17% Nov 24, 2023 - Nov 29, 2023 |
| #6 | -8.59% Mar 4, 2024 - Mar 8, 2024 | -0.16% Mar 27, 2025 - Apr 1, 2025 |
| #7 | -8.39% Nov 22, 2024 - Dec 6, 2024 | -0.12% Oct 14, 2025 - Oct 20, 2025 |
| #8 | -8.35% May 22, 2025 - Jul 9, 2025 | -0.09% Mar 5, 2024 - Mar 13, 2024 |
| #9 | -5.79% Jul 14, 2025 - Aug 13, 2025 | -0.08% Aug 9, 2024 - Aug 14, 2024 |
| #10 | -5.51% Dec 6, 2024 - Dec 13, 2024 | -0.08% Feb 20, 2025 - Feb 26, 2025 |
| #11 | -2.65% Nov 13, 2024 - Nov 15, 2024 | -0.06% May 2, 2025 - May 8, 2025 |
| #12 | -1.98% Feb 20, 2024 - Feb 22, 2024 | -0.06% May 8, 2025 - May 12, 2025 |
| #13 | -1.78% Feb 22, 2024 - Feb 26, 2024 | -0.06% Nov 12, 2024 - Nov 15, 2024 |
| #14 | -1.66% Feb 12, 2024 - Feb 14, 2024 | -0.06% Nov 15, 2024 - Nov 21, 2024 |
| #15 | -0.94% Mar 11, 2024 - Mar 13, 2024 | -0.05% Jan 23, 2024 - Jan 29, 2024 |
Correlation
Correlation between FBTC and PAAA is 0.35 which considered as a weak positive correlation - the stocks show a slight tendency to move together.
0.35
-101
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