FBTC vs PAVE
Comparison between Fidelity Wise Origin Bitcoin Fund (FBTC, ETF) and GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF (PAVE, ETF).
FBTC vs PAVE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FBTC
$13B
Winner
PAVE
$14B
Expense Ratio
Winner
FBTC
0.25%
PAVE
0.47%
Max Drawdown
FBTC
52.07%
Winner
PAVE
44.08%
Sharpe Ratio
FBTC
-1.03
Winner
PAVE
1.66
5Y Beta
FBTC
1.28
Winner
PAVE
1.07
P/E Ratio
FBTC
N/A
PAVE
36.97
Forward P/E
FBTC
N/A
PAVE
23.76
PEG Ratio
FBTC
N/A
PAVE
-0.22
5Y Dividends CAGR
FBTC
N/A
PAVE
31.45%
5Y EPS CAGR
FBTC
N/A
PAVE
16.81%
Debt to Equity
FBTC
N/A
PAVE
39.93%
FBTC vs PAVE - Historical Returns
Returns include dividend reinvestment.
1M
FBTC
-18.09%
Winner
PAVE
+7.02%
3M
FBTC
-11.50%
Winner
PAVE
+16.40%
6M
FBTC
-25.74%
Winner
PAVE
+22.07%
1Y
FBTC
-39.57%
Winner
PAVE
+40.50%
5Y(CAGR)
FBTC
N/A
PAVE
+19.69%
10Y(CAGR)
FBTC
N/A
PAVE
+16.76%
Max(CAGR)
FBTC
+12.77%
Winner
PAVE
+16.76%
FBTC vs PAVE - Annual Returns (2017 - 2026)
Returns include dividend reinvestment.
| Year | FBTC | PAVE |
|---|---|---|
| 2026 | -29.95% | +19.88% |
| 2025 | -10.40% | +19.84% |
| 2024 | +99.56% | +19.14% |
| 2023 | N/A | +30.96% |
| 2022 | N/A | -6.23% |
| 2021 | N/A | +38.38% |
| 2020 | N/A | +19.91% |
| 2019 | N/A | +32.56% |
| 2018 | N/A | -20.25% |
| 2017 | N/A | +14.10% |
FBTC vs PAVE Drawdown Comparison
The maximum drawdown for FBTC was -52.07%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for PAVE was -44.08%, occurring on Mar 23, 2020. Recovery took 182 trading sessions.
The current FBTC drawdown is -49.95%.
| Rank | FBTC | PAVE |
|---|---|---|
| #1 | -52.07% Oct 6, 2025 - Jun 5, 2026 | -44.08% Jan 17, 2020 - Oct 7, 2020 |
| #2 | -28.21% Dec 17, 2024 - May 20, 2025 | -27.83% Jan 26, 2018 - Nov 26, 2019 |
| #3 | -27.42% Mar 13, 2024 - Nov 6, 2024 | -26.23% Nov 25, 2024 - Jul 23, 2025 |
| #4 | -16.00% Jan 11, 2024 - Feb 9, 2024 | -22.61% Jan 4, 2022 - Jan 31, 2023 |
| #5 | -12.01% Aug 13, 2025 - Oct 6, 2025 | -13.34% Sep 1, 2023 - Dec 13, 2023 |
| #6 | -8.59% Mar 4, 2024 - Mar 8, 2024 | -11.91% Feb 24, 2026 - Apr 23, 2026 |
| #7 | -8.39% Nov 22, 2024 - Dec 6, 2024 | -11.65% Mar 3, 2023 - Jun 15, 2023 |
| #8 | -8.35% May 22, 2025 - Jul 9, 2025 | -10.11% Jan 12, 2021 - Feb 24, 2021 |
| #9 | -5.79% Jul 14, 2025 - Aug 13, 2025 | -9.09% May 7, 2021 - Aug 11, 2021 |
| #10 | -5.51% Dec 6, 2024 - Dec 13, 2024 | -8.63% Jul 31, 2024 - Sep 19, 2024 |
| #11 | -2.65% Nov 13, 2024 - Nov 15, 2024 | -8.51% Aug 12, 2021 - Oct 25, 2021 |
| #12 | -1.98% Feb 20, 2024 - Feb 22, 2024 | -8.39% Mar 28, 2024 - Jul 16, 2024 |
| #13 | -1.78% Feb 22, 2024 - Feb 26, 2024 | -7.85% May 6, 2026 - Jun 16, 2026 |
| #14 | -1.66% Feb 12, 2024 - Feb 14, 2024 | -7.53% Mar 15, 2017 - Sep 19, 2017 |
| #15 | -0.94% Mar 11, 2024 - Mar 13, 2024 | -7.45% Nov 23, 2021 - Jan 4, 2022 |
Correlation
Correlation between FBTC and PAVE is 0.18 which considered as a very weak or no correlation - the stocks move independently of each other.
0.18
-101
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