FBTC vs TLH
Comparison between Fidelity Wise Origin Bitcoin Fund (FBTC, ETF) and ISHARES 10-20 YEAR TREASURY BOND ETF (TLH, ETF).
FBTC vs TLH - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FBTC
$11B
TLH
$11B
Expense Ratio
FBTC
0.25%
Winner
TLH
0.15%
Max Drawdown
FBTC
53.35%
Winner
TLH
45.97%
Sharpe Ratio
FBTC
-1.25
Winner
TLH
-0.54
5Y Beta
FBTC
1.19
Winner
TLH
0.06
5Y Dividends CAGR
FBTC
N/A
TLH
1.42%
FBTC vs TLH - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FBTC
+0.06%
TLH
-1.76%
3M
FBTC
-22.00%
Winner
TLH
-2.25%
6M
FBTC
-7.10%
Winner
TLH
-4.08%
1Y
FBTC
-46.43%
Winner
TLH
-0.38%
5Y(CAGR)
FBTC
N/A
TLH
-5.05%
10Y(CAGR)
FBTC
N/A
TLH
-1.32%
Max(CAGR)
Winner
FBTC
+12.70%
TLH
+2.76%
FBTC vs TLH - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | FBTC | TLH |
|---|---|---|
| 2026 | -28.83% | -2.52% |
| 2025 | -10.40% | +6.28% |
| 2024 | +99.56% | -3.73% |
| 2023 | N/A | +2.39% |
| 2022 | N/A | -23.85% |
| 2021 | N/A | -5.33% |
| 2020 | N/A | +12.93% |
| 2019 | N/A | +9.81% |
| 2018 | N/A | +0.83% |
| 2017 | N/A | +4.08% |
| 2016 | N/A | +0.35% |
| 2015 | N/A | +0.59% |
| 2014 | N/A | +13.85% |
| 2013 | N/A | -7.64% |
| 2012 | N/A | +4.58% |
| 2011 | N/A | +22.09% |
| 2010 | N/A | +9.59% |
| 2009 | N/A | -7.01% |
| 2008 | N/A | +19.24% |
| 2007 | N/A | +9.49% |
FBTC vs TLH 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 TLH was -41.13%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The current FBTC drawdown is -49.15%. The current TLH drawdown is -31.35%.
| Rank | FBTC | TLH |
|---|---|---|
| #1 | -53.35% Oct 6, 2025 - Jun 30, 2026 | -41.13% Aug 4, 2020 - Oct 19, 2023 |
| #2 | -28.21% Dec 17, 2024 - May 20, 2025 | -14.27% Dec 30, 2008 - Jun 30, 2010 |
| #3 | -27.42% Mar 13, 2024 - Nov 6, 2024 | -11.83% Mar 9, 2020 - Jul 23, 2020 |
| #4 | -16.00% Jan 11, 2024 - Feb 9, 2024 | -11.81% Jul 24, 2012 - Oct 13, 2014 |
| #5 | -12.01% Aug 13, 2025 - Oct 6, 2025 | -11.56% Jul 8, 2016 - May 30, 2019 |
| #6 | -8.59% Mar 4, 2024 - Mar 8, 2024 | -10.72% Aug 31, 2010 - Aug 2, 2011 |
| #7 | -8.39% Nov 22, 2024 - Dec 6, 2024 | -7.30% Sep 17, 2008 - Nov 20, 2008 |
| #8 | -8.35% May 22, 2025 - Jul 9, 2025 | -6.63% Sep 22, 2011 - Dec 19, 2011 |
| #9 | -5.79% Jul 14, 2025 - Aug 13, 2025 | -6.59% Jan 30, 2015 - Jan 29, 2016 |
| #10 | -5.51% Dec 6, 2024 - Dec 13, 2024 | -6.19% Mar 20, 2008 - Sep 4, 2008 |
| #11 | -2.65% Nov 13, 2024 - Nov 15, 2024 | -5.64% Dec 19, 2011 - May 9, 2012 |
| #12 | -1.98% Feb 20, 2024 - Feb 22, 2024 | -5.62% Sep 4, 2019 - Jan 31, 2020 |
| #13 | -1.78% Feb 22, 2024 - Feb 26, 2024 | -5.52% Mar 7, 2007 - Aug 21, 2007 |
| #14 | -1.66% Feb 12, 2024 - Feb 14, 2024 | -3.87% Nov 26, 2007 - Jan 8, 2008 |
| #15 | -0.94% Mar 11, 2024 - Mar 13, 2024 | -3.47% Jan 22, 2008 - Mar 12, 2008 |
Correlation
Correlation between FBTC and TLH is 0.07 which considered as a very weak or no correlation - the stocks move independently of each other.
0.07
-101
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