Data as of Sep 21, 2026.
FBTC vs GOVT: how they differ
FBTC is a spot crypto ETP and GOVT a bond index fund, and over the year GOVT returned more, −0.7% against −31.0%.
Fidelity Wise Origin Bitcoin Fund and iShares U.S. Treasury Bond ETF.
| FBTC Fidelity Wise Origin Bitcoin Fund | GOVT iShares U.S. Treasury Bond ETF | |
|---|---|---|
| Where it sits | Core fund | Core fund |
| Issuer | Fidelity | iShares |
| What it is | Holds bitcoin | Tracks an index of U.S. Treasury Bond |
| Total return, 1 year | −31.0% | −0.7% |
| S&P 500 over the same days | +16.6% | +16.6% |
| Gap to the S&P 500 | −47.6 pts | −17.3 pts |
| Expense ratio | 0.25% | 0.05% |
| Holdings | not filed | 220 |
| Net assets | $13.9bn | $41.6bn |
FBTC in plain words
FBTC holds bitcoin. Over the year to Sep 18, 2026 it returned −31.0% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.25% a year. It sat 35.4% below its high of Oct 6, 2025 on Sep 18, 2026.
GOVT in plain words
GOVT tracks an index of U.S. Treasury Bond. Over the year to Sep 18, 2026 it returned −0.7% with distributions reinvested, against +16.6% for the S&P 500 and +21.8% for the Nasdaq-100. The prospectus expense ratio is 0.05% a year. It sat 8.5% below its high of Aug 4, 2020 on Sep 18, 2026.
Questions people ask
- Which returned more over the last year, FBTC or GOVT?
- In the year to Sep 21, 2026, with distributions reinvested, FBTC returned −31.0% and GOVT returned −0.7%, so GOVT returned more.
- Which is cheaper, FBTC or GOVT?
- FBTC charges 0.25% a year and GOVT charges 0.05%, so GOVT is cheaper. Fees come from each fund's prospectus.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, FBTC against GOVT, data as of Sep 21, 2026. https://etfiq.com/compare/any/fbtc-vs-govt Free to use with attribution; the underlying files are at Open data.
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