CETH vs. FETH

Last updated Apr 1, 2026

Compare and contrast key facts about 21shares Core Ethereum ETF (CETH) and Fidelity Ethereum Fund (FETH).

CETH and FETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CETH is a passively managed fund by 21Shares that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Jul 22, 2024. FETH is a passively managed fund by Fidelity that tracks the performance of the Fidelity Ethereum Reference Rate Index. It was launched on Jul 22, 2024. Both CETH and FETH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

CETH vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21shares Core Ethereum ETF (CETH) and Fidelity Ethereum Fund (FETH). The values are adjusted to include any dividend payments, if applicable.

CETH vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%
FETH Fidelity Ethereum Fund	-29.48%	-11.37%	-3.61%

Returns By Period

CETH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FETH

• 1D: 3.67%
• 1M: 8.89%
• YTD: -29.48%
• 6M: -49.75%
• 1Y: 14.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CETH vs. FETH - Expense Ratio Comparison

CETH has a 0.21% expense ratio, which is higher than FETH's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

CETH

21shares Core Ethereum ETF

FETH

Fidelity Ethereum Fund

Return for Risk

CETH vs. FETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FETH

FETH Risk / Return Rank: 21
FETH Sharpe Ratio Rank: 18
FETH Sortino Ratio Rank: 31
FETH Omega Ratio Rank: 26
FETH Calmar Ratio Rank: 17
FETH Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CETH vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21shares Core Ethereum ETF (CETH) and Fidelity Ethereum Fund (FETH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CETH	FETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.35	—

Dividends

CETH vs. FETH - Dividend Comparison

Neither CETH nor FETH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

Volatility

Volatility by Period

	CETH	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.25%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	75.83%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	74.85%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	74.85%	—