CRWV vs. FTEC
CRWV (CoreWeave, Inc.) is a stock, while FTEC (Fidelity MSCI Information Technology Index ETF) is Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index. Over the past year, CRWV returned -41.56% vs 43.89% for FTEC. At a 0.50 correlation, their price movements are largely independent.
Performance
CRWV vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, CRWV achieves a 40.87% return, which is significantly higher than FTEC's 22.66% return.
CRWV
- 1D
- -4.58%
- 1M
- -4.37%
- YTD
- 40.87%
- 6M
- 27.91%
- 1Y
- -41.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC
- 1D
- -0.73%
- 1M
- -0.38%
- YTD
- 22.66%
- 6M
- 20.59%
- 1Y
- 43.89%
- 3Y*
- 30.26%
- 5Y*
- 19.62%
- 10Y*
- 25.18%
CRWV vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWV CoreWeave, Inc. | 40.87% | 83.62% |
FTEC Fidelity MSCI Information Technology Index ETF | 22.66% | 36.00% |
Correlation
The correlation between CRWV and FTEC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.50 |
The correlation between CRWV and FTEC has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.
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Return for Risk
CRWV vs. FTEC — Risk / Return Rank
CRWV
FTEC
CRWV vs. FTEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoreWeave, Inc. (CRWV) and Fidelity MSCI Information Technology Index ETF (FTEC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRWV | FTEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.62 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.33 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.71 | -3.40 |
| Martin ratioReturn relative to average drawdown | -1.07 | 8.29 | -9.35 |
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Drawdowns
CRWV vs. FTEC - Drawdown Comparison
The maximum CRWV drawdown since its inception was -64.84%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for CRWV and FTEC.
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Drawdown Indicators
| CRWV | FTEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.84% | -34.95% | -29.89% |
Max Drawdown (1Y)Largest decline over 1 year | -60.93% | -16.26% | -44.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -34.95% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.95% | — |
Current DrawdownCurrent decline from peak | -45.05% | -8.39% | -36.66% |
Average DrawdownAverage peak-to-trough decline | -37.27% | -5.57% | -31.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.40% | 5.31% | +36.09% |
Volatility
CRWV vs. FTEC - Volatility Comparison
CoreWeave, Inc. (CRWV) has a higher volatility of 24.70% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 11.39%. This indicates that CRWV's price experiences larger fluctuations and is considered to be riskier than FTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CRWV | FTEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.70% | 11.39% | +13.31% |
Volatility (6M)Calculated over the trailing 6-month period | 64.50% | 18.57% | +45.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.27% | 22.79% | +71.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.33% | 25.60% | +87.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 113.33% | 24.86% | +88.47% |
Dividends
CRWV vs. FTEC - Dividend Comparison
CRWV has not paid dividends to shareholders, while FTEC's dividend yield for the trailing twelve months is around 0.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRWV CoreWeave, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.36% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Frequently Asked Questions
CRWV and FTEC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (24.70%) compared to FTEC (11.39%). In terms of maximum drawdown, CRWV dropped -64.84% vs FTEC's -34.95%.
FTEC currently has the higher Sharpe Ratio (1.94 vs -0.44), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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