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 -44.63% vs 32.95% for FTEC. A 0.51 correlation means they provide meaningful diversification when combined.
Performance
CRWV vs. FTEC - Performance Comparison
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Returns By Period
In the year-to-date period, CRWV achieves a 2.23% return, which is significantly lower than FTEC's 20.48% return.
CRWV
- 1D
- 0.41%
- 1M
- -36.46%
- 6M
- -27.68%
- YTD
- 2.23%
- 1Y
- -44.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC
- 1D
- -0.98%
- 1M
- -3.15%
- 6M
- 19.63%
- YTD
- 20.48%
- 1Y
- 32.95%
- 3Y*
- 26.50%
- 5Y*
- 18.63%
- 10Y*
- 24.13%
CRWV vs. FTEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRWV CoreWeave, Inc. | 2.23% | 83.62% |
FTEC Fidelity MSCI Information Technology Index ETF | 20.48% | 36.00% |
Correlation
The correlation between CRWV and FTEC is 0.54, 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 | 0.54 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.51 |
The correlation between CRWV and FTEC has been stable across timeframes, ranging from 0.51 to 0.54 - 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 | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.13 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.24 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.04 | -2.83 |
| Martin ratioReturn relative to average drawdown | -1.29 | 5.83 | -7.13 |
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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 | -56.61% | -16.26% | -40.35% |
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 | -60.12% | -10.02% | -50.10% |
Average DrawdownAverage peak-to-trough decline | -38.04% | -5.58% | -32.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.57% | 5.66% | +28.91% |
Volatility
CRWV vs. FTEC - Volatility Comparison
CoreWeave, Inc. (CRWV) has a higher volatility of 22.06% compared to Fidelity MSCI Information Technology Index ETF (FTEC) at 8.38%. 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 | 22.06% | 8.38% | +13.68% |
Volatility (6M)Calculated over the trailing 6-month period | 65.54% | 19.53% | +46.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 94.24% | 23.53% | +70.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 112.18% | 25.74% | +86.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 112.18% | 24.90% | +87.28% |
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 0.37%.
| 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 | 0.37% | 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 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRWV has higher volatility (22.06%) compared to FTEC (8.38%). In terms of maximum drawdown, CRWV dropped -64.84% vs FTEC's -34.95%.
FTEC currently has the higher Sharpe Ratio (1.41 vs -0.48), 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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