ETH-USD vs. FETH
ETH-USD (Ethereum) is a cryptocurrency, while FETH (Fidelity Ethereum Fund) is Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Over the past year, ETH-USD returned -33.44% vs -32.96% for FETH. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. FETH - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETH-USD having a -46.04% return and FETH slightly higher at -45.66%.
ETH-USD
- 1D
- 2.00%
- 1M
- -20.11%
- YTD
- -46.04%
- 6M
- -46.04%
- 1Y
- -33.44%
- 3Y*
- -6.16%
- 5Y*
- -5.78%
- 10Y*
- 63.10%
FETH
- 1D
- 2.22%
- 1M
- -19.35%
- YTD
- -45.66%
- 6M
- -45.66%
- 1Y
- -32.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. FETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH-USD Ethereum | -46.04% | -10.91% | -3.22% |
FETH Fidelity Ethereum Fund | -45.66% | -11.37% | -4.68% |
Correlation
The correlation between ETH-USD and FETH is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.69 |
The correlation between ETH-USD and FETH has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. FETH — Risk / Return Rank
ETH-USD
FETH
ETH-USD vs. FETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) 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.
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.
| ETH-USD | FETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.96 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | -0.49 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.80 | -0.79 | -0.01 |
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Drawdowns
ETH-USD vs. FETH - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than FETH's maximum drawdown of -67.94%. Use the drawdown chart below to compare losses from any high point for ETH-USD and FETH.
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Drawdown Indicators
| ETH-USD | FETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -67.94% | -26.07% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -67.94% | +0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -66.86% | -66.76% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -50.96% | -34.10% | -16.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.59% | 41.79% | +0.80% |
Volatility
ETH-USD vs. FETH - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 18.92%, while Fidelity Ethereum Fund (FETH) has a volatility of 20.78%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than FETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | FETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.92% | 20.78% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 46.54% | 46.73% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.77% | 69.03% | -13.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.88% | 72.11% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.96% | 72.11% | +4.85% |
Frequently Asked Questions
ETH-USD and FETH have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FETH has higher volatility (20.78%) compared to ETH-USD (18.92%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs FETH's -67.94%.
FETH currently has the higher Sharpe Ratio (-0.48 vs -0.50), 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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