ETHA vs. FETH
ETHA (iShares Ethereum Trust ETF) and FETH (Fidelity Ethereum Fund) are both Cryptocurrency funds - ETHA tracks the CME CF Ether Dollar Reference Rate - New York Variant while FETH tracks the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, ETHA returned -28.52% vs -28.37% for FETH. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.
Performance
ETHA vs. FETH - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ETHA having a -41.77% return and FETH slightly higher at -41.68%.
ETHA
- 1D
- 1.40%
- 1M
- -16.12%
- YTD
- -41.77%
- 6M
- -41.90%
- 1Y
- -28.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FETH
- 1D
- 1.65%
- 1M
- -15.96%
- YTD
- -41.68%
- 6M
- -41.81%
- 1Y
- -28.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA vs. FETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -41.77% | -11.31% | -4.89% |
FETH Fidelity Ethereum Fund | -41.68% | -11.37% | -4.68% |
Correlation
The correlation between ETHA and FETH is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 1.00 |
The correlation between ETHA and FETH has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETHA vs. FETH — Risk / Return Rank
ETHA
FETH
ETHA vs. FETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) 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.
| ETHA | FETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.98 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.42 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.71 | -0.71 | -0.01 |
Loading charts...
Drawdowns
ETHA vs. FETH - Drawdown Comparison
The maximum ETHA drawdown since its inception was -67.56%, roughly equal to the maximum FETH drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for ETHA and FETH.
Loading charts...
Drawdown Indicators
| ETHA | FETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.56% | -67.57% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -67.56% | -67.57% | +0.01% |
Current DrawdownCurrent decline from peak | -64.31% | -64.32% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -33.57% | -33.62% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.19% | 40.27% | -0.08% |
Volatility
ETHA vs. FETH - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) and Fidelity Ethereum Fund (FETH) have volatilities of 19.68% and 19.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETHA | FETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.68% | 19.56% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 46.99% | 46.74% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.34% | 69.17% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.67% | 72.40% | +0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.67% | 72.40% | +0.27% |
ETHA vs. FETH - Expense Ratio Comparison
Both ETHA and FETH have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ETHA vs. FETH - Dividend Comparison
Neither ETHA nor FETH has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, ETHA and FETH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
ETHA has higher volatility (19.68%) compared to FETH (19.56%). In terms of maximum drawdown, ETHA dropped -67.56% vs FETH's -67.57%.
On 1-year performance, FETH leads with -28.37% vs -28.52% for ETHA. Both ETFs have the same 0.25% expense ratio. On volatility, FETH has been the lower-risk option at 19.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FETH has performed better with a -28.37% return vs -28.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETHA and FETH have the same expense ratio: 0.25% per year.
ETHA and FETH have nearly identical dividend yields, around 0.00%.
ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while FETH tracks Fidelity Ethereum Reference Rate Index. They also come from different issuers: iShares and Fidelity.
FETH currently has the higher Sharpe Ratio (-0.41 vs -0.41), 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.
Find the right allocation for ETHA and FETH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer