ETHB vs. FETH

Last updated Jul 12, 2026

ETHB (iShares Staked Ethereum Trust ETF) and FETH (Fidelity Ethereum Fund) are both Cryptocurrency funds - ETHB tracks the CME CF Ether Dollar Reference Rate - New York Variant while FETH tracks the Fidelity Ethereum Reference Rate Index. Both are passively managed. With a 1.00 correlation, they move nearly in lockstep. Both charge a 0.25% expense ratio.

Performance

ETHB vs. FETH - Performance Comparison

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

Returns By Period

ETHB

• 1D: 2.63%
• 1M: 6.67%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FETH

• 1D: 2.64%
• 1M: 6.63%
• 6M: -41.69%
• YTD: -39.68%
• 1Y: -40.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHB vs. FETH - Yearly Performance Comparison

	2026 (YTD)
ETHB iShares Staked Ethereum Trust ETF	-12.83%
FETH Fidelity Ethereum Fund	-13.80%

Correlation

The correlation between ETHB 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 (All Time) Calculated using the full available price history since Mar 12, 2026	1.00

Return for Risk

ETHB vs. FETH — Risk / Return Rank

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

ETHB

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

FETH

FETH Risk / Return Rank: 5
FETH Sharpe Ratio Rank: 5
FETH Sortino Ratio Rank: 6
FETH Omega Ratio Rank: 6
FETH Calmar Ratio Rank: 5
FETH Martin Ratio Rank: 5

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.

ETHB vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Staked Ethereum Trust ETF (ETHB) 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.

	ETHB	FETH	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.54	—
Sortino ratio: Return per unit of downside risk	—	-0.46	—
Omega ratio: Gain probability vs. loss probability	—	0.95	—
Calmar ratio: Return relative to maximum drawdown	—	-0.54	—
Martin ratio: Return relative to average drawdown	—	-0.85	—

Drawdowns

ETHB vs. FETH - Drawdown Comparison

The maximum ETHB drawdown since its inception was -35.92%, smaller than the maximum FETH drawdown of -67.94%. Use the drawdown chart below to compare losses from any high point for ETHB and FETH.

Drawdown Indicators

	ETHB	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-35.92%	-67.94%	+32.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-67.94%	—
Current Drawdown Current decline from peak	-26.18%	-63.10%	+36.92%
Average Drawdown Average peak-to-trough decline	-14.61%	-34.46%	+19.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	42.94%	—

Volatility

Volatility by Period

	ETHB	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	54.01%	68.54%	-14.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.01%	71.93%	-17.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.01%	71.93%	-17.92%

ETHB vs. FETH - Expense Ratio Comparison

Both ETHB 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

ETHB vs. FETH - Dividend Comparison

ETHB's dividend yield for the trailing twelve months is around 0.21%, while FETH has not paid dividends to shareholders.

Position	TTM
ETHB iShares Staked Ethereum Trust ETF	0.21%
FETH Fidelity Ethereum Fund	0.00%

Frequently Asked Questions

Can I hold both ETHB and FETH in my portfolio?

With a correlation of 1.00, ETHB 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.

Which ETF is better, ETHB or FETH?

Both ETFs have the same 0.25% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHB or FETH?

ETHB and FETH have the same expense ratio: 0.25% per year.

Which ETF pays a higher dividend yield, ETHB or FETH?

ETHB has the higher dividend yield at 0.21%, compared with 0.00% for FETH.

What is the main difference between ETHB and FETH?

ETHB 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.