FCLO vs. FETH

Last updated Jun 4, 2026

FCLO (Fidelity CLO ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FCLO is a CLO fund actively managed by Fidelity, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. FCLO is actively managed, while FETH is passively managed. At a 0.05 correlation, their price movements are largely independent. FCLO charges 0.45%/yr vs 0.00%/yr for FETH.

Performance

FCLO vs. FETH - Performance Comparison

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

Returns By Period

FCLO

• 1D: 0.02%
• 1M: 0.50%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FETH

• 1D: -5.78%
• 1M: -23.67%
• YTD: -39.45%
• 6M: -42.77%
• 1Y: -31.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FCLO vs. FETH - Yearly Performance Comparison

	2026 (YTD)
FCLO Fidelity CLO ETF	1.70%
FETH Fidelity Ethereum Fund	-6.08%

Correlation

The correlation between FCLO and FETH is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 13, 2026	0.05

Return for Risk

FCLO vs. FETH — Risk / Return Rank

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

FETH

FETH Risk / Return Rank: 5
FETH Sharpe Ratio Rank: 5
FETH Sortino Ratio Rank: 5
FETH Omega Ratio Rank: 5
FETH Calmar Ratio Rank: 4
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.

FCLO vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity CLO ETF (FCLO) 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.

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

Sharpe Ratios by Period

	FCLO	FETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.96	-0.41	+4.38

Drawdowns

FCLO vs. FETH - Drawdown Comparison

The maximum FCLO drawdown since its inception was -0.58%, smaller than the maximum FETH drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for FCLO and FETH.

Drawdown Indicators

	FCLO	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-0.58%	-64.00%	+63.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.95%	—
Current Drawdown Current decline from peak	0.00%	-62.95%	+62.95%
Average Drawdown Average peak-to-trough decline	-0.09%	-32.73%	+32.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.82%	—

Volatility

Volatility by Period

	FCLO	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.99%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.01%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.46%	68.50%	-67.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.46%	72.27%	-70.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.46%	72.27%	-70.81%

FCLO vs. FETH - Expense Ratio Comparison

FCLO has a 0.45% expense ratio, which is higher than FETH's 0.00% expense ratio.

Dividends

FCLO vs. FETH - Dividend Comparison

FCLO's dividend yield for the trailing twelve months is around 1.56%, while FETH has not paid dividends to shareholders.

Position	TTM
FCLO Fidelity CLO ETF	1.56%
FETH Fidelity Ethereum Fund	0.00%

Frequently Asked Questions

Can I hold both FCLO and FETH in my portfolio?

FCLO and FETH have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FCLO or FETH?

On fees, FETH is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FCLO or FETH?

FETH is cheaper with a 0.00% expense ratio, compared with 0.45% for FCLO.

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

FCLO has the higher dividend yield at 1.56%, compared with 0.00% for FETH.

What is the main difference between FCLO and FETH?

FCLO is categorized as CLO, while FETH is Cryptocurrency. Their fees differ too: 0.45% for FCLO and 0.00% for FETH.