FDIS vs. FETH

Last updated Jun 24, 2026

FDIS (Fidelity MSCI Consumer Discretionary Index ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FDIS is a Consumer Discretionary Equities fund tracking the MSCI USA IMI Consumer Discretionary 25/50 Index, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, FDIS returned 8.08% vs -28.45% for FETH. At a 0.48 correlation, their price movements are largely independent. FDIS charges 0.08%/yr vs 0.25%/yr for FETH.

Performance

FDIS vs. FETH - Performance Comparison

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

Returns By Period

In the year-to-date period, FDIS achieves a -2.36% return, which is significantly higher than FETH's -44.11% return.

FDIS

• 1D: -0.98%
• 1M: -2.85%
• YTD: -2.36%
• 6M: -4.54%
• 1Y: 8.08%
• 3Y*: 12.56%
• 5Y*: 5.16%
• 10Y*: 13.88%

FETH

• 1D: -4.17%
• 1M: -19.46%
• YTD: -44.11%
• 6M: -44.07%
• 1Y: -28.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDIS vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDIS Fidelity MSCI Consumer Discretionary Index ETF	-2.36%	5.67%	16.89%
FETH Fidelity Ethereum Fund	-44.11%	-11.37%	-4.68%

Correlation

The correlation between FDIS and FETH is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.48

Return for Risk

FDIS vs. FETH — Risk / Return Rank

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

FDIS

FDIS Risk / Return Rank: 15
FDIS Sharpe Ratio Rank: 15
FDIS Sortino Ratio Rank: 15
FDIS Omega Ratio Rank: 14
FDIS Calmar Ratio Rank: 15
FDIS Martin Ratio Rank: 16

FETH

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

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.

FDIS vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) 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.

	FDIS	FETH	Difference
Sharpe ratio: Return per unit of total volatility	0.43	-0.41	+0.85
Sortino ratio: Return per unit of downside risk	0.74	-0.20	+0.94
Omega ratio: Gain probability vs. loss probability	1.09	0.98	+0.11
Calmar ratio: Return relative to maximum drawdown	0.52	-0.42	+0.95
Martin ratio: Return relative to average drawdown	1.60	-0.70	+2.30

FDIS vs. FETH - Sharpe Ratio Comparison

The current FDIS Sharpe Ratio is 0.43, which is higher than the FETH Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of FDIS and FETH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDIS vs. FETH - Drawdown Comparison

The maximum FDIS drawdown since its inception was -39.16%, smaller than the maximum FETH drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for FDIS and FETH.

Drawdown Indicators

	FDIS	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-39.16%	-67.57%	+28.41%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-67.57%	+52.07%
Max Drawdown (3Y) Largest decline over 3 years	-27.43%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.16%	—	—
Current Drawdown Current decline from peak	-6.85%	-65.81%	+58.96%
Average Drawdown Average peak-to-trough decline	-7.49%	-33.69%	+26.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.07%	40.48%	-35.41%

Volatility

FDIS vs. FETH - Volatility Comparison

The current volatility for Fidelity MSCI Consumer Discretionary Index ETF (FDIS) is 6.34%, while Fidelity Ethereum Fund (FETH) has a volatility of 19.78%. This indicates that FDIS 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.

Volatility by Period

	FDIS	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.34%	19.78%	-13.44%
Volatility (6M) Calculated over the trailing 6-month period	13.82%	46.89%	-33.07%
Volatility (1Y) Calculated over the trailing 1-year period	18.75%	69.15%	-50.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.99%	72.38%	-48.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.33%	72.38%	-50.05%

FDIS vs. FETH - Expense Ratio Comparison

FDIS has a 0.08% expense ratio, which is lower than FETH's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FDIS vs. FETH - Dividend Comparison

FDIS's dividend yield for the trailing twelve months is around 0.75%, while FETH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDIS Fidelity MSCI Consumer Discretionary Index ETF	0.75%	0.75%	0.69%	0.78%	1.00%	0.58%	0.59%	1.14%	1.29%	1.00%	1.62%	1.25%
FETH Fidelity Ethereum Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDIS and FETH in my portfolio?

FDIS and FETH have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDIS or FETH?

FETH has higher volatility (19.78%) compared to FDIS (6.34%). In terms of maximum drawdown, FDIS dropped -39.16% vs FETH's -67.57%.

Which ETF is better, FDIS or FETH?

On 1-year performance, FDIS leads with 8.08% vs -28.45% for FETH. On fees, FDIS is cheaper at 0.08% per year. On volatility, FDIS has been the lower-risk option at 6.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDIS or FETH?

Over the 1-year period, FDIS has performed better with a 8.08% return vs -28.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDIS or FETH?

FDIS is cheaper with a 0.08% expense ratio, compared with 0.25% for FETH.

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

FDIS has the higher dividend yield at 0.75%, compared with 0.00% for FETH.

What is the main difference between FDIS and FETH?

FDIS is categorized as Consumer Discretionary Equities, while FETH is Cryptocurrency. FDIS tracks MSCI USA IMI Consumer Discretionary 25/50 Index, while FETH tracks Fidelity Ethereum Reference Rate Index. Their fees differ too: 0.08% for FDIS and 0.25% for FETH.

Which has better risk-adjusted returns?

FDIS currently has the higher Sharpe Ratio (0.43 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.