FDLO vs. FETH

Last updated Jun 4, 2026

FDLO (Fidelity Low Volatility Factor ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FDLO is a Volatility Hedged Equity fund tracking the Fidelity U.S. Low Volatility Factor Index, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, FDLO returned 15.16% vs -31.75% for FETH. At a 0.36 correlation, their price movements are largely independent. FDLO charges 0.29%/yr vs 0.00%/yr for FETH.

Performance

FDLO vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Volatility Factor ETF (FDLO) 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, FDLO achieves a 5.00% return, which is significantly higher than FETH's -39.45% return.

FDLO

• 1D: -0.85%
• 1M: 1.29%
• YTD: 5.00%
• 6M: 4.24%
• 1Y: 15.16%
• 3Y*: 14.30%
• 5Y*: 10.12%
• 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)

FDLO vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDLO Fidelity Low Volatility Factor ETF	5.00%	11.77%	4.62%
FETH Fidelity Ethereum Fund	-39.45%	-11.37%	-3.61%

Correlation

The correlation between FDLO and FETH is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	0.36

Return for Risk

FDLO vs. FETH — Risk / Return Rank

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

FDLO

FDLO Risk / Return Rank: 49
FDLO Sharpe Ratio Rank: 50
FDLO Sortino Ratio Rank: 50
FDLO Omega Ratio Rank: 48
FDLO Calmar Ratio Rank: 43
FDLO Martin Ratio Rank: 53

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.

FDLO vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Volatility Factor ETF (FDLO) 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.

	FDLO	FETH	Difference
Sharpe ratio: Return per unit of total volatility	1.74	-0.47	+2.21
Sortino ratio: Return per unit of downside risk	2.48	-0.32	+2.80
Omega ratio: Gain probability vs. loss probability	1.31	0.97	+0.35
Calmar ratio: Return relative to maximum drawdown	2.13	-0.51	+2.64
Martin ratio: Return relative to average drawdown	9.30	-0.84	+10.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDLO vs. FETH - Sharpe Ratio Comparison

The current FDLO Sharpe Ratio is 1.74, which is higher than the FETH Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of FDLO 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.

Sharpe Ratios by Period

	FDLO	FETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	-0.47	+2.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	-0.41	+1.24

Drawdowns

FDLO vs. FETH - Drawdown Comparison

The maximum FDLO drawdown since its inception was -34.35%, smaller than the maximum FETH drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for FDLO and FETH.

Drawdown Indicators

	FDLO	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-34.35%	-64.00%	+29.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.13%	-62.95%	+55.82%
Max Drawdown (3Y) Largest decline over 3 years	-13.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.23%	—	—
Current Drawdown Current decline from peak	-0.91%	-62.95%	+62.04%
Average Drawdown Average peak-to-trough decline	-3.38%	-32.73%	+29.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	37.82%	-36.19%

Volatility

FDLO vs. FETH - Volatility Comparison

The current volatility for Fidelity Low Volatility Factor ETF (FDLO) is 1.91%, while Fidelity Ethereum Fund (FETH) has a volatility of 9.99%. This indicates that FDLO 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

	FDLO	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.91%	9.99%	-8.08%
Volatility (6M) Calculated over the trailing 6-month period	6.41%	46.01%	-39.60%
Volatility (1Y) Calculated over the trailing 1-year period	8.75%	68.50%	-59.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.07%	72.27%	-59.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.50%	72.27%	-56.77%

FDLO vs. FETH - Expense Ratio Comparison

FDLO has a 0.29% expense ratio, which is higher than FETH's 0.00% expense ratio.

Dividends

FDLO vs. FETH - Dividend Comparison

FDLO's dividend yield for the trailing twelve months is around 1.36%, while FETH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FDLO Fidelity Low Volatility Factor ETF	1.36%	1.37%	1.40%	1.35%	1.49%	1.11%	1.38%	1.55%	1.76%	1.61%	0.55%
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%

Frequently Asked Questions

Can I hold both FDLO and FETH in my portfolio?

FDLO and FETH have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDLO or FETH?

FETH has higher volatility (9.99%) compared to FDLO (1.91%). In terms of maximum drawdown, FDLO dropped -34.35% vs FETH's -64.00%.

Which ETF is better, FDLO or FETH?

On 1-year performance, FDLO leads with 15.16% vs -31.75% for FETH. On fees, FETH is cheaper at 0.00% per year. On volatility, FDLO has been the lower-risk option at 1.91%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDLO or FETH?

Over the 1-year period, FDLO has performed better with a 15.16% return vs -31.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDLO or FETH?

FETH is cheaper with a 0.00% expense ratio, compared with 0.29% for FDLO.

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

FDLO has the higher dividend yield at 1.36%, compared with 0.00% for FETH.

What is the main difference between FDLO and FETH?

FDLO is categorized as Volatility Hedged Equity, while FETH is Cryptocurrency. FDLO tracks Fidelity U.S. Low Volatility Factor Index, while FETH tracks Fidelity Ethereum Reference Rate Index. Their fees differ too: 0.29% for FDLO and 0.00% for FETH.

Which has better risk-adjusted returns?

FDLO currently has the higher Sharpe Ratio (1.74 vs -0.47), 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.