FDRV vs. FETH

Last updated Jun 24, 2026

FDRV (Fidelity Electric Vehicles and Future Transportation ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FDRV is a Transportation Equities fund actively managed by Fidelity, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. FDRV is actively managed, while FETH is passively managed. Over the past year, FDRV returned 34.83% vs -28.45% for FETH. A 0.50 correlation means they provide meaningful diversification when combined. FDRV charges 0.39%/yr vs 0.25%/yr for FETH.

Performance

FDRV vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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, FDRV achieves a 17.13% return, which is significantly higher than FETH's -44.11% return.

FDRV

• 1D: -4.46%
• 1M: -4.34%
• YTD: 17.13%
• 6M: 15.44%
• 1Y: 34.83%
• 3Y*: 2.61%
• 5Y*: —
• 10Y*: —

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)

FDRV vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDRV Fidelity Electric Vehicles and Future Transportation ETF	17.13%	24.32%	-5.87%
FETH Fidelity Ethereum Fund	-44.11%	-11.37%	-4.68%

Correlation

The correlation between FDRV and FETH is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.50

The correlation between FDRV and FETH has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.

Return for Risk

FDRV vs. FETH — Risk / Return Rank

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

FDRV

FDRV Risk / Return Rank: 41
FDRV Sharpe Ratio Rank: 38
FDRV Sortino Ratio Rank: 36
FDRV Omega Ratio Rank: 37
FDRV Calmar Ratio Rank: 48
FDRV Martin Ratio Rank: 42

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.

FDRV vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) 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.

	FDRV	FETH	Difference
Sharpe ratio: Return per unit of total volatility	1.29	-0.41	+1.71
Sortino ratio: Return per unit of downside risk	1.80	-0.20	+2.00
Omega ratio: Gain probability vs. loss probability	1.23	0.98	+0.26
Calmar ratio: Return relative to maximum drawdown	2.24	-0.42	+2.66
Martin ratio: Return relative to average drawdown	6.46	-0.70	+7.16

FDRV vs. FETH - Sharpe Ratio Comparison

The current FDRV Sharpe Ratio is 1.29, which is higher than the FETH Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of FDRV 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

FDRV vs. FETH - Drawdown Comparison

The maximum FDRV drawdown since its inception was -63.89%, smaller than the maximum FETH drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for FDRV and FETH.

Drawdown Indicators

	FDRV	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-63.89%	-67.57%	+3.68%
Max Drawdown (1Y) Largest decline over 1 year	-15.62%	-67.57%	+51.95%
Max Drawdown (3Y) Largest decline over 3 years	-48.45%	—	—
Current Drawdown Current decline from peak	-35.19%	-65.81%	+30.62%
Average Drawdown Average peak-to-trough decline	-42.21%	-33.69%	-8.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.41%	40.48%	-35.07%

Volatility

FDRV vs. FETH - Volatility Comparison

The current volatility for Fidelity Electric Vehicles and Future Transportation ETF (FDRV) is 13.44%, while Fidelity Ethereum Fund (FETH) has a volatility of 19.78%. This indicates that FDRV 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

	FDRV	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.44%	19.78%	-6.34%
Volatility (6M) Calculated over the trailing 6-month period	21.70%	46.89%	-25.19%
Volatility (1Y) Calculated over the trailing 1-year period	27.09%	69.15%	-42.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.28%	72.38%	-40.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.28%	72.38%	-40.10%

FDRV vs. FETH - Expense Ratio Comparison

FDRV has a 0.39% expense ratio, which is higher than FETH's 0.25% expense ratio.

Dividends

FDRV vs. FETH - Dividend Comparison

FDRV's dividend yield for the trailing twelve months is around 1.22%, while FETH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
FDRV Fidelity Electric Vehicles and Future Transportation ETF	1.22%	1.14%	0.43%	0.24%	0.33%	0.04%
FETH Fidelity Ethereum Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDRV and FETH in my portfolio?

FDRV and FETH have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDRV or FETH?

FETH has higher volatility (19.78%) compared to FDRV (13.44%). In terms of maximum drawdown, FDRV dropped -63.89% vs FETH's -67.57%.

Which ETF is better, FDRV or FETH?

On 1-year performance, FDRV leads with 34.83% vs -28.45% for FETH. On fees, FETH is cheaper at 0.25% per year. On volatility, FDRV has been the lower-risk option at 13.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDRV or FETH?

Over the 1-year period, FDRV has performed better with a 34.83% return vs -28.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDRV or FETH?

FETH is cheaper with a 0.25% expense ratio, compared with 0.39% for FDRV.

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

FDRV has the higher dividend yield at 1.22%, compared with 0.00% for FETH.

What is the main difference between FDRV and FETH?

FDRV is categorized as Transportation Equities, while FETH is Cryptocurrency. Their fees differ too: 0.39% for FDRV and 0.25% for FETH.

Which has better risk-adjusted returns?

FDRV currently has the higher Sharpe Ratio (1.29 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.