FDTX vs. FETH

Last updated Jun 5, 2026

FDTX (Fidelity Disruptive Technology ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FDTX is a Technology Equities fund actively managed by Fidelity, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. FDTX is actively managed, while FETH is passively managed. Over the past year, FDTX returned 58.85% vs -32.61% for FETH. At a 0.48 correlation, their price movements are largely independent. FDTX charges 0.50%/yr vs 0.00%/yr for FETH.

Performance

FDTX vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Technology ETF (FDTX) 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, FDTX achieves a 41.92% return, which is significantly higher than FETH's -40.26% return.

FDTX

• 1D: -0.33%
• 1M: 20.99%
• YTD: 41.92%
• 6M: 41.67%
• 1Y: 58.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FETH

• 1D: -1.34%
• 1M: -25.20%
• YTD: -40.26%
• 6M: -43.59%
• 1Y: -32.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDTX vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDTX Fidelity Disruptive Technology ETF	41.92%	15.25%	9.04%
FETH Fidelity Ethereum Fund	-40.26%	-11.37%	-3.61%

Correlation

The correlation between FDTX and FETH is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	0.48

Return for Risk

FDTX vs. FETH — Risk / Return Rank

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

FDTX

FDTX Risk / Return Rank: 66
FDTX Sharpe Ratio Rank: 76
FDTX Sortino Ratio Rank: 68
FDTX Omega Ratio Rank: 66
FDTX Calmar Ratio Rank: 62
FDTX Martin Ratio Rank: 56

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.

FDTX vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Technology ETF (FDTX) 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.

	FDTX	FETH	Difference
Sharpe ratio: Return per unit of total volatility	2.42	-0.48	+2.90
Sortino ratio: Return per unit of downside risk	3.07	-0.34	+3.41
Omega ratio: Gain probability vs. loss probability	1.39	0.96	+0.43
Calmar ratio: Return relative to maximum drawdown	3.05	-0.52	+3.57
Martin ratio: Return relative to average drawdown	9.66	-0.86	+10.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDTX vs. FETH - Sharpe Ratio Comparison

The current FDTX Sharpe Ratio is 2.42, which is higher than the FETH Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of FDTX 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

	FDTX	FETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.42	-0.48	+2.90
Sharpe Ratio (All Time) Calculated using the full available price history	1.25	-0.42	+1.67

Drawdowns

FDTX vs. FETH - Drawdown Comparison

The maximum FDTX drawdown since its inception was -27.23%, smaller than the maximum FETH drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for FDTX and FETH.

Drawdown Indicators

	FDTX	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-27.23%	-64.00%	+36.77%
Max Drawdown (1Y) Largest decline over 1 year	-19.38%	-63.45%	+44.07%
Current Drawdown Current decline from peak	-0.88%	-63.45%	+62.57%
Average Drawdown Average peak-to-trough decline	-5.51%	-32.79%	+27.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.11%	38.03%	-31.92%

Volatility

FDTX vs. FETH - Volatility Comparison

The current volatility for Fidelity Disruptive Technology ETF (FDTX) is 8.56%, while Fidelity Ethereum Fund (FETH) has a volatility of 9.77%. This indicates that FDTX 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

	FDTX	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.56%	9.77%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	19.47%	45.28%	-25.81%
Volatility (1Y) Calculated over the trailing 1-year period	24.45%	68.41%	-43.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.50%	72.20%	-46.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.50%	72.20%	-46.70%

FDTX vs. FETH - Expense Ratio Comparison

FDTX has a 0.50% expense ratio, which is higher than FETH's 0.00% expense ratio.

Dividends

FDTX vs. FETH - Dividend Comparison

Neither FDTX nor FETH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FDTX and FETH in my portfolio?

FDTX and FETH have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDTX or FETH?

FETH has higher volatility (9.77%) compared to FDTX (8.56%). In terms of maximum drawdown, FDTX dropped -27.23% vs FETH's -64.00%.

Which ETF is better, FDTX or FETH?

On 1-year performance, FDTX leads with 58.85% vs -32.61% for FETH. On fees, FETH is cheaper at 0.00% per year. On volatility, FDTX has been the lower-risk option at 8.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDTX or FETH?

Over the 1-year period, FDTX has performed better with a 58.85% return vs -32.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDTX or FETH?

FETH is cheaper with a 0.00% expense ratio, compared with 0.50% for FDTX.

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

FDTX and FETH have nearly identical dividend yields, around 0.00%.

What is the main difference between FDTX and FETH?

FDTX is categorized as Technology Equities, while FETH is Cryptocurrency. Their fees differ too: 0.50% for FDTX and 0.00% for FETH.

Which has better risk-adjusted returns?

FDTX currently has the higher Sharpe Ratio (2.42 vs -0.48), 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.