FETH vs. BFOC

Last updated Jun 24, 2026

FETH (Fidelity Ethereum Fund) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index, while BFOC is a Defined Outcome fund actively managed by First Trust. FETH is passively managed, while BFOC is actively managed. Their correlation of 0.85 suggests significant overlap in exposure. FETH charges 0.25%/yr vs 0.90%/yr for BFOC.

Performance

FETH vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Ethereum Fund (FETH) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FETH achieves a -44.11% return, which is significantly lower than BFOC's -7.58% return.

FETH

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

BFOC

• 1D: -0.67%
• 1M: -1.05%
• YTD: -7.58%
• 6M: -7.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FETH vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
FETH Fidelity Ethereum Fund	-44.11%	-28.74%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-7.58%	-9.75%

Correlation

The correlation between FETH and BFOC is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.85

Return for Risk

FETH vs. BFOC — Risk / Return Rank

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

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

BFOC

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

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.

FETH vs. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). 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.

	FETH	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	—	—
Sortino ratio: Return per unit of downside risk	-0.20	—	—
Omega ratio: Gain probability vs. loss probability	0.98	—	—
Calmar ratio: Return relative to maximum drawdown	-0.42	—	—
Martin ratio: Return relative to average drawdown	-0.70	—	—

Drawdowns

FETH vs. BFOC - Drawdown Comparison

The maximum FETH drawdown since its inception was -67.57%, which is greater than BFOC's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for FETH and BFOC.

Drawdown Indicators

	FETH	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-67.57%	-18.41%	-49.16%
Max Drawdown (1Y) Largest decline over 1 year	-67.57%	—	—
Current Drawdown Current decline from peak	-65.81%	-18.36%	-47.45%
Average Drawdown Average peak-to-trough decline	-33.69%	-12.84%	-20.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.48%	—	—

Volatility

Volatility by Period

	FETH	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	46.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	69.15%	12.31%	+56.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.38%	12.31%	+60.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.38%	12.31%	+60.07%

FETH vs. BFOC - Expense Ratio Comparison

FETH has a 0.25% expense ratio, which is lower than BFOC's 0.90% expense ratio.

Dividends

FETH vs. BFOC - Dividend Comparison

Neither FETH nor BFOC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FETH and BFOC in my portfolio?

FETH and BFOC have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FETH or BFOC?

On fees, FETH is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FETH or BFOC?

FETH is cheaper with a 0.25% expense ratio, compared with 0.90% for BFOC.

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

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

What is the main difference between FETH and BFOC?

FETH is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: Fidelity and First Trust. Their fees differ too: 0.25% for FETH and 0.90% for BFOC.