FETH vs. BITX
Compare and contrast key facts about Fidelity Ethereum Fund (FETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX).
FETH and BITX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FETH is a passively managed fund by Fidelity that tracks the performance of the Fidelity Ethereum Reference Rate Index. It was launched on Jul 22, 2024. BITX is an actively managed fund by Volatility Shares. It was launched on Jun 27, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FETH or BITX.
Correlation
The correlation between FETH and BITX is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FETH vs. BITX - Performance Comparison
Key characteristics
FETH:
72.57%
BITX:
114.41%
FETH:
-35.89%
BITX:
-61.28%
FETH:
-11.29%
BITX:
-18.23%
Returns By Period
In the year-to-date period, FETH achieves a 7.90% return, which is significantly lower than BITX's 11.48% return.
FETH
7.90%
-7.52%
N/A
N/A
N/A
N/A
BITX
11.48%
-6.40%
128.76%
169.17%
N/A
N/A
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FETH vs. BITX - Expense Ratio Comparison
FETH has a 0.00% expense ratio, which is lower than BITX's 1.85% expense ratio.
Risk-Adjusted Performance
FETH vs. BITX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.
Not enough dataDividends
FETH vs. BITX - Dividend Comparison
FETH has not paid dividends to shareholders, while BITX's dividend yield for the trailing twelve months is around 9.60%.
| TTM | 2024 | |
|---|---|---|
FETH Fidelity Ethereum Fund | 0.00% | 0.00% |
BITX Volatility Shares 2x Bitcoin Strategy ETF | 9.60% | 10.71% |
Drawdowns
FETH vs. BITX - Drawdown Comparison
The maximum FETH drawdown since its inception was -35.89%, smaller than the maximum BITX drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for FETH and BITX. For additional features, visit the drawdowns tool.
Volatility
FETH vs. BITX - Volatility Comparison
The current volatility for Fidelity Ethereum Fund (FETH) is 20.93%, while Volatility Shares 2x Bitcoin Strategy ETF (BITX) has a volatility of 32.68%. This indicates that FETH experiences smaller price fluctuations and is considered to be less risky than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.