FETH vs. BTC-USD
FETH (Fidelity Ethereum Fund) is Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, FETH returned -41.37% vs -47.54% for BTC-USD. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
FETH vs. BTC-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FETH achieves a -40.36% return, which is significantly lower than BTC-USD's -28.58% return.
FETH
- 1D
- -1.12%
- 1M
- 6.51%
- 6M
- -42.88%
- YTD
- -40.36%
- 1Y
- -41.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- -1.96%
- 1M
- -3.01%
- 6M
- -31.47%
- YTD
- -28.58%
- 1Y
- -47.54%
- 3Y*
- 27.25%
- 5Y*
- 13.75%
- 10Y*
- 57.45%
FETH vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FETH Fidelity Ethereum Fund | -40.36% | -11.37% | -4.68% |
BTC-USD Bitcoin | -28.58% | -6.27% | 38.18% |
Correlation
The correlation between FETH and BTC-USD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.58 |
The correlation between FETH and BTC-USD has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FETH vs. BTC-USD — Risk / Return Rank
FETH
BTC-USD
FETH vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.50 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.83 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | -0.90 | +0.29 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.46 | +0.50 |
Loading charts...
Drawdowns
FETH vs. BTC-USD - Drawdown Comparison
The maximum FETH drawdown since its inception was -67.94%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for FETH and BTC-USD.
Loading charts...
Drawdown Indicators
| FETH | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.94% | -85.30% | +17.36% |
Max Drawdown (1Y)Largest decline over 1 year | -67.94% | -53.08% | -14.86% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -63.51% | -49.89% | -13.62% |
Average DrawdownAverage peak-to-trough decline | -34.52% | -42.55% | +8.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.12% | 28.99% | +14.13% |
Volatility
FETH vs. BTC-USD - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 16.12% compared to Bitcoin (BTC-USD) at 8.86%. This indicates that FETH's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FETH | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.12% | 8.86% | +7.26% |
Volatility (6M)Calculated over the trailing 6-month period | 46.94% | 34.96% | +11.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.30% | 35.56% | +32.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.86% | 43.94% | +27.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.86% | 56.32% | +15.54% |
Frequently Asked Questions
FETH and BTC-USD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FETH has higher volatility (16.12%) compared to BTC-USD (8.86%). In terms of maximum drawdown, FETH dropped -67.94% vs BTC-USD's -85.30%.
FETH currently has the higher Sharpe Ratio (-0.61 vs -1.11), 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.
Find the right allocation for FETH and BTC-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer