FETH vs. BTC-USD
Compare and contrast key facts about Fidelity Ethereum Fund (FETH) and Bitcoin (BTC-USD).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FETH or BTC-USD.
Correlation
The correlation between FETH and BTC-USD is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FETH vs. BTC-USD - Performance Comparison
Key characteristics
FETH:
75.64%
BTC-USD:
42.72%
FETH:
-64.00%
BTC-USD:
-93.07%
FETH:
-55.61%
BTC-USD:
-10.83%
Returns By Period
In the year-to-date period, FETH achieves a -46.00% return, which is significantly lower than BTC-USD's 1.30% return.
FETH
-46.00%
-3.53%
-27.05%
N/A
N/A
N/A
BTC-USD
1.30%
12.20%
39.33%
49.24%
64.76%
82.12%
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Risk-Adjusted Performance
FETH vs. BTC-USD — Risk-Adjusted Performance Rank
FETH
BTC-USD
FETH vs. BTC-USD - Risk-Adjusted Performance 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.
Drawdowns
FETH vs. BTC-USD - Drawdown Comparison
The maximum FETH drawdown since its inception was -64.00%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for FETH and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
FETH vs. BTC-USD - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 27.30% compared to Bitcoin (BTC-USD) at 16.25%. 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.