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FETH vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

FETH vs. BTC-USD

Last updated May 23, 2025

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 0.40, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Ethereum Fund (FETH) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

FETH:

77.29%

BTC-USD:

41.28%

Max Drawdown

FETH:

-64.00%

BTC-USD:

-93.18%

Current Drawdown

FETH:

-35.11%

BTC-USD:

0.00%

Returns By Period

In the year-to-date period, FETH achieves a -21.07% return, which is significantly lower than BTC-USD's 17.39% return.

FETH

YTD

-21.07%

1M

55.03%

6M

-21.49%

1Y

N/A

3Y*

N/A

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

17.39%

1M

17.38%

6M

11.34%

1Y

58.67%

3Y*

53.50%

5Y*

64.22%

10Y*

84.42%

*Annualized

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Fidelity Ethereum Fund

Bitcoin

Risk-Adjusted Performance

FETH vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FETH
BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9393
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 9393
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 9292
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9595
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9292
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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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 -93.18%. Use the drawdown chart below to compare losses from any high point for FETH and BTC-USD. For additional features, visit the drawdowns tool.

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Volatility

FETH vs. BTC-USD - Volatility Comparison

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