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 -46.87% vs -43.83% for BTC-USD. Their 0.57 correlation means they have sometimes moved together and sometimes differently.
Performance
FETH vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, FETH achieves a -37.25% return, which is significantly lower than BTC-USD's -27.75% return.
FETH
- 1D
- -2.98%
- 1M
- 9.68%
- 6M
- -30.28%
- YTD
- -37.25%
- 1Y
- -46.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.96%
BTC-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $29.89M | $30.47M | $35.49M |
FETH vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FETH Fidelity Ethereum Fund | -37.25% | -11.37% | -4.68% |
BTC-USD Bitcoin | -27.75% | -6.27% | 38.18% |
Correlation
The correlation between FETH and BTC-USD is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.57 |
The correlation between FETH and BTC-USD has been stable across timeframes, ranging from 0.57 to 0.67 - a consistent structural relationship.
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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 | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.85 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | -0.83 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.11 | -1.27 | +0.16 |
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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.
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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 | -61.61% | -49.31% | -12.30% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -42.73% | +7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.45% | 24.94% | +20.51% |
Volatility
FETH vs. BTC-USD - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 13.14% compared to Bitcoin (BTC-USD) at 8.45%. 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.
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Volatility by Period
| FETH | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.14% | 8.45% | +4.69% |
Volatility (6M)Calculated over the trailing 6-month period | 45.81% | 33.72% | +12.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.25% | 35.86% | +31.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.23% | 43.65% | +27.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.23% | 56.22% | +15.01% |
Frequently Asked Questions
FETH and BTC-USD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FETH has higher volatility (13.14%) compared to BTC-USD (8.45%). In terms of maximum drawdown, FETH dropped -67.94% vs BTC-USD's -85.30%.
FETH currently has the higher Sharpe Ratio (-0.75 vs -1.02), 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.
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