FETH vs. CBOL
FETH (Fidelity Ethereum Fund) and CBOL (Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF) are both exchange-traded funds - FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index, while CBOL is a Defined Outcome fund actively managed by Calamos. FETH is passively managed, while CBOL is actively managed. Their correlation of 0.87 means they have usually moved in the same direction. FETH charges 0.25%/yr vs 0.79%/yr for CBOL.
Performance
FETH vs. CBOL - Performance Comparison
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Returns By Period
In the year-to-date period, FETH achieves a -37.15% return, which is significantly lower than CBOL's -1.82% return.
FETH
- 1D
- 0.16%
- 1M
- 9.86%
- 6M
- -19.58%
- YTD
- -37.15%
- 1Y
- -46.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.81%
CBOL
- 1D
- 0.13%
- 1M
- 0.30%
- 6M
- -0.82%
- YTD
- -1.82%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $58.81K | $31.00K | $17.58K | |
| $29.41M | $29.69M | $35.01M |
FETH vs. CBOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FETH Fidelity Ethereum Fund | -37.15% | -30.31% |
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF | -1.82% | -2.04% |
Correlation
The correlation between FETH and CBOL is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 14, 2025 | 0.87 |
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Return for Risk
FETH vs. CBOL — Risk / Return Rank
FETH
CBOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FETH vs. CBOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF (CBOL). 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 | CBOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | — | — |
| Martin ratioReturn relative to average drawdown | -1.03 | — | — |
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Drawdowns
FETH vs. CBOL - Drawdown Comparison
The maximum FETH drawdown since its inception was -67.94%, which is greater than CBOL's maximum drawdown of -5.05%. Use the drawdown chart below to compare losses from any high point for FETH and CBOL.
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Drawdown Indicators
| FETH | CBOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.94% | -5.05% | -62.89% |
Max Drawdown (1Y)Largest decline over 1 year | -67.94% | — | — |
Current DrawdownCurrent decline from peak | -61.55% | -4.44% | -57.11% |
Average DrawdownAverage peak-to-trough decline | -35.30% | -3.49% | -31.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.61% | — | — |
Volatility
FETH vs. CBOL - Volatility Comparison
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Volatility by Period
| FETH | CBOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 45.60% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.10% | 3.65% | +63.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.16% | 3.65% | +67.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.16% | 3.65% | +67.51% |
FETH vs. CBOL - Expense Ratio Comparison
FETH has a 0.25% expense ratio, which is lower than CBOL's 0.79% expense ratio.
Dividends
FETH vs. CBOL - Dividend Comparison
FETH has not paid dividends to shareholders, while CBOL's dividend yield for the trailing twelve months is around 1.82%.
| Position | TTM | 2025 |
|---|---|---|
CBOL Calamos Laddered Bitcoin 90 Series Structured Alt Protection ETF | 1.82% | 1.79% |
FETH Fidelity Ethereum Fund | 0.00% | 0.00% |
Frequently Asked Questions
FETH and CBOL have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FETH is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FETH is cheaper with a 0.25% expense ratio, compared with 0.79% for CBOL.
CBOL has the higher dividend yield at 1.82%, compared with 0.00% for FETH.
FETH is categorized as Cryptocurrency, while CBOL is Defined Outcome. They also come from different issuers: Fidelity and Calamos. Their fees differ too: 0.25% for FETH and 0.79% for CBOL.
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