FETH vs. CETH

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Ethereum Fund (FETH) and 21shares Core Ethereum ETF (CETH).

FETH and CETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CETH is a passively managed fund by 21Shares that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Jul 22, 2024. Both FETH and CETH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FETH vs. CETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Ethereum Fund (FETH) and 21shares Core Ethereum ETF (CETH). The values are adjusted to include any dividend payments, if applicable.

FETH vs. CETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FETH Fidelity Ethereum Fund	-29.48%	-11.37%	-3.61%
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%

Returns By Period

FETH

• 1D: 3.67%
• 1M: 8.89%
• YTD: -29.48%
• 6M: -49.75%
• 1Y: 14.41%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CETH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

FETH vs. CETH - Expense Ratio Comparison

FETH has a 0.00% expense ratio, which is lower than CETH's 0.21% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

CETH

21shares Core Ethereum ETF

FETH

Fidelity Ethereum Fund

Return for Risk

FETH vs. CETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FETH

FETH Risk / Return Rank: 21
FETH Sharpe Ratio Rank: 18
FETH Sortino Ratio Rank: 31
FETH Omega Ratio Rank: 26
FETH Calmar Ratio Rank: 17
FETH Martin Ratio Rank: 15

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FETH vs. CETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and 21shares Core Ethereum ETF (CETH). 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.

	FETH	CETH	Difference
Sharpe ratio Return per unit of total volatility	0.19	—	—
Sortino ratio Return per unit of downside risk	0.84	—	—
Omega ratio Gain probability vs. loss probability	1.10	—	—
Calmar ratio Return relative to maximum drawdown	0.19	—	—
Martin ratio Return relative to average drawdown	0.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FETH	CETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	—	—

Dividends

FETH vs. CETH - Dividend Comparison

Neither FETH nor CETH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

Volatility

Volatility by Period

	FETH	CETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.53%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	75.83%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.85%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.85%	—	—