FETH vs. ENFR
FETH (Fidelity Ethereum Fund) and ENFR (Alerian Energy Infrastructure ETF) are both exchange-traded funds - FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index, while ENFR is a Energy Equities fund tracking the Alerian Midstream Energy Select Index. Both are passively managed. Over the past year, FETH returned -38.43% vs 26.50% for ENFR. At a 0.14 correlation, their price movements are largely independent. FETH charges 0.25%/yr vs 0.35%/yr for ENFR.
Performance
FETH vs. ENFR - Performance Comparison
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Returns By Period
In the year-to-date period, FETH achieves a -44.01% return, which is significantly lower than ENFR's 25.97% return.
FETH
- 1D
- -1.01%
- 1M
- -26.28%
- YTD
- -44.01%
- 6M
- -46.08%
- 1Y
- -38.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ENFR
- 1D
- 0.73%
- 1M
- 0.52%
- YTD
- 25.97%
- 6M
- 26.39%
- 1Y
- 26.50%
- 3Y*
- 28.39%
- 5Y*
- 19.43%
- 10Y*
- 12.28%
FETH vs. ENFR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FETH Fidelity Ethereum Fund | -44.01% | -11.37% | -4.68% |
ENFR Alerian Energy Infrastructure ETF | 25.97% | 5.88% | 15.06% |
Correlation
The correlation between FETH and ENFR is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.14 |
The correlation between FETH and ENFR shifts across timeframes, from 0.04 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FETH vs. ENFR — Risk / Return Rank
FETH
ENFR
FETH vs. ENFR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Alerian Energy Infrastructure ETF (ENFR). 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 | ENFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.38 | ||
| Sortino ratioReturn per unit of downside risk | -3.03 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.31 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.08 | -3.65 |
| Martin ratioReturn relative to average drawdown | -0.98 | 8.18 | -9.16 |
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Drawdowns
FETH vs. ENFR - Drawdown Comparison
The maximum FETH drawdown since its inception was -67.57%, roughly equal to the maximum ENFR drawdown of -68.28%. Use the drawdown chart below to compare losses from any high point for FETH and ENFR.
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Drawdown Indicators
| FETH | ENFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.57% | -68.28% | +0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -67.57% | -8.64% | -58.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.58% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -62.64% | — |
Current DrawdownCurrent decline from peak | -65.74% | -3.91% | -61.83% |
Average DrawdownAverage peak-to-trough decline | -33.30% | -15.95% | -17.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.31% | 3.25% | +36.06% |
Volatility
FETH vs. ENFR - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 17.03% compared to Alerian Energy Infrastructure ETF (ENFR) at 5.63%. This indicates that FETH's price experiences larger fluctuations and is considered to be riskier than ENFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FETH | ENFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.03% | 5.63% | +11.40% |
Volatility (6M)Calculated over the trailing 6-month period | 46.32% | 11.48% | +34.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.12% | 14.66% | +54.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.38% | 19.30% | +53.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.38% | 24.67% | +47.71% |
FETH vs. ENFR - Expense Ratio Comparison
FETH has a 0.25% expense ratio, which is lower than ENFR's 0.35% expense ratio.
Dividends
FETH vs. ENFR - Dividend Comparison
FETH has not paid dividends to shareholders, while ENFR's dividend yield for the trailing twelve months is around 3.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENFR Alerian Energy Infrastructure ETF | 3.98% | 4.77% | 4.41% | 5.48% | 5.23% | 7.86% | 7.57% | 5.81% | 3.98% | 2.98% | 3.31% | 3.34% |
FETH Fidelity Ethereum Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FETH and ENFR have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FETH has higher volatility (17.03%) compared to ENFR (5.63%). In terms of maximum drawdown, FETH dropped -67.57% vs ENFR's -68.28%.
On 1-year performance, ENFR leads with 26.50% vs -38.43% for FETH. On fees, FETH is cheaper at 0.25% per year. On volatility, ENFR has been the lower-risk option at 5.63%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ENFR has performed better with a 26.50% return vs -38.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FETH is cheaper with a 0.25% expense ratio, compared with 0.35% for ENFR.
ENFR has the higher dividend yield at 3.98%, compared with 0.00% for FETH.
FETH is categorized as Cryptocurrency, while ENFR is Energy Equities. FETH tracks Fidelity Ethereum Reference Rate Index, while ENFR tracks Alerian Midstream Energy Select Index. They also come from different issuers: Fidelity and SS&C. Their fees differ too: 0.25% for FETH and 0.35% for ENFR.
ENFR currently has the higher Sharpe Ratio (1.82 vs -0.56), 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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