FETH vs. ETH-USD
Compare and contrast key facts about Fidelity Ethereum Fund (FETH) and Ethereum (ETH-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 ETH-USD.
Correlation
The correlation between FETH and ETH-USD is 0.54, 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. ETH-USD - Performance Comparison
Key characteristics
FETH:
75.64%
ETH-USD:
59.30%
FETH:
-64.00%
ETH-USD:
-93.96%
FETH:
-55.61%
ETH-USD:
-62.14%
Returns By Period
The year-to-date returns for both investments are quite close, with FETH having a -46.00% return and ETH-USD slightly higher at -45.33%.
FETH
-46.00%
-3.53%
-27.05%
N/A
N/A
N/A
ETH-USD
-45.33%
-3.88%
-27.30%
-43.98%
55.85%
N/A
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Risk-Adjusted Performance
FETH vs. ETH-USD — Risk-Adjusted Performance Rank
FETH
ETH-USD
FETH vs. ETH-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Ethereum (ETH-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.
Drawdowns
FETH vs. ETH-USD - Drawdown Comparison
The maximum FETH drawdown since its inception was -64.00%, smaller than the maximum ETH-USD drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for FETH and ETH-USD. For additional features, visit the drawdowns tool.
Volatility
FETH vs. ETH-USD - Volatility Comparison
Fidelity Ethereum Fund (FETH) and Ethereum (ETH-USD) have volatilities of 27.30% and 27.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.