FETH vs. ETH-USD
FETH (Fidelity Ethereum Fund) is Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, FETH returned -30.61% vs -29.88% for ETH-USD. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
FETH vs. ETH-USD - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with FETH having a -39.68% return and ETH-USD slightly higher at -39.24%.
FETH
- 1D
- 5.43%
- 1M
- 13.79%
- 6M
- -44.80%
- YTD
- -39.68%
- 1Y
- -30.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- 1.04%
- 1M
- 14.91%
- 6M
- -44.10%
- YTD
- -39.24%
- 1Y
- -29.88%
- 3Y*
- -1.23%
- 5Y*
- -4.89%
- 10Y*
- 65.88%
FETH vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FETH Fidelity Ethereum Fund | -39.68% | -11.37% | -4.68% |
ETH-USD Ethereum | -39.24% | -10.91% | -3.22% |
Correlation
The correlation between FETH and ETH-USD is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.69 |
The correlation between FETH and ETH-USD has been stable across timeframes, ranging from 0.69 to 0.72 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FETH vs. ETH-USD — Risk / Return Rank
FETH
ETH-USD
FETH vs. ETH-USD - Risk-Adjusted Trends 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.
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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | -0.44 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.73 | -0.70 | -0.02 |
Loading charts...
Drawdowns
FETH vs. ETH-USD - Drawdown Comparison
The maximum FETH drawdown since its inception was -67.94%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for FETH and ETH-USD.
Loading charts...
Drawdown Indicators
| FETH | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.94% | -94.01% | +26.07% |
Max Drawdown (1Y)Largest decline over 1 year | -67.94% | -67.60% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -63.10% | -62.69% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -34.22% | -50.98% | +16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.18% | 41.08% | +1.10% |
Volatility
FETH vs. ETH-USD - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 21.25% compared to Ethereum (ETH-USD) at 14.70%. This indicates that FETH's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FETH | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.25% | 14.70% | +6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 47.38% | 46.79% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.91% | 55.65% | +13.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.17% | 58.82% | +13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.17% | 76.92% | -4.75% |
Frequently Asked Questions
FETH and ETH-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FETH has higher volatility (21.25%) compared to ETH-USD (14.70%). In terms of maximum drawdown, FETH dropped -67.94% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.45 vs -0.45), 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.
Find the right allocation for FETH and ETH-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer