FETH vs. FBCG

Last updated Jun 24, 2026

FETH (Fidelity Ethereum Fund) and FBCG (Fidelity Blue Chip Growth ETF) are both exchange-traded funds - FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index, while FBCG is a Large Cap Growth Equities fund actively managed by Fidelity. FETH is passively managed, while FBCG is actively managed. Over the past year, FETH returned -28.45% vs 31.50% for FBCG. A 0.52 correlation means they provide meaningful diversification when combined. FETH charges 0.25%/yr vs 0.59%/yr for FBCG.

Performance

FETH vs. FBCG - Performance Comparison

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

Returns By Period

In the year-to-date period, FETH achieves a -44.11% return, which is significantly lower than FBCG's 10.08% return.

FETH

• 1D: -4.17%
• 1M: -19.46%
• YTD: -44.11%
• 6M: -44.07%
• 1Y: -28.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FBCG

• 1D: -2.80%
• 1M: -1.48%
• YTD: 10.08%
• 6M: 9.15%
• 1Y: 31.50%
• 3Y*: 27.58%
• 5Y*: 13.39%
• 10Y*: —

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

FETH vs. FBCG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FETH Fidelity Ethereum Fund	-44.11%	-11.37%	-4.68%
FBCG Fidelity Blue Chip Growth ETF	10.08%	18.60%	9.73%

Correlation

The correlation between FETH and FBCG is 0.50, 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	0.50
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.52

The correlation between FETH and FBCG has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.

Return for Risk

FETH vs. FBCG — Risk / Return Rank

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

FETH

FETH Risk / Return Rank: 6
FETH Sharpe Ratio Rank: 5
FETH Sortino Ratio Rank: 6
FETH Omega Ratio Rank: 6
FETH Calmar Ratio Rank: 5
FETH Martin Ratio Rank: 6

FBCG

FBCG Risk / Return Rank: 46
FBCG Sharpe Ratio Rank: 47
FBCG Sortino Ratio Rank: 45
FBCG Omega Ratio Rank: 45
FBCG Calmar Ratio Rank: 43
FBCG Martin Ratio Rank: 48

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. FBCG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Fidelity Blue Chip Growth ETF (FBCG). 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	FBCG	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	1.59	-2.01
Sortino ratio: Return per unit of downside risk	-0.20	2.17	-2.37
Omega ratio: Gain probability vs. loss probability	0.98	1.28	-0.30
Calmar ratio: Return relative to maximum drawdown	-0.42	2.09	-2.51
Martin ratio: Return relative to average drawdown	-0.70	7.85	-8.56

FETH vs. FBCG - Sharpe Ratio Comparison

The current FETH Sharpe Ratio is -0.41, which is lower than the FBCG Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of FETH and FBCG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FETH vs. FBCG - Drawdown Comparison

The maximum FETH drawdown since its inception was -67.57%, which is greater than FBCG's maximum drawdown of -43.56%. Use the drawdown chart below to compare losses from any high point for FETH and FBCG.

Drawdown Indicators

	FETH	FBCG	Difference
Max Drawdown Largest peak-to-trough decline	-67.57%	-43.56%	-24.01%
Max Drawdown (1Y) Largest decline over 1 year	-67.57%	-15.17%	-52.40%
Max Drawdown (3Y) Largest decline over 3 years	—	-27.89%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.56%	—
Current Drawdown Current decline from peak	-65.81%	-5.76%	-60.05%
Average Drawdown Average peak-to-trough decline	-33.69%	-11.42%	-22.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.48%	4.02%	+36.46%

Volatility

FETH vs. FBCG - Volatility Comparison

Fidelity Ethereum Fund (FETH) has a higher volatility of 19.78% compared to Fidelity Blue Chip Growth ETF (FBCG) at 8.27%. This indicates that FETH's price experiences larger fluctuations and is considered to be riskier than FBCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FETH	FBCG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.78%	8.27%	+11.51%
Volatility (6M) Calculated over the trailing 6-month period	46.89%	15.50%	+31.39%
Volatility (1Y) Calculated over the trailing 1-year period	69.15%	19.84%	+49.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.38%	26.00%	+46.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.38%	25.80%	+46.58%

FETH vs. FBCG - Expense Ratio Comparison

FETH has a 0.25% expense ratio, which is lower than FBCG's 0.59% expense ratio.

Dividends

FETH vs. FBCG - Dividend Comparison

FETH has not paid dividends to shareholders, while FBCG's dividend yield for the trailing twelve months is around 0.04%.

Position	TTM	2025	2024	2023	2022	2021	2020
FBCG Fidelity Blue Chip Growth ETF	0.04%	0.05%	0.12%	0.02%	0.00%	0.00%	0.01%
FETH Fidelity Ethereum Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FETH and FBCG in my portfolio?

FETH and FBCG have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FETH or FBCG?

FETH has higher volatility (19.78%) compared to FBCG (8.27%). In terms of maximum drawdown, FETH dropped -67.57% vs FBCG's -43.56%.

Which ETF is better, FETH or FBCG?

On 1-year performance, FBCG leads with 31.50% vs -28.45% for FETH. On fees, FETH is cheaper at 0.25% per year. On volatility, FBCG has been the lower-risk option at 8.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FETH or FBCG?

Over the 1-year period, FBCG has performed better with a 31.50% return vs -28.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FETH or FBCG?

FETH is cheaper with a 0.25% expense ratio, compared with 0.59% for FBCG.

Which ETF pays a higher dividend yield, FETH or FBCG?

FBCG has the higher dividend yield at 0.04%, compared with 0.00% for FETH.

What is the main difference between FETH and FBCG?

FETH is categorized as Cryptocurrency, while FBCG is Large Cap Growth Equities. Their fees differ too: 0.25% for FETH and 0.59% for FBCG.

Which has better risk-adjusted returns?

FBCG currently has the higher Sharpe Ratio (1.59 vs -0.41), 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.