FETH vs. FUTY
Compare and contrast key facts about Fidelity Ethereum Fund (FETH) and Fidelity MSCI Utilities Index ETF (FUTY).
FETH and FUTY 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. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. Both FETH and FUTY 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. FUTY - Performance Comparison
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FETH vs. FUTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FETH Fidelity Ethereum Fund | -27.93% | -11.37% | -3.61% |
FUTY Fidelity MSCI Utilities Index ETF | 8.19% | 16.40% | 8.72% |
Returns By Period
In the year-to-date period, FETH achieves a -27.93% return, which is significantly lower than FUTY's 8.19% return.
FETH
- 1D
- 2.20%
- 1M
- 5.07%
- YTD
- -27.93%
- 6M
- -50.73%
- 1Y
- 11.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FUTY
- 1D
- 0.49%
- 1M
- -2.11%
- YTD
- 8.19%
- 6M
- 5.65%
- 1Y
- 19.31%
- 3Y*
- 13.99%
- 5Y*
- 10.62%
- 10Y*
- 9.67%
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FETH vs. FUTY - Expense Ratio Comparison
FETH has a 0.00% expense ratio, which is lower than FUTY's 0.08% 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%.
Return for Risk
FETH vs. FUTY — Risk / Return Rank
FETH
FUTY
FETH vs. FUTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Fidelity MSCI Utilities Index ETF (FUTY). 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 | FUTY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 1.25 | -1.09 |
Sortino ratioReturn per unit of downside risk | 0.79 | 1.70 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.23 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 0.27 | 2.20 | -1.93 |
Martin ratioReturn relative to average drawdown | 0.55 | 5.24 | -4.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FETH | FUTY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 1.25 | -1.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.63 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.34 | 0.58 | -0.92 |
Correlation
The correlation between FETH and FUTY is 0.18, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FETH vs. FUTY - Dividend Comparison
FETH has not paid dividends to shareholders, while FUTY's dividend yield for the trailing twelve months is around 2.49%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FUTY Fidelity MSCI Utilities Index ETF | 2.49% | 2.67% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% |
Drawdowns
FETH vs. FUTY - Drawdown Comparison
The maximum FETH drawdown since its inception was -64.00%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for FETH and FUTY.
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Drawdown Indicators
| FETH | FUTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.00% | -36.44% | -27.56% |
Max Drawdown (1Y)Largest decline over 1 year | -61.74% | -8.93% | -52.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.44% | — |
Current DrawdownCurrent decline from peak | -55.91% | -2.76% | -53.15% |
Average DrawdownAverage peak-to-trough decline | -30.53% | -6.06% | -24.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.68% | 3.75% | +26.93% |
Volatility
FETH vs. FUTY - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 19.07% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 5.03%. This indicates that FETH's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FETH | FUTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.07% | 5.03% | +14.04% |
Volatility (6M)Calculated over the trailing 6-month period | 53.60% | 10.15% | +43.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.82% | 15.52% | +60.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.78% | 16.93% | +57.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.78% | 18.99% | +55.79% |