FETH vs. IBIT
Compare and contrast key facts about Fidelity Ethereum Fund (FETH) and iShares Bitcoin Trust (IBIT).
FETH and IBIT 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. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. Both FETH and IBIT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FETH or IBIT.
Correlation
The correlation between FETH and IBIT is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FETH vs. IBIT - Performance Comparison
Key characteristics
FETH:
72.32%
IBIT:
57.17%
FETH:
-35.89%
IBIT:
-27.51%
FETH:
-9.25%
IBIT:
-4.22%
Returns By Period
In the year-to-date period, FETH achieves a 10.39% return, which is significantly higher than IBIT's 9.65% return.
FETH
10.39%
-9.25%
N/A
N/A
N/A
N/A
IBIT
9.65%
0.64%
80.88%
N/A
N/A
N/A
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FETH vs. IBIT - Expense Ratio Comparison
FETH has a 0.00% expense ratio, which is lower than IBIT's 0.25% 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%.
Risk-Adjusted Performance
FETH vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and iShares Bitcoin Trust (IBIT). 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.
Not enough dataDividends
FETH vs. IBIT - Dividend Comparison
Neither FETH nor IBIT has paid dividends to shareholders.
Drawdowns
FETH vs. IBIT - Drawdown Comparison
The maximum FETH drawdown since its inception was -35.89%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for FETH and IBIT. For additional features, visit the drawdowns tool.
Volatility
FETH vs. IBIT - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 19.51% compared to iShares Bitcoin Trust (IBIT) at 15.77%. This indicates that FETH's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.