FETH vs. SOEZ

Last updated Jul 17, 2026

FETH (Fidelity Ethereum Fund) and SOEZ (Franklin Solana ETF) are both Cryptocurrency funds. FETH is passively managed, while SOEZ is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. FETH charges 0.25%/yr vs 0.19%/yr for SOEZ.

Performance

FETH vs. SOEZ - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with FETH having a -36.91% return and SOEZ slightly lower at -37.14%.

FETH

• 1D: -2.51%
• 1M: 4.47%
• 6M: -43.01%
• YTD: -36.91%
• 1Y: -44.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOEZ

• 1D: -1.74%
• 1M: 3.32%
• 6M: -44.84%
• YTD: -37.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FETH vs. SOEZ - Yearly Performance Comparison

	2026 (YTD)	2025
FETH Fidelity Ethereum Fund	-36.91%	-0.47%
SOEZ Franklin Solana ETF	-37.14%	-11.69%

Correlation

The correlation between FETH and SOEZ is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025	0.88

Return for Risk

FETH vs. SOEZ — Risk / Return Rank

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

FETH

FETH Risk / Return Rank: 4
FETH Sharpe Ratio Rank: 4
FETH Sortino Ratio Rank: 4
FETH Omega Ratio Rank: 4
FETH Calmar Ratio Rank: 4
FETH Martin Ratio Rank: 4

SOEZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. SOEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and Franklin Solana ETF (SOEZ). 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	SOEZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	—	—
Sortino ratio: Return per unit of downside risk	-0.76	—	—
Omega ratio: Gain probability vs. loss probability	0.92	—	—
Calmar ratio: Return relative to maximum drawdown	-0.66	—	—
Martin ratio: Return relative to average drawdown	-1.03	—	—

Drawdowns

FETH vs. SOEZ - Drawdown Comparison

The maximum FETH drawdown since its inception was -67.94%, which is greater than SOEZ's maximum drawdown of -56.14%. Use the drawdown chart below to compare losses from any high point for FETH and SOEZ.

Drawdown Indicators

	FETH	SOEZ	Difference
Max Drawdown Largest peak-to-trough decline	-67.94%	-56.14%	-11.80%
Max Drawdown (1Y) Largest decline over 1 year	-67.94%	—	—
Current Drawdown Current decline from peak	-61.40%	-47.18%	-14.22%
Average Drawdown Average peak-to-trough decline	-34.68%	-34.12%	-0.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.63%	—	—

Volatility

Volatility by Period

	FETH	SOEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.59%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.50%	70.21%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.81%	70.21%	+1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.81%	70.21%	+1.60%

FETH vs. SOEZ - Expense Ratio Comparison

FETH has a 0.25% expense ratio, which is higher than SOEZ's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FETH vs. SOEZ - Dividend Comparison

FETH has not paid dividends to shareholders, while SOEZ's dividend yield for the trailing twelve months is around 0.87%.

Position	TTM
FETH Fidelity Ethereum Fund	0.00%
SOEZ Franklin Solana ETF	0.87%

Frequently Asked Questions

Can I hold both FETH and SOEZ in my portfolio?

FETH and SOEZ have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FETH or SOEZ?

On fees, SOEZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FETH or SOEZ?

SOEZ is cheaper with a 0.19% expense ratio, compared with 0.25% for FETH.

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

SOEZ has the higher dividend yield at 0.87%, compared with 0.00% for FETH.

What is the main difference between FETH and SOEZ?

They also come from different issuers: Fidelity and Franklin. Their fees differ too: 0.25% for FETH and 0.19% for SOEZ.