FETH vs. SPY
Compare and contrast key facts about Fidelity Ethereum Fund (FETH) and SPDR S&P 500 ETF (SPY).
FETH and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FETH and SPY 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 SPY.
Correlation
The correlation between FETH and SPY is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FETH vs. SPY - Performance Comparison
Key characteristics
FETH:
72.57%
SPY:
12.58%
FETH:
-35.89%
SPY:
-55.19%
FETH:
-11.29%
SPY:
-2.28%
Returns By Period
In the year-to-date period, FETH achieves a 7.90% return, which is significantly higher than SPY's 1.00% return.
FETH
7.90%
-7.52%
N/A
N/A
N/A
N/A
SPY
1.00%
-2.26%
7.41%
28.30%
14.67%
13.46%
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FETH vs. SPY - Expense Ratio Comparison
FETH has a 0.00% expense ratio, which is lower than SPY's 0.09% 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. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Ethereum Fund (FETH) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FETH has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.19%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.19% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
FETH vs. SPY - Drawdown Comparison
The maximum FETH drawdown since its inception was -35.89%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FETH and SPY. For additional features, visit the drawdowns tool.
Volatility
FETH vs. SPY - Volatility Comparison
Fidelity Ethereum Fund (FETH) has a higher volatility of 20.93% compared to SPDR S&P 500 ETF (SPY) at 4.37%. This indicates that FETH's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.