FFLV vs. FETH

Last updated Aug 4, 2026

FFLV (Fidelity Fundamental Large Cap Value ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FFLV is a Large Cap Value Equities fund actively managed by Fidelity, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. FFLV is actively managed, while FETH is passively managed. Over the past year, FFLV returned 33.97% vs -46.78% for FETH. Their 0.35 correlation means their historical movements had little consistent relationship. FFLV charges 0.38%/yr vs 0.25%/yr for FETH.

Performance

FFLV vs. FETH - Performance Comparison

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

Returns By Period

In the year-to-date period, FFLV achieves a 19.24% return, which is significantly higher than FETH's -37.15% return.

FFLV

• 1D: 0.85%
• 1M: 3.63%
• 6M: 13.59%
• YTD: 19.24%
• 1Y: 33.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 13.94%

FETH

• 1D: 0.16%
• 1M: 9.86%
• 6M: -19.58%
• YTD: -37.15%
• 1Y: -46.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.81%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FETH Fidelity Ethereum Fund	$29.41M	$29.69M	$35.01M
FFLV Fidelity Fundamental Large Cap Value ETF	$226.71K	$143.42K	$105.18K

FFLV vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FFLV Fidelity Fundamental Large Cap Value ETF	19.24%	16.04%	3.07%
FETH Fidelity Ethereum Fund	-37.15%	-11.37%	-4.68%

Correlation

The correlation between FFLV and FETH is 0.35, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.35
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.35

Return for Risk

FFLV vs. FETH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FFLV

FFLV Risk / Return Rank: 95
FFLV Sharpe Ratio Rank: 96
FFLV Sortino Ratio Rank: 96
FFLV Omega Ratio Rank: 94
FFLV Calmar Ratio Rank: 93
FFLV Martin Ratio Rank: 94

FETH

FETH Risk / Return Rank: 4
FETH Sharpe Ratio Rank: 3
FETH Sortino Ratio Rank: 4
FETH Omega Ratio Rank: 4
FETH Calmar Ratio Rank: 4
FETH Martin Ratio Rank: 5

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FFLV vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Fundamental Large Cap Value ETF (FFLV) and Fidelity Ethereum Fund (FETH). 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.

	FFLV	FETH	Difference
Sharpe ratio: Return per unit of total volatility	3.02	-0.70	+3.72
Sortino ratio: Return per unit of downside risk	4.28	-0.85	+5.13
Omega ratio: Gain probability vs. loss probability	1.54	0.91	+0.63
Calmar ratio: Return relative to maximum drawdown	4.71	-0.69	+5.40
Martin ratio: Return relative to average drawdown	18.97	-1.03	+19.99

FFLV vs. FETH - Sharpe Ratio Comparison

The current FFLV Sharpe Ratio is 3.02, which is higher than the FETH Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of FFLV and FETH, 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

FFLV vs. FETH - Drawdown Comparison

The maximum FFLV drawdown since its inception was -16.71%, smaller than the maximum FETH drawdown of -67.94%. Use the drawdown chart below to compare losses from any high point for FFLV and FETH.

Drawdown Indicators

	FFLV	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-16.71%	-67.94%	+51.23%
Max Drawdown (1Y) Largest decline over 1 year	-7.24%	-67.94%	+60.70%
Current Drawdown Current decline from peak	0.00%	-61.55%	+61.55%
Average Drawdown Average peak-to-trough decline	-3.37%	-35.30%	+31.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.80%	45.61%	-43.81%

Volatility

FFLV vs. FETH - Volatility Comparison

The current volatility for Fidelity Fundamental Large Cap Value ETF (FFLV) is 2.89%, while Fidelity Ethereum Fund (FETH) has a volatility of 12.28%. This indicates that FFLV experiences smaller price fluctuations and is considered to be less risky than FETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFLV	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	12.28%	-9.39%
Volatility (6M) Calculated over the trailing 6-month period	8.36%	45.60%	-37.24%
Volatility (1Y) Calculated over the trailing 1-year period	11.33%	67.10%	-55.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	71.16%	-56.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.93%	71.16%	-56.23%

FFLV vs. FETH - Expense Ratio Comparison

FFLV has a 0.38% expense ratio, which is higher than FETH's 0.25% expense ratio.

Dividends

FFLV vs. FETH - Dividend Comparison

FFLV's dividend yield for the trailing twelve months is around 1.35%, while FETH has not paid dividends to shareholders.

Position	TTM	2025	2024
FETH Fidelity Ethereum Fund	0.00%	0.00%	0.00%
FFLV Fidelity Fundamental Large Cap Value ETF	1.35%	1.60%	1.46%

Frequently Asked Questions

Can I hold both FFLV and FETH in my portfolio?

FFLV and FETH have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFLV or FETH?

FETH has higher volatility (12.28%) compared to FFLV (2.89%). In terms of maximum drawdown, FFLV dropped -16.71% vs FETH's -67.94%.

Which ETF is better, FFLV or FETH?

On 1-year performance, FFLV leads with 33.97% vs -46.78% for FETH. On fees, FETH is cheaper at 0.25% per year. On volatility, FFLV has been the lower-risk option at 2.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFLV or FETH?

Over the 1-year period, FFLV has performed better with a 33.97% return vs -46.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFLV or FETH?

FETH is cheaper with a 0.25% expense ratio, compared with 0.38% for FFLV.

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

FFLV has the higher dividend yield at 1.35%, compared with 0.00% for FETH.

What is the main difference between FFLV and FETH?

FFLV is categorized as Large Cap Value Equities, while FETH is Cryptocurrency. Their fees differ too: 0.38% for FFLV and 0.25% for FETH.

Which has better risk-adjusted returns?

FFLV currently has the higher Sharpe Ratio (3.02 vs -0.70), 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.