FGRTX vs. FETH

Last updated Jun 9, 2026

FGRTX (Fidelity Mega Cap Stock Fund) and FETH (Fidelity Ethereum Fund) are both funds - FGRTX is a Large Cap Blend Equities fund actively managed by Fidelity, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. FGRTX is actively managed, while FETH is passively managed. Over the past year, FGRTX returned 27.40% vs -32.42% for FETH. At a 0.50 correlation, their price movements are largely independent. FGRTX charges 0.58%/yr vs 0.25%/yr for FETH.

Performance

FGRTX vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Mega Cap Stock Fund (FGRTX) 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, FGRTX achieves a 8.13% return, which is significantly higher than FETH's -43.33% return.

FGRTX

• 1D: -2.11%
• 1M: -0.65%
• YTD: 8.13%
• 6M: 9.72%
• 1Y: 27.40%
• 3Y*: 24.66%
• 5Y*: 15.67%
• 10Y*: 16.16%

FETH

• 1D: 6.91%
• 1M: -27.30%
• YTD: -43.33%
• 6M: -46.42%
• 1Y: -32.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FGRTX vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FGRTX Fidelity Mega Cap Stock Fund	8.13%	26.92%	5.94%
FETH Fidelity Ethereum Fund	-43.33%	-11.37%	-4.68%

Correlation

The correlation between FGRTX and FETH is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.50

Return for Risk

FGRTX vs. FETH — Risk / Return Rank

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

FGRTX

FGRTX Risk / Return Rank: 70
FGRTX Sharpe Ratio Rank: 69
FGRTX Sortino Ratio Rank: 63
FGRTX Omega Ratio Rank: 63
FGRTX Calmar Ratio Rank: 73
FGRTX Martin Ratio Rank: 81

FETH

FETH Risk / Return Rank: 6
FETH Sharpe Ratio Rank: 5
FETH Sortino Ratio Rank: 6
FETH Omega Ratio Rank: 6
FETH Calmar Ratio Rank: 5
FETH Martin Ratio Rank: 6

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.

FGRTX vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Mega Cap Stock Fund (FGRTX) 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.

	FGRTX	FETH	Difference
Sharpe ratio: Return per unit of total volatility	2.35	-0.47	+2.82
Sortino ratio: Return per unit of downside risk	3.21	-0.31	+3.52
Omega ratio: Gain probability vs. loss probability	1.42	0.97	+0.46
Calmar ratio: Return relative to maximum drawdown	3.20	-0.48	+3.68
Martin ratio: Return relative to average drawdown	14.48	-0.84	+15.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FGRTX vs. FETH - Sharpe Ratio Comparison

The current FGRTX Sharpe Ratio is 2.35, which is higher than the FETH Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of FGRTX 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.

Sharpe Ratios by Period

	FGRTX	FETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	-0.47	+2.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.94	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	-0.44	+0.91

Drawdowns

FGRTX vs. FETH - Drawdown Comparison

The maximum FGRTX drawdown since its inception was -56.17%, smaller than the maximum FETH drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for FGRTX and FETH.

Drawdown Indicators

	FGRTX	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-56.17%	-67.57%	+11.40%
Max Drawdown (1Y) Largest decline over 1 year	-8.99%	-67.57%	+58.58%
Max Drawdown (3Y) Largest decline over 3 years	-18.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.18%	—	—
Current Drawdown Current decline from peak	-2.45%	-65.33%	+62.88%
Average Drawdown Average peak-to-trough decline	-8.72%	-32.93%	+24.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	38.48%	-36.50%

Volatility

FGRTX vs. FETH - Volatility Comparison

The current volatility for Fidelity Mega Cap Stock Fund (FGRTX) is 3.39%, while Fidelity Ethereum Fund (FETH) has a volatility of 16.74%. This indicates that FGRTX 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

	FGRTX	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.39%	16.74%	-13.35%
Volatility (6M) Calculated over the trailing 6-month period	9.38%	46.94%	-37.56%
Volatility (1Y) Calculated over the trailing 1-year period	12.25%	69.70%	-57.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	72.70%	-55.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.13%	72.70%	-54.57%

FGRTX vs. FETH - Expense Ratio Comparison

FGRTX has a 0.58% expense ratio, which is higher than FETH's 0.25% expense ratio.

Dividends

FGRTX vs. FETH - Dividend Comparison

FGRTX's dividend yield for the trailing twelve months is around 3.60%, while FETH has not paid dividends to shareholders.

Position	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%
FGRTX Fidelity Mega Cap Stock Fund	3.60%	3.89%	2.68%	2.06%	4.38%	4.79%	7.96%	12.98%	21.72%	15.57%	1.97%	4.16%

Frequently Asked Questions

Can I hold both FGRTX and FETH in my portfolio?

FGRTX and FETH have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FGRTX or FETH?

FETH has higher volatility (16.74%) compared to FGRTX (3.39%). In terms of maximum drawdown, FGRTX dropped -56.17% vs FETH's -67.57%.

Which has better risk-adjusted returns?

FGRTX currently has the higher Sharpe Ratio (2.35 vs -0.47), 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.