FIDI vs. FETH

Last updated Aug 4, 2026

FIDI (Fidelity International High Dividend ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FIDI is a Foreign Large Cap Equities fund tracking the Fidelity® International High Dividend Index, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, FIDI returned 31.09% vs -46.78% for FETH. Their 0.29 correlation means their historical movements had little consistent relationship. FIDI charges 0.39%/yr vs 0.25%/yr for FETH.

Performance

FIDI vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International High Dividend ETF (FIDI) 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, FIDI achieves a 15.39% return, which is significantly higher than FETH's -37.15% return.

FIDI

• 1D: -0.17%
• 1M: 5.79%
• 6M: 9.31%
• YTD: 15.39%
• 1Y: 31.09%
• 3Y*: 20.22%
• 5Y*: 12.48%
• 10Y*: —
• ALL TIME*: 6.47%

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
FIDI Fidelity International High Dividend ETF	$1.67M	$1.97M	$1.82M

FIDI vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIDI Fidelity International High Dividend ETF	15.39%	39.34%	-4.94%
FETH Fidelity Ethereum Fund	-37.15%	-11.37%	-4.68%

Correlation

The correlation between FIDI 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	0.30

Return for Risk

FIDI vs. FETH — Risk / Return Rank

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

FIDI

FIDI Risk / Return Rank: 93
FIDI Sharpe Ratio Rank: 94
FIDI Sortino Ratio Rank: 93
FIDI Omega Ratio Rank: 93
FIDI Calmar Ratio Rank: 93
FIDI Martin Ratio Rank: 91

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.

FIDI vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International High Dividend ETF (FIDI) 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.

	FIDI	FETH	Difference
Sharpe ratio: Return per unit of total volatility	2.69	-0.70	+3.39
Sortino ratio: Return per unit of downside risk	3.63	-0.85	+4.48
Omega ratio: Gain probability vs. loss probability	1.48	0.91	+0.57
Calmar ratio: Return relative to maximum drawdown	4.49	-0.69	+5.18
Martin ratio: Return relative to average drawdown	15.56	-1.03	+16.59

FIDI vs. FETH - Sharpe Ratio Comparison

The current FIDI Sharpe Ratio is 2.69, which is higher than the FETH Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of FIDI 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

FIDI vs. FETH - Drawdown Comparison

The maximum FIDI drawdown since its inception was -46.34%, smaller than the maximum FETH drawdown of -67.94%. Use the drawdown chart below to compare losses from any high point for FIDI and FETH.

Drawdown Indicators

	FIDI	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-46.34%	-67.94%	+21.60%
Max Drawdown (1Y) Largest decline over 1 year	-6.96%	-67.94%	+60.98%
Max Drawdown (3Y) Largest decline over 3 years	-12.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.05%	—	—
Current Drawdown Current decline from peak	-1.09%	-61.55%	+60.46%
Average Drawdown Average peak-to-trough decline	-9.63%	-35.30%	+25.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	45.61%	-43.61%

Volatility

FIDI vs. FETH - Volatility Comparison

The current volatility for Fidelity International High Dividend ETF (FIDI) is 2.78%, while Fidelity Ethereum Fund (FETH) has a volatility of 12.28%. This indicates that FIDI 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

	FIDI	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.78%	12.28%	-9.50%
Volatility (6M) Calculated over the trailing 6-month period	9.27%	45.60%	-36.33%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	67.10%	-55.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.81%	71.16%	-56.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.61%	71.16%	-52.55%

FIDI vs. FETH - Expense Ratio Comparison

FIDI has a 0.39% expense ratio, which is higher than FETH's 0.25% expense ratio.

Dividends

FIDI vs. FETH - Dividend Comparison

FIDI's dividend yield for the trailing twelve months is around 3.90%, while FETH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
FETH Fidelity Ethereum Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FIDI Fidelity International High Dividend ETF	3.90%	4.33%	5.72%	4.80%	5.09%	4.00%	3.36%	4.26%	4.37%

Frequently Asked Questions

Can I hold both FIDI and FETH in my portfolio?

FIDI 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, FIDI or FETH?

FETH has higher volatility (12.28%) compared to FIDI (2.78%). In terms of maximum drawdown, FIDI dropped -46.34% vs FETH's -67.94%.

Which ETF is better, FIDI or FETH?

On 1-year performance, FIDI leads with 31.09% vs -46.78% for FETH. On fees, FETH is cheaper at 0.25% per year. On volatility, FIDI has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIDI or FETH?

Over the 1-year period, FIDI has performed better with a 31.09% return vs -46.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIDI or FETH?

FETH is cheaper with a 0.25% expense ratio, compared with 0.39% for FIDI.

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

FIDI has the higher dividend yield at 3.90%, compared with 0.00% for FETH.

What is the main difference between FIDI and FETH?

FIDI is categorized as Foreign Large Cap Equities, while FETH is Cryptocurrency. FIDI tracks Fidelity® International High Dividend Index, while FETH tracks Fidelity Ethereum Reference Rate Index. Their fees differ too: 0.39% for FIDI and 0.25% for FETH.

Which has better risk-adjusted returns?

FIDI currently has the higher Sharpe Ratio (2.69 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.