FIGB vs. FETH
FIGB (Fidelity Investment Grade Bond ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FIGB is a Intermediate Core Bond fund actively managed by Fidelity, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. FIGB is actively managed, while FETH is passively managed. Over the past year, FIGB returned 4.33% vs -35.26% for FETH. At a 0.06 correlation, their price movements are largely independent. FIGB charges 0.36%/yr vs 0.25%/yr for FETH.
Performance
FIGB vs. FETH - Performance Comparison
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Returns By Period
In the year-to-date period, FIGB achieves a 0.76% return, which is significantly higher than FETH's -46.74% return.
FIGB
- 1D
- 0.60%
- 1M
- 1.14%
- YTD
- 0.76%
- 6M
- 0.74%
- 1Y
- 4.33%
- 3Y*
- 4.22%
- 5Y*
- 0.33%
- 10Y*
- —
FETH
- 1D
- -4.71%
- 1M
- -23.26%
- YTD
- -46.74%
- 6M
- -46.16%
- 1Y
- -35.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FIGB vs. FETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FIGB Fidelity Investment Grade Bond ETF | 0.76% | 6.95% | 0.99% |
FETH Fidelity Ethereum Fund | -46.74% | -11.37% | -4.68% |
Correlation
The correlation between FIGB and FETH is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.06 |
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Return for Risk
FIGB vs. FETH — Risk / Return Rank
FIGB
FETH
FIGB vs. FETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Investment Grade Bond ETF (FIGB) 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.
| FIGB | FETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.99 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 0.95 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.48 | -0.52 | +2.01 |
| Martin ratioReturn relative to average drawdown | 4.32 | -0.87 | +5.18 |
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Drawdowns
FIGB vs. FETH - Drawdown Comparison
The maximum FIGB drawdown since its inception was -18.08%, smaller than the maximum FETH drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for FIGB and FETH.
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Drawdown Indicators
| FIGB | FETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -67.57% | +49.49% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -67.57% | +64.64% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | — | — |
Current DrawdownCurrent decline from peak | -0.99% | -67.42% | +66.43% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -33.76% | +26.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 40.71% | -39.71% |
Volatility
FIGB vs. FETH - Volatility Comparison
The current volatility for Fidelity Investment Grade Bond ETF (FIGB) is 1.06%, while Fidelity Ethereum Fund (FETH) has a volatility of 19.96%. This indicates that FIGB 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.
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Volatility by Period
| FIGB | FETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 19.96% | -18.90% |
Volatility (6M)Calculated over the trailing 6-month period | 2.94% | 46.42% | -43.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.08% | 69.19% | -65.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.29% | 72.39% | -66.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 72.39% | -66.24% |
FIGB vs. FETH - Expense Ratio Comparison
FIGB has a 0.36% expense ratio, which is higher than FETH's 0.25% expense ratio.
Dividends
FIGB vs. FETH - Dividend Comparison
FIGB's dividend yield for the trailing twelve months is around 4.08%, while FETH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
FETH Fidelity Ethereum Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FIGB Fidelity Investment Grade Bond ETF | 4.08% | 4.15% | 4.28% | 3.79% | 2.44% | 1.10% |
Frequently Asked Questions
FIGB and FETH have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FETH has higher volatility (19.96%) compared to FIGB (1.06%). In terms of maximum drawdown, FIGB dropped -18.08% vs FETH's -67.57%.
On 1-year performance, FIGB leads with 4.33% vs -35.26% for FETH. On fees, FETH is cheaper at 0.25% per year. On volatility, FIGB has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FIGB has performed better with a 4.33% return vs -35.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FETH is cheaper with a 0.25% expense ratio, compared with 0.36% for FIGB.
FIGB has the higher dividend yield at 4.08%, compared with 0.00% for FETH.
FIGB is categorized as Intermediate Core Bond, while FETH is Cryptocurrency. Their fees differ too: 0.36% for FIGB and 0.25% for FETH.
FIGB currently has the higher Sharpe Ratio (1.07 vs -0.51), 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.
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