FIVA vs. FETH

Last updated Jun 24, 2026

FIVA (Fidelity International Value Factor ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FIVA is a Foreign Large Cap Equities fund tracking the Fidelity International Value Factor Index, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, FIVA returned 37.08% vs -28.45% for FETH. At a 0.35 correlation, their price movements are largely independent. FIVA charges 0.18%/yr vs 0.25%/yr for FETH.

Performance

FIVA vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity International Value Factor ETF (FIVA) 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, FIVA achieves a 13.25% return, which is significantly higher than FETH's -44.11% return.

FIVA

• 1D: -2.31%
• 1M: 1.70%
• YTD: 13.25%
• 6M: 13.22%
• 1Y: 37.08%
• 3Y*: 22.73%
• 5Y*: 13.11%
• 10Y*: —

FETH

• 1D: -4.17%
• 1M: -19.46%
• YTD: -44.11%
• 6M: -44.07%
• 1Y: -28.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FIVA vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FIVA Fidelity International Value Factor ETF	13.25%	45.83%	-5.97%
FETH Fidelity Ethereum Fund	-44.11%	-11.37%	-4.68%

Correlation

The correlation between FIVA and FETH is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.35

Return for Risk

FIVA vs. FETH — Risk / Return Rank

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

FIVA

FIVA Risk / Return Rank: 73
FIVA Sharpe Ratio Rank: 77
FIVA Sortino Ratio Rank: 76
FIVA Omega Ratio Rank: 73
FIVA Calmar Ratio Rank: 67
FIVA Martin Ratio Rank: 70

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.

FIVA vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity International Value Factor ETF (FIVA) 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.

	FIVA	FETH	Difference
Sharpe ratio: Return per unit of total volatility	2.34	-0.41	+2.75
Sortino ratio: Return per unit of downside risk	3.21	-0.20	+3.42
Omega ratio: Gain probability vs. loss probability	1.41	0.98	+0.43
Calmar ratio: Return relative to maximum drawdown	3.18	-0.42	+3.60
Martin ratio: Return relative to average drawdown	12.44	-0.70	+13.14

FIVA vs. FETH - Sharpe Ratio Comparison

The current FIVA Sharpe Ratio is 2.34, which is higher than the FETH Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of FIVA 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

FIVA vs. FETH - Drawdown Comparison

The maximum FIVA drawdown since its inception was -39.76%, smaller than the maximum FETH drawdown of -67.57%. Use the drawdown chart below to compare losses from any high point for FIVA and FETH.

Drawdown Indicators

	FIVA	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-39.76%	-67.57%	+27.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-67.57%	+55.86%
Max Drawdown (3Y) Largest decline over 3 years	-14.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.70%	—	—
Current Drawdown Current decline from peak	-2.31%	-65.81%	+63.50%
Average Drawdown Average peak-to-trough decline	-7.73%	-33.69%	+25.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	40.48%	-37.49%

Volatility

FIVA vs. FETH - Volatility Comparison

The current volatility for Fidelity International Value Factor ETF (FIVA) is 6.05%, while Fidelity Ethereum Fund (FETH) has a volatility of 19.78%. This indicates that FIVA 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

	FIVA	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.05%	19.78%	-13.73%
Volatility (6M) Calculated over the trailing 6-month period	13.46%	46.89%	-33.43%
Volatility (1Y) Calculated over the trailing 1-year period	15.95%	69.15%	-53.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.45%	72.38%	-55.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.95%	72.38%	-54.43%

FIVA vs. FETH - Expense Ratio Comparison

FIVA has a 0.18% expense ratio, which is lower than FETH's 0.25% 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%.

Dividends

FIVA vs. FETH - Dividend Comparison

FIVA's dividend yield for the trailing twelve months is around 2.66%, 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%
FIVA Fidelity International Value Factor ETF	2.66%	2.68%	3.52%	3.63%	3.62%	3.76%	2.46%	3.61%	3.28%

Frequently Asked Questions

Can I hold both FIVA and FETH in my portfolio?

FIVA and FETH have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FIVA or FETH?

FETH has higher volatility (19.78%) compared to FIVA (6.05%). In terms of maximum drawdown, FIVA dropped -39.76% vs FETH's -67.57%.

Which ETF is better, FIVA or FETH?

On 1-year performance, FIVA leads with 37.08% vs -28.45% for FETH. On fees, FIVA is cheaper at 0.18% per year. On volatility, FIVA has been the lower-risk option at 6.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FIVA or FETH?

Over the 1-year period, FIVA has performed better with a 37.08% return vs -28.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FIVA or FETH?

FIVA is cheaper with a 0.18% expense ratio, compared with 0.25% for FETH.

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

FIVA has the higher dividend yield at 2.66%, compared with 0.00% for FETH.

What is the main difference between FIVA and FETH?

FIVA is categorized as Foreign Large Cap Equities, while FETH is Cryptocurrency. FIVA tracks Fidelity International Value Factor Index, while FETH tracks Fidelity Ethereum Reference Rate Index. Their fees differ too: 0.18% for FIVA and 0.25% for FETH.

Which has better risk-adjusted returns?

FIVA currently has the higher Sharpe Ratio (2.34 vs -0.41), 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.