FLDR vs. FETH

Last updated Jun 4, 2026

FLDR (Fidelity Low Duration Bond Factor ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FLDR is a Corporate Bonds fund tracking the Fidelity Low Duration Investment Grade Factor Index, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, FLDR returned 4.76% vs -31.75% for FETH. At a 0.10 correlation, their price movements are largely independent. FLDR charges 0.15%/yr vs 0.00%/yr for FETH.

Performance

FLDR vs. FETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Low Duration Bond Factor ETF (FLDR) 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, FLDR achieves a 1.44% return, which is significantly higher than FETH's -39.45% return.

FLDR

• 1D: -0.02%
• 1M: 0.41%
• YTD: 1.44%
• 6M: 1.76%
• 1Y: 4.76%
• 3Y*: 5.36%
• 5Y*: 3.70%
• 10Y*: —

FETH

• 1D: -5.78%
• 1M: -23.67%
• YTD: -39.45%
• 6M: -42.77%
• 1Y: -31.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FLDR vs. FETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLDR Fidelity Low Duration Bond Factor ETF	1.44%	5.41%	2.26%
FETH Fidelity Ethereum Fund	-39.45%	-11.37%	-3.61%

Correlation

The correlation between FLDR and FETH is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	0.10

Return for Risk

FLDR vs. FETH — Risk / Return Rank

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

FLDR

FLDR Risk / Return Rank: 98
FLDR Sharpe Ratio Rank: 98
FLDR Sortino Ratio Rank: 99
FLDR Omega Ratio Rank: 99
FLDR Calmar Ratio Rank: 96
FLDR Martin Ratio Rank: 98

FETH

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

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.

FLDR vs. FETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Low Duration Bond Factor ETF (FLDR) 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.

	FLDR	FETH	Difference
Sharpe ratio: Return per unit of total volatility	5.95	-0.47	+6.41
Sortino ratio: Return per unit of downside risk	10.06	-0.32	+10.37
Omega ratio: Gain probability vs. loss probability	2.75	0.97	+1.79
Calmar ratio: Return relative to maximum drawdown	10.24	-0.51	+10.74
Martin ratio: Return relative to average drawdown	70.25	-0.84	+71.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLDR vs. FETH - Sharpe Ratio Comparison

The current FLDR Sharpe Ratio is 5.95, which is higher than the FETH Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of FLDR 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

	FLDR	FETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.95	-0.47	+6.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	3.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	-0.41	+1.03

Drawdowns

FLDR vs. FETH - Drawdown Comparison

The maximum FLDR drawdown since its inception was -12.23%, smaller than the maximum FETH drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for FLDR and FETH.

Drawdown Indicators

	FLDR	FETH	Difference
Max Drawdown Largest peak-to-trough decline	-12.23%	-64.00%	+51.77%
Max Drawdown (1Y) Largest decline over 1 year	-0.47%	-62.95%	+62.48%
Max Drawdown (3Y) Largest decline over 3 years	-0.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-2.33%	—	—
Current Drawdown Current decline from peak	-0.02%	-62.95%	+62.93%
Average Drawdown Average peak-to-trough decline	-0.35%	-32.73%	+32.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.07%	37.82%	-37.75%

Volatility

FLDR vs. FETH - Volatility Comparison

The current volatility for Fidelity Low Duration Bond Factor ETF (FLDR) is 0.19%, while Fidelity Ethereum Fund (FETH) has a volatility of 9.99%. This indicates that FLDR 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

	FLDR	FETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.19%	9.99%	-9.80%
Volatility (6M) Calculated over the trailing 6-month period	0.58%	46.01%	-45.43%
Volatility (1Y) Calculated over the trailing 1-year period	0.80%	68.50%	-67.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.21%	72.27%	-71.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.26%	72.27%	-67.01%

FLDR vs. FETH - Expense Ratio Comparison

FLDR has a 0.15% expense ratio, which is higher than FETH's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

FLDR vs. FETH - Dividend Comparison

FLDR's dividend yield for the trailing twelve months is around 4.43%, 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%
FLDR Fidelity Low Duration Bond Factor ETF	4.43%	4.66%	5.50%	5.28%	2.09%	0.51%	1.22%	2.69%	1.38%

Frequently Asked Questions

Can I hold both FLDR and FETH in my portfolio?

FLDR and FETH have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLDR or FETH?

FETH has higher volatility (9.99%) compared to FLDR (0.19%). In terms of maximum drawdown, FLDR dropped -12.23% vs FETH's -64.00%.

Which ETF is better, FLDR or FETH?

On 1-year performance, FLDR leads with 4.76% vs -31.75% for FETH. On fees, FETH is cheaper at 0.00% per year. On volatility, FLDR has been the lower-risk option at 0.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLDR or FETH?

Over the 1-year period, FLDR has performed better with a 4.76% return vs -31.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLDR or FETH?

FETH is cheaper with a 0.00% expense ratio, compared with 0.15% for FLDR.

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

FLDR has the higher dividend yield at 4.43%, compared with 0.00% for FETH.

What is the main difference between FLDR and FETH?

FLDR is categorized as Corporate Bonds, while FETH is Cryptocurrency. FLDR tracks Fidelity Low Duration Investment Grade Factor Index, while FETH tracks Fidelity Ethereum Reference Rate Index. Their fees differ too: 0.15% for FLDR and 0.00% for FETH.

Which has better risk-adjusted returns?

FLDR currently has the higher Sharpe Ratio (5.95 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.