FTEC vs. FETH
FTEC (Fidelity MSCI Information Technology Index ETF) and FETH (Fidelity Ethereum Fund) are both exchange-traded funds - FTEC is a Technology Equities fund tracking the MSCI USA IMI Information Technology 25/50 Index, while FETH is a Cryptocurrency fund tracking the Fidelity Ethereum Reference Rate Index. Both are passively managed. Over the past year, FTEC returned 60.87% vs -31.75% for FETH. A 0.51 correlation means they provide meaningful diversification when combined. FTEC charges 0.08%/yr vs 0.00%/yr for FETH.
Performance
FTEC vs. FETH - Performance Comparison
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Returns By Period
In the year-to-date period, FTEC achieves a 31.89% return, which is significantly higher than FETH's -39.45% return.
FTEC
- 1D
- -1.49%
- 1M
- 18.21%
- YTD
- 31.89%
- 6M
- 30.74%
- 1Y
- 60.87%
- 3Y*
- 33.93%
- 5Y*
- 22.49%
- 10Y*
- 25.57%
FETH
- 1D
- -5.78%
- 1M
- -23.67%
- YTD
- -39.45%
- 6M
- -42.77%
- 1Y
- -31.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FTEC vs. FETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FTEC Fidelity MSCI Information Technology Index ETF | 31.89% | 22.11% | 6.90% |
FETH Fidelity Ethereum Fund | -39.45% | -11.37% | -3.61% |
Correlation
The correlation between FTEC 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 24, 2024 | 0.51 |
The correlation between FTEC and FETH has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
FTEC vs. FETH — Risk / Return Rank
FTEC
FETH
FTEC vs. FETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity MSCI Information Technology Index ETF (FTEC) 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.
| FTEC | FETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.44 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 0.97 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 3.76 | -0.51 | +4.27 |
| Martin ratioReturn relative to average drawdown | 12.10 | -0.84 | +12.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FTEC | FETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.97 | -0.47 | +3.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.04 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.99 | -0.41 | +1.40 |
Drawdowns
FTEC vs. FETH - Drawdown Comparison
The maximum FTEC drawdown since its inception was -34.95%, smaller than the maximum FETH drawdown of -64.00%. Use the drawdown chart below to compare losses from any high point for FTEC and FETH.
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Drawdown Indicators
| FTEC | FETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.95% | -64.00% | +29.05% |
Max Drawdown (1Y)Largest decline over 1 year | -16.26% | -62.95% | +46.69% |
Max Drawdown (3Y)Largest decline over 3 years | -27.30% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -34.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.95% | — | — |
Current DrawdownCurrent decline from peak | -1.49% | -62.95% | +61.46% |
Average DrawdownAverage peak-to-trough decline | -5.56% | -32.73% | +27.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.05% | 37.82% | -32.77% |
Volatility
FTEC vs. FETH - Volatility Comparison
The current volatility for Fidelity MSCI Information Technology Index ETF (FTEC) is 6.43%, while Fidelity Ethereum Fund (FETH) has a volatility of 9.99%. This indicates that FTEC 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
| FTEC | FETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.43% | 9.99% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 16.14% | 46.01% | -29.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.63% | 68.50% | -47.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.23% | 72.27% | -47.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.69% | 72.27% | -47.58% |
FTEC vs. FETH - Expense Ratio Comparison
FTEC has a 0.08% 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
FTEC vs. FETH - Dividend Comparison
FTEC's dividend yield for the trailing twelve months is around 0.32%, 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% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.32% | 0.43% | 0.49% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% |
Frequently Asked Questions
FTEC 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.
FETH has higher volatility (9.99%) compared to FTEC (6.43%). In terms of maximum drawdown, FTEC dropped -34.95% vs FETH's -64.00%.
On 1-year performance, FTEC leads with 60.87% vs -31.75% for FETH. On fees, FETH is cheaper at 0.00% per year. On volatility, FTEC has been the lower-risk option at 6.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FTEC has performed better with a 60.87% return vs -31.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FETH is cheaper with a 0.00% expense ratio, compared with 0.08% for FTEC.
FTEC has the higher dividend yield at 0.32%, compared with 0.00% for FETH.
FTEC is categorized as Technology Equities, while FETH is Cryptocurrency. FTEC tracks MSCI USA IMI Information Technology 25/50 Index, while FETH tracks Fidelity Ethereum Reference Rate Index. Their fees differ too: 0.08% for FTEC and 0.00% for FETH.
FTEC currently has the higher Sharpe Ratio (2.97 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.
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