Data as of Oct 28, 2026.
ETHE vs FETH: Tracking, Returns & Fees
Over the year to Oct 28, 2026, ETHE finished 0.55 of a percentage point behind Ether and FETH 0.15 behind.
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Net assets: $1.2bn on Jun 30, 2026 for Grayscale Ethereum Staking ETF, and $1.6bn on Sep 30, 2026 for Fidelity Ethereum Fund.
ETHE over 1 year: fund −41.89%, Ether −41.34%, 0.55 pts behind Ether. Data to Oct 28, 2026.
Data to Oct 28, 2026.FETH over 1 year: fund −41.49%, Ether −41.34%, 0.15 pts behind Ether. Data to Oct 28, 2026.
Data to Oct 28, 2026.Pair scorecard
FETH costs 2.25 points a year less; their one-year returns differ by 0.4 points.
| Measure | ETHE | FETH |
|---|---|---|
| Return | ||
| Total return, 1 year | −41.9% | −41.5% |
| Against its benchmark | ||
| What it tracks | Ether | Ether |
| Against Ether, same days | 0.6% behind | 0.2% behind |
| Cost and size | ||
| Expense ratio | 2.50% | 0.25% |
| Net assets, ETHE as of Jun 30, 2026 and FETH as of Sep 30, 2026 | $1.2bn | $1.6bn |
| Reports to the SEC on | 10-K, not N-PORT | |
| Holdings | ||
| Holdings in common | not published | |
How much of its coin's move it captured, after costs, ranked against 26 spot crypto trusts with a full year. 100 is best. How it is computed
A percentile among the 26 spot crypto trusts with a full year. Share of the coin's own price growth a holder kept; funds on different coins are ranked together. All crypto ETFs ranked by it →
Side by side
As of Oct 28, 2026. Source: ETFIQ.
Window by window
| Total return | The coin over the same days | Difference, percentage points | ||||
|---|---|---|---|---|---|---|
| Window | ETHE | FETH | ETHE | FETH | ETHE | FETH |
| 1 month | −11.4% | −11.3% | −11.3% | −11.3% | −0.1 pts | 0.0 pts |
| 3 months | +25.3% | +25.6% | +25.6% | +25.6% | −0.3 pts | 0.0 pts |
| 6 months | +5.7% | +6.0% | +6.1% | +6.1% | −0.5 pts | −0.2 pts |
| 1 year | −41.9% | −41.5% | −41.3% | −41.3% | −0.6 pts | −0.2 pts |
| 3 years | +51.7% | – | +33.5% | – | +13.6% of its growth | – |
| Since each listed | – | −31.9% | – | −31.5% | – | −0.5 pts |
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The same coin, two trusts
ETHE and FETH hold the same asset. Both are 1933 Act trusts holding Ether through a custodian, so neither has a portfolio to compare: the whole of each fund is one line. Over the same days, ETHE finished 0.55 of a percentage point behind Ether and FETH 0.15 of a percentage point behind, so FETH kept more of what holding the coin gave, by 0.40 of a percentage point. That gap is the fee, the custody, the creation and redemption friction and the market’s pricing of the shares, compounded into one number.
ETHE and FETH are built for the same job. How do they differ in cost, holdings and results?
- Cost. ETHE charges 2.50% of assets a year and FETH 0.25%, a gap of 2.25 points.
- What each follows (similar). Both follow Ether.
- One-year total return (similar). Over 1 year to Oct 28, 2026 ETHE returned −41.9% and FETH −41.5% with distributions reinvested, a gap of 0.4 points.
Data as of Oct 28, 2026.
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ETHE’s own filings say it does (424B3, Aug 7, 2026). It charges 2.50% and finished only 0.6% behind Ether, so staking covered about 1.9% of that fee over these days.
ETHE holds Ether through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Oct 28, 2026, Ether moved −41.3% and ETHE returned −41.9%. That leaves it 0.55 of a percentage point behind. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks, and whatever the market paid for the shares rather than for the coin, all of it together. It is the only number on this page the sponsor does not publish itself. ETHE charges 2.50% a year and finished 0.6% behind Ether, so the fee is more than the whole difference. Ether is a proof of stake chain, so a fund holding it can stake. A spot trust is not a registered investment company. It files a 10-K rather than an N-PORT, and its holding is one line: the Ether it custodies.
FETH’s own filings say it does (424B3, Aug 21, 2026).
FETH holds Ether through a custodian and trades on an exchange, so a holder gets the coin’s return inside a brokerage account rather than a wallet. Over the year to Oct 28, 2026, Ether moved −41.3% and FETH returned −41.5%. That leaves it 0.15 of a percentage point behind. FETH charges 0.25% a year and finished 0.2% behind Ether, so the fee is almost the whole of the difference. Over the window ETFIQ measures it did not finish ahead of Ether’s own price, so whatever it earned did not cover its costs.
Questions people ask
- Which tracked Ether more closely, ETHE or FETH?
- Over the window to Oct 28, 2026, ETHE finished 0.55 of a percentage point behind Ether and FETH 0.15 of a percentage point behind, so FETH tracked it more closely, by 0.40 of a percentage point. That difference is the fee, the custody cost, the friction of creating and redeeming shares in blocks and whatever the market paid for the shares rather than for the coin, all together.
- Do ETHE or FETH pay a staking yield?
- Ether is a proof of stake chain, so staking is possible. Whether either trust stakes, and what the sponsor keeps of it, is a term in its own filings and is read from those rather than assumed.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ETHE against FETH, data as of Oct 28, 2026. https://etfiq.com/compare/crypto/ethe-vs-feth
ETFIQ. (Oct 28, 2026). ETHE against FETH. Retrieved from https://etfiq.com/compare/crypto/ethe-vs-feth
[ETHE against FETH (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/crypto/ethe-vs-feth)
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