- Issuer
- Bitwise
- Inception Date
- Sep 29, 2023
- Region
- Global (Broad)
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $9M
Share Price Chart
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Performance
AETH Performance Chart
Bitwise Ethereum Strategy ETF (AETH) is down 9.8% since the beginning of the year. AETH is currently trading at $33 per share.
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Returns By Period
Bitwise Ethereum Strategy ETF (AETH) has returned -9.78% so far this year and -12.85% over the past 12 months.
Bitwise Ethereum Strategy ETF
- 1D
- -0.01%
- 1M
- -4.00%
- YTD
- -9.78%
- 6M
- -12.04%
- 1Y
- -12.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -2.64%
- 1M
- 0.25%
- YTD
- 7.86%
- 6M
- 7.47%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AETH Monthly Returns History
Based on dividend-adjusted daily data since Oct 2, 2023, AETH's average daily return is +0.13%, while the average monthly return is +2.92%. At this rate, an investment would double in approximately 2.0 years.
Historically, 45% of months were positive and 55% were negative. The best month was Feb 2024 with a return of +47.6%, while the worst month was Aug 2024 at -23.6%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 5 months.
On a daily basis, AETH closed higher 51% of trading days. The best single day was May 8, 2025 with a return of +18.3%, while the worst single day was Aug 5, 2024 at -19.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.05% | 0.16% | -2.72% | 0.47% | -5.00% | 0.06% | -9.78% | ||||||
| 2025 | -11.55% | -4.61% | -12.41% | -0.15% | 42.95% | -8.82% | 42.78% | 4.17% | -9.69% | -17.86% | 0.22% | -6.08% | -0.11% |
| 2024 | -2.75% | 47.57% | 3.12% | -19.64% | 29.55% | -11.43% | -3.58% | -23.59% | 3.01% | -3.97% | 42.39% | -6.94% | 31.76% |
| 2023 | 8.90% | 11.96% | 12.91% | 37.65% |
Benchmark Metrics
Bitwise Ethereum Strategy ETF has an annualized alpha of -28.20%, beta of 1.42, and R2 of 0.15 versus S&P 500 Index. Calculated based on daily prices since October 03, 2023.
- This ETF participated in 100.31% of S&P 500 Index downside but only -8.77% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.15 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -28.20%
- Beta
- 1.42
- R²
- 0.15
- Upside Capture
- -8.77%
- Downside Capture
- 100.31%
Expense Ratio
AETH has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AETH ranks 7 for risk / return — in the bottom 7% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Bitwise Ethereum Strategy ETF (AETH) and compare them to S&P 500 Index.
| AETH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.98 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | — | — |
| Martin ratioReturn relative to average drawdown | -0.41 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Bitwise Ethereum Strategy ETF provided a 2.67% dividend yield over the last twelve months, with an annual payout of $0.87 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.87 | $0.87 | $5.46 | $2.14 |
Dividend yield | 2.67% | 2.41% | 14.73% | 6.64% |
Monthly Dividends
The table displays the monthly dividend distributions for Bitwise Ethereum Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.87 | $0.87 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.46 | $5.46 |
| 2023 | $2.14 | $2.14 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bitwise Ethereum Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bitwise Ethereum Strategy ETF was 47.78%, occurring on Sep 6, 2024. Recovery took 215 trading sessions.
The current Bitwise Ethereum Strategy ETF drawdown is 43.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -47.78%Sep 2024 | 5mo 28d | 10mo 15d | 1y 4moMar 2024 - Jul 2025 |
2026 bear market2026 | -43.98%May 2026 | 8mo 28d | — | 9mo 15dAug 2025 - now |
2024 correction2024 | -15.70%Jan 2024 | 11d | 20d | 1mo 1dJan 2024 - Feb 2024 |
2025 correction2025 | -12.94%Aug 2025 | 5d | 3d | 8dAug 2025 - Aug 2025 |
2023 pullback2023 | -8.99%Oct 2023 | 9d | 11d | 20dOct 2023 - Oct 2023 |
Drawdown Indicators
| AETH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.78% | -9.10% | -38.68% |
Max Drawdown (1Y)Largest decline over 1 year | -43.98% | — | — |
Current DrawdownCurrent decline from peak | -43.85% | -2.97% | -40.88% |
Average DrawdownAverage peak-to-trough decline | -24.71% | -1.13% | -23.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.09% | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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