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Bitwise Ethereum Strategy ETF (AETH)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

Issuer
Bitwise
Inception Date
Sep 29, 2023
Region
Global (Broad)
Leveraged
1x (No leverage)
Index Tracked
No Index (Active)
Distribution Policy
Distributing
Asset Class
Cryptocurrency
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Bitwise Ethereum Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Bitwise Ethereum Strategy ETF (AETH) has returned -5.53% so far this year and 27.68% over the past 12 months.


Bitwise Ethereum Strategy ETF

1D
-0.03%
1M
-2.72%
YTD
-5.53%
6M
-26.96%
1Y
27.68%
3Y*
5Y*
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since Oct 2, 2023, AETH's average daily return is +0.15%, while the average monthly return is +3.36%. At this rate, your investment would double in approximately 1.7 years.

Historically, 43% of months were positive and 57% 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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-3.05%0.16%-2.72%-5.53%
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%
20238.90%11.96%12.91%37.65%

Benchmark Metrics

Bitwise Ethereum Strategy ETF has an annualized alpha of 19.81%, beta of 1.06, and R² of 0.09 versus S&P 500 Index. Calculated based on daily prices since October 03, 2023.

  • This ETF participated in 182.55% of S&P 500 Index downside but only 180.31% of its upside — more exposed to losses than it benefited from rallies.
  • R² of 0.09 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
19.81%
Beta
1.06
0.09
Upside Capture
180.31%
Downside Capture
182.55%

Expense Ratio

AETH has an expense ratio of 0.90%, placing it in the medium range.


Return for Risk

Risk / Return Rank

AETH ranks 32 for risk / return — below 32% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


AETH Risk / Return Rank: 3232
Overall Rank
AETH Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
AETH Sortino Ratio Rank: 4343
Sortino Ratio Rank
AETH Omega Ratio Rank: 4545
Omega Ratio Rank
AETH Calmar Ratio Rank: 2626
Calmar Ratio Rank
AETH Martin Ratio Rank: 1919
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Bitwise Ethereum Strategy ETF (AETH) and compare them to a chosen benchmark (S&P 500 Index).


AETHBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.55

0.90

-0.35

Sortino ratio

Return per unit of downside risk

1.25

1.39

-0.14

Omega ratio

Gain probability vs. loss probability

1.18

1.21

-0.03

Calmar ratio

Return relative to maximum drawdown

0.60

1.40

-0.80

Martin ratio

Return relative to average drawdown

0.97

6.61

-5.64

Explore AETH risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Bitwise Ethereum Strategy ETF provided a 2.55% dividend yield over the last twelve months, with an annual payout of $0.87 per share.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%$0.00$1.00$2.00$3.00$4.00$5.00202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
Dividend$0.87$0.87$5.46$2.14

Dividend yield

2.55%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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$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 41.20%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-47.78%Mar 12, 2024124Sep 6, 2024215Jul 18, 2025339
-41.4%Aug 25, 2025131Mar 3, 2026
-15.7%Jan 12, 20247Jan 23, 202414Feb 12, 202421
-12.94%Aug 14, 20254Aug 19, 20253Aug 22, 20257
-8.99%Oct 3, 20238Oct 12, 20237Oct 23, 202315

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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