- Issuer
- Grayscale
- Inception Date
- Sep 3, 2025
- 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
- $4M
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ETCO Performance Chart
Grayscale Ethereum Covered Call ETF (ETCO) is down 34.8% since the beginning of the year. ETCO is currently trading at $9 per share.
Loading charts...
Returns By Period
Grayscale Ethereum Covered Call ETF
- 1D
- 2.50%
- 1M
- -13.58%
- YTD
- -34.76%
- 6M
- -33.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ETCO Monthly Returns History
Based on dividend-adjusted daily data since Sep 4, 2025, ETCO's average daily return is -0.31%, while the average monthly return is -6.51%.
Historically, 30% of months were positive and 70% were negative. The best month was Apr 2026 with a return of +8.9%, while the worst month was Feb 2026 at -23.7%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ETCO closed higher 51% of trading days. The best single day was Dec 2, 2025 with a return of +7.6%, while the worst single day was Feb 5, 2026 at -13.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.44% | -23.70% | 8.51% | 8.92% | -8.21% | -12.01% | -34.76% | ||||||
| 2025 | -3.57% | -9.54% | -16.38% | 1.35% | -26.08% |
Benchmark Metrics
Grayscale Ethereum Covered Call ETF has an annualized alpha of -69.61%, beta of 2.13, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 04, 2025.
- This ETF participated in 293.86% of S&P 500 Index downside but only -101.91% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.28 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
- -69.61%
- Beta
- 2.13
- R²
- 0.28
- Upside Capture
- -101.91%
- Downside Capture
- 293.86%
Expense Ratio
ETCO has an expense ratio of 0.66%, placing it in the medium range.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETCO | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.78 | — |
| Martin ratioReturn relative to average drawdown | — | 12.44 | — |
Dividends
Dividend History
Grayscale Ethereum Covered Call ETF provided a 136.04% dividend yield over the last twelve months, with an annual payout of $12.04 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $12.04 | $7.95 |
Dividend yield | 136.04% | 42.29% |
Monthly Dividends
The table displays the monthly dividend distributions for Grayscale Ethereum Covered Call 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 | $0.91 | $1.02 | $0.80 | $0.60 | $0.53 | $0.22 | $4.09 | ||||||
| 2025 | $2.24 | $2.33 | $1.57 | $1.81 | $7.95 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Grayscale Ethereum Covered Call 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 Grayscale Ethereum Covered Call ETF was 59.30%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current Grayscale Ethereum Covered Call ETF drawdown is 55.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -59.30%Jun 2026 | 8mo 20d | — | 9mo 8dSep 2025 - now |
2025 pullback2025 | -1.72%Sep 2025 | 0s | 6d | 6dSep 2025 - Sep 2025 |
2025 pullback2025 | -1.27%Sep 2025 | 0s | 2d | 2dSep 2025 - Sep 2025 |
Drawdown Indicators
| ETCO | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.30% | -56.78% | -2.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -55.27% | -1.80% | -53.47% |
Average DrawdownAverage peak-to-trough decline | -35.61% | -10.71% | -24.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ETCO
Add Grayscale Ethereum Covered Call ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ETCO