Grayscale Ethereum Covered Call ETF (ETCO) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ETCO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ETCO
ETCO charges 0.66% annually. There are 58 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 392.19M | Apr 2026 | ETCO vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | ETCO vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | ETCO vs BTC | |
| Franklin Ethereum ETF | 0.19% | 38.20M | Jul 2024 | ETCO vs EZET | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | ETCO vs EZBC |
Best Risk-Adjusted Alternatives to ETCO
Among 78 ETFs in the Cryptocurrency category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | ETCO vs ZCSH | |
| ProShares Short Bitcoin ETF | 61 | 129.73M | Jun 2022 | ETCO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 55 | 176.54M | Apr 2024 | ETCO vs SBIT | |
| CoinShares Bitcoin Miners ETF | 51 | 240.40M | Feb 2022 | ETCO vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 48 | — | Jul 2024 | ETCO vs BTCZ |
Top Performing ETCO Alternatives (YTD)
ETCO is at -34.69% YTD. There are 58 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 39.44%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | 39.44% | 176.54M | Apr 2024 | ETCO vs SBIT | |
| CoinShares Bitcoin Miners ETF | 34.47% | 240.40M | Feb 2022 | ETCO vs WGMI | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 34.44% | — | Jul 2024 | ETCO vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.72% | 16.03M | Nov 2023 | ETCO vs SETH | |
| ProShares UltraShort Ether ETF | 29.25% | 60.61M | Jun 2024 | ETCO vs ETHD |
Lowest Volatility Alternatives to ETCO
ETCO has 50.60% 1-year volatility. There are 54 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | ETCO vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.65% | — | Oct 2025 | ETCO vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.49% | — | Oct 2025 | ETCO vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.56% | — | Oct 2025 | ETCO vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.68% | 7.65M | Sep 2025 | ETCO vs BFOC |
Lowest Drawdown Alternatives to ETCO
Among 78 ETFs in the Cryptocurrency category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | ETCO vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | ETCO vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | ETCO vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | ETCO vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | ETCO vs BTRN |
Other ETFs from Grayscale
The 10 most viewed Grayscale ETFs shown here include GBTC, ETHE, GDLC and span 3 categories. AUM among these funds goes as high as $8B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Grayscale Bitcoin Trust ETF | Cryptocurrency | 1 | -28.72% | 8.39B | Jan 2024 | ETCO vs GBTC | |
| Grayscale Ethereum Trust ETF | Cryptocurrency | 3 | -37.55% | 1.42B | Dec 2017 | ETCO vs ETHE | |
| Grayscale CoinDesk Crypto 5 ETF | Cryptocurrency | 2 | -31.03% | 333.62M | Feb 2018 | ETCO vs GDLC | |
| Grayscale Future of Finance ETF | Blockchain, Technology Equities | — | — | 6.70M | Feb 2022 | ETCO vs GFOF | |
| Grayscale Litecoin Trust | Cryptocurrency | 2 | -44.82% | — | Aug 2020 | ETCO vs LTCN | |
| Grayscale Sui Staking ETF | Cryptocurrency | — | -49.92% | 21.64M | Feb 2026 | ETCO vs GSUI | |
| Grayscale Bitcoin Miners ETF | Blockchain | 22 | 15.24% | 12.09M | Jan 2025 | ETCO vs MNRS | |
| Grayscale Chainlink Trust ETF | Cryptocurrency, Blockchain | 3 | -33.63% | 85.22M | Feb 2021 | ETCO vs GLNK | |
| Grayscale Ethereum Classic Trust (ETC) | Cryptocurrency, Blockchain | 1 | -48.20% | 141.12M | Apr 2017 | ETCO vs ETCG | |
| Grayscale Solana Staking ETF | Cryptocurrency | — | — | 95.45M | Nov 2021 | ETCO vs GSOL |
Often Compared With ETCO
Investors most often compare ETCO with YETH, GAVA, ETHW. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare ETCO with Any Fund or Stock
Compare ETCO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ETCO with funds that move differently
Grayscale Ethereum Covered Call ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETCO.
Explore ETCO Diversifiers