- ISIN
- US46148D1072
- Issuer
- Invesco
- Inception Date
- Jul 23, 2024
- Category
- Cryptocurrency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Accumulating
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $16M
Highlights
- Avg. Volume (1M)
- 20K
- Avg. Volume Value (1M)
- $366.32K
Share Price Chart
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Performance
QETH Performance Chart
Invesco Galaxy Ethereum ETF (QETH) is down 37.0% since the beginning of the year. QETH is currently trading at $19 per share.
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Returns By Period
Invesco Galaxy Ethereum ETF (QETH) has returned -36.96% so far this year and -49.13% over the past 12 months.
Invesco Galaxy Ethereum ETF
- 1D
- 0.23%
- 1M
- 10.30%
- 6M
- -18.57%
- YTD
- -36.96%
- 1Y
- -49.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.83%
Benchmark (S&P 500 Index)
- 1D
- 1.79%
- 1M
- 3.38%
- 6M
- 11.83%
- YTD
- 13.02%
- 1Y
- 22.22%
- 3Y*
- 19.99%
- 5Y*
- 11.80%
- 10Y*
- 13.49%
- ALL TIME*
- 8.15%
QETH Monthly Returns History
Based on dividend-adjusted daily data since Jul 23, 2024, QETH's average daily return is -0.02%, while the average monthly return is -0.45%.
Historically, 35% of months were positive and 65% were negative. The best month was Jul 2025 with a return of +48.3%, while the worst month was Feb 2025 at -33.2%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 6 months.
On a daily basis, QETH closed higher 47% of trading days. The best single day was May 8, 2025 with a return of +18.0%, while the worst single day was Aug 5, 2024 at -20.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -9.81% | -28.23% | 9.04% | 7.91% | -10.92% | -21.68% | 18.14% | 0.43% | -36.96% | ||||
| 2025 | -0.78% | -33.20% | -17.62% | -2.30% | 43.96% | -1.91% | 48.27% | 16.14% | -4.18% | -6.77% | -21.81% | -2.25% | -11.44% |
| 2024 | -7.11% | -23.30% | 3.63% | -3.35% | 42.69% | -6.73% | -5.03% |
Benchmark Metrics
Invesco Galaxy Ethereum ETF has an annualized alpha of -35.83%, beta of 2.17, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since July 23, 2024.
- This ETF participated in 367.61% of S&P 500 Index downside but only 95.87% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.26 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
- -35.83%
- Beta
- 2.17
- R²
- 0.26
- Upside Capture
- 95.87%
- Downside Capture
- 367.61%
Expense Ratio
QETH has an expense ratio of 0.25%, which is considered low.
Return for Risk
Risk / Return Rank
QETH ranks 3 for risk / return — above 3% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Invesco Galaxy Ethereum ETF (QETH) 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.
| QETH | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.31 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 2.45 | -3.18 |
| Martin ratioReturn relative to average drawdown | -1.08 | 10.40 | -11.48 |
Dividends
Dividend History
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 Invesco Galaxy Ethereum 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 Invesco Galaxy Ethereum ETF was 67.90%, occurring on Jun 25, 2026. The portfolio has not yet recovered.
The current Invesco Galaxy Ethereum ETF drawdown is 61.38%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-67.90%Jun 2026 | 10mo 4d | — | 11mo 15dAug 2025 - now | — |
-64.07%Apr 2025 | 4mo | 4mo 5d | 8mo 5dDec 2024 - Aug 2025 | 2025 selloff2025 |
-36.77%Sep 2024 | 1mo 15d | 2mo 22d | 4mo 7dJul 2024 - Nov 2024 | — |
-12.80%Aug 2025 | 5d | 3d | 8dAug 2025 - Aug 2025 | — |
-1.80%Dec 2024 | 1d | 1d | 1dDec 2024 - Dec 2024 | — |
Drawdown Indicators
| QETH | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.90% | -56.78% | -11.12% |
Max Drawdown (1Y)Largest decline over 1 year | -67.90% | -9.10% | -58.80% |
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 | -61.38% | 0.00% | -61.38% |
Average DrawdownAverage peak-to-trough decline | -35.37% | -10.70% | -24.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.70% | 2.14% | +43.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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