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AETH vs. BTC-USD
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between AETH and BTC-USD is 0.29, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

AETH vs. BTC-USD

Last updated May 25, 2025

Compare and contrast key facts about Bitwise Ethereum Strategy ETF (AETH) and Bitcoin (BTC-USD).

AETH is an actively managed fund by Bitwise. It was launched on Sep 29, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AETH or BTC-USD.

Performance

AETH vs. BTC-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Ethereum Strategy ETF (AETH) and Bitcoin (BTC-USD). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

AETH:

-0.17

BTC-USD:

1.16

Sortino Ratio

AETH:

0.21

BTC-USD:

3.11

Omega Ratio

AETH:

1.03

BTC-USD:

1.33

Calmar Ratio

AETH:

-0.18

BTC-USD:

2.44

Martin Ratio

AETH:

-0.31

BTC-USD:

11.53

Ulcer Index

AETH:

27.69%

BTC-USD:

11.18%

Daily Std Dev

AETH:

59.12%

BTC-USD:

41.38%

Max Drawdown

AETH:

-47.78%

BTC-USD:

-93.18%

Current Drawdown

AETH:

-18.51%

BTC-USD:

-3.93%

Returns By Period

In the year-to-date period, AETH achieves a 5.25% return, which is significantly lower than BTC-USD's 14.83% return.

AETH

YTD

5.25%

1M

44.35%

6M

6.56%

1Y

-9.22%

3Y*

N/A

5Y*

N/A

10Y*

N/A

BTC-USD

YTD

14.83%

1M

14.20%

6M

9.73%

1Y

56.56%

3Y*

53.51%

5Y*

64.93%

10Y*

84.31%

*Annualized

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Bitwise Ethereum Strategy ETF

Bitcoin

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

AETH vs. BTC-USD — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
AETH
The Risk-Adjusted Performance Rank of AETH is 1616
Overall Rank
The Sharpe Ratio Rank of AETH is 1212
Sharpe Ratio Rank
The Sortino Ratio Rank of AETH is 2222
Sortino Ratio Rank
The Omega Ratio Rank of AETH is 2222
Omega Ratio Rank
The Calmar Ratio Rank of AETH is 1010
Calmar Ratio Rank
The Martin Ratio Rank of AETH is 1414
Martin Ratio Rank
BTC-USD
The Risk-Adjusted Performance Rank of BTC-USD is 9090
Overall Rank
The Sharpe Ratio Rank of BTC-USD is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of BTC-USD is 8989
Sortino Ratio Rank
The Omega Ratio Rank of BTC-USD is 8686
Omega Ratio Rank
The Calmar Ratio Rank of BTC-USD is 9393
Calmar Ratio Rank
The Martin Ratio Rank of BTC-USD is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

AETH vs. BTC-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Strategy ETF (AETH) and Bitcoin (BTC-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

The current AETH Sharpe Ratio is -0.17, which is lower than the BTC-USD Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of AETH and BTC-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

AETH vs. BTC-USD - Drawdown Comparison

The maximum AETH drawdown since its inception was -47.78%, smaller than the maximum BTC-USD drawdown of -93.18%. Use the drawdown chart below to compare losses from any high point for AETH and BTC-USD.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

AETH vs. BTC-USD - Volatility Comparison

Bitwise Ethereum Strategy ETF (AETH) has a higher volatility of 22.93% compared to Bitcoin (BTC-USD) at 9.96%. This indicates that AETH's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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