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

Correlation

The correlation between AETH and ETH-USD is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

AETH vs. ETH-USD - Performance Comparison

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

-20.00%0.00%20.00%40.00%60.00%SeptemberOctoberNovemberDecember2025February
10.47%
4.26%
AETH
ETH-USD

Key characteristics

Sharpe Ratio

AETH:

0.07

ETH-USD:

-0.55

Sortino Ratio

AETH:

0.57

ETH-USD:

-0.51

Omega Ratio

AETH:

1.07

ETH-USD:

0.95

Calmar Ratio

AETH:

0.09

ETH-USD:

0.03

Martin Ratio

AETH:

0.15

ETH-USD:

-1.52

Ulcer Index

AETH:

28.07%

ETH-USD:

23.18%

Daily Std Dev

AETH:

63.73%

ETH-USD:

54.89%

Max Drawdown

AETH:

-47.78%

ETH-USD:

-93.96%

Current Drawdown

AETH:

-31.46%

ETH-USD:

-43.35%

Returns By Period

In the year-to-date period, AETH achieves a -11.49% return, which is significantly higher than ETH-USD's -18.20% return.


AETH

YTD

-11.49%

1M

0.23%

6M

10.47%

1Y

-3.26%

5Y*

N/A

10Y*

N/A

ETH-USD

YTD

-18.20%

1M

-21.00%

6M

5.13%

1Y

-3.48%

5Y*

60.01%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

AETH vs. ETH-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 1010
Overall Rank
The Sharpe Ratio Rank of AETH is 88
Sharpe Ratio Rank
The Sortino Ratio Rank of AETH is 1313
Sortino Ratio Rank
The Omega Ratio Rank of AETH is 1313
Omega Ratio Rank
The Calmar Ratio Rank of AETH is 99
Calmar Ratio Rank
The Martin Ratio Rank of AETH is 88
Martin Ratio Rank

ETH-USD
The Risk-Adjusted Performance Rank of ETH-USD is 3030
Overall Rank
The Sharpe Ratio Rank of ETH-USD is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of ETH-USD is 1919
Sortino Ratio Rank
The Omega Ratio Rank of ETH-USD is 1919
Omega Ratio Rank
The Calmar Ratio Rank of ETH-USD is 6767
Calmar Ratio Rank
The Martin Ratio Rank of ETH-USD is 2424
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. ETH-USD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Strategy ETF (AETH) and Ethereum (ETH-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.


Sharpe ratio
The chart of Sharpe ratio for AETH, currently valued at -0.48, compared to the broader market0.002.004.00-0.48-0.55
The chart of Sortino ratio for AETH, currently valued at -0.36, compared to the broader market0.005.0010.00-0.36-0.51
The chart of Omega ratio for AETH, currently valued at 0.95, compared to the broader market0.501.001.502.002.503.000.950.95
The chart of Calmar ratio for AETH, currently valued at 0.09, compared to the broader market0.005.0010.0015.0020.000.090.03
The chart of Martin ratio for AETH, currently valued at -1.25, compared to the broader market0.0020.0040.0060.0080.00100.00-1.25-1.52
AETH
ETH-USD

The current AETH Sharpe Ratio is 0.07, which is higher than the ETH-USD Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of AETH and ETH-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.


Rolling 12-month Sharpe Ratio-0.60-0.40-0.200.000.200.400.60SeptemberOctoberNovemberDecember2025February
-0.48
-0.55
AETH
ETH-USD

Drawdowns

AETH vs. ETH-USD - Drawdown Comparison

The maximum AETH drawdown since its inception was -47.78%, smaller than the maximum ETH-USD drawdown of -93.96%. Use the drawdown chart below to compare losses from any high point for AETH and ETH-USD. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%SeptemberOctoberNovemberDecember2025February
-31.46%
-32.96%
AETH
ETH-USD

Volatility

AETH vs. ETH-USD - Volatility Comparison

The current volatility for Bitwise Ethereum Strategy ETF (AETH) is 0.18%, while Ethereum (ETH-USD) has a volatility of 18.02%. This indicates that AETH experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%30.00%SeptemberOctoberNovemberDecember2025February
0.18%
18.02%
AETH
ETH-USD
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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