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

Correlation

The correlation between AETH and ETH-USD is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-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.

-30.00%-20.00%-10.00%0.00%10.00%20.00%30.00%AugustSeptemberOctoberNovemberDecember2025
-5.03%
20.91%
AETH
ETH-USD

Key characteristics

Sharpe Ratio

AETH:

0.31

ETH-USD:

0.35

Sortino Ratio

AETH:

0.92

ETH-USD:

1.01

Omega Ratio

AETH:

1.11

ETH-USD:

1.10

Calmar Ratio

AETH:

0.43

ETH-USD:

0.12

Martin Ratio

AETH:

0.78

ETH-USD:

0.95

Ulcer Index

AETH:

26.47%

ETH-USD:

23.83%

Daily Std Dev

AETH:

67.40%

ETH-USD:

53.94%

Max Drawdown

AETH:

-47.78%

ETH-USD:

-93.96%

Current Drawdown

AETH:

-32.55%

ETH-USD:

-25.08%

Returns By Period

In the year-to-date period, AETH achieves a -0.05% return, which is significantly lower than ETH-USD's 8.18% return.


AETH

YTD

-0.05%

1M

-25.00%

6M

-5.02%

1Y

17.73%

5Y*

N/A

10Y*

N/A

ETH-USD

YTD

8.18%

1M

-6.15%

6M

20.91%

1Y

58.88%

5Y*

92.53%

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

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 -0.22, compared to the broader market0.002.004.00-0.220.35
The chart of Sortino ratio for AETH, currently valued at 0.15, compared to the broader market-2.000.002.004.006.008.0010.000.151.01
The chart of Omega ratio for AETH, currently valued at 1.02, compared to the broader market0.501.001.502.002.503.001.021.10
The chart of Calmar ratio for AETH, currently valued at 0.43, compared to the broader market0.005.0010.0015.000.430.14
The chart of Martin ratio for AETH, currently valued at -0.59, compared to the broader market0.0020.0040.0060.0080.00100.00-0.590.95
AETH
ETH-USD

The current AETH Sharpe Ratio is 0.31, which is comparable to the ETH-USD Sharpe Ratio of 0.35. 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-1.00-0.500.000.501.001.502.002.50AugustSeptemberOctoberNovemberDecember2025
-0.22
0.35
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%AugustSeptemberOctoberNovemberDecember2025
-32.55%
-11.35%
AETH
ETH-USD

Volatility

AETH vs. ETH-USD - Volatility Comparison

Bitwise Ethereum Strategy ETF (AETH) has a higher volatility of 20.94% compared to Ethereum (ETH-USD) at 18.01%. This indicates that AETH's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


15.00%20.00%25.00%30.00%AugustSeptemberOctoberNovemberDecember2025
20.94%
18.01%
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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