AETH vs. ETHU
AETH (Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF) and ETHU (Volatility Shares 2x Ether ETF) are both exchange-traded funds - AETH is a Cryptocurrency fund actively managed by Bitwise, while ETHU is a Leveraged Cryptocurrency fund actively managed by Volatility Shares. Both are actively managed. Over the past year, AETH returned -34.66% vs -84.67% for ETHU. Their 0.70 correlation means they have sometimes moved together and sometimes differently. AETH charges 0.89%/yr vs 2.67%/yr for ETHU.
Performance
AETH vs. ETHU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AETH achieves a -15.81% return, which is significantly higher than ETHU's -71.31% return.
AETH
- 1D
- 0.17%
- 1M
- 4.00%
- 6M
- -13.15%
- YTD
- -15.81%
- 1Y
- -34.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.72%
ETHU
- 1D
- 0.13%
- 1M
- 18.20%
- 6M
- -49.62%
- YTD
- -71.31%
- 1Y
- -84.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -74.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.84K | $19.14K | $18.72K | |
| $84.08M | $87.05M | $93.41M |
AETH vs. ETHU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
AETH Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF | -15.81% | -0.11% | -14.11% |
ETHU Volatility Shares 2x Ether ETF | -71.31% | -64.38% | -48.73% |
Correlation
The correlation between AETH and ETHU is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.70 |
The correlation between AETH and ETHU shifts across timeframes, from 0.60 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AETH vs. ETHU — Risk / Return Rank
AETH
ETHU
AETH vs. ETHU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (AETH) and Volatility Shares 2x Ether ETF (ETHU). 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.
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.
| AETH | ETHU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.89 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | -0.90 | +0.22 |
| Martin ratioReturn relative to average drawdown | -0.96 | -1.17 | +0.21 |
Loading charts...
Drawdowns
AETH vs. ETHU - Drawdown Comparison
The maximum AETH drawdown since its inception was -51.08%, smaller than the maximum ETHU drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for AETH and ETHU.
Loading charts...
Drawdown Indicators
| AETH | ETHU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.08% | -96.46% | +45.38% |
Max Drawdown (1Y)Largest decline over 1 year | -51.08% | -93.99% | +42.91% |
Current DrawdownCurrent decline from peak | -47.60% | -95.03% | +47.43% |
Average DrawdownAverage peak-to-trough decline | -25.96% | -71.24% | +45.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.10% | 72.32% | -36.22% |
Volatility
AETH vs. ETHU - Volatility Comparison
The current volatility for Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (AETH) is 11.22%, while Volatility Shares 2x Ether ETF (ETHU) has a volatility of 24.02%. This indicates that AETH experiences smaller price fluctuations and is considered to be less risky than ETHU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| AETH | ETHU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.22% | 24.02% | -12.80% |
Volatility (6M)Calculated over the trailing 6-month period | 24.81% | 92.91% | -68.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.17% | 134.85% | -93.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.64% | 141.05% | -87.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.64% | 141.05% | -87.41% |
AETH vs. ETHU - Expense Ratio Comparison
AETH has a 0.89% expense ratio, which is lower than ETHU's 2.67% expense ratio.
Dividends
AETH vs. ETHU - Dividend Comparison
AETH's dividend yield for the trailing twelve months is around 2.86%, less than ETHU's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AETH Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF | 2.86% | 2.41% | 14.73% | 6.64% |
ETHU Volatility Shares 2x Ether ETF | 4.49% | 2.31% | 0.41% | 0.00% |
Frequently Asked Questions
AETH and ETHU have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (24.02%) compared to AETH (11.22%). In terms of maximum drawdown, AETH dropped -51.08% vs ETHU's -96.46%.
On 1-year performance, AETH leads with -34.66% vs -84.67% for ETHU. On fees, AETH is cheaper at 0.89% per year. On volatility, AETH has been the lower-risk option at 11.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AETH has performed better with a -34.66% return vs -84.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AETH is cheaper with a 0.89% expense ratio, compared with 2.67% for ETHU.
ETHU has the higher dividend yield at 4.49%, compared with 2.86% for AETH.
AETH is categorized as Cryptocurrency, while ETHU is Leveraged Cryptocurrency. They also come from different issuers: Bitwise and Volatility Shares. Their fees differ too: 0.89% for AETH and 2.67% for ETHU.
ETHU currently has the higher Sharpe Ratio (-0.63 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for AETH and ETHU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer