BCOR vs. ETH

Last updated Jul 17, 2026

BCOR (Grayscale Bitcoin Adopters ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both exchange-traded funds - BCOR is a Blockchain fund tracking the Indxx Bitcoin Adopters Index, while ETH is a Cryptocurrency fund actively managed by Grayscale. BCOR is passively managed, while ETH is actively managed. Over the past year, BCOR returned -33.97% vs -44.04% for ETH. A 0.73 correlation means they provide meaningful diversification when combined. BCOR charges 0.59%/yr vs 0.15%/yr for ETH.

Performance

BCOR vs. ETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Bitcoin Adopters ETF (BCOR) and Grayscale Ethereum Staking Mini ETF (ETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCOR achieves a -11.86% return, which is significantly higher than ETH's -36.39% return.

BCOR

• 1D: -3.11%
• 1M: -8.77%
• 6M: -20.29%
• YTD: -11.86%
• 1Y: -33.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH

• 1D: -2.57%
• 1M: 4.63%
• 6M: -42.53%
• YTD: -36.39%
• 1Y: -44.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCOR vs. ETH - Yearly Performance Comparison

	2026 (YTD)	2025
BCOR Grayscale Bitcoin Adopters ETF	-11.86%	5.68%
ETH Grayscale Ethereum Staking Mini ETF	-36.39%	63.33%

Correlation

The correlation between BCOR and ETH is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 30, 2025	0.73

The correlation between BCOR and ETH has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

Return for Risk

BCOR vs. ETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCOR

BCOR Risk / Return Rank: 3
BCOR Sharpe Ratio Rank: 3
BCOR Sortino Ratio Rank: 3
BCOR Omega Ratio Rank: 3
BCOR Calmar Ratio Rank: 3
BCOR Martin Ratio Rank: 2

ETH

ETH Risk / Return Rank: 4
ETH Sharpe Ratio Rank: 4
ETH Sortino Ratio Rank: 4
ETH Omega Ratio Rank: 5
ETH Calmar Ratio Rank: 4
ETH Martin Ratio Rank: 4

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCOR vs. ETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Bitcoin Adopters ETF (BCOR) and Grayscale Ethereum Staking Mini ETF (ETH). 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.

	BCOR	ETH	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	-0.65	-0.16
Sortino ratio: Return per unit of downside risk	-1.07	-0.74	-0.33
Omega ratio: Gain probability vs. loss probability	0.88	0.92	-0.04
Calmar ratio: Return relative to maximum drawdown	-0.79	-0.65	-0.14
Martin ratio: Return relative to average drawdown	-1.31	-1.02	-0.29

BCOR vs. ETH - Sharpe Ratio Comparison

The current BCOR Sharpe Ratio is -0.81, which is comparable to the ETH Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of BCOR and ETH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BCOR vs. ETH - Drawdown Comparison

The maximum BCOR drawdown since its inception was -42.99%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for BCOR and ETH.

Drawdown Indicators

	BCOR	ETH	Difference
Max Drawdown Largest peak-to-trough decline	-42.99%	-67.52%	+24.53%
Max Drawdown (1Y) Largest decline over 1 year	-42.99%	-67.52%	+24.53%
Current Drawdown Current decline from peak	-37.66%	-60.82%	+23.16%
Average Drawdown Average peak-to-trough decline	-19.70%	-34.48%	+14.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.06%	43.28%	-17.22%

Volatility

BCOR vs. ETH - Volatility Comparison

The current volatility for Grayscale Bitcoin Adopters ETF (BCOR) is 11.25%, while Grayscale Ethereum Staking Mini ETF (ETH) has a volatility of 14.56%. This indicates that BCOR experiences smaller price fluctuations and is considered to be less risky than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCOR	ETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.25%	14.56%	-3.31%
Volatility (6M) Calculated over the trailing 6-month period	33.48%	47.35%	-13.87%
Volatility (1Y) Calculated over the trailing 1-year period	42.11%	68.43%	-26.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.27%	71.80%	-28.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.27%	71.80%	-28.53%

BCOR vs. ETH - Expense Ratio Comparison

BCOR has a 0.59% expense ratio, which is higher than ETH's 0.15% expense ratio.

Dividends

BCOR vs. ETH - Dividend Comparison

BCOR's dividend yield for the trailing twelve months is around 3.58%, while ETH has not paid dividends to shareholders.

Position	TTM	2025
BCOR Grayscale Bitcoin Adopters ETF	3.58%	3.10%
ETH Grayscale Ethereum Staking Mini ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCOR and ETH in my portfolio?

BCOR and ETH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCOR or ETH?

ETH has higher volatility (14.56%) compared to BCOR (11.25%). In terms of maximum drawdown, BCOR dropped -42.99% vs ETH's -67.52%.

Which ETF is better, BCOR or ETH?

On 1-year performance, BCOR leads with -33.97% vs -44.04% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, BCOR has been the lower-risk option at 11.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BCOR or ETH?

Over the 1-year period, BCOR has performed better with a -33.97% return vs -44.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BCOR or ETH?

ETH is cheaper with a 0.15% expense ratio, compared with 0.59% for BCOR.

Which ETF pays a higher dividend yield, BCOR or ETH?

BCOR has the higher dividend yield at 3.58%, compared with 0.00% for ETH.

What is the main difference between BCOR and ETH?

BCOR is categorized as Blockchain, while ETH is Cryptocurrency. Their fees differ too: 0.59% for BCOR and 0.15% for ETH.

Which has better risk-adjusted returns?

ETH currently has the higher Sharpe Ratio (-0.65 vs -0.81), 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.