BTRN vs. ETHV

Last updated Apr 2, 2026

Compare and contrast key facts about Global X Bitcoin Trend Strategy ETF (BTRN) and VanEck Ethereum ETF (ETHV).

BTRN and ETHV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTRN is a passively managed fund by Global X that tracks the performance of the CoinDesk Bitcoin Trend Indicator Futures Index. It was launched on Mar 20, 2024. ETHV is a passively managed fund by VanEck that tracks the performance of the MarketVector Ethereum Benchmark Rate. It was launched on Jun 25, 2024. Both BTRN and ETHV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BTRN vs. ETHV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Bitcoin Trend Strategy ETF (BTRN) and VanEck Ethereum ETF (ETHV). The values are adjusted to include any dividend payments, if applicable.

BTRN vs. ETHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	-1.55%	4.89%	24.77%
ETHV VanEck Ethereum ETF	-27.92%	-11.02%	-3.67%

Returns By Period

In the year-to-date period, BTRN achieves a -1.55% return, which is significantly higher than ETHV's -27.92% return.

BTRN

• 1D: 0.04%
• 1M: -0.80%
• YTD: -1.55%
• 6M: -11.91%
• 1Y: 2.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHV

• 1D: 2.15%
• 1M: 5.07%
• YTD: -27.92%
• 6M: -50.71%
• 1Y: 11.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BTRN vs. ETHV - Expense Ratio Comparison

BTRN has a 0.95% expense ratio, which is higher than ETHV's 0.20% expense ratio.

BTRN

Global X Bitcoin Trend Strategy ETF

ETHV

VanEck Ethereum ETF

Return for Risk

BTRN vs. ETHV — Risk / Return Rank

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

BTRN

BTRN Risk / Return Rank: 14
BTRN Sharpe Ratio Rank: 14
BTRN Sortino Ratio Rank: 14
BTRN Omega Ratio Rank: 15
BTRN Calmar Ratio Rank: 14
BTRN Martin Ratio Rank: 13

ETHV

ETHV Risk / Return Rank: 19
ETHV Sharpe Ratio Rank: 15
ETHV Sortino Ratio Rank: 25
ETHV Omega Ratio Rank: 22
ETHV Calmar Ratio Rank: 17
ETHV Martin Ratio Rank: 16

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.

BTRN vs. ETHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Bitcoin Trend Strategy ETF (BTRN) and VanEck Ethereum ETF (ETHV). 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.

	BTRN	ETHV	Difference
Sharpe ratio Return per unit of total volatility	0.13	0.16	-0.02
Sortino ratio Return per unit of downside risk	0.33	0.80	-0.46
Omega ratio Gain probability vs. loss probability	1.05	1.09	-0.04
Calmar ratio Return relative to maximum drawdown	0.18	0.28	-0.10
Martin ratio Return relative to average drawdown	0.28	0.56	-0.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BTRN vs. ETHV - Sharpe Ratio Comparison

The current BTRN Sharpe Ratio is 0.13, which is comparable to the ETHV Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of BTRN and ETHV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BTRN	ETHV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	0.16	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	-0.33	+0.47

Correlation

The correlation between BTRN and ETHV is 0.57, 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.

Dividends

BTRN vs. ETHV - Dividend Comparison

BTRN's dividend yield for the trailing twelve months is around 28.19%, while ETHV has not paid dividends to shareholders.

	TTM	2025	2024
BTRN Global X Bitcoin Trend Strategy ETF	28.19%	27.76%	2.56%
ETHV VanEck Ethereum ETF	0.00%	0.00%	0.00%

Drawdowns

BTRN vs. ETHV - Drawdown Comparison

The maximum BTRN drawdown since its inception was -36.97%, smaller than the maximum ETHV drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for BTRN and ETHV.

Drawdown Indicators

	BTRN	ETHV	Difference
Max Drawdown Largest peak-to-trough decline	-36.97%	-64.02%	+27.05%
Max Drawdown (1Y) Largest decline over 1 year	-19.80%	-61.66%	+41.86%
Current Drawdown Current decline from peak	-18.92%	-55.81%	+36.89%
Average Drawdown Average peak-to-trough decline	-14.13%	-30.45%	+16.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.79%	30.61%	-17.82%

Volatility

BTRN vs. ETHV - Volatility Comparison

The current volatility for Global X Bitcoin Trend Strategy ETF (BTRN) is 2.69%, while VanEck Ethereum ETF (ETHV) has a volatility of 19.09%. This indicates that BTRN experiences smaller price fluctuations and is considered to be less risky than ETHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BTRN	ETHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	19.09%	-16.40%
Volatility (6M) Calculated over the trailing 6-month period	9.24%	53.57%	-44.33%
Volatility (1Y) Calculated over the trailing 1-year period	20.02%	75.78%	-55.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.64%	74.81%	-43.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.64%	74.81%	-43.17%