CETH vs. BCDF

Last updated Apr 1, 2026

Compare and contrast key facts about 21shares Core Ethereum ETF (CETH) and Horizon Kinetics Blockchain Development ETF (BCDF).

CETH and BCDF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CETH is a passively managed fund by 21Shares that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Jul 22, 2024. BCDF is an actively managed fund by Horizon. It was launched on Aug 1, 2022.

Performance

CETH vs. BCDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21shares Core Ethereum ETF (CETH) and Horizon Kinetics Blockchain Development ETF (BCDF). The values are adjusted to include any dividend payments, if applicable.

CETH vs. BCDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%
BCDF Horizon Kinetics Blockchain Development ETF	1.72%	11.63%	14.87%	24.99%	-22.71%

Returns By Period

CETH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCDF

• 1D: 2.24%
• 1M: -3.88%
• YTD: 1.72%
• 6M: -0.09%
• 1Y: 13.04%
• 3Y*: 15.60%
• 5Y*: —
• 10Y*: —

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

CETH vs. BCDF - Expense Ratio Comparison

CETH has a 0.21% expense ratio, which is lower than BCDF's 0.85% expense ratio.

BCDF

Horizon Kinetics Blockchain Development ETF

CETH

21shares Core Ethereum ETF

Return for Risk

CETH vs. BCDF — Risk / Return Rank

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

BCDF

BCDF Risk / Return Rank: 43
BCDF Sharpe Ratio Rank: 42
BCDF Sortino Ratio Rank: 42
BCDF Omega Ratio Rank: 39
BCDF Calmar Ratio Rank: 55
BCDF Martin Ratio Rank: 39

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.

CETH vs. BCDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21shares Core Ethereum ETF (CETH) and Horizon Kinetics Blockchain Development ETF (BCDF). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CETH	BCDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.38	—

Dividends

CETH vs. BCDF - Dividend Comparison

CETH has not paid dividends to shareholders, while BCDF's dividend yield for the trailing twelve months is around 2.48%.

	TTM	2025	2024	2023	2022
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%
BCDF Horizon Kinetics Blockchain Development ETF	2.48%	2.53%	1.63%	0.69%	0.38%

Drawdowns

Volatility

Volatility by Period

	CETH	BCDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.82%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.06%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.06%	—