CETH vs. ETHA

Last updated Apr 1, 2026

Compare and contrast key facts about 21shares Core Ethereum ETF (CETH) and iShares Ethereum Trust ETF (ETHA).

CETH and ETHA 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. ETHA is a passively managed fund by iShares that tracks the performance of the CME CF Ether-Dollar Reference Rate-New York Variant. It was launched on Jun 24, 2024. Both CETH and ETHA 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

CETH vs. ETHA - Performance Comparison

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

CETH vs. ETHA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%
ETHA iShares Ethereum Trust ETF	-29.42%	-11.31%	-3.62%

Returns By Period

CETH

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

ETHA

• 1D: 3.67%
• 1M: 9.02%
• YTD: -29.42%
• 6M: -49.76%
• 1Y: 14.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CETH vs. ETHA - Expense Ratio Comparison

CETH has a 0.21% expense ratio, which is lower than ETHA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ETHA

iShares Ethereum Trust ETF

CETH

21shares Core Ethereum ETF

Return for Risk

CETH vs. ETHA — Risk / Return Rank

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

ETHA

ETHA Risk / Return Rank: 21
ETHA Sharpe Ratio Rank: 18
ETHA Sortino Ratio Rank: 31
ETHA Omega Ratio Rank: 26
ETHA Calmar Ratio Rank: 17
ETHA Martin Ratio Rank: 15

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. ETHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21shares Core Ethereum ETF (CETH) and iShares Ethereum Trust ETF (ETHA). 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	ETHA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.19	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	-0.35	—

Dividends

CETH vs. ETHA - Dividend Comparison

Neither CETH nor ETHA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

Volatility

Volatility by Period

	CETH	ETHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	19.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	53.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	76.12%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	75.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	75.10%	—