CLNK vs. ETH

Last updated Jun 4, 2026

CLNK (Bitwise Chainlink ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. CLNK is passively managed, while ETH is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. CLNK charges 0.34%/yr vs 0.15%/yr for ETH.

Performance

CLNK vs. ETH - Performance Comparison

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

Returns By Period

CLNK

• 1D: -4.18%
• 1M: -12.86%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH

• 1D: -5.52%
• 1M: -23.42%
• YTD: -38.95%
• 6M: -42.17%
• 1Y: -30.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLNK vs. ETH - Yearly Performance Comparison

	2026 (YTD)
CLNK Bitwise Chainlink ETF	-41.92%
ETH Grayscale Ethereum Staking Mini ETF	-46.45%

Correlation

The correlation between CLNK and ETH is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 15, 2026	0.90

Return for Risk

CLNK vs. ETH — Risk / Return Rank

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

ETH

ETH Risk / Return Rank: 5
ETH Sharpe Ratio Rank: 5
ETH Sortino Ratio Rank: 6
ETH Omega Ratio Rank: 6
ETH Calmar Ratio Rank: 5
ETH Martin Ratio Rank: 5

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.

CLNK vs. ETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) 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.

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

Sharpe Ratios by Period

	CLNK	ETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.45	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	-0.41	-0.73

Drawdowns

CLNK vs. ETH - Drawdown Comparison

The maximum CLNK drawdown since its inception was -43.56%, smaller than the maximum ETH drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for CLNK and ETH.

Drawdown Indicators

	CLNK	ETH	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-64.01%	+20.45%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.40%	—
Current Drawdown Current decline from peak	-41.92%	-62.40%	+20.48%
Average Drawdown Average peak-to-trough decline	-32.34%	-32.58%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.50%	—

Volatility

Volatility by Period

	CLNK	ETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.16%	68.34%	-1.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.16%	72.26%	-5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.16%	72.26%	-5.10%

CLNK vs. ETH - Expense Ratio Comparison

CLNK has a 0.34% expense ratio, which is higher than ETH's 0.15% expense ratio.

Dividends

CLNK vs. ETH - Dividend Comparison

Neither CLNK nor ETH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CLNK and ETH in my portfolio?

CLNK and ETH have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLNK or ETH?

On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLNK or ETH?

ETH is cheaper with a 0.15% expense ratio, compared with 0.34% for CLNK.

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

CLNK and ETH have nearly identical dividend yields, around 0.00%.

What is the main difference between CLNK and ETH?

They also come from different issuers: Bitwise and Grayscale. Their fees differ too: 0.34% for CLNK and 0.15% for ETH.