CLNK vs. ETH
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 0.91 suggests significant overlap in exposure. CLNK charges 0.34%/yr vs 0.15%/yr for ETH.
Performance
CLNK vs. ETH - Performance Comparison
Loading charts...
Returns By Period
CLNK
- 1D
- -4.58%
- 1M
- -20.30%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -4.13%
- 1M
- -19.44%
- YTD
- -43.73%
- 6M
- -43.65%
- 1Y
- -27.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLNK vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CLNK Bitwise Chainlink ETF | -45.91% |
ETH Grayscale Ethereum Staking Mini ETF | -47.87% |
Correlation
The correlation between CLNK and ETH is 0.91, 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 14, 2026 | 0.91 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CLNK vs. ETH — Risk / Return Rank
CLNK
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETH
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.
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.
| CLNK | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.98 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.41 | — |
| Martin ratioReturn relative to average drawdown | — | -0.69 | — |
Loading charts...
Drawdowns
CLNK vs. ETH - Drawdown Comparison
The maximum CLNK drawdown since its inception was -48.04%, smaller than the maximum ETH drawdown of -67.19%. Use the drawdown chart below to compare losses from any high point for CLNK and ETH.
Loading charts...
Drawdown Indicators
| CLNK | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.04% | -67.19% | +19.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.19% | — |
Current DrawdownCurrent decline from peak | -46.41% | -65.34% | +18.93% |
Average DrawdownAverage peak-to-trough decline | -33.42% | -33.50% | +0.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 40.15% | — |
Volatility
CLNK vs. ETH - Volatility Comparison
Loading charts...
Volatility by Period
| CLNK | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.75% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.93% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.99% | 69.05% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.99% | 72.37% | -4.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.99% | 72.37% | -4.38% |
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.
Frequently Asked Questions
With a correlation of 0.91, CLNK and ETH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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.
ETH is cheaper with a 0.15% expense ratio, compared with 0.34% for CLNK.
CLNK and ETH have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Bitwise and Grayscale. Their fees differ too: 0.34% for CLNK and 0.15% for ETH.
Find the right allocation for CLNK and ETH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer