EETH vs. EZPZ

Last updated Aug 2, 2026

EETH (ProShares Ether Strategy ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. EETH is actively managed, while EZPZ is passively managed. Over the past year, EETH returned -49.03% vs -46.59% for EZPZ. Their correlation of 0.91 means they have usually moved in the same direction. EETH charges 0.95%/yr vs 0.19%/yr for EZPZ.

Performance

EETH vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and Franklin Crypto Index ETF (EZPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EETH achieves a -38.56% return, which is significantly lower than EZPZ's -30.76% return.

EETH

• 1D: -2.86%
• 1M: 9.70%
• 6M: -31.24%
• YTD: -38.56%
• 1Y: -49.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.00%

EZPZ

• 1D: -2.61%
• 1M: 2.14%
• 6M: -27.14%
• YTD: -30.76%
• 1Y: -46.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -28.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EETH ProShares Ether Strategy ETF	$666.61K	$697.40K	$772.42K
EZPZ Franklin Crypto Index ETF	$118.67K	$153.22K	$218.96K

EETH vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
EETH ProShares Ether Strategy ETF	-38.56%	3.08%
EZPZ Franklin Crypto Index ETF	-30.76%	-10.11%

Correlation

The correlation between EETH and EZPZ is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.91

The correlation between EETH and EZPZ has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

EETH vs. EZPZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EETH

EETH Risk / Return Rank: 3
EETH Sharpe Ratio Rank: 3
EETH Sortino Ratio Rank: 3
EETH Omega Ratio Rank: 3
EETH Calmar Ratio Rank: 3
EETH Martin Ratio Rank: 4

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 1
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 2
EZPZ Calmar Ratio Rank: 2
EZPZ Martin Ratio Rank: 2

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EETH vs. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Franklin Crypto Index ETF (EZPZ). 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.

	EETH	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-1.02	+0.24
Sortino ratio: Return per unit of downside risk	-1.06	-1.55	+0.49
Omega ratio: Gain probability vs. loss probability	0.88	0.83	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.76	-0.86	+0.10
Martin ratio: Return relative to average drawdown	-1.12	-1.31	+0.18

EETH vs. EZPZ - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is -0.78, which is comparable to the EZPZ Sharpe Ratio of -1.02. The chart below compares the historical Sharpe Ratios of EETH and EZPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EETH vs. EZPZ - Drawdown Comparison

The maximum EETH drawdown since its inception was -69.22%, which is greater than EZPZ's maximum drawdown of -56.63%. Use the drawdown chart below to compare losses from any high point for EETH and EZPZ.

Drawdown Indicators

	EETH	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-69.22%	-56.63%	-12.59%
Max Drawdown (1Y) Largest decline over 1 year	-69.22%	-56.63%	-12.59%
Current Drawdown Current decline from peak	-63.12%	-53.31%	-9.81%
Average Drawdown Average peak-to-trough decline	-31.48%	-25.14%	-6.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.54%	37.10%	+9.44%

Volatility

EETH vs. EZPZ - Volatility Comparison

ProShares Ether Strategy ETF (EETH) has a higher volatility of 13.16% compared to Franklin Crypto Index ETF (EZPZ) at 9.34%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than EZPZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EETH	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.16%	9.34%	+3.82%
Volatility (6M) Calculated over the trailing 6-month period	45.92%	36.00%	+9.92%
Volatility (1Y) Calculated over the trailing 1-year period	67.62%	47.82%	+19.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.36%	46.94%	+21.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.36%	46.94%	+21.42%

EETH vs. EZPZ - Expense Ratio Comparison

EETH has a 0.95% expense ratio, which is higher than EZPZ's 0.19% expense ratio.

Dividends

EETH vs. EZPZ - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 86.45%, while EZPZ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
EETH ProShares Ether Strategy ETF	73.66%	56.98%	10.82%	0.52%
EZPZ Franklin Crypto Index ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EETH and EZPZ in my portfolio?

With a correlation of 0.94, EETH and EZPZ 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.

Which is riskier, EETH or EZPZ?

EETH has higher volatility (13.16%) compared to EZPZ (9.34%). In terms of maximum drawdown, EETH dropped -69.22% vs EZPZ's -56.63%.

Which ETF is better, EETH or EZPZ?

On 1-year performance, EZPZ leads with -46.59% vs -49.03% for EETH. On fees, EZPZ is cheaper at 0.19% per year. On volatility, EZPZ has been the lower-risk option at 9.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EETH or EZPZ?

Over the 1-year period, EZPZ has performed better with a -46.59% return vs -49.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EETH or EZPZ?

EZPZ is cheaper with a 0.19% expense ratio, compared with 0.95% for EETH.

Which ETF pays a higher dividend yield, EETH or EZPZ?

EETH has the higher dividend yield at 73.66%, compared with 0.00% for EZPZ.

What is the main difference between EETH and EZPZ?

They also come from different issuers: ProShares and Franklin Templeton. Their fees differ too: 0.95% for EETH and 0.19% for EZPZ.

Which has better risk-adjusted returns?

EETH currently has the higher Sharpe Ratio (-0.78 vs -1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.