EETH vs. IBIT
Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and iShares Bitcoin Trust (IBIT).
EETH and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EETH or IBIT.
Key characteristics
| EETH | IBIT | |
|---|---|---|
| Daily Std Dev | 66.01% | 57.96% |
| Max Drawdown | -47.15% | -27.51% |
| Current Drawdown | -25.02% | -0.02% |
Correlation
The correlation between EETH and IBIT is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EETH vs. IBIT - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EETH vs. IBIT - Expense Ratio Comparison
EETH has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Risk-Adjusted Performance
EETH vs. IBIT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and iShares Bitcoin Trust (IBIT). 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.
Not enough dataDividends
EETH vs. IBIT - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 11.17%, while IBIT has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
EETH ProShares Ether Strategy ETF | 11.17% | 0.53% |
IBIT iShares Bitcoin Trust | 0.00% | 0.00% |
Drawdowns
EETH vs. IBIT - Drawdown Comparison
The maximum EETH drawdown since its inception was -47.15%, which is greater than IBIT's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for EETH and IBIT. For additional features, visit the drawdowns tool.
Volatility
EETH vs. IBIT - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 22.44% compared to iShares Bitcoin Trust (IBIT) at 17.95%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.