EHY vs. ETCO
EHY (Amplify Ethereum Max Income Covered Call ETF) and ETCO (Grayscale Ethereum Covered Call ETF) are both Cryptocurrency funds. Both are actively managed. Their correlation of 0.94 suggests significant overlap in exposure. EHY charges 0.75%/yr vs 0.66%/yr for ETCO.
Performance
EHY vs. ETCO - Performance Comparison
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Returns By Period
In the year-to-date period, EHY achieves a -38.94% return, which is significantly lower than ETCO's -34.48% return.
EHY
- 1D
- -1.27%
- 1M
- -27.96%
- YTD
- -38.94%
- 6M
- -37.86%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETCO
- 1D
- -1.66%
- 1M
- -22.34%
- YTD
- -34.48%
- 6M
- -36.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EHY vs. ETCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EHY Amplify Ethereum Max Income Covered Call ETF | -38.94% | -25.71% |
ETCO Grayscale Ethereum Covered Call ETF | -34.48% | -21.25% |
Correlation
The correlation between EHY and ETCO is 0.94, 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 Oct 10, 2025 | 0.94 |
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Return for Risk
EHY vs. ETCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Ethereum Max Income Covered Call ETF (EHY) and Grayscale Ethereum Covered Call ETF (ETCO). 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.
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Sharpe Ratios by Period
| EHY | ETCO | Difference | |
|---|---|---|---|
Sharpe Ratio (All Time)Calculated using the full available price history | -1.22 | -1.17 | -0.04 |
Drawdowns
EHY vs. ETCO - Drawdown Comparison
The maximum EHY drawdown since its inception was -54.64%, roughly equal to the maximum ETCO drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for EHY and ETCO.
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Drawdown Indicators
| EHY | ETCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.64% | -56.81% | +2.17% |
Current DrawdownCurrent decline from peak | -54.64% | -55.08% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -33.26% | -34.54% | +1.28% |
Volatility
EHY vs. ETCO - Volatility Comparison
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Volatility by Period
| EHY | ETCO | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 58.19% | 52.38% | +5.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.19% | 52.38% | +5.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.19% | 52.38% | +5.81% |
EHY vs. ETCO - Expense Ratio Comparison
EHY has a 0.75% expense ratio, which is higher than ETCO's 0.66% expense ratio.
Dividends
EHY vs. ETCO - Dividend Comparison
EHY's dividend yield for the trailing twelve months is around 48.91%, less than ETCO's 129.56% yield.
| Position | TTM | 2025 |
|---|---|---|
EHY Amplify Ethereum Max Income Covered Call ETF | 48.91% | 8.87% |
ETCO Grayscale Ethereum Covered Call ETF | 129.56% | 42.29% |
Frequently Asked Questions
With a correlation of 0.94, EHY and ETCO 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, ETCO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETCO is cheaper with a 0.66% expense ratio, compared with 0.75% for EHY.
ETCO has the higher dividend yield at 129.56%, compared with 48.91% for EHY.
They also come from different issuers: Amplify and Grayscale. Their fees differ too: 0.75% for EHY and 0.66% for ETCO.
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