EHY vs. ETH

Last updated Jun 4, 2026

EHY (Amplify Ethereum Max Income Covered Call ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. With a 0.96 correlation, they move nearly in lockstep. EHY charges 0.75%/yr vs 0.15%/yr for ETH.

Performance

EHY vs. ETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Ethereum Max Income Covered Call ETF (EHY) and Grayscale Ethereum Staking Mini ETF (ETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with EHY having a -38.15% return and ETH slightly lower at -38.95%.

EHY

• 1D: -6.90%
• 1M: -26.11%
• YTD: -38.15%
• 6M: -36.98%
• 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)

EHY vs. ETH - Yearly Performance Comparison

	2026 (YTD)	2025
EHY Amplify Ethereum Max Income Covered Call ETF	-38.15%	-25.71%
ETH Grayscale Ethereum Staking Mini ETF	-38.95%	-31.28%

Correlation

The correlation between EHY and ETH is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 10, 2025	0.96

Return for Risk

EHY 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.

EHY vs. ETH - 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 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

	EHY	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	-1.21	-0.41	-0.80

Drawdowns

EHY vs. ETH - Drawdown Comparison

The maximum EHY drawdown since its inception was -54.05%, smaller than the maximum ETH drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for EHY and ETH.

Drawdown Indicators

	EHY	ETH	Difference
Max Drawdown Largest peak-to-trough decline	-54.05%	-64.01%	+9.96%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.40%	—
Current Drawdown Current decline from peak	-54.05%	-62.40%	+8.35%
Average Drawdown Average peak-to-trough decline	-33.13%	-32.58%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.50%	—

Volatility

Volatility by Period

	EHY	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	58.36%	68.34%	-9.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.36%	72.26%	-13.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	58.36%	72.26%	-13.90%

EHY vs. ETH - Expense Ratio Comparison

EHY has a 0.75% expense ratio, which is higher than ETH's 0.15% expense ratio.

Dividends

EHY vs. ETH - Dividend Comparison

EHY's dividend yield for the trailing twelve months is around 48.29%, while ETH has not paid dividends to shareholders.

Position	TTM	2025
EHY Amplify Ethereum Max Income Covered Call ETF	48.29%	8.87%
ETH Grayscale Ethereum Staking Mini ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both EHY and ETH in my portfolio?

With a correlation of 0.96, EHY 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.

Which ETF is better, EHY 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, EHY or ETH?

ETH is cheaper with a 0.15% expense ratio, compared with 0.75% for EHY.

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

EHY has the higher dividend yield at 48.29%, compared with 0.00% for ETH.

What is the main difference between EHY and ETH?

They also come from different issuers: Amplify and Grayscale. Their fees differ too: 0.75% for EHY and 0.15% for ETH.