ETCG vs. CEPI
ETCG (Grayscale Ethereum Classic Trust (ETC)) and CEPI (REX Crypto Equity Premium Income ETF) are both exchange-traded funds - ETCG is a Cryptocurrency fund tracking the Ethereum Classic (ETC), while CEPI is a Derivative Income fund actively managed by REX. ETCG is passively managed, while CEPI is actively managed. Over the past year, ETCG returned -66.78% vs 21.57% for CEPI. Their 0.51 correlation means they have sometimes moved together and sometimes differently. ETCG charges 2.50%/yr vs 0.85%/yr for CEPI.
Performance
ETCG vs. CEPI - Performance Comparison
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Returns By Period
In the year-to-date period, ETCG achieves a -47.46% return, which is significantly lower than CEPI's 18.92% return.
ETCG
- 1D
- 1.43%
- 1M
- -13.06%
- 6M
- -34.35%
- YTD
- -47.46%
- 1Y
- -66.78%
- 3Y*
- -20.02%
- 5Y*
- -37.77%
- 10Y*
- —
- ALL TIME*
- -22.05%
CEPI
- 1D
- 1.25%
- 1M
- 2.09%
- 6M
- 17.67%
- YTD
- 18.92%
- 1Y
- 21.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.24M | $1.26M | $1.60M | |
| $62.63K | $57.03K | $104.25K |
ETCG vs. CEPI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -47.46% | -39.78% | -26.83% |
CEPI REX Crypto Equity Premium Income ETF | 18.92% | 10.75% | -7.02% |
Correlation
The correlation between ETCG and CEPI is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.51 |
The correlation between ETCG and CEPI has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
ETCG vs. CEPI — Risk / Return Rank
ETCG
CEPI
ETCG vs. CEPI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Classic Trust (ETC) (ETCG) and REX Crypto Equity Premium Income ETF (CEPI). 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.
| ETCG | CEPI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.91 | ||
| Sortino ratioReturn per unit of downside risk | -3.50 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.15 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 0.96 | -1.88 |
| Martin ratioReturn relative to average drawdown | -1.30 | 2.24 | -3.54 |
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Drawdowns
ETCG vs. CEPI - Drawdown Comparison
The maximum ETCG drawdown since its inception was -96.59%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for ETCG and CEPI.
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Drawdown Indicators
| ETCG | CEPI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -29.48% | -67.11% |
Max Drawdown (1Y)Largest decline over 1 year | -72.70% | -22.47% | -50.23% |
Max Drawdown (3Y)Largest decline over 3 years | -82.25% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.70% | — | — |
Current DrawdownCurrent decline from peak | -96.20% | -4.56% | -91.64% |
Average DrawdownAverage peak-to-trough decline | -82.89% | -8.22% | -74.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.47% | 9.65% | +41.82% |
Volatility
ETCG vs. CEPI - Volatility Comparison
The current volatility for Grayscale Ethereum Classic Trust (ETC) (ETCG) is 9.74%, while REX Crypto Equity Premium Income ETF (CEPI) has a volatility of 11.17%. This indicates that ETCG experiences smaller price fluctuations and is considered to be less risky than CEPI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETCG | CEPI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.74% | 11.17% | -1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 33.37% | 23.73% | +9.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.25% | 29.34% | +27.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.69% | 31.88% | +58.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.27% | 31.88% | +82.39% |
ETCG vs. CEPI - Expense Ratio Comparison
ETCG has a 2.50% expense ratio, which is higher than CEPI's 0.85% expense ratio.
Dividends
ETCG vs. CEPI - Dividend Comparison
ETCG has not paid dividends to shareholders, while CEPI's dividend yield for the trailing twelve months is around 44.15%.
| Position | TTM | 2025 |
|---|---|---|
CEPI REX Crypto Equity Premium Income ETF | 44.15% | 50.78% |
ETCG Grayscale Ethereum Classic Trust (ETC) | 0.00% | 0.00% |
Frequently Asked Questions
ETCG and CEPI have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEPI has higher volatility (11.17%) compared to ETCG (9.74%). In terms of maximum drawdown, ETCG dropped -96.59% vs CEPI's -29.48%.
On 1-year performance, CEPI leads with 21.57% vs -66.78% for ETCG. On fees, CEPI is cheaper at 0.85% per year. On volatility, ETCG has been the lower-risk option at 9.74%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CEPI has performed better with a 21.57% return vs -66.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CEPI is cheaper with a 0.85% expense ratio, compared with 2.50% for ETCG.
CEPI has the higher dividend yield at 44.15%, compared with 0.00% for ETCG.
ETCG is categorized as Cryptocurrency, while CEPI is Derivative Income. They also come from different issuers: Grayscale and REX. Their fees differ too: 2.50% for ETCG and 0.85% for CEPI.
CEPI currently has the higher Sharpe Ratio (0.74 vs -1.17), 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.
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