ETCG vs. ETH
ETCG (Grayscale Ethereum Classic Trust (ETC)) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds from Grayscale. ETCG is passively managed, while ETH is actively managed. Over the past year, ETCG returned -66.90% vs -46.03% for ETH. Their 0.69 correlation means they have sometimes moved together and sometimes differently. ETCG charges 2.50%/yr vs 0.15%/yr for ETH.
Performance
ETCG vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, ETCG achieves a -48.20% return, which is significantly lower than ETH's -36.56% return.
ETCG
- 1D
- -1.86%
- 1M
- -14.29%
- 6M
- -35.63%
- YTD
- -48.20%
- 1Y
- -66.90%
- 3Y*
- -21.33%
- 5Y*
- -37.86%
- 10Y*
- —
- ALL TIME*
- -22.21%
ETH
- 1D
- -2.84%
- 1M
- 10.01%
- 6M
- -29.59%
- YTD
- -36.56%
- 1Y
- -46.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $71.03K | $57.65K | $119.33K | |
| $31.73M | $33.86M | $46.60M |
ETCG vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -48.20% | -39.78% | -3.98% |
ETH Grayscale Ethereum Staking Mini ETF | -36.56% | -10.89% | -4.58% |
Correlation
The correlation between ETCG and ETH is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.69 |
The correlation between ETCG and ETH has been stable across timeframes, ranging from 0.69 to 0.70 - a consistent structural relationship.
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Return for Risk
ETCG vs. ETH — Risk / Return Rank
ETCG
ETH
ETCG vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Classic Trust (ETC) (ETCG) 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.
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 | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.46 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.89 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | -0.73 | -0.21 |
| Martin ratioReturn relative to average drawdown | -1.34 | -1.10 | -0.24 |
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Drawdowns
ETCG vs. ETH - Drawdown Comparison
The maximum ETCG drawdown since its inception was -96.59%, which is greater than ETH's maximum drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for ETCG and ETH.
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Drawdown Indicators
| ETCG | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -67.52% | -29.07% |
Max Drawdown (1Y)Largest decline over 1 year | -72.70% | -67.52% | -5.18% |
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 | -96.25% | -60.93% | -35.32% |
Average DrawdownAverage peak-to-trough decline | -82.88% | -35.04% | -47.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.07% | 45.07% | +6.00% |
Volatility
ETCG vs. ETH - Volatility Comparison
The current volatility for Grayscale Ethereum Classic Trust (ETC) (ETCG) is 9.78%, while Grayscale Ethereum Staking Mini ETF (ETH) has a volatility of 13.08%. This indicates that ETCG experiences smaller price fluctuations and is considered to be less risky than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETCG | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.78% | 13.08% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 33.46% | 45.84% | -12.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.33% | 67.17% | -9.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.73% | 71.22% | +19.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 114.32% | 71.22% | +43.10% |
ETCG vs. ETH - Expense Ratio Comparison
ETCG has a 2.50% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
ETCG vs. ETH - Dividend Comparison
Neither ETCG nor ETH has paid dividends to shareholders.
Frequently Asked Questions
ETCG and ETH have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH has higher volatility (13.08%) compared to ETCG (9.78%). In terms of maximum drawdown, ETCG dropped -96.59% vs ETH's -67.52%.
On 1-year performance, ETH leads with -46.03% vs -66.90% for ETCG. On fees, ETH is cheaper at 0.15% per year. On volatility, ETCG has been the lower-risk option at 9.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ETH has performed better with a -46.03% return vs -66.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 2.50% for ETCG.
ETCG and ETH have nearly identical dividend yields, around 0.00%.
Their fees differ too: 2.50% for ETCG and 0.15% for ETH.
ETH currently has the higher Sharpe Ratio (-0.74 vs -1.19), 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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