ETCO vs. ETH
ETCO (Grayscale Ethereum Covered Call ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds from Grayscale. Both are actively managed. Their correlation of 0.95 means they have usually moved in the same direction. ETCO charges 0.66%/yr vs 0.15%/yr for ETH.
Performance
ETCO vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, ETCO achieves a -34.69% return, which is significantly higher than ETH's -36.56% return.
ETCO
- 1D
- -2.50%
- 1M
- 5.77%
- 6M
- -27.08%
- YTD
- -34.69%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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) |
|---|---|---|---|
| $41.84K | $37.58K | $56.92K | |
| $31.73M | $33.86M | $46.60M |
ETCO vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | -34.69% | -26.08% |
ETH Grayscale Ethereum Staking Mini ETF | -36.56% | -33.44% |
Correlation
The correlation between ETCO and ETH is 0.95, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 4, 2025 | 0.95 |
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Return for Risk
ETCO vs. ETH — Risk / Return Rank
ETCO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETH
ETCO vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) 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.
| ETCO | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.89 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.73 | — |
| Martin ratioReturn relative to average drawdown | — | -1.10 | — |
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Drawdowns
ETCO vs. ETH - Drawdown Comparison
The maximum ETCO drawdown since its inception was -59.43%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for ETCO and ETH.
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Drawdown Indicators
| ETCO | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.43% | -67.52% | +8.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.52% | — |
Current DrawdownCurrent decline from peak | -55.22% | -60.93% | +5.71% |
Average DrawdownAverage peak-to-trough decline | -38.17% | -35.04% | -3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 45.07% | — |
Volatility
ETCO vs. ETH - Volatility Comparison
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Volatility by Period
| ETCO | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 13.08% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.84% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 50.60% | 67.17% | -16.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.60% | 71.22% | -20.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.60% | 71.22% | -20.62% |
ETCO vs. ETH - Expense Ratio Comparison
ETCO has a 0.66% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
ETCO vs. ETH - Dividend Comparison
ETCO's dividend yield for the trailing twelve months is around 153.50%, while ETH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | 153.50% | 42.29% |
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, ETCO 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.
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.
ETH is cheaper with a 0.15% expense ratio, compared with 0.66% for ETCO.
ETCO has the higher dividend yield at 153.50%, compared with 0.00% for ETH.
Their fees differ too: 0.66% for ETCO and 0.15% for ETH.
Find the right allocation for ETCO and ETH
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