ETCO vs. EZBC
ETCO (Grayscale Ethereum Covered Call ETF) and EZBC (Franklin Bitcoin ETF) are both Cryptocurrency funds. ETCO is actively managed, while EZBC is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. ETCO charges 0.66%/yr vs 0.19%/yr for EZBC.
Performance
ETCO vs. EZBC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETCO achieves a -34.48% return, which is significantly lower than EZBC's -27.45% return.
ETCO
- 1D
- -1.66%
- 1M
- -22.34%
- YTD
- -34.48%
- 6M
- -36.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZBC
- 1D
- -2.81%
- 1M
- -22.22%
- YTD
- -27.45%
- 6M
- -31.45%
- 1Y
- -39.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETCO vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | -34.48% | -24.78% |
EZBC Franklin Bitcoin ETF | -27.45% | -20.42% |
Correlation
The correlation between ETCO and EZBC is 0.89, 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 Sep 5, 2025 | 0.89 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETCO vs. EZBC — Risk / Return Rank
ETCO
EZBC
ETCO vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Franklin Bitcoin ETF (EZBC). 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.
Loading charts...
Sharpe Ratios by Period
| ETCO | EZBC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.17 | 0.27 | -1.45 |
Drawdowns
ETCO vs. EZBC - Drawdown Comparison
The maximum ETCO drawdown since its inception was -56.81%, which is greater than EZBC's maximum drawdown of -49.50%. Use the drawdown chart below to compare losses from any high point for ETCO and EZBC.
Loading charts...
Drawdown Indicators
| ETCO | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.81% | -49.50% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -49.50% | — |
Current DrawdownCurrent decline from peak | -55.08% | -49.50% | -5.58% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -16.07% | -18.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 28.59% | — |
Volatility
ETCO vs. EZBC - Volatility Comparison
Loading charts...
Volatility by Period
| ETCO | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.09% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 33.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.38% | 43.71% | +8.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.38% | 50.05% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.38% | 50.05% | +2.33% |
ETCO vs. EZBC - Expense Ratio Comparison
ETCO has a 0.66% expense ratio, which is higher than EZBC's 0.19% expense ratio.
Dividends
ETCO vs. EZBC - Dividend Comparison
ETCO's dividend yield for the trailing twelve months is around 129.56%, while EZBC has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | 129.56% | 42.29% |
EZBC Franklin Bitcoin ETF | 0.00% | 0.00% |
Frequently Asked Questions
ETCO and EZBC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.66% for ETCO.
ETCO has the higher dividend yield at 129.56%, compared with 0.00% for EZBC.
They also come from different issuers: Grayscale and Franklin Templeton. Their fees differ too: 0.66% for ETCO and 0.19% for EZBC.
Find the right allocation for ETCO and EZBC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer