ETCO vs. EZPZ
ETCO (Grayscale Ethereum Covered Call ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. ETCO is actively managed, while EZPZ is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. ETCO charges 0.66%/yr vs 0.19%/yr for EZPZ.
Performance
ETCO vs. EZPZ - Performance Comparison
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Returns By Period
In the year-to-date period, ETCO achieves a -34.48% return, which is significantly lower than EZPZ's -30.11% return.
ETCO
- 1D
- -1.66%
- 1M
- -22.34%
- YTD
- -34.48%
- 6M
- -36.17%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZPZ
- 1D
- -2.64%
- 1M
- -22.06%
- YTD
- -30.11%
- 6M
- -34.97%
- 1Y
- -40.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETCO vs. EZPZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | -34.48% | -24.78% |
EZPZ Franklin Crypto Index ETF | -30.11% | -23.44% |
Correlation
The correlation between ETCO and EZPZ is 0.92, 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 | 0.92 |
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Return for Risk
ETCO vs. EZPZ — Risk / Return Rank
ETCO
EZPZ
ETCO vs. EZPZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Franklin Crypto Index ETF (EZPZ). 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.
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Sharpe Ratios by Period
| ETCO | EZPZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.17 | -0.64 | -0.53 |
Drawdowns
ETCO vs. EZPZ - Drawdown Comparison
The maximum ETCO drawdown since its inception was -56.81%, which is greater than EZPZ's maximum drawdown of -52.87%. Use the drawdown chart below to compare losses from any high point for ETCO and EZPZ.
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Drawdown Indicators
| ETCO | EZPZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.81% | -52.87% | -3.94% |
Max Drawdown (1Y)Largest decline over 1 year | — | -52.87% | — |
Current DrawdownCurrent decline from peak | -55.08% | -52.87% | -2.21% |
Average DrawdownAverage peak-to-trough decline | -34.54% | -21.81% | -12.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.62% | — |
Volatility
ETCO vs. EZPZ - Volatility Comparison
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Volatility by Period
| ETCO | EZPZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 36.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 52.38% | 46.85% | +5.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.38% | 47.63% | +4.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.38% | 47.63% | +4.75% |
ETCO vs. EZPZ - Expense Ratio Comparison
ETCO has a 0.66% expense ratio, which is higher than EZPZ's 0.19% expense ratio.
Dividends
ETCO vs. EZPZ - Dividend Comparison
ETCO's dividend yield for the trailing twelve months is around 129.56%, while EZPZ has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ETCO Grayscale Ethereum Covered Call ETF | 129.56% | 42.29% |
EZPZ Franklin Crypto Index ETF | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.92, ETCO and EZPZ 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, EZPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EZPZ 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 EZPZ.
They also come from different issuers: Grayscale and Franklin Templeton. Their fees differ too: 0.66% for ETCO and 0.19% for EZPZ.
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