ETCO vs. YETH

Last updated Jul 15, 2026

ETCO (Grayscale Ethereum Covered Call ETF) and YETH (Roundhill Ether Covered Call Strategy ETF) are both exchange-traded funds - ETCO is a Cryptocurrency fund actively managed by Grayscale, while YETH is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. ETCO charges 0.66%/yr vs 0.95%/yr for YETH.

Performance

ETCO vs. YETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Covered Call ETF (ETCO) and Roundhill Ether Covered Call Strategy ETF (YETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETCO achieves a -35.38% return, which is significantly lower than YETH's -30.88% return.

ETCO

• 1D: 2.10%
• 1M: 3.80%
• 6M: -38.84%
• YTD: -35.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

YETH

• 1D: 4.00%
• 1M: 10.63%
• 6M: -35.34%
• YTD: -30.88%
• 1Y: -33.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETCO vs. YETH - Yearly Performance Comparison

	2026 (YTD)	2025
ETCO Grayscale Ethereum Covered Call ETF	-35.38%	-26.08%
YETH Roundhill Ether Covered Call Strategy ETF	-30.88%	-25.39%

Correlation

The correlation between ETCO and YETH is 0.93, 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 4, 2025	0.93

Return for Risk

ETCO vs. YETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETCO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

YETH

YETH Risk / Return Rank: 5
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 5
YETH Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETCO vs. YETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Covered Call ETF (ETCO) and Roundhill Ether Covered Call Strategy ETF (YETH). 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	YETH	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.59	—
Sortino ratio: Return per unit of downside risk	—	-0.57	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.58	—
Martin ratio: Return relative to average drawdown	—	-0.95	—

Drawdowns

ETCO vs. YETH - Drawdown Comparison

The maximum ETCO drawdown since its inception was -59.43%, smaller than the maximum YETH drawdown of -64.41%. Use the drawdown chart below to compare losses from any high point for ETCO and YETH.

Drawdown Indicators

	ETCO	YETH	Difference
Max Drawdown Largest peak-to-trough decline	-59.43%	-64.41%	+4.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-58.73%	—
Current Drawdown Current decline from peak	-55.69%	-57.77%	+2.08%
Average Drawdown Average peak-to-trough decline	-37.15%	-32.62%	-4.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	35.75%	—

Volatility

Volatility by Period

	ETCO	YETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.04%	—
Volatility (6M) Calculated over the trailing 6-month period	—	40.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	51.74%	57.88%	-6.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.74%	55.36%	-3.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.74%	55.36%	-3.62%

ETCO vs. YETH - Expense Ratio Comparison

ETCO has a 0.66% expense ratio, which is lower than YETH's 0.95% expense ratio.

Dividends

ETCO vs. YETH - Dividend Comparison

ETCO's dividend yield for the trailing twelve months is around 148.91%, more than YETH's 129.85% yield.

Position	TTM	2025	2024
ETCO Grayscale Ethereum Covered Call ETF	148.91%	42.29%	0.00%
YETH Roundhill Ether Covered Call Strategy ETF	129.85%	109.12%	20.52%

Frequently Asked Questions

Can I hold both ETCO and YETH in my portfolio?

With a correlation of 0.93, ETCO and YETH 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.

Which ETF is better, ETCO or YETH?

On fees, ETCO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETCO or YETH?

ETCO is cheaper with a 0.66% expense ratio, compared with 0.95% for YETH.

Which ETF pays a higher dividend yield, ETCO or YETH?

ETCO has the higher dividend yield at 148.91%, compared with 129.85% for YETH.

What is the main difference between ETCO and YETH?

ETCO is categorized as Cryptocurrency, while YETH is Derivative Income. They also come from different issuers: Grayscale and Roundhill. Their fees differ too: 0.66% for ETCO and 0.95% for YETH.