ETH-USD vs. ETHA
ETH-USD (Ethereum) is a cryptocurrency, while ETHA (iShares Ethereum Trust ETF) is Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant. Over the past year, ETH-USD returned -32.21% vs -31.78% for ETHA. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. ETHA - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with ETH-USD having a -42.29% return and ETHA slightly lower at -42.58%.
ETH-USD
- 1D
- -2.11%
- 1M
- -18.86%
- YTD
- -42.29%
- 6M
- -39.43%
- 1Y
- -32.21%
- 3Y*
- -0.47%
- 5Y*
- -4.58%
- 10Y*
- 64.49%
ETHA
- 1D
- -1.45%
- 1M
- -19.15%
- YTD
- -42.58%
- 6M
- -38.67%
- 1Y
- -31.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH-USD Ethereum | -42.29% | -10.91% | -3.22% |
ETHA iShares Ethereum Trust ETF | -42.58% | -11.31% | -4.89% |
Correlation
The correlation between ETH-USD and ETHA is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.68 |
The correlation between ETH-USD and ETHA has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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
ETH-USD vs. ETHA — Risk / Return Rank
ETH-USD
ETHA
ETH-USD vs. ETHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and iShares Ethereum Trust ETF (ETHA). 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.
| ETH-USD | ETHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.97 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.47 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.81 | -0.80 | -0.01 |
Loading charts...
Drawdowns
ETH-USD vs. ETHA - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than ETHA's maximum drawdown of -67.56%. Use the drawdown chart below to compare losses from any high point for ETH-USD and ETHA.
Loading charts...
Drawdown Indicators
| ETH-USD | ETHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -67.56% | -26.45% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -67.56% | +0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -64.56% | -64.80% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -50.91% | -33.51% | -17.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.36% | 39.99% | +1.37% |
Volatility
ETH-USD vs. ETHA - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 18.15%, while iShares Ethereum Trust ETF (ETHA) has a volatility of 19.67%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than ETHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETH-USD | ETHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.15% | 19.67% | -1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 46.36% | 47.12% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.22% | 69.28% | -13.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.48% | 72.74% | -13.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.21% | 72.74% | +4.47% |
Frequently Asked Questions
ETH-USD and ETHA have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (19.67%) compared to ETH-USD (18.15%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ETHA's -67.56%.
ETHA currently has the higher Sharpe Ratio (-0.46 vs -0.48), 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.
Find the right allocation for ETH-USD and ETHA
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