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 -49.62% vs -49.67% for ETHA. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
ETH-USD vs. ETHA - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ETH-USD having a -35.49% return and ETHA slightly higher at -35.40%.
ETH-USD
- 1D
- 1.23%
- 1M
- 21.96%
- 6M
- -36.66%
- YTD
- -35.49%
- 1Y
- -49.62%
- 3Y*
- 0.59%
- 5Y*
- -4.29%
- 10Y*
- 65.40%
- ALL TIME*
- 80.14%
ETHA
- 1D
- -1.50%
- 1M
- 21.87%
- 6M
- -36.53%
- YTD
- -35.40%
- 1Y
- -49.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETH-USD Ethereum | $19.13T | $19.02T | $26.90T |
| $452.25M | $407.68M | $403.83M |
ETH-USD vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH-USD Ethereum | -35.49% | -10.91% | -3.22% |
ETHA iShares Ethereum Trust ETF | -35.40% | -11.31% | -4.89% |
Correlation
The correlation between ETH-USD and ETHA is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
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 0.72 - 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 | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.89 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.73 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.11 | +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 -67.91%. 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% | -67.91% | -26.10% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -67.91% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | — | — |
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 | -60.38% | -60.40% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -51.03% | -35.05% | -15.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.37% | 44.88% | -10.51% |
Volatility
ETH-USD vs. ETHA - Volatility Comparison
Ethereum (ETH-USD) and iShares Ethereum Trust ETF (ETHA) have volatilities of 13.08% and 13.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. 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 | 13.08% | 13.40% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 45.85% | 46.71% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.90% | 67.51% | -12.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.54% | 71.69% | -13.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.44% | 71.69% | +4.75% |
Frequently Asked Questions
ETH-USD and ETHA have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (13.40%) compared to ETH-USD (13.08%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ETHA's -67.91%.
ETHA currently has the higher Sharpe Ratio (-0.74 vs -0.75), 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