ETH-USD vs. SPY
ETH-USD (Ethereum) is a cryptocurrency, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, ETH-USD returned 65.40%/yr vs 14.89%/yr for SPY. Their 0.18 correlation means their historical movements had little consistent relationship.
Performance
ETH-USD vs. SPY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETH-USD achieves a -35.49% return, which is significantly lower than SPY's 9.22% return. Over the past 10 years, ETH-USD has outperformed SPY with an annualized return of 65.40%, while SPY has yielded a comparatively lower 14.89% annualized return.
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%
SPY
- 1D
- 0.24%
- 1M
- 1.63%
- 6M
- 7.09%
- YTD
- 9.22%
- 1Y
- 17.60%
- 3Y*
- 18.95%
- 5Y*
- 12.46%
- 10Y*
- 14.89%
- ALL TIME*
- 10.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETH-USD Ethereum | $19.13T | $19.02T | $26.90T |
| $34.03B | $34.70B | $38.77B |
ETH-USD vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETH-USD Ethereum | -35.49% | -10.91% | 46.00% | 90.84% | -67.48% | 398.30% | 473.88% | -1.52% | -82.39% | 8,984.19% |
SPY State Street SPDR S&P 500 ETF | 9.22% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Correlation
The correlation between ETH-USD and SPY is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2015 | 0.18 |
Over the past year, ETH-USD and SPY have become more correlated (0.39) than their long-term average of 0.18, meaning their price movements have been converging.
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. SPY — Risk / Return Rank
ETH-USD
SPY
ETH-USD vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.15 | ||
| Sortino ratioReturn per unit of downside risk | -2.95 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.25 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 1.99 | -2.72 |
| Martin ratioReturn relative to average drawdown | -1.10 | 8.54 | -9.64 |
Loading charts...
Drawdowns
ETH-USD vs. SPY - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ETH-USD and SPY.
Loading charts...
Drawdown Indicators
| ETH-USD | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -55.19% | -38.82% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -8.88% | -58.72% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | -18.76% | -48.84% |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | -24.50% | -54.85% |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | -33.72% | -60.29% |
Current DrawdownCurrent decline from peak | -60.38% | -2.21% | -58.17% |
Average DrawdownAverage peak-to-trough decline | -51.03% | -9.01% | -42.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.37% | 2.07% | +32.30% |
Volatility
ETH-USD vs. SPY - Volatility Comparison
Ethereum (ETH-USD) has a higher volatility of 13.08% compared to State Street SPDR S&P 500 ETF (SPY) at 3.18%. This indicates that ETH-USD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETH-USD | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 3.18% | +9.90% |
Volatility (6M)Calculated over the trailing 6-month period | 45.85% | 9.87% | +35.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.90% | 12.68% | +42.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.54% | 17.15% | +41.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.44% | 17.94% | +58.50% |
Frequently Asked Questions
ETH-USD and SPY have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH-USD has higher volatility (13.08%) compared to SPY (3.18%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs SPY's -55.19%.
SPY currently has the higher Sharpe Ratio (1.39 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 SPY
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