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ETH-USD vs. SPY
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ETH-USD and SPY is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

ETH-USD vs. SPY

Last updated May 30, 2025

Compare and contrast key facts about Ethereum (ETH-USD) and SPDR S&P 500 ETF (SPY).

SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETH-USD or SPY.

Performance

ETH-USD vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ethereum (ETH-USD) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

ETH-USD:

-0.41

SPY:

0.67

Sortino Ratio

ETH-USD:

0.94

SPY:

1.03

Omega Ratio

ETH-USD:

1.10

SPY:

1.15

Calmar Ratio

ETH-USD:

0.08

SPY:

0.69

Martin Ratio

ETH-USD:

0.60

SPY:

2.61

Ulcer Index

ETH-USD:

33.01%

SPY:

4.92%

Daily Std Dev

ETH-USD:

60.46%

SPY:

20.44%

Max Drawdown

ETH-USD:

-93.96%

SPY:

-55.19%

Current Drawdown

ETH-USD:

-44.26%

SPY:

-3.44%

Returns By Period

In the year-to-date period, ETH-USD achieves a -19.51% return, which is significantly lower than SPY's 0.98% return.

ETH-USD

YTD

-19.51%

1M

49.08%

6M

-25.07%

1Y

-28.73%

3Y*

13.97%

5Y*

64.80%

10Y*

N/A

SPY

YTD

0.98%

1M

6.45%

6M

-0.84%

1Y

13.58%

3Y*

14.08%

5Y*

15.83%

10Y*

12.73%

*Annualized

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Ethereum

SPDR S&P 500 ETF

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

ETH-USD vs. SPY — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ETH-USD
The Risk-Adjusted Performance Rank of ETH-USD is 5151
Overall Rank
The Sharpe Ratio Rank of ETH-USD is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of ETH-USD is 4747
Sortino Ratio Rank
The Omega Ratio Rank of ETH-USD is 4848
Omega Ratio Rank
The Calmar Ratio Rank of ETH-USD is 5858
Calmar Ratio Rank
The Martin Ratio Rank of ETH-USD is 5959
Martin Ratio Rank
SPY
The Risk-Adjusted Performance Rank of SPY is 6363
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6060
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6363
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6565
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

ETH-USD vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and 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.

The current ETH-USD Sharpe Ratio is -0.41, which is lower than the SPY Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of ETH-USD and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

ETH-USD vs. SPY - Drawdown Comparison

The maximum ETH-USD drawdown since its inception was -93.96%, 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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

ETH-USD vs. SPY - Volatility Comparison

Ethereum (ETH-USD) has a higher volatility of 25.29% compared to SPDR S&P 500 ETF (SPY) at 4.85%. 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.

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