ETH vs. BTRN
ETH (Grayscale Ethereum Staking Mini ETF) and BTRN (Global X Bitcoin Trend Strategy ETF) are both Cryptocurrency funds. ETH is actively managed, while BTRN is passively managed. Over the past year, ETH returned -30.84% vs -18.31% for BTRN. A 0.59 correlation means they provide meaningful diversification when combined. ETH charges 0.15%/yr vs 0.95%/yr for BTRN.
Performance
ETH vs. BTRN - Performance Comparison
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Returns By Period
In the year-to-date period, ETH achieves a -38.95% return, which is significantly lower than BTRN's -9.29% return.
ETH
- 1D
- -5.52%
- 1M
- -23.42%
- YTD
- -38.95%
- 6M
- -42.17%
- 1Y
- -30.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTRN
- 1D
- -1.35%
- 1M
- -12.31%
- YTD
- -9.29%
- 6M
- -9.90%
- 1Y
- -18.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH vs. BTRN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | -38.95% | -10.89% | -3.70% |
BTRN Global X Bitcoin Trend Strategy ETF | -9.29% | 4.89% | 24.77% |
Correlation
The correlation between ETH and BTRN is 0.62, 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 | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.59 |
The correlation between ETH and BTRN has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
ETH vs. BTRN — Risk / Return Rank
ETH
BTRN
ETH vs. BTRN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) and Global X Bitcoin Trend Strategy ETF (BTRN). 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.
| ETH | BTRN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.84 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.73 | +0.23 |
| Martin ratioReturn relative to average drawdown | -0.82 | -1.25 | +0.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETH | BTRN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.45 | -0.93 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.00 | -0.41 |
Drawdowns
ETH vs. BTRN - Drawdown Comparison
The maximum ETH drawdown since its inception was -64.01%, which is greater than BTRN's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for ETH and BTRN.
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Drawdown Indicators
| ETH | BTRN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.01% | -36.97% | -27.04% |
Max Drawdown (1Y)Largest decline over 1 year | -62.40% | -25.29% | -37.11% |
Current DrawdownCurrent decline from peak | -62.40% | -25.29% | -37.11% |
Average DrawdownAverage peak-to-trough decline | -32.58% | -14.41% | -18.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.50% | 14.68% | +22.82% |
Volatility
ETH vs. BTRN - Volatility Comparison
Grayscale Ethereum Staking Mini ETF (ETH) has a higher volatility of 9.90% compared to Global X Bitcoin Trend Strategy ETF (BTRN) at 7.24%. This indicates that ETH's price experiences larger fluctuations and is considered to be riskier than BTRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH | BTRN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.90% | 7.24% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 46.02% | 10.35% | +35.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.34% | 19.91% | +48.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.26% | 30.96% | +41.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.26% | 30.96% | +41.30% |
ETH vs. BTRN - Expense Ratio Comparison
ETH has a 0.15% expense ratio, which is lower than BTRN's 0.95% expense ratio.
Dividends
ETH vs. BTRN - Dividend Comparison
ETH has not paid dividends to shareholders, while BTRN's dividend yield for the trailing twelve months is around 30.60%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BTRN Global X Bitcoin Trend Strategy ETF | 30.60% | 27.76% | 2.56% |
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETH and BTRN have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETH has higher volatility (9.90%) compared to BTRN (7.24%). In terms of maximum drawdown, ETH dropped -64.01% vs BTRN's -36.97%.
On 1-year performance, BTRN leads with -18.31% vs -30.84% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, BTRN has been the lower-risk option at 7.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTRN has performed better with a -18.31% return vs -30.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETH is cheaper with a 0.15% expense ratio, compared with 0.95% for BTRN.
BTRN has the higher dividend yield at 30.60%, compared with 0.00% for ETH.
They also come from different issuers: Grayscale and Global X. Their fees differ too: 0.15% for ETH and 0.95% for BTRN.
ETH currently has the higher Sharpe Ratio (-0.45 vs -0.93), 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.
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