ETH vs. EZPZ

Last updated Jun 4, 2026

ETH (Grayscale Ethereum Staking Mini ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. ETH is actively managed, while EZPZ is passively managed. Over the past year, ETH returned -30.84% vs -39.21% for EZPZ. Their correlation of 0.91 suggests significant overlap in exposure. ETH charges 0.15%/yr vs 0.19%/yr for EZPZ.

Performance

ETH vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Staking Mini ETF (ETH) and Franklin Crypto Index ETF (EZPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETH achieves a -38.95% return, which is significantly lower than EZPZ's -28.21% return.

ETH

• 1D: -5.52%
• 1M: -23.42%
• YTD: -38.95%
• 6M: -42.17%
• 1Y: -30.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZPZ

• 1D: -3.03%
• 1M: -18.55%
• YTD: -28.21%
• 6M: -33.71%
• 1Y: -39.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETH vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
ETH Grayscale Ethereum Staking Mini ETF	-38.95%	8.26%
EZPZ Franklin Crypto Index ETF	-28.21%	-10.23%

Correlation

The correlation between ETH and EZPZ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.91

The correlation between ETH and EZPZ has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

ETH vs. EZPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETH

ETH Risk / Return Rank: 5
ETH Sharpe Ratio Rank: 5
ETH Sortino Ratio Rank: 6
ETH Omega Ratio Rank: 6
ETH Calmar Ratio Rank: 5
ETH Martin Ratio Rank: 5

EZPZ

EZPZ Risk / Return Rank: 3
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 3
EZPZ Omega Ratio Rank: 3
EZPZ Calmar Ratio Rank: 3
EZPZ Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETH vs. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) and Franklin Crypto Index ETF (EZPZ). 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	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.45	-0.84	+0.39
Sortino ratio: Return per unit of downside risk	-0.29	-1.13	+0.84
Omega ratio: Gain probability vs. loss probability	0.97	0.87	+0.10
Calmar ratio: Return relative to maximum drawdown	-0.50	-0.75	+0.26
Martin ratio: Return relative to average drawdown	-0.82	-1.29	+0.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETH vs. EZPZ - Sharpe Ratio Comparison

The current ETH Sharpe Ratio is -0.45, which is higher than the EZPZ Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of ETH and EZPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETH	EZPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.45	-0.84	+0.39
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.61	+0.20

Drawdowns

ETH vs. EZPZ - Drawdown Comparison

The maximum ETH drawdown since its inception was -64.01%, which is greater than EZPZ's maximum drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for ETH and EZPZ.

Drawdown Indicators

	ETH	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-64.01%	-52.38%	-11.63%
Max Drawdown (1Y) Largest decline over 1 year	-62.40%	-52.38%	-10.02%
Current Drawdown Current decline from peak	-62.40%	-51.59%	-10.81%
Average Drawdown Average peak-to-trough decline	-32.58%	-21.72%	-10.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.50%	30.44%	+7.06%

Volatility

ETH vs. EZPZ - Volatility Comparison

Grayscale Ethereum Staking Mini ETF (ETH) and Franklin Crypto Index ETF (EZPZ) have volatilities of 9.90% and 9.74%, 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.

Volatility by Period

	ETH	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.90%	9.74%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	46.02%	36.71%	+9.31%
Volatility (1Y) Calculated over the trailing 1-year period	68.34%	46.83%	+21.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.26%	47.65%	+24.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.26%	47.65%	+24.61%

ETH vs. EZPZ - Expense Ratio Comparison

ETH has a 0.15% expense ratio, which is lower than EZPZ's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ETH vs. EZPZ - Dividend Comparison

Neither ETH nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETH and EZPZ in my portfolio?

With a correlation of 0.92, ETH and EZPZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ETH or EZPZ?

ETH has higher volatility (9.90%) compared to EZPZ (9.74%). In terms of maximum drawdown, ETH dropped -64.01% vs EZPZ's -52.38%.

Which ETF is better, ETH or EZPZ?

On 1-year performance, ETH leads with -30.84% vs -39.21% for EZPZ. On fees, ETH is cheaper at 0.15% per year. On volatility, EZPZ has been the lower-risk option at 9.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETH or EZPZ?

Over the 1-year period, ETH has performed better with a -30.84% return vs -39.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETH or EZPZ?

ETH is cheaper with a 0.15% expense ratio, compared with 0.19% for EZPZ.

Which ETF pays a higher dividend yield, ETH or EZPZ?

ETH and EZPZ have nearly identical dividend yields, around 0.00%.

What is the main difference between ETH and EZPZ?

They also come from different issuers: Grayscale and Franklin Templeton. Their fees differ too: 0.15% for ETH and 0.19% for EZPZ.

Which has better risk-adjusted returns?

ETH currently has the higher Sharpe Ratio (-0.45 vs -0.84), 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.