ETH vs. WGMI
ETH (Grayscale Ethereum Staking Mini ETF) and WGMI (CoinShares Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, ETH returned -45.97% vs 133.77% for WGMI. Their 0.57 correlation means they have sometimes moved together and sometimes differently. ETH charges 0.15%/yr vs 0.75%/yr for WGMI.
Performance
ETH vs. WGMI - Performance Comparison
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Returns By Period
In the year-to-date period, ETH achieves a -36.49% return, which is significantly lower than WGMI's 43.06% return.
ETH
- 1D
- 0.11%
- 1M
- 10.14%
- 6M
- -18.78%
- YTD
- -36.49%
- 1Y
- -45.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.19%
WGMI
- 1D
- 6.39%
- 1M
- 2.93%
- 6M
- 23.20%
- YTD
- 43.06%
- 1Y
- 133.77%
- 3Y*
- 56.99%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.27M | $33.28M | $46.00M | |
| $37.11M | $31.73M | $41.52M |
ETH vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | -36.49% | -10.89% | -4.58% |
WGMI CoinShares Bitcoin Miners ETF | 43.06% | 72.47% | -12.66% |
Correlation
The correlation between ETH and WGMI is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.57 |
The correlation between ETH and WGMI has been stable across timeframes, ranging from 0.49 to 0.57 - a consistent structural relationship.
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Return for Risk
ETH vs. WGMI — Risk / Return Rank
ETH
WGMI
ETH vs. WGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Staking Mini ETF (ETH) and CoinShares Bitcoin Miners ETF (WGMI). 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 | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.05 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.26 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 2.64 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.02 | 5.10 | -6.12 |
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Drawdowns
ETH vs. WGMI - Drawdown Comparison
The maximum ETH drawdown since its inception was -67.52%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for ETH and WGMI.
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Drawdown Indicators
| ETH | WGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.52% | -85.76% | +18.24% |
Max Drawdown (1Y)Largest decline over 1 year | -67.52% | -50.94% | -16.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.79% | — |
Current DrawdownCurrent decline from peak | -60.89% | -24.06% | -36.83% |
Average DrawdownAverage peak-to-trough decline | -35.09% | -41.96% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.23% | 26.33% | +18.90% |
Volatility
ETH vs. WGMI - Volatility Comparison
The current volatility for Grayscale Ethereum Staking Mini ETF (ETH) is 12.23%, while CoinShares Bitcoin Miners ETF (WGMI) has a volatility of 34.42%. This indicates that ETH experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH | WGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.23% | 34.42% | -22.19% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 61.40% | -15.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.03% | 83.14% | -16.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.15% | 82.41% | -11.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.15% | 82.41% | -11.26% |
ETH vs. WGMI - Expense Ratio Comparison
ETH has a 0.15% expense ratio, which is lower than WGMI's 0.75% expense ratio.
Dividends
ETH vs. WGMI - Dividend Comparison
Neither ETH nor WGMI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
ETH and WGMI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGMI has higher volatility (34.42%) compared to ETH (12.23%). In terms of maximum drawdown, ETH dropped -67.52% vs WGMI's -85.76%.
On 1-year performance, WGMI leads with 133.77% vs -45.97% for ETH. On fees, ETH is cheaper at 0.15% per year. On volatility, ETH has been the lower-risk option at 12.23%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, WGMI has performed better with a 133.77% return vs -45.97%. 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 0.75% for WGMI.
ETH and WGMI have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Grayscale and CoinShares. Their fees differ too: 0.15% for ETH and 0.75% for WGMI.
WGMI currently has the higher Sharpe Ratio (1.62 vs -0.69), 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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