ETHA.DE vs. ETHE
ETHA.DE (21Shares Ethereum Staking ETP) and ETHE (Grayscale Ethereum Trust ETF) are both Cryptocurrency funds. ETHA.DE is actively managed, while ETHE is passively managed. Over the past 5 years, ETHA.DE returned -6.03%/yr vs -12.99%/yr for ETHE. A 0.65 correlation means they provide meaningful diversification when combined. ETHA.DE charges 1.49%/yr vs 2.50%/yr for ETHE.
Performance
ETHA.DE vs. ETHE - Performance Comparison
Loading charts...
Different Trading Currencies
ETHA.DE is traded in EUR, while ETHE is traded in USD. To make them comparable, the ETHE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETHA.DE achieves a -39.59% return, which is significantly higher than ETHE's -46.13% return.
ETHA.DE
- 1D
- -3.89%
- 1M
- -23.90%
- YTD
- -39.59%
- 6M
- -41.48%
- 1Y
- -32.56%
- 3Y*
- -4.07%
- 5Y*
- -6.03%
- 10Y*
- —
ETHE
- 1D
- -10.50%
- 1M
- -31.66%
- YTD
- -46.13%
- 6M
- -47.58%
- 1Y
- -39.04%
- 3Y*
- 12.12%
- 5Y*
- -12.99%
- 10Y*
- —
ETHA.DE vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -39.59% | -22.34% | 52.23% | 90.31% | -66.47% | 111.78% |
ETHE Grayscale Ethereum Trust ETF | -46.13% | -23.35% | 53.65% | 296.16% | -84.38% | 86.14% |
Correlation
The correlation between ETHA.DE and ETHE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021 | 0.65 |
The correlation between ETHA.DE and ETHE shifts across timeframes, from 0.65 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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
ETHA.DE vs. ETHE — Risk / Return Rank
ETHA.DE
ETHE
ETHA.DE vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) and Grayscale Ethereum Trust ETF (ETHE). 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.
| ETHA.DE | ETHE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.94 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.58 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.94 | -1.02 | +0.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ETHA.DE | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.57 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.16 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.05 | -0.06 |
Drawdowns
ETHA.DE vs. ETHE - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, smaller than the maximum ETHE drawdown of -96.09%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and ETHE.
Loading charts...
Drawdown Indicators
| ETHA.DE | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -96.09% | +19.27% |
Max Drawdown (1Y)Largest decline over 1 year | -61.72% | -67.20% | +5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -64.71% | -67.20% | +2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -76.82% | -89.06% | +12.24% |
Current DrawdownCurrent decline from peak | -64.41% | -80.26% | +15.85% |
Average DrawdownAverage peak-to-trough decline | -43.74% | -71.81% | +28.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 38.30% | -1.95% |
Volatility
ETHA.DE vs. ETHE - Volatility Comparison
The current volatility for 21Shares Ethereum Staking ETP (ETHA.DE) is 10.14%, while Grayscale Ethereum Trust ETF (ETHE) has a volatility of 13.60%. This indicates that ETHA.DE experiences smaller price fluctuations and is considered to be less risky than ETHE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETHA.DE | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 13.60% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 42.04% | 45.66% | -3.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.62% | 68.27% | -8.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.07% | 81.46% | -14.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.50% | 190.57% | -121.07% |
ETHA.DE vs. ETHE - Expense Ratio Comparison
ETHA.DE has a 1.49% expense ratio, which is lower than ETHE's 2.50% expense ratio.
Dividends
ETHA.DE vs. ETHE - Dividend Comparison
ETHA.DE has not paid dividends to shareholders, while ETHE's dividend yield for the trailing twelve months is around 1.54%.
| Position | TTM |
|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | 0.00% |
ETHE Grayscale Ethereum Trust ETF | 1.54% |
Frequently Asked Questions
ETHA.DE and ETHE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHA.DE is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHA.DE is cheaper with a 1.49% expense ratio, compared with 2.50% for ETHE.
They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 1.49% for ETHA.DE and 2.50% for ETHE.
Find the right allocation for ETHA.DE and ETHE
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