ETHA.DE vs. ETHE
Compare and contrast key facts about 21Shares Ethereum Staking ETP (ETHA.DE) and Grayscale Ethereum Trust ETF (ETHE).
ETHA.DE and ETHE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHA.DE is an actively managed fund by 21Shares. It was launched on Mar 4, 2019. ETHE is a passively managed fund by Grayscale that tracks the performance of the CoinDesk Ether Price Index . It was launched on Dec 14, 2017.
Performance
ETHA.DE vs. ETHE - Performance Comparison
Loading graphics...
ETHA.DE vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -27.43% | -22.34% | 52.23% | 90.31% | -66.47% | 111.78% |
ETHE Grayscale Ethereum Trust ETF | -26.95% | -23.35% | 53.65% | 296.16% | -84.38% | 86.14% |
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
The year-to-date returns for both investments are quite close, with ETHA.DE having a -27.43% return and ETHE slightly higher at -26.95%.
ETHA.DE
- 1D
- 2.64%
- 1M
- 4.89%
- YTD
- -27.43%
- 6M
- -50.37%
- 1Y
- 3.63%
- 3Y*
- 2.74%
- 5Y*
- 1.60%
- 10Y*
- —
ETHE
- 1D
- 2.00%
- 1M
- 6.18%
- YTD
- -26.95%
- 6M
- -50.16%
- 1Y
- 2.82%
- 3Y*
- 24.24%
- 5Y*
- -1.07%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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.
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 | 0.06 | 0.04 | +0.02 |
Sortino ratioReturn per unit of downside risk | 0.56 | 0.62 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 0.07 | 0.12 | -0.05 |
Martin ratioReturn relative to average drawdown | 0.15 | 0.25 | -0.10 |
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 graphics...
Sharpe Ratios by Period
| ETHA.DE | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.04 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.01 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.01 | 0.08 | -0.07 |
Correlation
The correlation between ETHA.DE and ETHE is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
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 0.74%.
| TTM | |
|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | 0.00% |
ETHE Grayscale Ethereum Trust ETF | 0.74% |
Drawdowns
ETHA.DE vs. ETHE - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -95.71%, roughly equal to 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 graphics...
Drawdown Indicators
| ETHA.DE | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.71% | -96.26% | +0.55% |
Max Drawdown (1Y)Largest decline over 1 year | -60.95% | -61.89% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -95.71% | -89.85% | -5.86% |
Current DrawdownCurrent decline from peak | -92.08% | -72.79% | -19.29% |
Average DrawdownAverage peak-to-trough decline | -88.55% | -72.24% | -16.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.20% | 30.81% | -1.61% |
Volatility
ETHA.DE vs. ETHE - Volatility Comparison
The current volatility for 21Shares Ethereum Staking ETP (ETHA.DE) is 16.92%, while Grayscale Ethereum Trust ETF (ETHE) has a volatility of 18.49%. 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 graphics...
Volatility by Period
| ETHA.DE | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.92% | 18.49% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 45.41% | 53.18% | -7.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.31% | 76.11% | -10.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 544.60% | 84.22% | +460.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 541.03% | 192.91% | +348.12% |