ETHA.DE vs. IBIT
ETHA.DE (21Shares Ethereum Staking ETP) and IBIT (iShares Bitcoin Trust ETF) are both Cryptocurrency funds. ETHA.DE is actively managed, while IBIT is passively managed. Over the past year, ETHA.DE returned -32.56% vs -38.67% for IBIT. A 0.62 correlation means they provide meaningful diversification when combined. ETHA.DE charges 1.49%/yr vs 0.25%/yr for IBIT.
Performance
ETHA.DE vs. IBIT - Performance Comparison
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Different Trading Currencies
ETHA.DE is traded in EUR, while IBIT is traded in USD. To make them comparable, the IBIT 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 lower than IBIT's -26.63% 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*
- —
IBIT
- 1D
- 0.00%
- 1M
- -21.12%
- YTD
- -26.63%
- 6M
- -28.78%
- 1Y
- -38.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA.DE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -39.59% | -22.34% | 37.21% |
IBIT iShares Bitcoin Trust ETF | -29.89% | -17.52% | 111.13% |
Correlation
The correlation between ETHA.DE and IBIT is 0.72, 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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.62 |
The correlation between ETHA.DE and IBIT shifts across timeframes, from 0.62 (all time) to 0.72 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ETHA.DE vs. IBIT — Risk / Return Rank
ETHA.DE
IBIT
ETHA.DE vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.86 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.78 | +0.23 |
| Martin ratioReturn relative to average drawdown | -0.94 | -1.35 | +0.41 |
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
| ETHA.DE | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.90 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.22 | -0.23 |
Drawdowns
ETHA.DE vs. IBIT - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, which is greater than IBIT's maximum drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and IBIT.
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Drawdown Indicators
| ETHA.DE | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -49.64% | -27.18% |
Max Drawdown (1Y)Largest decline over 1 year | -61.72% | -49.64% | -12.08% |
Max Drawdown (3Y)Largest decline over 3 years | -64.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -76.82% | — | — |
Current DrawdownCurrent decline from peak | -64.41% | -49.04% | -15.37% |
Average DrawdownAverage peak-to-trough decline | -43.74% | -16.55% | -27.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 28.65% | +7.70% |
Volatility
ETHA.DE vs. IBIT - Volatility Comparison
21Shares Ethereum Staking ETP (ETHA.DE) has a higher volatility of 10.14% compared to iShares Bitcoin Trust ETF (IBIT) at 9.15%. This indicates that ETHA.DE's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA.DE | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 9.15% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 42.04% | 33.68% | +8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.62% | 43.42% | +16.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.07% | 50.13% | +16.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.50% | 50.13% | +19.37% |
ETHA.DE vs. IBIT - Expense Ratio Comparison
ETHA.DE has a 1.49% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ETHA.DE vs. IBIT - Dividend Comparison
Neither ETHA.DE nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
ETHA.DE and IBIT have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBIT is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBIT is cheaper with a 0.25% expense ratio, compared with 1.49% for ETHA.DE.
They also come from different issuers: 21Shares and iShares. Their fees differ too: 1.49% for ETHA.DE and 0.25% for IBIT.
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