ETHA vs. ACWI
ETHA (iShares Ethereum Trust ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. Both are passively managed. Over the past year, ETHA returned -46.41% vs 25.54% for ACWI. Their 0.51 correlation means they have sometimes moved together and sometimes differently. ETHA charges 0.25%/yr vs 0.32%/yr for ACWI.
Performance
ETHA vs. ACWI - Performance Comparison
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Returns By Period
In the year-to-date period, ETHA achieves a -35.44% return, which is significantly lower than ACWI's 14.17% return.
ETHA
- 1D
- 2.33%
- 1M
- 6.86%
- 6M
- -11.38%
- YTD
- -35.44%
- 1Y
- -46.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -25.83%
ACWI
- 1D
- -0.08%
- 1M
- 1.60%
- 6M
- 11.42%
- YTD
- 14.17%
- 1Y
- 25.54%
- 3Y*
- 20.39%
- 5Y*
- 11.20%
- 10Y*
- 12.69%
- ALL TIME*
- 8.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $416.62M | $465.89M | $498.47M | |
| $419.00M | $406.74M | $410.66M |
ETHA vs. ACWI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -35.44% | -11.31% | -4.89% |
ACWI iShares MSCI ACWI ETF | 14.17% | 22.41% | 3.38% |
Correlation
The correlation between ETHA and ACWI is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.51 |
The correlation between ETHA and ACWI has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.
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Return for Risk
ETHA vs. ACWI — Risk / Return Rank
ETHA
ACWI
ETHA vs. ACWI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and iShares MSCI ACWI ETF (ACWI). 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.
| ETHA | ACWI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.33 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.64 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.01 | 11.01 | -12.02 |
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Drawdowns
ETHA vs. ACWI - Drawdown Comparison
The maximum ETHA drawdown since its inception was -67.91%, which is greater than ACWI's maximum drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for ETHA and ACWI.
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Drawdown Indicators
| ETHA | ACWI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.91% | -56.00% | -11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -67.91% | -9.73% | -58.18% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.55% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.53% | — |
Current DrawdownCurrent decline from peak | -60.43% | -0.08% | -60.35% |
Average DrawdownAverage peak-to-trough decline | -35.35% | -8.55% | -26.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.85% | 2.33% | +43.52% |
Volatility
ETHA vs. ACWI - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 11.68% compared to iShares MSCI ACWI ETF (ACWI) at 4.18%. This indicates that ETHA's price experiences larger fluctuations and is considered to be riskier than ACWI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA | ACWI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 4.18% | +7.50% |
Volatility (6M)Calculated over the trailing 6-month period | 43.78% | 11.80% | +31.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.06% | 13.99% | +53.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.34% | 16.25% | +55.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.34% | 17.07% | +54.27% |
ETHA vs. ACWI - Expense Ratio Comparison
ETHA has a 0.25% expense ratio, which is lower than ACWI's 0.32% expense ratio.
Dividends
ETHA vs. ACWI - Dividend Comparison
ETHA has not paid dividends to shareholders, while ACWI's dividend yield for the trailing twelve months is around 1.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ACWI iShares MSCI ACWI ETF | 1.40% | 1.55% | 1.70% | 1.88% | 1.79% | 1.71% | 1.43% | 2.33% | 2.18% | 1.94% | 2.19% | 2.56% |
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHA and ACWI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (11.68%) compared to ACWI (4.18%). In terms of maximum drawdown, ETHA dropped -67.91% vs ACWI's -56.00%.
On 1-year performance, ACWI leads with 25.54% vs -46.41% for ETHA. On fees, ETHA is cheaper at 0.25% per year. On volatility, ACWI has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ACWI has performed better with a 25.54% return vs -46.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETHA is cheaper with a 0.25% expense ratio, compared with 0.32% for ACWI.
ACWI has the higher dividend yield at 1.40%, compared with 0.00% for ETHA.
ETHA is categorized as Cryptocurrency, while ACWI is Global Equities. ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while ACWI tracks MSCI All Country World Index. Their fees differ too: 0.25% for ETHA and 0.32% for ACWI.
ACWI currently has the higher Sharpe Ratio (1.83 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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