ETHA vs. AVES
ETHA (iShares Ethereum Trust ETF) and AVES (Avantis Emerging Markets Value ETF) are both exchange-traded funds - ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while AVES is a Emerging Markets Equities fund actively managed by Avantis. ETHA is passively managed, while AVES is actively managed. Over the past year, ETHA returned -34.33% vs 31.51% for AVES. At a 0.41 correlation, their price movements are largely independent. ETHA charges 0.25%/yr vs 0.36%/yr for AVES.
Performance
ETHA vs. AVES - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHA achieves a -43.96% return, which is significantly lower than AVES's 15.51% return.
ETHA
- 1D
- -1.02%
- 1M
- -27.59%
- YTD
- -43.96%
- 6M
- -45.98%
- 1Y
- -34.33%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVES
- 1D
- 0.32%
- 1M
- 0.12%
- YTD
- 15.51%
- 6M
- 18.20%
- 1Y
- 31.51%
- 3Y*
- 19.19%
- 5Y*
- —
- 10Y*
- —
ETHA vs. AVES - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -43.96% | -11.31% | -4.89% |
AVES Avantis Emerging Markets Value ETF | 15.51% | 30.49% | -2.91% |
Correlation
The correlation between ETHA and AVES is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.41 |
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 vs. AVES — Risk / Return Rank
ETHA
AVES
ETHA vs. AVES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and Avantis Emerging Markets Value ETF (AVES). 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 | AVES | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.19 | ||
| Sortino ratioReturn per unit of downside risk | -2.72 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.31 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.32 | -2.89 |
| Martin ratioReturn relative to average drawdown | -0.98 | 8.40 | -9.38 |
Loading charts...
Drawdowns
ETHA vs. AVES - Drawdown Comparison
The maximum ETHA drawdown since its inception was -67.56%, which is greater than AVES's maximum drawdown of -27.40%. Use the drawdown chart below to compare losses from any high point for ETHA and AVES.
Loading charts...
Drawdown Indicators
| ETHA | AVES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.56% | -27.40% | -40.16% |
Max Drawdown (1Y)Largest decline over 1 year | -67.56% | -12.90% | -54.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.50% | — |
Current DrawdownCurrent decline from peak | -65.65% | -2.45% | -63.20% |
Average DrawdownAverage peak-to-trough decline | -33.25% | -7.70% | -25.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.22% | 3.56% | +35.66% |
Volatility
ETHA vs. AVES - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 17.30% compared to Avantis Emerging Markets Value ETF (AVES) at 8.89%. This indicates that ETHA's price experiences larger fluctuations and is considered to be riskier than AVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETHA | AVES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.30% | 8.89% | +8.41% |
Volatility (6M)Calculated over the trailing 6-month period | 46.58% | 15.88% | +30.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.29% | 18.34% | +50.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.65% | 17.20% | +55.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.65% | 17.20% | +55.45% |
ETHA vs. AVES - Expense Ratio Comparison
ETHA has a 0.25% expense ratio, which is lower than AVES's 0.36% expense ratio.
Dividends
ETHA vs. AVES - Dividend Comparison
ETHA has not paid dividends to shareholders, while AVES's dividend yield for the trailing twelve months is around 3.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AVES Avantis Emerging Markets Value ETF | 3.53% | 3.17% | 4.09% | 3.96% | 3.70% | 0.62% |
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ETHA and AVES have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (17.30%) compared to AVES (8.89%). In terms of maximum drawdown, ETHA dropped -67.56% vs AVES's -27.40%.
On 1-year performance, AVES leads with 31.51% vs -34.33% for ETHA. On fees, ETHA is cheaper at 0.25% per year. On volatility, AVES has been the lower-risk option at 8.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AVES has performed better with a 31.51% return vs -34.33%. 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 0.36% for AVES.
AVES has the higher dividend yield at 3.53%, compared with 0.00% for ETHA.
ETHA is categorized as Cryptocurrency, while AVES is Emerging Markets Equities. They also come from different issuers: iShares and Avantis. Their fees differ too: 0.25% for ETHA and 0.36% for AVES.
AVES currently has the higher Sharpe Ratio (1.64 vs -0.56), 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.
Find the right allocation for ETHA and AVES
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