ETHA vs. CETH

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Ethereum Trust ETF (ETHA) and 21shares Core Ethereum ETF (CETH).

ETHA and CETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHA is a passively managed fund by iShares that tracks the performance of the CME CF Ether-Dollar Reference Rate-New York Variant. It was launched on Jun 24, 2024. CETH is a passively managed fund by 21Shares that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Jul 22, 2024. Both ETHA and CETH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ETHA vs. CETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Ethereum Trust ETF (ETHA) and 21shares Core Ethereum ETF (CETH). The values are adjusted to include any dividend payments, if applicable.

ETHA vs. CETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHA iShares Ethereum Trust ETF	-27.95%	-11.31%	-3.62%
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%

Returns By Period

ETHA

• 1D: 2.08%
• 1M: 5.14%
• YTD: -27.95%
• 6M: -50.73%
• 1Y: 11.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CETH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHA vs. CETH - Expense Ratio Comparison

ETHA has a 0.25% expense ratio, which is higher than CETH's 0.21% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ETHA

iShares Ethereum Trust ETF

CETH

21shares Core Ethereum ETF

Return for Risk

ETHA vs. CETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETHA

ETHA Risk / Return Rank: 19
ETHA Sharpe Ratio Rank: 15
ETHA Sortino Ratio Rank: 26
ETHA Omega Ratio Rank: 22
ETHA Calmar Ratio Rank: 17
ETHA Martin Ratio Rank: 16

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETHA vs. CETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and 21shares Core Ethereum ETF (CETH). 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	CETH	Difference
Sharpe ratio Return per unit of total volatility	0.15	—	—
Sortino ratio Return per unit of downside risk	0.79	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.27	—	—
Martin ratio Return relative to average drawdown	0.55	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETHA	CETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.15	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	—	—

Dividends

ETHA vs. CETH - Dividend Comparison

Neither ETHA nor CETH has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

Volatility

Volatility by Period

	ETHA	CETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.12%	—	—
Volatility (6M) Calculated over the trailing 6-month period	53.75%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	76.10%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.03%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.03%	—	—