ETHA vs. ETHE
Compare and contrast key facts about iShares Ethereum Trust ETF (ETHA) and Grayscale Ethereum Trust ETF (ETHE).
ETHA 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 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. 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. Both ETHA and ETHE 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. ETHE - Performance Comparison
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ETHA vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -27.95% | -11.31% | -3.62% |
ETHE Grayscale Ethereum Trust ETF | -28.06% | -13.03% | -4.53% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ETHA having a -27.95% return and ETHE slightly lower at -28.06%.
ETHA
- 1D
- 2.08%
- 1M
- 5.14%
- YTD
- -27.95%
- 6M
- -50.73%
- 1Y
- 11.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE
- 1D
- 2.11%
- 1M
- 5.07%
- YTD
- -28.06%
- 6M
- -50.86%
- 1Y
- 10.20%
- 3Y*
- 26.95%
- 5Y*
- -1.42%
- 10Y*
- —
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ETHA vs. ETHE - Expense Ratio Comparison
ETHA has a 0.25% expense ratio, which is lower than ETHE's 2.50% expense ratio.
Return for Risk
ETHA vs. ETHE — Risk / Return Rank
ETHA
ETHE
ETHA vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) 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 | ETHE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.15 | 0.14 | +0.02 |
Sortino ratioReturn per unit of downside risk | 0.79 | 0.76 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.27 | 0.25 | +0.03 |
Martin ratioReturn relative to average drawdown | 0.55 | 0.49 | +0.06 |
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 | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.15 | 0.14 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.08 | -0.41 |
Correlation
The correlation between ETHA and ETHE is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ETHA vs. ETHE - Dividend Comparison
ETHA has not paid dividends to shareholders, while ETHE's dividend yield for the trailing twelve months is around 0.74%.
| TTM | |
|---|---|
ETHA iShares Ethereum Trust ETF | 0.00% |
ETHE Grayscale Ethereum Trust ETF | 0.74% |
Drawdowns
ETHA vs. ETHE - Drawdown Comparison
The maximum ETHA drawdown since its inception was -64.02%, smaller than the maximum ETHE drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for ETHA and ETHE.
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Drawdown Indicators
| ETHA | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.02% | -96.26% | +32.24% |
Max Drawdown (1Y)Largest decline over 1 year | -61.66% | -61.89% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.85% | — |
Current DrawdownCurrent decline from peak | -55.83% | -72.79% | +16.96% |
Average DrawdownAverage peak-to-trough decline | -30.46% | -72.24% | +41.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.61% | 30.81% | -0.20% |
Volatility
ETHA vs. ETHE - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) and Grayscale Ethereum Trust ETF (ETHE) have volatilities of 19.12% and 19.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.12% | 19.07% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 53.75% | 53.57% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.10% | 75.68% | +0.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.03% | 85.12% | -10.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 75.03% | 194.12% | -119.09% |