ETHA vs. ETHV

Last updated Jun 4, 2026

ETHA (iShares Ethereum Trust ETF) and ETHV (VanEck Ethereum ETF) are both Cryptocurrency funds - ETHA tracks the CME CF Ether Dollar Reference Rate - New York Variant while ETHV tracks the MarketVector Ethereum Benchmark Rate. Both are passively managed. Over the past year, ETHA returned -31.79% vs -31.70% for ETHV. With a 1.00 correlation, they move nearly in lockstep. ETHA charges 0.25%/yr vs 0.20%/yr for ETHV.

Performance

ETHA vs. ETHV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with ETHA having a -39.46% return and ETHV slightly higher at -39.43%.

ETHA

• 1D: -5.56%
• 1M: -23.58%
• YTD: -39.46%
• 6M: -42.75%
• 1Y: -31.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHV

• 1D: -5.70%
• 1M: -23.67%
• YTD: -39.43%
• 6M: -42.69%
• 1Y: -31.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHA vs. ETHV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHA iShares Ethereum Trust ETF	-39.46%	-11.31%	-3.62%
ETHV VanEck Ethereum ETF	-39.43%	-11.02%	-3.67%

Correlation

The correlation between ETHA and ETHV is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	1.00

The correlation between ETHA and ETHV has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

ETHA vs. ETHV — Risk / Return Rank

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

ETHA

ETHA Risk / Return Rank: 5
ETHA Sharpe Ratio Rank: 5
ETHA Sortino Ratio Rank: 5
ETHA Omega Ratio Rank: 5
ETHA Calmar Ratio Rank: 4
ETHA Martin Ratio Rank: 5

ETHV

ETHV Risk / Return Rank: 5
ETHV Sharpe Ratio Rank: 5
ETHV Sortino Ratio Rank: 5
ETHV Omega Ratio Rank: 6
ETHV Calmar Ratio Rank: 4
ETHV Martin Ratio Rank: 5

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. ETHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and VanEck Ethereum ETF (ETHV). 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	ETHV	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	-0.47	0.00
Sortino ratio: Return per unit of downside risk	-0.31	-0.32	0.00
Omega ratio: Gain probability vs. loss probability	0.97	0.97	0.00
Calmar ratio: Return relative to maximum drawdown	-0.51	-0.51	0.00
Martin ratio: Return relative to average drawdown	-0.84	-0.84	0.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHA vs. ETHV - Sharpe Ratio Comparison

The current ETHA Sharpe Ratio is -0.47, which is comparable to the ETHV Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of ETHA and ETHV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETHA	ETHV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	-0.47	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.41	0.00

Drawdowns

ETHA vs. ETHV - Drawdown Comparison

The maximum ETHA drawdown since its inception was -64.02%, roughly equal to the maximum ETHV drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for ETHA and ETHV.

Drawdown Indicators

	ETHA	ETHV	Difference
Max Drawdown Largest peak-to-trough decline	-64.02%	-64.02%	0.00%
Max Drawdown (1Y) Largest decline over 1 year	-62.89%	-62.87%	-0.02%
Current Drawdown Current decline from peak	-62.89%	-62.87%	-0.02%
Average Drawdown Average peak-to-trough decline	-32.65%	-32.64%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.73%	37.74%	-0.01%

Volatility

ETHA vs. ETHV - Volatility Comparison

iShares Ethereum Trust ETF (ETHA) and VanEck Ethereum ETF (ETHV) have volatilities of 10.15% and 9.92%, 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.

Volatility by Period

	ETHA	ETHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.15%	9.92%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	46.25%	46.03%	+0.22%
Volatility (1Y) Calculated over the trailing 1-year period	68.61%	68.43%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.53%	72.30%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.53%	72.30%	+0.23%

ETHA vs. ETHV - Expense Ratio Comparison

ETHA has a 0.25% expense ratio, which is higher than ETHV's 0.20% 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%.

Dividends

ETHA vs. ETHV - Dividend Comparison

Neither ETHA nor ETHV has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETHA and ETHV in my portfolio?

With a correlation of 1.00, ETHA and ETHV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ETHA or ETHV?

ETHA has higher volatility (10.15%) compared to ETHV (9.92%). In terms of maximum drawdown, ETHA dropped -64.02% vs ETHV's -64.02%.

Which ETF is better, ETHA or ETHV?

On 1-year performance, ETHV leads with -31.70% vs -31.79% for ETHA. On fees, ETHV is cheaper at 0.20% per year. On volatility, ETHV has been the lower-risk option at 9.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHA or ETHV?

Over the 1-year period, ETHV has performed better with a -31.70% return vs -31.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHA or ETHV?

ETHV is cheaper with a 0.20% expense ratio, compared with 0.25% for ETHA.

Which ETF pays a higher dividend yield, ETHA or ETHV?

ETHA and ETHV have nearly identical dividend yields, around 0.00%.

What is the main difference between ETHA and ETHV?

ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while ETHV tracks MarketVector Ethereum Benchmark Rate. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.25% for ETHA and 0.20% for ETHV.

Which has better risk-adjusted returns?

ETHV currently has the higher Sharpe Ratio (-0.47 vs -0.47), 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.