ETHA vs. EZBC
ETHA (iShares Ethereum Trust ETF) and EZBC (Franklin Bitcoin ETF) are both Cryptocurrency funds - ETHA tracks the CME CF Ether Dollar Reference Rate - New York Variant while EZBC tracks the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ETHA returned -46.77% vs -43.67% for EZBC. Their correlation of 0.82 means they have usually moved in the same direction. ETHA charges 0.25%/yr vs 0.19%/yr for EZBC.
Performance
ETHA vs. EZBC - Performance Comparison
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Returns By Period
In the year-to-date period, ETHA achieves a -37.09% return, which is significantly lower than EZBC's -27.09% return.
ETHA
- 1D
- 0.28%
- 1M
- 9.72%
- 6M
- -19.37%
- YTD
- -37.09%
- 1Y
- -46.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.83%
EZBC
- 1D
- 1.54%
- 1M
- 3.86%
- 6M
- -18.20%
- YTD
- -27.09%
- 1Y
- -43.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $446.17M | $410.98M | $410.24M | |
| $3.88M | $4.12M | $6.98M |
ETHA vs. EZBC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -37.09% | -11.31% | -4.89% |
EZBC Franklin Bitcoin ETF | -27.09% | -6.56% | 36.64% |
Correlation
The correlation between ETHA and EZBC is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.82 |
The correlation between ETHA and EZBC has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.
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Return for Risk
ETHA vs. EZBC — Risk / Return Rank
ETHA
EZBC
ETHA vs. EZBC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and Franklin Bitcoin ETF (EZBC). 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 | EZBC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.84 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.82 | +0.13 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.26 | +0.23 |
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Drawdowns
ETHA vs. EZBC - Drawdown Comparison
The maximum ETHA drawdown since its inception was -67.91%, which is greater than EZBC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for ETHA and EZBC.
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Drawdown Indicators
| ETHA | EZBC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.91% | -53.35% | -14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -67.91% | -53.35% | -14.56% |
Current DrawdownCurrent decline from peak | -61.44% | -49.25% | -12.19% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -18.33% | -16.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.53% | 34.78% | +10.75% |
Volatility
ETHA vs. EZBC - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 12.55% compared to Franklin Bitcoin ETF (EZBC) at 8.83%. This indicates that ETHA's price experiences larger fluctuations and is considered to be riskier than EZBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA | EZBC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | 8.83% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 45.91% | 33.80% | +12.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.32% | 44.39% | +22.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.46% | 49.49% | +21.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.46% | 49.49% | +21.97% |
ETHA vs. EZBC - Expense Ratio Comparison
ETHA has a 0.25% expense ratio, which is higher than EZBC's 0.19% 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. EZBC - Dividend Comparison
Neither ETHA nor EZBC has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, ETHA and EZBC 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.
ETHA has higher volatility (12.55%) compared to EZBC (8.83%). In terms of maximum drawdown, ETHA dropped -67.91% vs EZBC's -53.35%.
On 1-year performance, EZBC leads with -43.67% vs -46.77% for ETHA. On fees, EZBC is cheaper at 0.19% per year. On volatility, EZBC has been the lower-risk option at 8.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EZBC has performed better with a -43.67% return vs -46.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EZBC is cheaper with a 0.19% expense ratio, compared with 0.25% for ETHA.
ETHA and EZBC have nearly identical dividend yields, around 0.00%.
ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while EZBC tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.25% for ETHA and 0.19% for EZBC.
ETHA currently has the higher Sharpe Ratio (-0.70 vs -0.99), 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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