ETHA vs. IVV
ETHA (iShares Ethereum Trust ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while IVV is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ETHA returned -31.79% vs 28.00% for IVV. A 0.51 correlation means they provide meaningful diversification when combined. ETHA charges 0.25%/yr vs 0.03%/yr for IVV.
Performance
ETHA vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, ETHA achieves a -39.46% return, which is significantly lower than IVV's 10.85% return.
ETHA
- 1D
- -5.56%
- 1M
- -23.58%
- YTD
- -39.46%
- 6M
- -42.75%
- 1Y
- -31.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- -0.76%
- 1M
- 4.97%
- YTD
- 10.85%
- 6M
- 10.87%
- 1Y
- 28.00%
- 3Y*
- 22.43%
- 5Y*
- 13.88%
- 10Y*
- 15.54%
ETHA vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -39.46% | -11.31% | -3.62% |
IVV iShares Core S&P 500 ETF | 10.85% | 17.85% | 6.51% |
Correlation
The correlation between ETHA and IVV is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.51 |
The correlation between ETHA and IVV has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
ETHA vs. IVV — Risk / Return Rank
ETHA
IVV
ETHA vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.85 | ||
| Sortino ratioReturn per unit of downside risk | -3.56 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.43 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 3.17 | -3.67 |
| Martin ratioReturn relative to average drawdown | -0.84 | 14.71 | -15.55 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETHA | IVV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.47 | 2.39 | -2.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.86 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.41 | 0.45 | -0.87 |
Drawdowns
ETHA vs. IVV - Drawdown Comparison
The maximum ETHA drawdown since its inception was -64.02%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ETHA and IVV.
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Drawdown Indicators
| ETHA | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.02% | -55.25% | -8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -62.89% | -8.89% | -54.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -62.89% | -0.76% | -62.13% |
Average DrawdownAverage peak-to-trough decline | -32.65% | -10.78% | -21.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.73% | 1.91% | +35.82% |
Volatility
ETHA vs. IVV - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 10.15% compared to iShares Core S&P 500 ETF (IVV) at 2.87%. This indicates that ETHA's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 2.87% | +7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 46.25% | 8.90% | +37.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.61% | 11.80% | +56.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.53% | 16.88% | +55.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.53% | 18.05% | +54.48% |
ETHA vs. IVV - Expense Ratio Comparison
ETHA has a 0.25% expense ratio, which is higher than IVV's 0.03% 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. IVV - Dividend Comparison
ETHA has not paid dividends to shareholders, while IVV's dividend yield for the trailing twelve months is around 1.06%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.06% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
ETHA and IVV have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (10.15%) compared to IVV (2.87%). In terms of maximum drawdown, ETHA dropped -64.02% vs IVV's -55.25%.
On 1-year performance, IVV leads with 28.00% vs -31.79% for ETHA. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVV has performed better with a 28.00% return vs -31.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 0.25% for ETHA.
IVV has the higher dividend yield at 1.06%, compared with 0.00% for ETHA.
ETHA is categorized as Cryptocurrency, while IVV is S&P 500. ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while IVV tracks S&P 500 Index. Their fees differ too: 0.25% for ETHA and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (2.39 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.
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