ETHA vs. IWM
ETHA (iShares Ethereum Trust ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past year, ETHA returned -28.54% vs 40.90% for IWM. A 0.51 correlation means they provide meaningful diversification when combined. ETHA charges 0.25%/yr vs 0.19%/yr for IWM.
Performance
ETHA vs. IWM - Performance Comparison
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Returns By Period
In the year-to-date period, ETHA achieves a -44.18% return, which is significantly lower than IWM's 20.47% return.
ETHA
- 1D
- -4.13%
- 1M
- -19.59%
- YTD
- -44.18%
- 6M
- -44.16%
- 1Y
- -28.54%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IWM
- 1D
- -0.96%
- 1M
- 3.82%
- YTD
- 20.47%
- 6M
- 17.64%
- 1Y
- 40.90%
- 3Y*
- 19.22%
- 5Y*
- 6.27%
- 10Y*
- 11.58%
ETHA vs. IWM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -44.18% | -11.31% | -4.89% |
IWM iShares Russell 2000 ETF | 20.47% | 12.66% | 0.95% |
Correlation
The correlation between ETHA and IWM is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.51 |
The correlation between ETHA and IWM has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
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Return for Risk
ETHA vs. IWM — Risk / Return Rank
ETHA
IWM
ETHA vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and iShares Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.50 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | 3.73 | -4.15 |
| Martin ratioReturn relative to average drawdown | -0.71 | 13.18 | -13.89 |
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Drawdowns
ETHA vs. IWM - Drawdown Comparison
The maximum ETHA drawdown since its inception was -67.56%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for ETHA and IWM.
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Drawdown Indicators
| ETHA | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.56% | -59.05% | -8.51% |
Max Drawdown (1Y)Largest decline over 1 year | -67.56% | -11.03% | -56.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.91% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.13% | — |
Current DrawdownCurrent decline from peak | -65.78% | -0.96% | -64.82% |
Average DrawdownAverage peak-to-trough decline | -33.64% | -10.75% | -22.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.40% | 3.11% | +37.29% |
Volatility
ETHA vs. IWM - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 19.90% compared to iShares Russell 2000 ETF (IWM) at 6.56%. This indicates that ETHA's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.90% | 6.56% | +13.34% |
Volatility (6M)Calculated over the trailing 6-month period | 47.13% | 14.31% | +32.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.33% | 19.74% | +49.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.65% | 22.61% | +50.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.65% | 23.06% | +49.59% |
ETHA vs. IWM - Expense Ratio Comparison
ETHA has a 0.25% expense ratio, which is higher than IWM'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. IWM - Dividend Comparison
ETHA has not paid dividends to shareholders, while IWM's dividend yield for the trailing twelve months is around 0.90%.
| 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% |
IWM iShares Russell 2000 ETF | 0.90% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
ETHA and IWM have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (19.90%) compared to IWM (6.56%). In terms of maximum drawdown, ETHA dropped -67.56% vs IWM's -59.05%.
On 1-year performance, IWM leads with 40.90% vs -28.54% for ETHA. On fees, IWM is cheaper at 0.19% per year. On volatility, IWM has been the lower-risk option at 6.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IWM has performed better with a 40.90% return vs -28.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.25% for ETHA.
IWM has the higher dividend yield at 0.90%, compared with 0.00% for ETHA.
ETHA is categorized as Cryptocurrency, while IWM is Small Cap Blend Equities. ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while IWM tracks Russell 2000 Index. Their fees differ too: 0.25% for ETHA and 0.19% for IWM.
IWM currently has the higher Sharpe Ratio (2.08 vs -0.41), 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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