ETHA vs. VOO
ETHA (iShares Ethereum Trust ETF) and VOO (Vanguard 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 VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ETHA returned -46.77% vs 23.30% for VOO. Their 0.51 correlation means they have sometimes moved together and sometimes differently. ETHA charges 0.25%/yr vs 0.03%/yr for VOO.
Performance
ETHA vs. VOO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ETHA achieves a -37.09% return, which is significantly lower than VOO's 11.72% return.
ETHA
- 1D
- 0.28%
- 1M
- 9.72%
- 6M
- -19.37%
- YTD
- -37.09%
- 1Y
- -46.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.83%
VOO
- 1D
- 1.42%
- 1M
- 1.69%
- 6M
- 9.53%
- YTD
- 11.72%
- 1Y
- 23.30%
- 3Y*
- 20.85%
- 5Y*
- 13.12%
- 10Y*
- 15.17%
- ALL TIME*
- 14.88%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $446.17M | $410.98M | $410.24M | |
| $3.97B | $3.80B | $5.49B |
ETHA vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | -37.09% | -11.31% | -4.89% |
VOO Vanguard S&P 500 ETF | 11.72% | 17.82% | 6.36% |
Correlation
The correlation between ETHA and VOO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 0.51 |
The correlation between ETHA and VOO has been stable across timeframes, ranging from 0.51 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ETHA vs. VOO — Risk / Return Rank
ETHA
VOO
ETHA vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.33 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 2.63 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.03 | 11.23 | -12.26 |
Loading charts...
Drawdowns
ETHA vs. VOO - Drawdown Comparison
The maximum ETHA drawdown since its inception was -67.91%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ETHA and VOO.
Loading charts...
Drawdown Indicators
| ETHA | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.91% | -33.99% | -33.92% |
Max Drawdown (1Y)Largest decline over 1 year | -67.91% | -8.90% | -59.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -61.44% | 0.00% | -61.44% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -3.67% | -31.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.53% | 2.08% | +43.45% |
Volatility
ETHA vs. VOO - Volatility Comparison
iShares Ethereum Trust ETF (ETHA) has a higher volatility of 12.55% compared to Vanguard S&P 500 ETF (VOO) at 3.81%. This indicates that ETHA's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ETHA | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.55% | 3.81% | +8.74% |
Volatility (6M)Calculated over the trailing 6-month period | 45.91% | 10.18% | +35.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.32% | 12.80% | +54.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.46% | 16.95% | +54.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.46% | 18.02% | +53.44% |
ETHA vs. VOO - Expense Ratio Comparison
ETHA has a 0.25% expense ratio, which is higher than VOO'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. VOO - Dividend Comparison
ETHA has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.05%.
| 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% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
ETHA and VOO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHA has higher volatility (12.55%) compared to VOO (3.81%). In terms of maximum drawdown, ETHA dropped -67.91% vs VOO's -33.99%.
On 1-year performance, VOO leads with 23.30% vs -46.77% for ETHA. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VOO has performed better with a 23.30% return vs -46.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.25% for ETHA.
VOO has the higher dividend yield at 1.05%, compared with 0.00% for ETHA.
ETHA is categorized as Cryptocurrency, while VOO is S&P 500. ETHA tracks CME CF Ether Dollar Reference Rate - New York Variant, while VOO tracks S&P 500 Index. They also come from different issuers: iShares and Vanguard. Their fees differ too: 0.25% for ETHA and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.83 vs -0.70), 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.
Find the right allocation for ETHA and VOO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer