ETHB.DE vs. ETH
ETHB.DE (21Shares Ethereum Staking ETP) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, ETHB.DE returned -32.97% vs -31.82% for ETH. A 0.77 correlation means they provide meaningful diversification when combined. ETHB.DE charges 1.49%/yr vs 0.15%/yr for ETH.
Performance
ETHB.DE vs. ETH - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETHB.DE having a -40.35% return and ETH slightly higher at -39.91%.
ETHB.DE
- 1D
- -3.73%
- 1M
- -25.58%
- YTD
- -40.35%
- 6M
- -44.35%
- 1Y
- -32.97%
- 3Y*
- -1.40%
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -1.58%
- 1M
- -25.17%
- YTD
- -39.91%
- 6M
- -43.14%
- 1Y
- -31.82%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHB.DE vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHB.DE 21Shares Ethereum Staking ETP | -40.35% | -12.49% | -1.13% |
ETH Grayscale Ethereum Staking Mini ETF | -39.91% | -10.89% | -3.70% |
Correlation
The correlation between ETHB.DE and ETH is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.77 |
The correlation between ETHB.DE and ETH has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
ETHB.DE vs. ETH — Risk / Return Rank
ETHB.DE
ETH
ETHB.DE vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHB.DE) and Grayscale Ethereum Staking Mini ETF (ETH). 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.
| ETHB.DE | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.96 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.51 | -0.02 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.85 | -0.06 |
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
| ETHB.DE | ETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | -0.47 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.21 | -0.42 | +0.21 |
Drawdowns
ETHB.DE vs. ETH - Drawdown Comparison
The maximum ETHB.DE drawdown since its inception was -70.31%, which is greater than ETH's maximum drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for ETHB.DE and ETH.
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Drawdown Indicators
| ETHB.DE | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.31% | -64.01% | -6.30% |
Max Drawdown (1Y)Largest decline over 1 year | -61.99% | -62.99% | +1.00% |
Max Drawdown (3Y)Largest decline over 3 years | -63.29% | — | — |
Current DrawdownCurrent decline from peak | -61.99% | -62.99% | +1.00% |
Average DrawdownAverage peak-to-trough decline | -37.31% | -32.64% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.41% | 37.71% | -1.30% |
Volatility
ETHB.DE vs. ETH - Volatility Comparison
21Shares Ethereum Staking ETP (ETHB.DE) has a higher volatility of 10.27% compared to Grayscale Ethereum Staking Mini ETF (ETH) at 9.68%. This indicates that ETHB.DE's price experiences larger fluctuations and is considered to be riskier than ETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHB.DE | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.27% | 9.68% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 42.80% | 45.30% | -2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 60.30% | 68.25% | -7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.08% | 72.19% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.08% | 72.19% | -5.11% |
ETHB.DE vs. ETH - Expense Ratio Comparison
ETHB.DE has a 1.49% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
ETHB.DE vs. ETH - Dividend Comparison
Neither ETHB.DE nor ETH has paid dividends to shareholders.
Frequently Asked Questions
ETHB.DE and ETH have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETH is cheaper with a 0.15% expense ratio, compared with 1.49% for ETHB.DE.
They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 1.49% for ETHB.DE and 0.15% for ETH.
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