ETHB vs. WGMI

Last updated Jun 4, 2026

ETHB (iShares Staked Ethereum Trust ETF) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. ETHB is passively managed, while WGMI is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. ETHB charges 0.25%/yr vs 0.75%/yr for WGMI.

Performance

ETHB vs. WGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Staked Ethereum Trust ETF (ETHB) and Valkyrie Bitcoin Miners ETF (WGMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ETHB

• 1D: -5.62%
• 1M: -23.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WGMI

• 1D: -1.11%
• 1M: 40.03%
• YTD: 84.78%
• 6M: 55.52%
• 1Y: 294.61%
• 3Y*: 86.17%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHB vs. WGMI - Yearly Performance Comparison

	2026 (YTD)
ETHB iShares Staked Ethereum Trust ETF	-13.09%
WGMI Valkyrie Bitcoin Miners ETF	86.29%

Correlation

The correlation between ETHB and WGMI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 13, 2026	0.53

Return for Risk

ETHB vs. WGMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WGMI

WGMI Risk / Return Rank: 79
WGMI Sharpe Ratio Rank: 95
WGMI Sortino Ratio Rank: 76
WGMI Omega Ratio Rank: 69
WGMI Calmar Ratio Rank: 91
WGMI Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETHB vs. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Staked Ethereum Trust ETF (ETHB) and Valkyrie Bitcoin Miners ETF (WGMI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ETHB	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.98	0.31	-1.29

Drawdowns

ETHB vs. WGMI - Drawdown Comparison

The maximum ETHB drawdown since its inception was -25.90%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for ETHB and WGMI.

Drawdown Indicators

	ETHB	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-25.90%	-85.76%	+59.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-25.90%	-1.11%	-24.79%
Average Drawdown Average peak-to-trough decline	-7.89%	-42.90%	+35.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.08%	—

Volatility

Volatility by Period

	ETHB	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	47.62%	76.03%	-28.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.62%	81.53%	-33.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.62%	81.53%	-33.91%

ETHB vs. WGMI - Expense Ratio Comparison

ETHB has a 0.25% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

ETHB vs. WGMI - Dividend Comparison

Neither ETHB nor WGMI has paid dividends to shareholders.

Position	TTM	2025	2024	2023
ETHB iShares Staked Ethereum Trust ETF	0.00%	0.00%	0.00%	0.00%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both ETHB and WGMI in my portfolio?

ETHB and WGMI have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHB or WGMI?

On fees, ETHB is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHB or WGMI?

ETHB is cheaper with a 0.25% expense ratio, compared with 0.75% for WGMI.

Which ETF pays a higher dividend yield, ETHB or WGMI?

ETHB and WGMI have nearly identical dividend yields, around 0.00%.

What is the main difference between ETHB and WGMI?

They also come from different issuers: iShares and Valkyrie. Their fees differ too: 0.25% for ETHB and 0.75% for WGMI.