ETHE.SW vs. GBTC
Compare and contrast key facts about CoinShares Physical Ethereum (ETH) (ETHE.SW) and Grayscale Bitcoin Trust (BTC) (GBTC).
ETHE.SW is an actively managed fund by CoinShares. It was launched on Feb 23, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETHE.SW or GBTC.
Performance
ETHE.SW vs. GBTC - Performance Comparison
Returns By Period
In the year-to-date period, ETHE.SW achieves a 37.06% return, which is significantly lower than GBTC's 110.31% return.
ETHE.SW
37.06%
17.76%
-2.58%
52.22%
N/A
N/A
GBTC
110.31%
35.13%
21.90%
151.20%
48.07%
N/A
Key characteristics
| ETHE.SW | GBTC | |
|---|---|---|
| Sharpe Ratio | 0.80 | 2.47 |
| Sortino Ratio | 1.44 | 2.90 |
| Omega Ratio | 1.19 | 1.35 |
| Calmar Ratio | 1.06 | 2.96 |
| Martin Ratio | 2.20 | 9.36 |
| Ulcer Index | 23.63% | 15.45% |
| Daily Std Dev | 65.09% | 58.61% |
| Max Drawdown | -70.97% | -89.91% |
| Current Drawdown | -24.65% | 0.00% |
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Correlation
The correlation between ETHE.SW and GBTC is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
ETHE.SW vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Ethereum (ETH) (ETHE.SW) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.
Dividends
ETHE.SW vs. GBTC - Dividend Comparison
Neither ETHE.SW nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
ETHE.SW CoinShares Physical Ethereum (ETH) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
ETHE.SW vs. GBTC - Drawdown Comparison
The maximum ETHE.SW drawdown since its inception was -70.97%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for ETHE.SW and GBTC. For additional features, visit the drawdowns tool.
Volatility
ETHE.SW vs. GBTC - Volatility Comparison
CoinShares Physical Ethereum (ETH) (ETHE.SW) has a higher volatility of 20.26% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 18.35%. This indicates that ETHE.SW's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.