ETHE.SW vs. QQQ
Compare and contrast key facts about CoinShares Physical Ethereum (ETH) (ETHE.SW) and Invesco QQQ (QQQ).
ETHE.SW and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHE.SW is an actively managed fund by CoinShares. It was launched on Feb 23, 2021. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETHE.SW or QQQ.
Performance
ETHE.SW vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, ETHE.SW achieves a 37.06% return, which is significantly higher than QQQ's 21.78% return.
ETHE.SW
37.06%
17.76%
-2.58%
52.22%
N/A
N/A
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| ETHE.SW | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.80 | 1.70 |
| Sortino Ratio | 1.44 | 2.29 |
| Omega Ratio | 1.19 | 1.31 |
| Calmar Ratio | 1.06 | 2.19 |
| Martin Ratio | 2.20 | 7.96 |
| Ulcer Index | 23.63% | 3.72% |
| Daily Std Dev | 65.09% | 17.39% |
| Max Drawdown | -70.97% | -82.98% |
| Current Drawdown | -24.65% | -3.42% |
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ETHE.SW vs. QQQ - Expense Ratio Comparison
ETHE.SW has a 0.00% expense ratio, which is lower than QQQ's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between ETHE.SW and QQQ is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
ETHE.SW vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Ethereum (ETH) (ETHE.SW) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
ETHE.SW has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHE.SW CoinShares Physical Ethereum (ETH) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
ETHE.SW vs. QQQ - Drawdown Comparison
The maximum ETHE.SW drawdown since its inception was -70.97%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ETHE.SW and QQQ. For additional features, visit the drawdowns tool.
Volatility
ETHE.SW vs. QQQ - Volatility Comparison
CoinShares Physical Ethereum (ETH) (ETHE.SW) has a higher volatility of 20.26% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that ETHE.SW's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.