ETHE.SW vs. SCHG

Last updated Aug 1, 2026

ETHE.SW (CoinShares Physical Ethereum (ETH)) and SCHG (Schwab U.S. Large-Cap Growth ETF) are both exchange-traded funds - ETHE.SW is a Cryptocurrency fund actively managed by CoinShares, while SCHG is a Large Cap Growth Equities fund tracking the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. ETHE.SW is actively managed, while SCHG is passively managed. Over the past 5 years, ETHE.SW returned -5.96%/yr vs 10.58%/yr for SCHG. Their 0.21 correlation means their historical movements had little consistent relationship. ETHE.SW charges 0.00%/yr vs 0.04%/yr for SCHG.

Performance

ETHE.SW vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a CHF 10,000 investment in CoinShares Physical Ethereum (ETH) (ETHE.SW) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ETHE.SW is traded in CHF, while SCHG is traded in USD. To make them comparable, the SCHG values have been converted to CHF using the latest available exchange rates.

Returns By Period

In the year-to-date period, ETHE.SW achieves a -34.33% return, which is significantly lower than SCHG's 6.79% return.

ETHE.SW

• 1D: 0.00%
• 1M: 13.30%
• 6M: -25.35%
• YTD: -34.33%
• 1Y: -48.91%
• 3Y*: -0.44%
• 5Y*: -5.96%
• 10Y*: —
• ALL TIME*: 1.77%

SCHG

• 1D: 1.36%
• 1M: 0.57%
• 6M: 11.77%
• YTD: 6.79%
• 1Y: 16.66%
• 3Y*: 18.15%
• 5Y*: 10.58%
• 10Y*: 16.18%
• ALL TIME*: 14.62%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ETHE.SW CoinShares Physical Ethereum (ETH)	CHF 21.90K	CHF 27.72K	CHF 136.63K
SCHG Schwab U.S. Large-Cap Growth ETF	CHF 201.42M	CHF 202.42M	CHF 270.20M

ETHE.SW vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETHE.SW CoinShares Physical Ethereum (ETH)	-34.33%	-20.51%	53.68%	79.37%	-67.97%	138.61%
SCHG Schwab U.S. Large-Cap Growth ETF	6.79%	2.67%	45.59%	36.66%	-30.87%	27.58%

Correlation

The correlation between ETHE.SW and SCHG is 0.32, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.32
Correlation (3Y) Balances recent behavior with more history.	0.27
Correlation (5Y) Shows whether the relationship held over a longer period.	0.25
Correlation (All Time) Calculated using the full available price history since Feb 23, 2021	0.21

The correlation between ETHE.SW and SCHG shifts across timeframes, from 0.21 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

ETHE.SW vs. SCHG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ETHE.SW

ETHE.SW Risk / Return Rank: 3
ETHE.SW Sharpe Ratio Rank: 3
ETHE.SW Sortino Ratio Rank: 3
ETHE.SW Omega Ratio Rank: 3
ETHE.SW Calmar Ratio Rank: 3
ETHE.SW Martin Ratio Rank: 4

SCHG

SCHG Risk / Return Rank: 30
SCHG Sharpe Ratio Rank: 33
SCHG Sortino Ratio Rank: 31
SCHG Omega Ratio Rank: 31
SCHG Calmar Ratio Rank: 26
SCHG Martin Ratio Rank: 30

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ETHE.SW vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Ethereum (ETH) (ETHE.SW) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	ETHE.SW	SCHG	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	0.74	-1.55
Sortino ratio: Return per unit of downside risk	-1.11	1.07	-2.18
Omega ratio: Gain probability vs. loss probability	0.87	1.14	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.75	0.76	-1.51
Martin ratio: Return relative to average drawdown	-1.11	2.08	-3.19

ETHE.SW vs. SCHG - Sharpe Ratio Comparison

The current ETHE.SW Sharpe Ratio is -0.81, which is lower than the SCHG Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of ETHE.SW and SCHG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETHE.SW vs. SCHG - Drawdown Comparison

The maximum ETHE.SW drawdown since its inception was -77.57%, which is greater than SCHG's maximum drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for ETHE.SW and SCHG.

Drawdown Indicators

	ETHE.SW	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-77.57%	-36.55%	-41.02%
Max Drawdown (1Y) Largest decline over 1 year	-66.43%	-16.89%	-49.54%
Max Drawdown (3Y) Largest decline over 3 years	-66.43%	-29.20%	-37.23%
Max Drawdown (5Y) Largest decline over 5 years	-77.57%	-34.45%	-43.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.45%	—
Current Drawdown Current decline from peak	-64.48%	-1.84%	-62.64%
Average Drawdown Average peak-to-trough decline	-47.12%	-6.49%	-40.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.26%	6.17%	+38.09%

Volatility

ETHE.SW vs. SCHG - Volatility Comparison

CoinShares Physical Ethereum (ETH) (ETHE.SW) has a higher volatility of 12.04% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 4.20%. This indicates that ETHE.SW's price experiences larger fluctuations and is considered to be riskier than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHE.SW	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.04%	4.20%	+7.84%
Volatility (6M) Calculated over the trailing 6-month period	41.58%	12.11%	+29.47%
Volatility (1Y) Calculated over the trailing 1-year period	60.88%	17.40%	+43.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.96%	23.32%	+45.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.09%	22.81%	+50.28%

ETHE.SW vs. SCHG - Expense Ratio Comparison

ETHE.SW has a 0.00% expense ratio, which is lower than SCHG's 0.04% 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%.

Dividends

ETHE.SW vs. SCHG - Dividend Comparison

ETHE.SW has not paid dividends to shareholders, while SCHG's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
SCHG Schwab U.S. Large-Cap Growth ETF	0.38%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Frequently Asked Questions

Can I hold both ETHE.SW and SCHG in my portfolio?

ETHE.SW and SCHG have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHE.SW or SCHG?

On fees, ETHE.SW is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHE.SW or SCHG?

ETHE.SW is cheaper with a 0.00% expense ratio, compared with 0.04% for SCHG.

What is the main difference between ETHE.SW and SCHG?

ETHE.SW is categorized as Cryptocurrency, while SCHG is Large Cap Growth Equities. They also come from different issuers: CoinShares and Charles Schwab. Their fees differ too: 0.00% for ETHE.SW and 0.04% for SCHG.