ETHE.SW vs. SCHG

Last updated Apr 2, 2026

Compare and contrast key facts about CoinShares Physical Ethereum (ETH) (ETHE.SW) and Schwab U.S. Large-Cap Growth ETF (SCHG).

ETHE.SW and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It was launched on Dec 11, 2009.

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.

ETHE.SW vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETHE.SW CoinShares Physical Ethereum (ETH)	-28.93%	-20.51%	53.68%	63.54%	-65.25%	129.07%
SCHG Schwab U.S. Large-Cap Growth ETF	-9.44%	2.67%	45.59%	36.66%	-30.87%	25.59%

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 -28.93% return, which is significantly lower than SCHG's -9.44% return.

ETHE.SW

• 1D: 2.70%
• 1M: 3.99%
• YTD: -28.93%
• 6M: -48.47%
• 1Y: 3.32%
• 3Y*: 1.62%
• 5Y*: -0.23%
• 10Y*: —

SCHG

• 1D: 0.55%
• 1M: -2.38%
• YTD: -9.44%
• 6M: -8.30%
• 1Y: 5.37%
• 3Y*: 16.74%
• 5Y*: 9.03%
• 10Y*: 14.80%

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

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%.

SCHG

Schwab U.S. Large-Cap Growth ETF

ETHE.SW

CoinShares Physical Ethereum (ETH)

Return for Risk

ETHE.SW vs. SCHG — Risk / Return Rank

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

ETHE.SW

ETHE.SW Risk / Return Rank: 16
ETHE.SW Sharpe Ratio Rank: 12
ETHE.SW Sortino Ratio Rank: 24
ETHE.SW Omega Ratio Rank: 21
ETHE.SW Calmar Ratio Rank: 10
ETHE.SW Martin Ratio Rank: 11

SCHG

SCHG Risk / Return Rank: 41
SCHG Sharpe Ratio Rank: 39
SCHG Sortino Ratio Rank: 43
SCHG Omega Ratio Rank: 42
SCHG Calmar Ratio Rank: 40
SCHG Martin Ratio Rank: 39

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.

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.

	ETHE.SW	SCHG	Difference
Sharpe ratio Return per unit of total volatility	0.04	0.20	-0.16
Sortino ratio Return per unit of downside risk	0.71	0.47	+0.24
Omega ratio Gain probability vs. loss probability	1.09	1.07	+0.02
Calmar ratio Return relative to maximum drawdown	-0.09	0.36	-0.45
Martin ratio Return relative to average drawdown	-0.18	0.95	-1.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHE.SW vs. SCHG - Sharpe Ratio Comparison

The current ETHE.SW Sharpe Ratio is 0.04, which is lower than the SCHG Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of ETHE.SW and SCHG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ETHE.SW	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.04	0.20	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.39	-0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.63	-0.59

Correlation

The correlation between ETHE.SW and SCHG is 0.15, 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.

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 0.43%.

	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	0.43%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

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%	-34.59%	-42.98%
Max Drawdown (1Y) Largest decline over 1 year	-61.87%	-16.41%	-45.46%
Max Drawdown (5Y) Largest decline over 5 years	-77.57%	-34.59%	-42.98%
Max Drawdown (10Y) Largest decline over 10 years	—	-34.59%	—
Current Drawdown Current decline from peak	-61.56%	-12.51%	-49.05%
Average Drawdown Average peak-to-trough decline	-42.56%	-5.22%	-37.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.59%	4.84%	+24.75%

Volatility

ETHE.SW vs. SCHG - Volatility Comparison

CoinShares Physical Ethereum (ETH) (ETHE.SW) has a higher volatility of 45.12% compared to Schwab U.S. Large-Cap Growth ETF (SCHG) at 6.33%. 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	45.12%	6.33%	+38.79%
Volatility (6M) Calculated over the trailing 6-month period	64.65%	13.88%	+50.77%
Volatility (1Y) Calculated over the trailing 1-year period	84.89%	27.02%	+57.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.16%	23.29%	+64.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.15%	22.81%	+65.34%