ETHE vs. BAMU

Last updated Jun 23, 2026

ETHE (Grayscale Ethereum Trust ETF) and BAMU (Brookstone Ultra-Short Bond ETF) are both exchange-traded funds - ETHE is a Cryptocurrency fund tracking the CoinDesk Ether Price Index, while BAMU is a Ultrashort Bond fund actively managed by Brookstone. ETHE is passively managed, while BAMU is actively managed. Over the past year, ETHE returned -29.27% vs 2.91% for BAMU. At a correlation of -0.01, they often move in opposite directions. ETHE charges 2.50%/yr vs 1.09%/yr for BAMU.

Performance

ETHE vs. BAMU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Grayscale Ethereum Trust ETF (ETHE) and Brookstone Ultra-Short Bond ETF (BAMU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHE achieves a -41.95% return, which is significantly lower than BAMU's 1.18% return.

ETHE

• 1D: 1.60%
• 1M: -16.15%
• YTD: -41.95%
• 6M: -42.04%
• 1Y: -29.27%
• 3Y*: 13.02%
• 5Y*: -5.46%
• 10Y*: —

BAMU

• 1D: 0.02%
• 1M: 0.16%
• YTD: 1.18%
• 6M: 1.23%
• 1Y: 2.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHE vs. BAMU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ETHE Grayscale Ethereum Trust ETF	-41.95%	-13.03%	44.14%	88.55%
BAMU Brookstone Ultra-Short Bond ETF	1.18%	3.21%	4.14%	1.20%

Correlation

The correlation between ETHE and BAMU is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.07
Correlation (All Time) Calculated using the full available price history since Sep 27, 2023	-0.01

Return for Risk

ETHE vs. BAMU — Risk / Return Rank

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

ETHE

ETHE Risk / Return Rank: 6
ETHE Sharpe Ratio Rank: 5
ETHE Sortino Ratio Rank: 6
ETHE Omega Ratio Rank: 6
ETHE Calmar Ratio Rank: 5
ETHE Martin Ratio Rank: 5

BAMU

BAMU Risk / Return Rank: 98
BAMU Sharpe Ratio Rank: 98
BAMU Sortino Ratio Rank: 98
BAMU Omega Ratio Rank: 98
BAMU Calmar Ratio Rank: 99
BAMU Martin Ratio Rank: 99

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 vs. BAMU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Trust ETF (ETHE) and Brookstone Ultra-Short Bond ETF (BAMU). 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	BAMU	Difference
Sharpe ratio: Return per unit of total volatility	-0.43	5.01	-5.43
Sortino ratio: Return per unit of downside risk	-0.23	8.84	-9.07
Omega ratio: Gain probability vs. loss probability	0.97	2.43	-1.45
Calmar ratio: Return relative to maximum drawdown	-0.43	24.72	-25.15
Martin ratio: Return relative to average drawdown	-0.72	97.90	-98.62

ETHE vs. BAMU - Sharpe Ratio Comparison

The current ETHE Sharpe Ratio is -0.43, which is lower than the BAMU Sharpe Ratio of 5.01. The chart below compares the historical Sharpe Ratios of ETHE and BAMU, 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 vs. BAMU - Drawdown Comparison

The maximum ETHE drawdown since its inception was -96.26%, which is greater than BAMU's maximum drawdown of -0.36%. Use the drawdown chart below to compare losses from any high point for ETHE and BAMU.

Drawdown Indicators

	ETHE	BAMU	Difference
Max Drawdown Largest peak-to-trough decline	-96.26%	-0.36%	-95.90%
Max Drawdown (1Y) Largest decline over 1 year	-67.77%	-0.12%	-67.65%
Max Drawdown (3Y) Largest decline over 3 years	-67.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-89.85%	—	—
Current Drawdown Current decline from peak	-78.05%	0.00%	-78.05%
Average Drawdown Average peak-to-trough decline	-72.23%	-0.02%	-72.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.44%	0.03%	+40.41%

Volatility

ETHE vs. BAMU - Volatility Comparison

Grayscale Ethereum Trust ETF (ETHE) has a higher volatility of 19.34% compared to Brookstone Ultra-Short Bond ETF (BAMU) at 0.09%. This indicates that ETHE's price experiences larger fluctuations and is considered to be riskier than BAMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHE	BAMU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.34%	0.09%	+19.25%
Volatility (6M) Calculated over the trailing 6-month period	46.70%	0.40%	+46.30%
Volatility (1Y) Calculated over the trailing 1-year period	68.97%	0.58%	+68.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	82.28%	0.87%	+81.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	191.24%	0.87%	+190.37%

ETHE vs. BAMU - Expense Ratio Comparison

ETHE has a 2.50% expense ratio, which is higher than BAMU's 1.09% expense ratio.

Dividends

ETHE vs. BAMU - Dividend Comparison

ETHE's dividend yield for the trailing twelve months is around 1.40%, less than BAMU's 3.05% yield.

Position	TTM	2025	2024	2023
BAMU Brookstone Ultra-Short Bond ETF	3.05%	3.20%	3.97%	0.84%
ETHE Grayscale Ethereum Trust ETF	1.40%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHE and BAMU in my portfolio?

ETHE and BAMU have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHE or BAMU?

ETHE has higher volatility (19.34%) compared to BAMU (0.09%). In terms of maximum drawdown, ETHE dropped -96.26% vs BAMU's -0.36%.

Which ETF is better, ETHE or BAMU?

On 1-year performance, BAMU leads with 2.91% vs -29.27% for ETHE. On fees, BAMU is cheaper at 1.09% per year. On volatility, BAMU has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHE or BAMU?

Over the 1-year period, BAMU has performed better with a 2.91% return vs -29.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHE or BAMU?

BAMU is cheaper with a 1.09% expense ratio, compared with 2.50% for ETHE.

Which ETF pays a higher dividend yield, ETHE or BAMU?

BAMU has the higher dividend yield at 3.05%, compared with 1.40% for ETHE.

What is the main difference between ETHE and BAMU?

ETHE is categorized as Cryptocurrency, while BAMU is Ultrashort Bond. They also come from different issuers: Grayscale and Brookstone. Their fees differ too: 2.50% for ETHE and 1.09% for BAMU.

Which has better risk-adjusted returns?

BAMU currently has the higher Sharpe Ratio (5.01 vs -0.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.