ETHE vs. RBIL
ETHE (Grayscale Ethereum Trust ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - ETHE is a Cryptocurrency fund tracking the CoinDesk Ether Price Index , while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. Both are passively managed. Over the past year, ETHE returned -33.45% vs 4.60% for RBIL. At a correlation of -0.10, they often move in opposite directions. ETHE charges 2.50%/yr vs 0.17%/yr for RBIL.
Performance
ETHE vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, ETHE achieves a -40.50% return, which is significantly lower than RBIL's 2.67% return.
ETHE
- 1D
- -1.44%
- 1M
- -25.23%
- YTD
- -40.50%
- 6M
- -43.78%
- 1Y
- -33.45%
- 3Y*
- 21.42%
- 5Y*
- -11.85%
- 10Y*
- —
RBIL
- 1D
- -0.03%
- 1M
- 0.34%
- YTD
- 2.67%
- 6M
- 2.74%
- 1Y
- 4.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHE Grayscale Ethereum Trust ETF | -40.50% | 17.22% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.67% | 2.91% |
Correlation
The correlation between ETHE and RBIL is -0.09, 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 | -0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 26, 2025 | -0.10 |
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Return for Risk
ETHE vs. RBIL — Risk / Return Rank
ETHE
RBIL
ETHE vs. RBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Trust ETF (ETHE) and F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.55 | ||
| Sortino ratioReturn per unit of downside risk | -8.38 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 2.41 | -1.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.53 | 17.11 | -17.64 |
| Martin ratioReturn relative to average drawdown | -0.88 | 71.11 | -71.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETHE | RBIL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | 5.06 | -5.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | 4.24 | -4.18 |
Drawdowns
ETHE vs. RBIL - Drawdown Comparison
The maximum ETHE drawdown since its inception was -96.26%, which is greater than RBIL's maximum drawdown of -0.50%. Use the drawdown chart below to compare losses from any high point for ETHE and RBIL.
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Drawdown Indicators
| ETHE | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.26% | -0.50% | -95.76% |
Max Drawdown (1Y)Largest decline over 1 year | -63.69% | -0.27% | -63.42% |
Max Drawdown (3Y)Largest decline over 3 years | -66.12% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -89.85% | — | — |
Current DrawdownCurrent decline from peak | -77.50% | -0.03% | -77.47% |
Average DrawdownAverage peak-to-trough decline | -72.23% | -0.06% | -72.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.19% | 0.06% | +38.13% |
Volatility
ETHE vs. RBIL - Volatility Comparison
Grayscale Ethereum Trust ETF (ETHE) has a higher volatility of 9.65% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.30%. This indicates that ETHE's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHE | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.65% | 0.30% | +9.35% |
Volatility (6M)Calculated over the trailing 6-month period | 45.28% | 0.79% | +44.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.22% | 0.92% | +67.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 82.25% | 1.05% | +81.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 191.78% | 1.05% | +190.73% |
ETHE vs. RBIL - Expense Ratio Comparison
ETHE has a 2.50% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
ETHE vs. RBIL - Dividend Comparison
ETHE's dividend yield for the trailing twelve months is around 1.37%, less than RBIL's 4.60% yield.
| Position | TTM | 2025 |
|---|---|---|
ETHE Grayscale Ethereum Trust ETF | 1.37% | 0.00% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.60% | 3.65% |
Frequently Asked Questions
ETHE and RBIL have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHE has higher volatility (9.65%) compared to RBIL (0.30%). In terms of maximum drawdown, ETHE dropped -96.26% vs RBIL's -0.50%.
On 1-year performance, RBIL leads with 4.60% vs -33.45% for ETHE. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RBIL has performed better with a 4.60% return vs -33.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 2.50% for ETHE.
RBIL has the higher dividend yield at 4.60%, compared with 1.37% for ETHE.
ETHE is categorized as Cryptocurrency, while RBIL is Inflation-Protected Bonds. ETHE tracks CoinDesk Ether Price Index , while RBIL tracks Bloomberg US Ultrashort TIPS 1-13 Months Index. They also come from different issuers: Grayscale and F/m. Their fees differ too: 2.50% for ETHE and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (5.06 vs -0.49), 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.
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