ETHV vs. ETHE
Compare and contrast key facts about VanEck Ethereum ETF (ETHV) and Grayscale Ethereum Trust ETF (ETHE).
ETHV and ETHE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHV is a passively managed fund by VanEck that tracks the performance of the MarketVector Ethereum Benchmark Rate. It was launched on Jun 25, 2024. ETHE is a passively managed fund by Grayscale that tracks the performance of the CoinDesk Ether Price Index . It was launched on Dec 14, 2017. Both ETHV and ETHE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETHV vs. ETHE - Performance Comparison
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ETHV vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHV VanEck Ethereum ETF | -27.92% | -11.02% | -3.67% |
ETHE Grayscale Ethereum Trust ETF | -28.06% | -13.03% | -4.53% |
Returns By Period
The year-to-date returns for both stocks are quite close, with ETHV having a -27.92% return and ETHE slightly lower at -28.06%.
ETHV
- 1D
- 2.15%
- 1M
- 5.07%
- YTD
- -27.92%
- 6M
- -50.71%
- 1Y
- 11.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE
- 1D
- 2.11%
- 1M
- 5.07%
- YTD
- -28.06%
- 6M
- -50.86%
- 1Y
- 10.20%
- 3Y*
- 26.95%
- 5Y*
- -1.42%
- 10Y*
- —
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ETHV vs. ETHE - Expense Ratio Comparison
ETHV has a 0.20% expense ratio, which is lower than ETHE's 2.50% expense ratio.
Return for Risk
ETHV vs. ETHE — Risk / Return Rank
ETHV
ETHE
ETHV vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETF (ETHV) and Grayscale Ethereum Trust ETF (ETHE). 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.
| ETHV | ETHE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.16 | 0.14 | +0.02 |
Sortino ratioReturn per unit of downside risk | 0.80 | 0.76 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.09 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.28 | 0.25 | +0.03 |
Martin ratioReturn relative to average drawdown | 0.56 | 0.49 | +0.06 |
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
| ETHV | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.16 | 0.14 | +0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.33 | 0.08 | -0.41 |
Correlation
The correlation between ETHV and ETHE is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ETHV vs. ETHE - Dividend Comparison
ETHV has not paid dividends to shareholders, while ETHE's dividend yield for the trailing twelve months is around 0.74%.
| TTM | |
|---|---|
ETHV VanEck Ethereum ETF | 0.00% |
ETHE Grayscale Ethereum Trust ETF | 0.74% |
Drawdowns
ETHV vs. ETHE - Drawdown Comparison
The maximum ETHV drawdown since its inception was -64.02%, smaller than the maximum ETHE drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for ETHV and ETHE.
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Drawdown Indicators
| ETHV | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.02% | -96.26% | +32.24% |
Max Drawdown (1Y)Largest decline over 1 year | -61.66% | -61.89% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.85% | — |
Current DrawdownCurrent decline from peak | -55.81% | -72.79% | +16.98% |
Average DrawdownAverage peak-to-trough decline | -30.45% | -72.24% | +41.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.61% | 30.81% | -0.20% |
Volatility
ETHV vs. ETHE - Volatility Comparison
VanEck Ethereum ETF (ETHV) and Grayscale Ethereum Trust ETF (ETHE) have volatilities of 19.09% and 19.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHV | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.09% | 19.07% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 53.57% | 53.57% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.78% | 75.68% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.81% | 85.12% | -10.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.81% | 194.12% | -119.31% |