ETHV vs. HSBC

Last updated Apr 1, 2026

Compare and contrast key facts about VanEck Ethereum ETF (ETHV) and HSBC Holdings plc (HSBC).

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.

Performance

ETHV vs. HSBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Ethereum ETF (ETHV) and HSBC Holdings plc (HSBC). The values are adjusted to include any dividend payments, if applicable.

ETHV vs. HSBC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHV VanEck Ethereum ETF	-29.44%	-11.02%	-3.67%
HSBC HSBC Holdings plc	7.81%	67.91%	17.00%

Returns By Period

In the year-to-date period, ETHV achieves a -29.44% return, which is significantly lower than HSBC's 7.81% return.

ETHV

• 1D: 3.62%
• 1M: 9.00%
• YTD: -29.44%
• 6M: -49.70%
• 1Y: 14.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HSBC

• 1D: 3.96%
• 1M: -8.96%
• YTD: 7.81%
• 6M: 20.32%
• 1Y: 51.19%
• 3Y*: 44.33%
• 5Y*: 30.73%
• 10Y*: 16.85%

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

Return for Risk

ETHV vs. HSBC — Risk / Return Rank

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

ETHV

ETHV Risk / Return Rank: 20
ETHV Sharpe Ratio Rank: 17
ETHV Sortino Ratio Rank: 29
ETHV Omega Ratio Rank: 25
ETHV Calmar Ratio Rank: 16
ETHV Martin Ratio Rank: 15

HSBC

HSBC Risk / Return Rank: 86
HSBC Sharpe Ratio Rank: 89
HSBC Sortino Ratio Rank: 84
HSBC Omega Ratio Rank: 86
HSBC Calmar Ratio Rank: 83
HSBC Martin Ratio Rank: 89

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.

ETHV vs. HSBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETF (ETHV) and HSBC Holdings plc (HSBC). 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	HSBC	Difference
Sharpe ratio Return per unit of total volatility	0.19	1.84	-1.64
Sortino ratio Return per unit of downside risk	0.85	2.31	-1.47
Omega ratio Gain probability vs. loss probability	1.10	1.34	-0.24
Calmar ratio Return relative to maximum drawdown	0.19	2.58	-2.39
Martin ratio Return relative to average drawdown	0.39	9.47	-9.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHV vs. HSBC - Sharpe Ratio Comparison

The current ETHV Sharpe Ratio is 0.19, which is lower than the HSBC Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of ETHV and HSBC, 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

	ETHV	HSBC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	1.84	-1.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.21	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	0.23	-0.58

Correlation

The correlation between ETHV and HSBC is 0.28, 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

ETHV vs. HSBC - Dividend Comparison

ETHV has not paid dividends to shareholders, while HSBC's dividend yield for the trailing twelve months is around 4.55%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETHV VanEck Ethereum ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HSBC HSBC Holdings plc	4.55%	4.19%	8.29%	6.54%	4.33%	3.65%	4.05%	6.52%	6.20%	4.94%	6.35%	6.33%

Drawdowns

ETHV vs. HSBC - Drawdown Comparison

The maximum ETHV drawdown since its inception was -64.02%, smaller than the maximum HSBC drawdown of -74.47%. Use the drawdown chart below to compare losses from any high point for ETHV and HSBC.

Drawdown Indicators

	ETHV	HSBC	Difference
Max Drawdown Largest peak-to-trough decline	-64.02%	-74.47%	+10.45%
Max Drawdown (1Y) Largest decline over 1 year	-61.66%	-19.48%	-42.18%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-62.26%	—
Current Drawdown Current decline from peak	-56.75%	-10.25%	-46.50%
Average Drawdown Average peak-to-trough decline	-30.39%	-24.26%	-6.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.40%	5.31%	+25.09%

Volatility

ETHV vs. HSBC - Volatility Comparison

VanEck Ethereum ETF (ETHV) has a higher volatility of 19.28% compared to HSBC Holdings plc (HSBC) at 11.22%. This indicates that ETHV's price experiences larger fluctuations and is considered to be riskier than HSBC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHV	HSBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.28%	11.22%	+8.06%
Volatility (6M) Calculated over the trailing 6-month period	53.50%	20.39%	+33.11%
Volatility (1Y) Calculated over the trailing 1-year period	75.80%	28.02%	+47.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.88%	25.53%	+49.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.88%	25.47%	+49.41%