ETHV vs. VOO
ETHV (VanEck Ethereum ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - ETHV is a Cryptocurrency fund tracking the MarketVector Ethereum Benchmark Rate, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ETHV returned -32.55% vs 28.62% for VOO. A 0.51 correlation means they provide meaningful diversification when combined. ETHV charges 0.20%/yr vs 0.03%/yr for VOO.
Performance
ETHV vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, ETHV achieves a -40.24% return, which is significantly lower than VOO's 11.34% return.
ETHV
- 1D
- -1.33%
- 1M
- -25.17%
- YTD
- -40.24%
- 6M
- -43.60%
- 1Y
- -32.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VOO
- 1D
- 0.39%
- 1M
- 4.62%
- YTD
- 11.34%
- 6M
- 11.27%
- 1Y
- 28.62%
- 3Y*
- 22.68%
- 5Y*
- 13.98%
- 10Y*
- 15.55%
ETHV vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHV VanEck Ethereum ETF | -40.24% | -11.02% | -3.67% |
VOO Vanguard S&P 500 ETF | 11.34% | 17.82% | 6.54% |
Correlation
The correlation between ETHV and VOO is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.51 |
The correlation between ETHV and VOO has been stable across timeframes, ranging from 0.48 to 0.51 - a consistent structural relationship.
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Return for Risk
ETHV vs. VOO — Risk / Return Rank
ETHV
VOO
ETHV vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETF (ETHV) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.92 | ||
| Sortino ratioReturn per unit of downside risk | -3.65 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.44 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 3.23 | -3.75 |
| Martin ratioReturn relative to average drawdown | -0.86 | 15.03 | -15.89 |
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 | VOO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.48 | 2.44 | -2.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.84 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.42 | 0.89 | -1.31 |
Drawdowns
ETHV vs. VOO - Drawdown Comparison
The maximum ETHV drawdown since its inception was -64.02%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ETHV and VOO.
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Drawdown Indicators
| ETHV | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.02% | -33.99% | -30.03% |
Max Drawdown (1Y)Largest decline over 1 year | -63.36% | -8.90% | -54.46% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.52% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -63.36% | -0.32% | -63.04% |
Average DrawdownAverage peak-to-trough decline | -32.71% | -3.69% | -29.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.95% | 1.91% | +36.04% |
Volatility
ETHV vs. VOO - Volatility Comparison
VanEck Ethereum ETF (ETHV) has a higher volatility of 9.71% compared to Vanguard S&P 500 ETF (VOO) at 2.78%. This indicates that ETHV's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHV | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.71% | 2.78% | +6.93% |
Volatility (6M)Calculated over the trailing 6-month period | 45.31% | 8.90% | +36.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.34% | 11.80% | +56.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.23% | 16.81% | +55.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.23% | 18.00% | +54.23% |
ETHV vs. VOO - Expense Ratio Comparison
ETHV has a 0.20% expense ratio, which is higher than VOO's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ETHV vs. VOO - Dividend Comparison
ETHV has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.02%.
| Position | 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% |
VOO Vanguard S&P 500 ETF | 1.02% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
ETHV and VOO have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHV has higher volatility (9.71%) compared to VOO (2.78%). In terms of maximum drawdown, ETHV dropped -64.02% vs VOO's -33.99%.
On 1-year performance, VOO leads with 28.62% vs -32.55% for ETHV. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, VOO has performed better with a 28.62% return vs -32.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.20% for ETHV.
VOO has the higher dividend yield at 1.02%, compared with 0.00% for ETHV.
ETHV is categorized as Cryptocurrency, while VOO is S&P 500. ETHV tracks MarketVector Ethereum Benchmark Rate, while VOO tracks S&P 500 Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 0.20% for ETHV and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (2.44 vs -0.48), 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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