ETHV vs. VOO

Last updated Jul 16, 2026

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 -37.08% vs 22.76% 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

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Ethereum ETF (ETHV) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHV achieves a -35.38% return, which is significantly lower than VOO's 11.30% return.

ETHV

• 1D: 2.37%
• 1M: 5.61%
• 6M: -43.32%
• YTD: -35.38%
• 1Y: -37.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

VOO

• 1D: 0.39%
• 1M: 0.29%
• 6M: 9.93%
• YTD: 11.30%
• 1Y: 22.76%
• 3Y*: 20.46%
• 5Y*: 13.43%
• 10Y*: 15.25%

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

ETHV vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHV VanEck Ethereum ETF	-35.38%	-11.02%	-5.50%
VOO Vanguard S&P 500 ETF	11.30%	17.82%	6.36%

Correlation

The correlation between ETHV and VOO is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.51

The correlation between ETHV and VOO has been stable across timeframes, ranging from 0.50 to 0.51 - a consistent structural relationship.

Return for Risk

ETHV vs. VOO — Risk / Return Rank

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

ETHV

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

VOO

VOO Risk / Return Rank: 70
VOO Sharpe Ratio Rank: 71
VOO Sortino Ratio Rank: 69
VOO Omega Ratio Rank: 70
VOO Calmar Ratio Rank: 64
VOO Martin Ratio Rank: 76

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. 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.

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.

	ETHV	VOO	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	1.83	-2.37
Sortino ratio: Return per unit of downside risk	-0.48	2.51	-2.99
Omega ratio: Gain probability vs. loss probability	0.95	1.33	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.55	2.57	-3.12
Martin ratio: Return relative to average drawdown	-0.86	11.20	-12.06

ETHV vs. VOO - Sharpe Ratio Comparison

The current ETHV Sharpe Ratio is -0.54, which is lower than the VOO Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of ETHV and VOO, 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

ETHV vs. VOO - Drawdown Comparison

The maximum ETHV drawdown since its inception was -67.88%, 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.

Drawdown Indicators

	ETHV	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-67.88%	-33.99%	-33.89%
Max Drawdown (1Y) Largest decline over 1 year	-67.88%	-8.90%	-58.98%
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 Drawdown Current decline from peak	-60.39%	-0.35%	-60.04%
Average Drawdown Average peak-to-trough decline	-34.65%	-3.67%	-30.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.38%	2.04%	+41.34%

Volatility

ETHV vs. VOO - Volatility Comparison

VanEck Ethereum ETF (ETHV) has a higher volatility of 16.55% compared to Vanguard S&P 500 ETF (VOO) at 3.84%. 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.

Volatility by Period

	ETHV	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.55%	3.84%	+12.71%
Volatility (6M) Calculated over the trailing 6-month period	47.38%	9.96%	+37.42%
Volatility (1Y) Calculated over the trailing 1-year period	68.34%	12.51%	+55.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.87%	16.93%	+54.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	71.87%	17.99%	+53.88%

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 1.06%.

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	1.06%	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

Can I hold both ETHV and VOO in my portfolio?

ETHV and VOO have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHV or VOO?

ETHV has higher volatility (16.55%) compared to VOO (3.84%). In terms of maximum drawdown, ETHV dropped -67.88% vs VOO's -33.99%.

Which ETF is better, ETHV or VOO?

On 1-year performance, VOO leads with 22.76% vs -37.08% for ETHV. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHV or VOO?

Over the 1-year period, VOO has performed better with a 22.76% return vs -37.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHV or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.20% for ETHV.

Which ETF pays a higher dividend yield, ETHV or VOO?

VOO has the higher dividend yield at 1.06%, compared with 0.00% for ETHV.

What is the main difference between ETHV and VOO?

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.

Which has better risk-adjusted returns?

VOO currently has the higher Sharpe Ratio (1.83 vs -0.54), 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.