EZBC vs. EZET

Last updated Aug 2, 2026

EZBC (Franklin Bitcoin ETF) and EZET (Franklin Ethereum ETF) are both Cryptocurrency funds from Franklin Templeton - EZBC tracks the CME CF Bitcoin Reference Rate - New York Variant while EZET tracks the CME CF Ether-Dollar Reference Rate - New York Variant. Both are passively managed. Over the past year, EZBC returned -44.53% vs -46.86% for EZET. Their correlation of 0.82 means they have usually moved in the same direction. Both charge a 0.19% expense ratio.

Performance

EZBC vs. EZET - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Bitcoin ETF (EZBC) and Franklin Ethereum ETF (EZET). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EZBC achieves a -28.20% return, which is significantly higher than EZET's -37.21% return.

EZBC

• 1D: -2.86%
• 1M: 2.28%
• 6M: -25.05%
• YTD: -28.20%
• 1Y: -44.53%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 9.49%

EZET

• 1D: -2.98%
• 1M: 9.70%
• 6M: -30.34%
• YTD: -37.21%
• 1Y: -46.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EZBC Franklin Bitcoin ETF	$3.11M	$3.63M	$7.00M
EZET Franklin Ethereum ETF	$372.59K	$480.59K	$696.37K

EZBC vs. EZET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EZBC Franklin Bitcoin ETF	-28.20%	-6.56%	36.64%
EZET Franklin Ethereum ETF	-37.21%	-11.23%	-4.77%

Correlation

The correlation between EZBC and EZET is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.82

The correlation between EZBC and EZET has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Return for Risk

EZBC vs. EZET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EZBC

EZBC Risk / Return Rank: 1
EZBC Sharpe Ratio Rank: 1
EZBC Sortino Ratio Rank: 1
EZBC Omega Ratio Rank: 2
EZBC Calmar Ratio Rank: 2
EZBC Martin Ratio Rank: 2

EZET

EZET Risk / Return Rank: 3
EZET Sharpe Ratio Rank: 3
EZET Sortino Ratio Rank: 3
EZET Omega Ratio Rank: 4
EZET Calmar Ratio Rank: 3
EZET Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EZBC vs. EZET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Bitcoin ETF (EZBC) and Franklin Ethereum ETF (EZET). 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.

	EZBC	EZET	Difference
Sharpe ratio: Return per unit of total volatility	-1.05	-0.75	-0.30
Sortino ratio: Return per unit of downside risk	-1.58	-0.98	-0.60
Omega ratio: Gain probability vs. loss probability	0.83	0.89	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.87	-0.74	-0.13
Martin ratio: Return relative to average drawdown	-1.34	-1.11	-0.23

EZBC vs. EZET - Sharpe Ratio Comparison

The current EZBC Sharpe Ratio is -1.05, which is lower than the EZET Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of EZBC and EZET, 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

EZBC vs. EZET - Drawdown Comparison

The maximum EZBC drawdown since its inception was -53.35%, smaller than the maximum EZET drawdown of -67.89%. Use the drawdown chart below to compare losses from any high point for EZBC and EZET.

Drawdown Indicators

	EZBC	EZET	Difference
Max Drawdown Largest peak-to-trough decline	-53.35%	-67.89%	+14.54%
Max Drawdown (1Y) Largest decline over 1 year	-53.35%	-67.89%	+14.54%
Current Drawdown Current decline from peak	-50.02%	-61.51%	+11.49%
Average Drawdown Average peak-to-trough decline	-18.28%	-35.20%	+16.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.65%	45.36%	-10.71%

Volatility

EZBC vs. EZET - Volatility Comparison

The current volatility for Franklin Bitcoin ETF (EZBC) is 9.03%, while Franklin Ethereum ETF (EZET) has a volatility of 13.02%. This indicates that EZBC experiences smaller price fluctuations and is considered to be less risky than EZET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EZBC	EZET	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.03%	13.02%	-3.99%
Volatility (6M) Calculated over the trailing 6-month period	33.75%	45.86%	-12.11%
Volatility (1Y) Calculated over the trailing 1-year period	44.37%	67.21%	-22.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.52%	71.33%	-21.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	49.52%	71.33%	-21.81%

EZBC vs. EZET - Expense Ratio Comparison

Both EZBC and EZET have an expense ratio of 0.19%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

EZBC vs. EZET - Dividend Comparison

Neither EZBC nor EZET has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EZBC and EZET in my portfolio?

With a correlation of 0.91, EZBC and EZET move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EZBC or EZET?

EZET has higher volatility (13.02%) compared to EZBC (9.03%). In terms of maximum drawdown, EZBC dropped -53.35% vs EZET's -67.89%.

Which ETF is better, EZBC or EZET?

On 1-year performance, EZBC leads with -44.53% vs -46.86% for EZET. Both ETFs have the same 0.19% expense ratio. On volatility, EZBC has been the lower-risk option at 9.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZBC or EZET?

Over the 1-year period, EZBC has performed better with a -44.53% return vs -46.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZBC or EZET?

EZBC and EZET have the same expense ratio: 0.19% per year.

Which ETF pays a higher dividend yield, EZBC or EZET?

EZBC and EZET have nearly identical dividend yields, around 0.00%.

What is the main difference between EZBC and EZET?

EZBC tracks CME CF Bitcoin Reference Rate - New York Variant, while EZET tracks CME CF Ether-Dollar Reference Rate - New York Variant.

Which has better risk-adjusted returns?

EZET currently has the higher Sharpe Ratio (-0.75 vs -1.05), 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.