EZET vs. ETH-USD
EZET (Franklin Ethereum ETF) is Cryptocurrency fund tracking the CME CF Ether-Dollar Reference Rate - New York Variant, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, EZET returned -37.93% vs -34.03% for ETH-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
EZET vs. ETH-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EZET having a -47.07% return and ETH-USD slightly higher at -46.29%.
EZET
- 1D
- -11.44%
- 1M
- -33.07%
- YTD
- -47.07%
- 6M
- -48.04%
- 1Y
- -37.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -9.90%
- 1M
- -32.21%
- YTD
- -46.29%
- 6M
- -47.28%
- 1Y
- -34.03%
- 3Y*
- -5.45%
- 5Y*
- -10.08%
- 10Y*
- 59.97%
EZET vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EZET Franklin Ethereum ETF | -47.07% | -11.23% | -3.68% |
ETH-USD Ethereum | -46.29% | -10.91% | -4.38% |
Correlation
The correlation between EZET and ETH-USD is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.68 |
The correlation between EZET and ETH-USD has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
EZET vs. ETH-USD — Risk / Return Rank
EZET
ETH-USD
EZET vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin Ethereum ETF (EZET) and Ethereum (ETH-USD). 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.
| EZET | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.96 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | -0.51 | -0.06 |
| Martin ratioReturn relative to average drawdown | -0.99 | -0.89 | -0.10 |
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
| EZET | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | -0.50 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.48 | 0.74 | -1.22 |
Drawdowns
EZET vs. ETH-USD - Drawdown Comparison
The maximum EZET drawdown since its inception was -67.56%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for EZET and ETH-USD.
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Drawdown Indicators
| EZET | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.56% | -94.01% | +26.45% |
Max Drawdown (1Y)Largest decline over 1 year | -67.56% | -67.02% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -67.56% | -67.02% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -32.81% | -50.88% | +18.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.18% | 44.01% | -5.83% |
Volatility
EZET vs. ETH-USD - Volatility Comparison
Franklin Ethereum ETF (EZET) and Ethereum (ETH-USD) have volatilities of 14.46% and 14.30%, 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
| EZET | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.46% | 14.30% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 46.47% | 46.06% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.28% | 56.49% | +12.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.70% | 59.61% | +13.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.70% | 78.01% | -5.31% |
Frequently Asked Questions
EZET and ETH-USD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EZET has higher volatility (14.46%) compared to ETH-USD (14.30%). In terms of maximum drawdown, EZET dropped -67.56% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.50 vs -0.55), 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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