EZET vs. ETH-USD

Last updated Apr 3, 2026

Compare and contrast key facts about Franklin Ethereum ETF (EZET) and Ethereum (ETH-USD).

EZET is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Ether-Dollar Reference Rate - New York Variant. It was launched on Jul 23, 2024.

Performance

EZET vs. ETH-USD - Performance Comparison

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

EZET vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EZET Franklin Ethereum ETF	-30.51%	-11.23%	-3.68%
ETH-USD Ethereum	-30.81%	-10.91%	-4.38%

Returns By Period

The year-to-date returns for both stocks are quite close, with EZET having a -30.51% return and ETH-USD slightly lower at -30.81%.

EZET

• 1D: -3.63%
• 1M: 4.40%
• YTD: -30.51%
• 6M: -54.19%
• 1Y: 7.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: -4.09%
• 1M: 3.52%
• YTD: -30.81%
• 6M: -54.26%
• 1Y: 14.38%
• 3Y*: 4.27%
• 5Y*: 0.43%
• 10Y*: 68.46%

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

Return for Risk

EZET vs. ETH-USD — Risk / Return Rank

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

EZET

EZET Risk / Return Rank: 16
EZET Sharpe Ratio Rank: 14
EZET Sortino Ratio Rank: 23
EZET Omega Ratio Rank: 20
EZET Calmar Ratio Rank: 12
EZET Martin Ratio Rank: 12

ETH-USD

ETH-USD Risk / Return Rank: 74
ETH-USD Sharpe Ratio Rank: 86
ETH-USD Sortino Ratio Rank: 85
ETH-USD Omega Ratio Rank: 84
ETH-USD Calmar Ratio Rank: 68
ETH-USD Martin Ratio Rank: 49

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.

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 ratio Return per unit of total volatility	0.10	0.19	-0.09
Sortino ratio Return per unit of downside risk	0.72	0.85	-0.13
Omega ratio Gain probability vs. loss probability	1.08	1.09	-0.01
Calmar ratio Return relative to maximum drawdown	0.13	-0.92	+1.05
Martin ratio Return relative to average drawdown	0.25	-1.58	+1.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EZET vs. ETH-USD - Sharpe Ratio Comparison

The current EZET Sharpe Ratio is 0.10, which is lower than the ETH-USD Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of EZET and ETH-USD, 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

	EZET	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	0.19	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.36	0.79	-1.15

Correlation

The correlation between EZET and ETH-USD is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

EZET vs. ETH-USD - Drawdown Comparison

The maximum EZET drawdown since its inception was -64.05%, 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.

Drawdown Indicators

	EZET	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-64.05%	-94.01%	+29.96%
Max Drawdown (1Y) Largest decline over 1 year	-61.68%	-62.26%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-57.40%	-57.51%	+0.11%
Average Drawdown Average peak-to-trough decline	-30.55%	-50.82%	+20.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.82%	36.50%	-5.68%

Volatility

EZET vs. ETH-USD - Volatility Comparison

Franklin Ethereum ETF (EZET) and Ethereum (ETH-USD) have volatilities of 17.39% and 18.12%, 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.

Volatility by Period

	EZET	ETH-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.39%	18.12%	-0.73%
Volatility (6M) Calculated over the trailing 6-month period	53.47%	51.50%	+1.97%
Volatility (1Y) Calculated over the trailing 1-year period	75.78%	62.47%	+13.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.84%	63.54%	+11.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.84%	78.86%	-4.02%