EZET vs. ETHA

Last updated Apr 2, 2026

Compare and contrast key facts about Franklin Ethereum ETF (EZET) and iShares Ethereum Trust ETF (ETHA).

EZET and ETHA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ETHA is a passively managed fund by iShares that tracks the performance of the CME CF Ether-Dollar Reference Rate-New York Variant. It was launched on Jun 24, 2024. Both EZET and ETHA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

EZET vs. ETHA - Performance Comparison

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

EZET vs. ETHA - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EZET Franklin Ethereum ETF	-27.89%	-11.23%	-3.68%
ETHA iShares Ethereum Trust ETF	-27.95%	-11.31%	-3.62%

Returns By Period

The year-to-date returns for both stocks are quite close, with EZET having a -27.89% return and ETHA slightly lower at -27.95%.

EZET

• 1D: 2.14%
• 1M: 5.11%
• YTD: -27.89%
• 6M: -50.71%
• 1Y: 11.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHA

• 1D: 2.08%
• 1M: 5.14%
• YTD: -27.95%
• 6M: -50.73%
• 1Y: 11.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EZET vs. ETHA - Expense Ratio Comparison

EZET has a 0.19% expense ratio, which is lower than ETHA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

ETHA

iShares Ethereum Trust ETF

EZET

Franklin Ethereum ETF

Return for Risk

EZET vs. ETHA — Risk / Return Rank

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

EZET

EZET Risk / Return Rank: 19
EZET Sharpe Ratio Rank: 15
EZET Sortino Ratio Rank: 25
EZET Omega Ratio Rank: 22
EZET Calmar Ratio Rank: 17
EZET Martin Ratio Rank: 15

ETHA

ETHA Risk / Return Rank: 19
ETHA Sharpe Ratio Rank: 15
ETHA Sortino Ratio Rank: 26
ETHA Omega Ratio Rank: 22
ETHA Calmar Ratio Rank: 17
ETHA Martin Ratio Rank: 16

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. ETHA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ethereum ETF (EZET) and iShares Ethereum Trust ETF (ETHA). 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	ETHA	Difference
Sharpe ratio Return per unit of total volatility	0.16	0.15	0.00
Sortino ratio Return per unit of downside risk	0.79	0.79	0.00
Omega ratio Gain probability vs. loss probability	1.09	1.09	0.00
Calmar ratio Return relative to maximum drawdown	0.28	0.27	0.00
Martin ratio Return relative to average drawdown	0.56	0.55	+0.01
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. ETHA - Sharpe Ratio Comparison

The current EZET Sharpe Ratio is 0.16, which is comparable to the ETHA Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of EZET and ETHA, 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	ETHA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	0.15	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	-0.33	-0.33	0.00

Correlation

The correlation between EZET and ETHA is 1.00, 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.

Dividends

EZET vs. ETHA - Dividend Comparison

Neither EZET nor ETHA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

EZET vs. ETHA - Drawdown Comparison

The maximum EZET drawdown since its inception was -64.05%, roughly equal to the maximum ETHA drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for EZET and ETHA.

Drawdown Indicators

	EZET	ETHA	Difference
Max Drawdown Largest peak-to-trough decline	-64.05%	-64.02%	-0.03%
Max Drawdown (1Y) Largest decline over 1 year	-61.68%	-61.66%	-0.02%
Current Drawdown Current decline from peak	-55.80%	-55.83%	+0.03%
Average Drawdown Average peak-to-trough decline	-30.49%	-30.46%	-0.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.61%	30.61%	0.00%

Volatility

EZET vs. ETHA - Volatility Comparison

Franklin Ethereum ETF (EZET) and iShares Ethereum Trust ETF (ETHA) have volatilities of 19.05% and 19.12%, 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	ETHA	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.05%	19.12%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	53.59%	53.75%	-0.16%
Volatility (1Y) Calculated over the trailing 1-year period	75.83%	76.10%	-0.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	74.88%	75.03%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.88%	75.03%	-0.15%