EZET vs. EZPZ

Last updated Jun 4, 2026

EZET (Franklin Ethereum ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds from Franklin Templeton - EZET tracks the CME CF Ether-Dollar Reference Rate - New York Variant while EZPZ tracks the CF Institutional Digital Asset Index – US-Settlement Price. Both are passively managed. Over the past year, EZET returned -31.70% vs -39.21% for EZPZ. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.19% expense ratio.

Performance

EZET vs. EZPZ - Performance Comparison

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

Returns By Period

In the year-to-date period, EZET achieves a -39.43% return, which is significantly lower than EZPZ's -28.21% return.

EZET

• 1D: -5.67%
• 1M: -23.67%
• YTD: -39.43%
• 6M: -42.74%
• 1Y: -31.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZPZ

• 1D: -3.03%
• 1M: -18.55%
• YTD: -28.21%
• 6M: -33.71%
• 1Y: -39.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EZET vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
EZET Franklin Ethereum ETF	-39.43%	7.80%
EZPZ Franklin Crypto Index ETF	-28.21%	-10.23%

Correlation

The correlation between EZET and EZPZ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.91

The correlation between EZET and EZPZ has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

Return for Risk

EZET vs. EZPZ — Risk / Return Rank

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

EZET

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

EZPZ

EZPZ Risk / Return Rank: 3
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 3
EZPZ Omega Ratio Rank: 3
EZPZ Calmar Ratio Rank: 3
EZPZ Martin Ratio Rank: 3

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. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Ethereum ETF (EZET) and Franklin Crypto Index ETF (EZPZ). 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	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	-0.84	+0.38
Sortino ratio: Return per unit of downside risk	-0.32	-1.13	+0.82
Omega ratio: Gain probability vs. loss probability	0.97	0.87	+0.09
Calmar ratio: Return relative to maximum drawdown	-0.51	-0.75	+0.25
Martin ratio: Return relative to average drawdown	-0.84	-1.29	+0.45
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. EZPZ - Sharpe Ratio Comparison

The current EZET Sharpe Ratio is -0.47, which is higher than the EZPZ Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of EZET and EZPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EZET	EZPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	-0.84	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.61	+0.20

Drawdowns

EZET vs. EZPZ - Drawdown Comparison

The maximum EZET drawdown since its inception was -64.05%, which is greater than EZPZ's maximum drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for EZET and EZPZ.

Drawdown Indicators

	EZET	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-64.05%	-52.38%	-11.67%
Max Drawdown (1Y) Largest decline over 1 year	-62.87%	-52.38%	-10.49%
Current Drawdown Current decline from peak	-62.87%	-51.59%	-11.28%
Average Drawdown Average peak-to-trough decline	-32.67%	-21.72%	-10.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.73%	30.44%	+7.29%

Volatility

EZET vs. EZPZ - Volatility Comparison

Franklin Ethereum ETF (EZET) and Franklin Crypto Index ETF (EZPZ) have volatilities of 9.88% and 9.74%, 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	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.88%	9.74%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	46.05%	36.71%	+9.34%
Volatility (1Y) Calculated over the trailing 1-year period	68.43%	46.83%	+21.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.37%	47.65%	+24.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.37%	47.65%	+24.72%

EZET vs. EZPZ - Expense Ratio Comparison

Both EZET and EZPZ 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

EZET vs. EZPZ - Dividend Comparison

Neither EZET nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EZET and EZPZ in my portfolio?

With a correlation of 0.92, EZET and EZPZ 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, EZET or EZPZ?

EZET has higher volatility (9.88%) compared to EZPZ (9.74%). In terms of maximum drawdown, EZET dropped -64.05% vs EZPZ's -52.38%.

Which ETF is better, EZET or EZPZ?

On 1-year performance, EZET leads with -31.70% vs -39.21% for EZPZ. Both ETFs have the same 0.19% expense ratio. On volatility, EZPZ has been the lower-risk option at 9.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZET or EZPZ?

Over the 1-year period, EZET has performed better with a -31.70% return vs -39.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZET or EZPZ?

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

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

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

What is the main difference between EZET and EZPZ?

EZET tracks CME CF Ether-Dollar Reference Rate - New York Variant, while EZPZ tracks CF Institutional Digital Asset Index – US-Settlement Price.

Which has better risk-adjusted returns?

EZET currently has the higher Sharpe Ratio (-0.47 vs -0.84), 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.