EZPZ vs. EZBC

Last updated Aug 6, 2026

EZPZ (Franklin Crypto Index ETF) and EZBC (Franklin Bitcoin ETF) are both Cryptocurrency funds from Franklin Templeton - EZPZ tracks the CF Institutional Digital Asset Index – US-Settlement Price while EZBC tracks the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, EZPZ returned -45.45% vs -43.07% for EZBC. Their 0.99 correlation means they have historically moved very closely together. Both charge a 0.19% expense ratio.

Performance

EZPZ vs. EZBC - Performance Comparison

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

Returns By Period

In the year-to-date period, EZPZ achieves a -28.79% return, which is significantly lower than EZBC's -25.97% return.

EZPZ

• 1D: 0.93%
• 1M: 1.27%
• 6M: -13.59%
• YTD: -28.79%
• 1Y: -45.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.43%

EZBC

• 1D: 0.94%
• 1M: 1.74%
• 6M: -11.68%
• YTD: -25.97%
• 1Y: -43.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 10.75%

*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	$4.02M	$3.97M	$6.71M
EZPZ Franklin Crypto Index ETF	$92.79K	$145.26K	$218.28K

EZPZ vs. EZBC - Yearly Performance Comparison

	2026 (YTD)	2025
EZPZ Franklin Crypto Index ETF	-28.79%	-10.11%
EZBC Franklin Bitcoin ETF	-25.97%	-9.22%

Correlation

The correlation between EZPZ and EZBC is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.99
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025	0.99

The correlation between EZPZ and EZBC has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

Return for Risk

EZPZ vs. EZBC — Risk / Return Rank

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

EZPZ

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

EZBC

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

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.

EZPZ vs. EZBC - Risk-Adjusted Trends Comparison

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

	EZPZ	EZBC	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	-0.98	+0.02
Sortino ratio: Return per unit of downside risk	-1.40	-1.42	+0.02
Omega ratio: Gain probability vs. loss probability	0.85	0.84	0.00
Calmar ratio: Return relative to maximum drawdown	-0.80	-0.81	0.00
Martin ratio: Return relative to average drawdown	-1.21	-1.23	+0.02

EZPZ vs. EZBC - Sharpe Ratio Comparison

The current EZPZ Sharpe Ratio is -0.96, which is comparable to the EZBC Sharpe Ratio of -0.98. The chart below compares the historical Sharpe Ratios of EZPZ and EZBC, 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

EZPZ vs. EZBC - Drawdown Comparison

The maximum EZPZ drawdown since its inception was -56.63%, which is greater than EZBC's maximum drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for EZPZ and EZBC.

Drawdown Indicators

	EZPZ	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-56.63%	-53.35%	-3.28%
Max Drawdown (1Y) Largest decline over 1 year	-56.63%	-53.35%	-3.28%
Current Drawdown Current decline from peak	-51.98%	-48.47%	-3.51%
Average Drawdown Average peak-to-trough decline	-25.36%	-18.42%	-6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.54%	35.05%	+2.49%

Volatility

EZPZ vs. EZBC - Volatility Comparison

Franklin Crypto Index ETF (EZPZ) and Franklin Bitcoin ETF (EZBC) have volatilities of 8.25% and 8.14%, 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

	EZPZ	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.25%	8.14%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	35.13%	33.03%	+2.10%
Volatility (1Y) Calculated over the trailing 1-year period	47.70%	44.29%	+3.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.78%	49.42%	-2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.78%	49.42%	-2.64%

EZPZ vs. EZBC - Expense Ratio Comparison

Both EZPZ and EZBC 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

EZPZ vs. EZBC - Dividend Comparison

Neither EZPZ nor EZBC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both EZPZ and EZBC in my portfolio?

With a correlation of 0.99, EZPZ and EZBC 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, EZPZ or EZBC?

EZPZ has higher volatility (8.25%) compared to EZBC (8.14%). In terms of maximum drawdown, EZPZ dropped -56.63% vs EZBC's -53.35%.

Which ETF is better, EZPZ or EZBC?

On 1-year performance, EZBC leads with -43.07% vs -45.45% for EZPZ. Both ETFs have the same 0.19% expense ratio. On volatility, EZBC has been the lower-risk option at 8.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EZPZ or EZBC?

Over the 1-year period, EZBC has performed better with a -43.07% return vs -45.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EZPZ or EZBC?

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

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

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

What is the main difference between EZPZ and EZBC?

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

Which has better risk-adjusted returns?

EZPZ currently has the higher Sharpe Ratio (-0.96 vs -0.98), 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.