GLXY vs. ETHE
Compare and contrast key facts about Galaxy Digital Holdings Ltd (GLXY) and Grayscale Ethereum Trust ETF (ETHE).
ETHE is a passively managed fund by Grayscale that tracks the performance of the CoinDesk Ether Price Index . It was launched on Dec 14, 2017.
Performance
GLXY vs. ETHE - Performance Comparison
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GLXY vs. ETHE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GLXY Galaxy Digital Holdings Ltd | -17.49% | -1.93% |
ETHE Grayscale Ethereum Trust ETF | -29.54% | 13.03% |
Returns By Period
In the year-to-date period, GLXY achieves a -17.49% return, which is significantly higher than ETHE's -29.54% return.
GLXY
- 1D
- 7.58%
- 1M
- -10.39%
- YTD
- -17.49%
- 6M
- -45.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE
- 1D
- 3.83%
- 1M
- 8.93%
- YTD
- -29.54%
- 6M
- -49.90%
- 1Y
- 12.82%
- 3Y*
- 26.07%
- 5Y*
- -1.84%
- 10Y*
- —
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Return for Risk
GLXY vs. ETHE — Risk / Return Rank
GLXY
ETHE
GLXY vs. ETHE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Galaxy Digital Holdings Ltd (GLXY) and Grayscale Ethereum Trust ETF (ETHE). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GLXY | ETHE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.17 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.24 | 0.08 | -0.32 |
Correlation
The correlation between GLXY and ETHE is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
GLXY vs. ETHE - Dividend Comparison
GLXY has not paid dividends to shareholders, while ETHE's dividend yield for the trailing twelve months is around 0.76%.
| TTM | |
|---|---|
GLXY Galaxy Digital Holdings Ltd | 0.00% |
ETHE Grayscale Ethereum Trust ETF | 0.76% |
Drawdowns
GLXY vs. ETHE - Drawdown Comparison
The maximum GLXY drawdown since its inception was -60.71%, smaller than the maximum ETHE drawdown of -96.26%. Use the drawdown chart below to compare losses from any high point for GLXY and ETHE.
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Drawdown Indicators
| GLXY | ETHE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.71% | -96.26% | +35.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -89.85% | — |
Current DrawdownCurrent decline from peak | -56.95% | -73.36% | +16.41% |
Average DrawdownAverage peak-to-trough decline | -26.02% | -72.24% | +46.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.61% | — |
Volatility
GLXY vs. ETHE - Volatility Comparison
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Volatility by Period
| GLXY | ETHE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.51% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 89.97% | 75.70% | +14.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.97% | 85.14% | +4.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.97% | 194.18% | -104.21% |