IBIT vs. ETHE.SW
Compare and contrast key facts about iShares Bitcoin Trust ETF (IBIT) and CoinShares Physical Ethereum (ETH) (ETHE.SW).
IBIT and ETHE.SW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024. ETHE.SW is an actively managed fund by CoinShares. It was launched on Feb 23, 2021.
Performance
IBIT vs. ETHE.SW - Performance Comparison
Loading graphics...
IBIT vs. ETHE.SW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBIT iShares Bitcoin Trust ETF | -22.62% | -6.41% | 99.21% |
ETHE.SW CoinShares Physical Ethereum (ETH) | -31.28% | -9.25% | 28.08% |
Different Trading Currencies
IBIT is traded in USD, while ETHE.SW is traded in CHF. To make them comparable, the ETHE.SW values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, IBIT achieves a -22.62% return, which is significantly higher than ETHE.SW's -31.28% return.
IBIT
- 1D
- 1.96%
- 1M
- 3.31%
- YTD
- -22.62%
- 6M
- -40.89%
- 1Y
- -17.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHE.SW
- 1D
- -0.50%
- 1M
- 5.81%
- YTD
- -31.28%
- 6M
- -50.10%
- 1Y
- 15.31%
- 3Y*
- 5.45%
- 5Y*
- 2.63%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
IBIT vs. ETHE.SW - Expense Ratio Comparison
IBIT has a 0.25% expense ratio, which is higher than ETHE.SW's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
IBIT vs. ETHE.SW — Risk / Return Rank
IBIT
ETHE.SW
IBIT vs. ETHE.SW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin Trust ETF (IBIT) and CoinShares Physical Ethereum (ETH) (ETHE.SW). 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.
| IBIT | ETHE.SW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 0.18 | -0.58 |
Sortino ratioReturn per unit of downside risk | -0.29 | 0.92 | -1.21 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.12 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.17 | -0.56 |
Martin ratioReturn relative to average drawdown | -0.83 | 0.36 | -1.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| IBIT | ETHE.SW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.18 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.04 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.07 | +0.29 |
Correlation
The correlation between IBIT and ETHE.SW is 0.47, 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
IBIT vs. ETHE.SW - Dividend Comparison
Neither IBIT nor ETHE.SW has paid dividends to shareholders.
Drawdowns
IBIT vs. ETHE.SW - Drawdown Comparison
The maximum IBIT drawdown since its inception was -49.36%, smaller than the maximum ETHE.SW drawdown of -79.01%. Use the drawdown chart below to compare losses from any high point for IBIT and ETHE.SW.
Loading graphics...
Drawdown Indicators
| IBIT | ETHE.SW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.36% | -77.57% | +28.21% |
Max Drawdown (1Y)Largest decline over 1 year | -49.36% | -61.87% | +12.51% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.57% | — |
Current DrawdownCurrent decline from peak | -46.11% | -62.57% | +16.46% |
Average DrawdownAverage peak-to-trough decline | -14.13% | -42.54% | +28.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.09% | 29.52% | -6.43% |
Volatility
IBIT vs. ETHE.SW - Volatility Comparison
The current volatility for iShares Bitcoin Trust ETF (IBIT) is 12.99%, while CoinShares Physical Ethereum (ETH) (ETHE.SW) has a volatility of 45.67%. This indicates that IBIT experiences smaller price fluctuations and is considered to be less risky than ETHE.SW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| IBIT | ETHE.SW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.99% | 45.67% | -32.68% |
Volatility (6M)Calculated over the trailing 6-month period | 36.75% | 65.41% | -28.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.42% | 85.09% | -39.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.26% | 88.41% | -37.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.26% | 88.43% | -37.17% |