IETH vs. AETH
IETH (Bitwise Ethereum Option Income Strategy ETF) and AETH (Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF) are both exchange-traded funds - IETH is a Derivative Income fund actively managed by Bitwise, while AETH is a Cryptocurrency fund actively managed by Bitwise. Both are actively managed. Their 0.47 correlation means their historical movements had little consistent relationship. IETH charges 0.97%/yr vs 0.89%/yr for AETH.
Performance
IETH vs. AETH - Performance Comparison
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Returns By Period
In the year-to-date period, IETH achieves a -32.43% return, which is significantly lower than AETH's -15.81% return.
IETH
- 1D
- 0.43%
- 1M
- 7.22%
- 6M
- -14.64%
- YTD
- -32.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
AETH
- 1D
- 0.17%
- 1M
- 4.00%
- 6M
- -13.15%
- YTD
- -15.81%
- 1Y
- -34.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 14.72%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $27.84K | $19.14K | $18.72K | |
| $5.90K | $4.22K | $6.65K |
IETH vs. AETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IETH Bitwise Ethereum Option Income Strategy ETF | -32.43% | -27.34% |
AETH Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF | -15.81% | -22.80% |
Correlation
The correlation between IETH and AETH is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.47 |
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Return for Risk
IETH vs. AETH — Risk / Return Rank
IETH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AETH
IETH vs. AETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) and Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF (AETH). 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.
| IETH | AETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.82 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.68 | — |
| Martin ratioReturn relative to average drawdown | — | -0.96 | — |
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Drawdowns
IETH vs. AETH - Drawdown Comparison
The maximum IETH drawdown since its inception was -59.76%, which is greater than AETH's maximum drawdown of -51.08%. Use the drawdown chart below to compare losses from any high point for IETH and AETH.
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Drawdown Indicators
| IETH | AETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.76% | -51.08% | -8.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -51.08% | — |
Current DrawdownCurrent decline from peak | -53.29% | -47.60% | -5.69% |
Average DrawdownAverage peak-to-trough decline | -40.45% | -25.96% | -14.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 36.10% | — |
Volatility
IETH vs. AETH - Volatility Comparison
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Volatility by Period
| IETH | AETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 57.92% | 41.17% | +16.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.92% | 53.64% | +4.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.92% | 53.64% | +4.28% |
IETH vs. AETH - Expense Ratio Comparison
IETH has a 0.97% expense ratio, which is higher than AETH's 0.89% expense ratio.
Dividends
IETH vs. AETH - Dividend Comparison
IETH's dividend yield for the trailing twelve months is around 46.82%, more than AETH's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AETH Bitwise Trendwise Ethereum and Treasuries Rotation Strategy ETF | 2.86% | 2.41% | 14.73% | 6.64% |
IETH Bitwise Ethereum Option Income Strategy ETF | 46.82% | 18.26% | 0.00% | 0.00% |
Frequently Asked Questions
IETH and AETH have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AETH is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AETH is cheaper with a 0.89% expense ratio, compared with 0.97% for IETH.
IETH has the higher dividend yield at 46.82%, compared with 2.86% for AETH.
IETH is categorized as Derivative Income, while AETH is Cryptocurrency. Their fees differ too: 0.97% for IETH and 0.89% for AETH.
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