IETH vs. COSW

Last updated Apr 1, 2026

Compare and contrast key facts about Bitwise Ethereum Option Income Strategy ETF (IETH) and Roundhill COST WeeklyPay ETF (COSW).

IETH and COSW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IETH is an actively managed fund by Bitwise. It was launched on Oct 1, 2025. COSW is an actively managed fund by Roundhill. It was launched on Oct 23, 2025.

Performance

IETH vs. COSW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Ethereum Option Income Strategy ETF (IETH) and Roundhill COST WeeklyPay ETF (COSW). The values are adjusted to include any dividend payments, if applicable.

IETH vs. COSW - Yearly Performance Comparison

	2026 (YTD)	2025
IETH Bitwise Ethereum Option Income Strategy ETF	-26.81%	-17.90%
COSW Roundhill COST WeeklyPay ETF	17.20%	-10.71%

Returns By Period

In the year-to-date period, IETH achieves a -26.81% return, which is significantly lower than COSW's 17.20% return.

IETH

• 1D: 2.49%
• 1M: 11.47%
• YTD: -26.81%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COSW

• 1D: -0.54%
• 1M: -2.62%
• YTD: 17.20%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IETH vs. COSW - Expense Ratio Comparison

IETH has a 0.97% expense ratio, which is lower than COSW's 0.99% expense ratio.

COSW

Roundhill COST WeeklyPay ETF

IETH

Bitwise Ethereum Option Income Strategy ETF

Return for Risk

IETH vs. COSW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) and Roundhill COST WeeklyPay ETF (COSW). 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.

Sharpe Ratios by Period

	IETH	COSW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.09	0.44	-1.53

Correlation

The correlation between IETH and COSW is -0.04. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

IETH vs. COSW - Dividend Comparison

IETH's dividend yield for the trailing twelve months is around 39.70%, more than COSW's 12.26% yield.

	TTM	2025
IETH Bitwise Ethereum Option Income Strategy ETF	39.70%	18.26%
COSW Roundhill COST WeeklyPay ETF	12.26%	4.96%

Drawdowns

IETH vs. COSW - Drawdown Comparison

The maximum IETH drawdown since its inception was -55.94%, which is greater than COSW's maximum drawdown of -12.17%. Use the drawdown chart below to compare losses from any high point for IETH and COSW.

Drawdown Indicators

	IETH	COSW	Difference
Max Drawdown Largest peak-to-trough decline	-55.94%	-12.17%	-43.77%
Current Drawdown Current decline from peak	-49.40%	-3.28%	-46.12%
Average Drawdown Average peak-to-trough decline	-33.75%	-4.05%	-29.70%

Volatility

Volatility by Period

	IETH	COSW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	67.56%	25.36%	+42.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.56%	25.36%	+42.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.56%	25.36%	+42.20%