IETH vs. HOII

Last updated Jun 24, 2026

IETH (Bitwise Ethereum Option Income Strategy ETF) and HOII (REX HOOD Growth & Income ETF) are both Derivative Income funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. IETH charges 0.97%/yr vs 0.99%/yr for HOII.

Performance

IETH vs. HOII - Performance Comparison

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

Returns By Period

In the year-to-date period, IETH achieves a -38.45% return, which is significantly lower than HOII's 19,132.59% return.

IETH

• 1D: -3.27%
• 1M: -17.57%
• YTD: -38.45%
• 6M: -35.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOII

• 1D: 0.00%
• 1M: 30,031.23%
• YTD: 19,132.59%
• 6M: 17,912.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IETH vs. HOII - Yearly Performance Comparison

	2026 (YTD)	2025
IETH Bitwise Ethereum Option Income Strategy ETF	-38.45%	-11.63%
HOII REX HOOD Growth & Income ETF	19,132.59%	-23.54%

Correlation

The correlation between IETH and HOII is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.65

Return for Risk

IETH vs. HOII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) and REX HOOD Growth & Income ETF (HOII). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

IETH vs. HOII - Drawdown Comparison

The maximum IETH drawdown since its inception was -59.55%, which is greater than HOII's maximum drawdown of -55.38%. Use the drawdown chart below to compare losses from any high point for IETH and HOII.

Drawdown Indicators

	IETH	HOII	Difference
Max Drawdown Largest peak-to-trough decline	-59.55%	-55.38%	-4.17%
Current Drawdown Current decline from peak	-57.45%	0.00%	-57.45%
Average Drawdown Average peak-to-trough decline	-38.29%	-36.68%	-1.61%

Volatility

Volatility by Period

	IETH	HOII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	60.54%	34,045.59%	-33,985.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	60.54%	34,045.59%	-33,985.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.54%	34,045.59%	-33,985.05%

IETH vs. HOII - Expense Ratio Comparison

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

Dividends

IETH vs. HOII - Dividend Comparison

IETH's dividend yield for the trailing twelve months is around 50.52%, less than HOII's 120.87% yield.

Position	TTM	2025
HOII REX HOOD Growth & Income ETF	120.87%	4.41%
IETH Bitwise Ethereum Option Income Strategy ETF	50.52%	18.26%

Frequently Asked Questions

Can I hold both IETH and HOII in my portfolio?

IETH and HOII have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IETH or HOII?

On fees, IETH is cheaper at 0.97% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IETH or HOII?

IETH is cheaper with a 0.97% expense ratio, compared with 0.99% for HOII.

Which ETF pays a higher dividend yield, IETH or HOII?

HOII has the higher dividend yield at 120.87%, compared with 50.52% for IETH.

What is the main difference between IETH and HOII?

They also come from different issuers: Bitwise and REX. Their fees differ too: 0.97% for IETH and 0.99% for HOII.