IETH vs. IPDP

Last updated Jun 3, 2026

IETH (Bitwise Ethereum Option Income Strategy ETF) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. IETH charges 0.97%/yr vs 1.52%/yr for IPDP.

Performance

IETH vs. IPDP - Performance Comparison

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

Returns By Period

IETH

• 1D: -4.40%
• 1M: -13.05%
• YTD: -30.28%
• 6M: -28.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IETH vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
IETH Bitwise Ethereum Option Income Strategy ETF	-1.46%
IPDP Dividend Performers ETF	0.00%

Return for Risk

IETH vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Ethereum Option Income Strategy ETF (IETH) and Dividend Performers ETF (IPDP). 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	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.10	—	—

Drawdowns

IETH vs. IPDP - Drawdown Comparison

The maximum IETH drawdown since its inception was -55.94%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IETH and IPDP.

Drawdown Indicators

	IETH	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-55.94%	0.00%	-55.94%
Current Drawdown Current decline from peak	-51.80%	0.00%	-51.80%
Average Drawdown Average peak-to-trough decline	-37.00%	0.00%	-37.00%

Volatility

Volatility by Period

	IETH	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	59.68%	0.00%	+59.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.68%	0.00%	+59.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.68%	0.00%	+59.68%

IETH vs. IPDP - Expense Ratio Comparison

IETH has a 0.97% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

IETH vs. IPDP - Dividend Comparison

IETH's dividend yield for the trailing twelve months is around 44.60%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
IETH Bitwise Ethereum Option Income Strategy ETF	44.60%	18.26%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IETH or IPDP?

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 IPDP?

IETH is cheaper with a 0.97% expense ratio, compared with 1.52% for IPDP.

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

IETH has the higher dividend yield at 44.60%, compared with 0.00% for IPDP.

What is the main difference between IETH and IPDP?

They also come from different issuers: Bitwise and Innovative Portfolios. Their fees differ too: 0.97% for IETH and 1.52% for IPDP.