IPDP vs. IETH

Last updated Jun 4, 2026

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

Performance

IPDP vs. IETH - Performance Comparison

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

Returns By Period

IPDP

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

IETH

• 1D: -5.08%
• 1M: -18.82%
• YTD: -33.82%
• 6M: -35.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IPDP vs. IETH - Yearly Performance Comparison

	2026 (YTD)
IPDP Dividend Performers ETF	0.00%
IETH Bitwise Ethereum Option Income Strategy ETF	-6.46%

Return for Risk

IPDP vs. IETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dividend Performers ETF (IPDP) and Bitwise Ethereum Option Income Strategy ETF (IETH). 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

	IPDP	IETH	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	-1.13	—

Drawdowns

IPDP vs. IETH - Drawdown Comparison

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

Drawdown Indicators

	IPDP	IETH	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-55.94%	+55.94%
Current Drawdown Current decline from peak	0.00%	-54.25%	+54.25%
Average Drawdown Average peak-to-trough decline	0.00%	-37.10%	+37.10%

Volatility

Volatility by Period

	IPDP	IETH	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	59.79%	-59.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	59.79%	-59.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	59.79%	-59.79%

IPDP vs. IETH - Expense Ratio Comparison

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

Dividends

IPDP vs. IETH - Dividend Comparison

IPDP has not paid dividends to shareholders, while IETH's dividend yield for the trailing twelve months is around 46.99%.

Position	TTM	2025
IETH Bitwise Ethereum Option Income Strategy ETF	46.99%	18.26%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IPDP or IETH?

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, IPDP or IETH?

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

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

IETH has the higher dividend yield at 46.99%, compared with 0.00% for IPDP.

What is the main difference between IPDP and IETH?

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