MSBT vs. ETH
MSBT (Morgan Stanley Bitcoin Trust) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. MSBT is passively managed, while ETH is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. MSBT charges 0.14%/yr vs 0.15%/yr for ETH.
Performance
MSBT vs. ETH - Performance Comparison
Loading charts...
Returns By Period
MSBT
- 1D
- -2.70%
- 1M
- -18.41%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -5.52%
- 1M
- -23.42%
- YTD
- -38.95%
- 6M
- -42.17%
- 1Y
- -30.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MSBT vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
MSBT Morgan Stanley Bitcoin Trust | -8.40% |
ETH Grayscale Ethereum Staking Mini ETF | -18.27% |
Correlation
The correlation between MSBT and ETH is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026 | 0.91 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MSBT vs. ETH — Risk / Return Rank
MSBT
ETH
MSBT vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Bitcoin Trust (MSBT) and Grayscale Ethereum Staking Mini ETF (ETH). 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.
Loading charts...
Sharpe Ratios by Period
| MSBT | ETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.33 | -0.41 | -0.92 |
Drawdowns
MSBT vs. ETH - Drawdown Comparison
The maximum MSBT drawdown since its inception was -20.25%, smaller than the maximum ETH drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for MSBT and ETH.
Loading charts...
Drawdown Indicators
| MSBT | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.25% | -64.01% | +43.76% |
Max Drawdown (1Y)Largest decline over 1 year | — | -62.40% | — |
Current DrawdownCurrent decline from peak | -20.25% | -62.40% | +42.15% |
Average DrawdownAverage peak-to-trough decline | -3.91% | -32.58% | +28.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 37.50% | — |
Volatility
MSBT vs. ETH - Volatility Comparison
Loading charts...
Volatility by Period
| MSBT | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.90% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 32.92% | 68.34% | -35.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.92% | 72.26% | -39.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.92% | 72.26% | -39.34% |
MSBT vs. ETH - Expense Ratio Comparison
MSBT has a 0.14% expense ratio, which is lower than ETH's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MSBT vs. ETH - Dividend Comparison
Neither MSBT nor ETH has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, MSBT and ETH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, MSBT is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSBT is cheaper with a 0.14% expense ratio, compared with 0.15% for ETH.
MSBT and ETH have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Morgan Stanley and Grayscale. Their fees differ too: 0.14% for MSBT and 0.15% for ETH.
Find the right allocation for MSBT and ETH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer