NEHI vs. ETH
NEHI (NEOS Ethereum High Income ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Their 0.99 correlation means they have historically moved very closely together. NEHI charges 0.98%/yr vs 0.15%/yr for ETH.
Performance
NEHI vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, NEHI achieves a -34.62% return, which is significantly higher than ETH's -36.49% return.
NEHI
- 1D
- 0.34%
- 1M
- 9.03%
- 6M
- -18.71%
- YTD
- -34.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ETH
- 1D
- 0.11%
- 1M
- 10.14%
- 6M
- -18.78%
- YTD
- -36.49%
- 1Y
- -45.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -26.19%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $31.27M | $33.28M | $46.00M | |
| $1.32M | $1.23M | $2.12M |
NEHI vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -34.62% | -1.24% |
ETH Grayscale Ethereum Staking Mini ETF | -36.49% | -0.21% |
Correlation
The correlation between NEHI and ETH is 0.99 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 3, 2025 | 0.99 |
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Return for Risk
NEHI vs. ETH — Risk / Return Rank
NEHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETH
NEHI vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) 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.
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.
| NEHI | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.91 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.68 | — |
| Martin ratioReturn relative to average drawdown | — | -1.02 | — |
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Drawdowns
NEHI vs. ETH - Drawdown Comparison
The maximum NEHI drawdown since its inception was -50.12%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for NEHI and ETH.
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Drawdown Indicators
| NEHI | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.12% | -67.52% | +17.40% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.52% | — |
Current DrawdownCurrent decline from peak | -41.52% | -60.89% | +19.37% |
Average DrawdownAverage peak-to-trough decline | -29.67% | -35.09% | +5.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 45.23% | — |
Volatility
NEHI vs. ETH - Volatility Comparison
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Volatility by Period
| NEHI | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 45.64% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 56.49% | 67.03% | -10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.49% | 71.15% | -14.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.49% | 71.15% | -14.66% |
NEHI vs. ETH - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
NEHI vs. ETH - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 30.56%, while ETH has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ETH Grayscale Ethereum Staking Mini ETF | 0.00% | 0.00% |
NEHI NEOS Ethereum High Income ETF | 30.56% | 2.87% |
Frequently Asked Questions
With a correlation of 0.99, NEHI 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, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETH is cheaper with a 0.15% expense ratio, compared with 0.98% for NEHI.
NEHI has the higher dividend yield at 30.56%, compared with 0.00% for ETH.
They also come from different issuers: Neos and Grayscale. Their fees differ too: 0.98% for NEHI and 0.15% for ETH.
Find the right allocation for NEHI and ETH
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