NEHI vs. ETHA
Compare and contrast key facts about NEOS Ethereum High Income ETF (NEHI) and iShares Ethereum Trust ETF (ETHA).
NEHI and ETHA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NEHI is an actively managed fund by Neos. It was launched on Dec 2, 2025. ETHA is a passively managed fund by iShares that tracks the performance of the CME CF Ether-Dollar Reference Rate-New York Variant. It was launched on Jun 24, 2024.
Performance
NEHI vs. ETHA - Performance Comparison
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NEHI vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -26.13% | -3.02% |
ETHA iShares Ethereum Trust ETF | -27.95% | -5.44% |
Returns By Period
In the year-to-date period, NEHI achieves a -26.13% return, which is significantly higher than ETHA's -27.95% return.
NEHI
- 1D
- 1.12%
- 1M
- 4.55%
- YTD
- -26.13%
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA
- 1D
- 2.08%
- 1M
- 5.14%
- YTD
- -27.95%
- 6M
- -50.73%
- 1Y
- 11.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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NEHI vs. ETHA - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than ETHA's 0.25% expense ratio.
Return for Risk
NEHI vs. ETHA — Risk / Return Rank
NEHI
ETHA
NEHI vs. ETHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) and iShares Ethereum Trust ETF (ETHA). 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.
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Sharpe Ratios by Period
| NEHI | ETHA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.98 | -0.33 | -0.64 |
Correlation
The correlation between NEHI and ETHA is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NEHI vs. ETHA - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 14.42%, while ETHA has not paid dividends to shareholders.
| TTM | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | 14.42% | 2.87% |
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% |
Drawdowns
NEHI vs. ETHA - Drawdown Comparison
The maximum NEHI drawdown since its inception was -42.50%, smaller than the maximum ETHA drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for NEHI and ETHA.
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Drawdown Indicators
| NEHI | ETHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.50% | -64.02% | +21.52% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.66% | — |
Current DrawdownCurrent decline from peak | -33.93% | -55.83% | +21.90% |
Average DrawdownAverage peak-to-trough decline | -22.04% | -30.46% | +8.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.61% | — |
Volatility
NEHI vs. ETHA - Volatility Comparison
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Volatility by Period
| NEHI | ETHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 19.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.41% | 76.10% | -9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.41% | 75.03% | -8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.41% | 75.03% | -8.62% |