NEHI vs. ETHA
NEHI (NEOS Ethereum High Income ETF) and ETHA (iShares Ethereum Trust ETF) are both Cryptocurrency funds. NEHI is actively managed, while ETHA is passively managed. With a 0.99 correlation, they move nearly in lockstep. NEHI charges 0.98%/yr vs 0.25%/yr for ETHA.
Performance
NEHI vs. ETHA - Performance Comparison
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Returns By Period
In the year-to-date period, NEHI achieves a -34.75% return, which is significantly higher than ETHA's -36.78% return.
NEHI
- 1D
- 4.83%
- 1M
- 9.16%
- 6M
- -39.24%
- YTD
- -34.75%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA
- 1D
- 6.06%
- 1M
- 12.81%
- 6M
- -41.45%
- YTD
- -36.78%
- 1Y
- -37.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEHI vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -34.75% | -1.24% |
ETHA iShares Ethereum Trust ETF | -36.78% | -0.36% |
Correlation
The correlation between NEHI and ETHA is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| 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. ETHA — Risk / Return Rank
NEHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | ETHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.94 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.56 | — |
| Martin ratioReturn relative to average drawdown | — | -0.87 | — |
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Drawdowns
NEHI vs. ETHA - Drawdown Comparison
The maximum NEHI drawdown since its inception was -50.12%, smaller than the maximum ETHA drawdown of -67.91%. 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 | -50.12% | -67.91% | +17.79% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.91% | — |
Current DrawdownCurrent decline from peak | -41.64% | -61.25% | +19.61% |
Average DrawdownAverage peak-to-trough decline | -28.62% | -34.53% | +5.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.21% | — |
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 | — | 16.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 58.60% | 68.64% | -10.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.60% | 72.20% | -13.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.60% | 72.20% | -13.60% |
NEHI vs. ETHA - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than ETHA's 0.25% expense ratio.
Dividends
NEHI vs. ETHA - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 27.09%, while ETHA has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% |
NEHI NEOS Ethereum High Income ETF | 27.09% | 2.87% |
Frequently Asked Questions
With a correlation of 0.99, NEHI and ETHA 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, ETHA is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHA is cheaper with a 0.25% expense ratio, compared with 0.98% for NEHI.
NEHI has the higher dividend yield at 27.09%, compared with 0.00% for ETHA.
They also come from different issuers: Neos and iShares. Their fees differ too: 0.98% for NEHI and 0.25% for ETHA.
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