QETH vs. EZPZ

Last updated Jun 5, 2026

QETH (Invesco Galaxy Ethereum ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds. QETH is actively managed, while EZPZ is passively managed. Over the past year, QETH returned -32.58% vs -40.25% for EZPZ. Their correlation of 0.90 suggests significant overlap in exposure. QETH charges 0.25%/yr vs 0.19%/yr for EZPZ.

Performance

QETH vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Galaxy Ethereum ETF (QETH) and Franklin Crypto Index ETF (EZPZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QETH achieves a -40.24% return, which is significantly lower than EZPZ's -30.11% return.

QETH

• 1D: -1.34%
• 1M: -25.22%
• YTD: -40.24%
• 6M: -43.56%
• 1Y: -32.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZPZ

• 1D: -2.64%
• 1M: -22.06%
• YTD: -30.11%
• 6M: -34.97%
• 1Y: -40.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

QETH vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)	2025
QETH Invesco Galaxy Ethereum ETF	-40.24%	7.80%
EZPZ Franklin Crypto Index ETF	-30.11%	-10.23%

Correlation

The correlation between QETH and EZPZ is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (All Time) Calculated using the full available price history since Feb 21, 2025	0.90

The correlation between QETH and EZPZ has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.

Return for Risk

QETH vs. EZPZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QETH

QETH Risk / Return Rank: 5
QETH Sharpe Ratio Rank: 5
QETH Sortino Ratio Rank: 6
QETH Omega Ratio Rank: 6
QETH Calmar Ratio Rank: 5
QETH Martin Ratio Rank: 5

EZPZ

EZPZ Risk / Return Rank: 3
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 3
EZPZ Omega Ratio Rank: 3
EZPZ Calmar Ratio Rank: 2
EZPZ Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QETH vs. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Galaxy Ethereum ETF (QETH) and Franklin Crypto Index ETF (EZPZ). 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.

	QETH	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.48	-0.86	+0.38
Sortino ratio: Return per unit of downside risk	-0.34	-1.18	+0.84
Omega ratio: Gain probability vs. loss probability	0.96	0.87	+0.09
Calmar ratio: Return relative to maximum drawdown	-0.52	-0.76	+0.25
Martin ratio: Return relative to average drawdown	-0.86	-1.32	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QETH vs. EZPZ - Sharpe Ratio Comparison

The current QETH Sharpe Ratio is -0.48, which is higher than the EZPZ Sharpe Ratio of -0.86. The chart below compares the historical Sharpe Ratios of QETH and EZPZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QETH	EZPZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	-0.86	+0.38
Sharpe Ratio (All Time) Calculated using the full available price history	-0.42	-0.64	+0.22

Drawdowns

QETH vs. EZPZ - Drawdown Comparison

The maximum QETH drawdown since its inception was -64.07%, which is greater than EZPZ's maximum drawdown of -52.87%. Use the drawdown chart below to compare losses from any high point for QETH and EZPZ.

Drawdown Indicators

	QETH	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-64.07%	-52.87%	-11.20%
Max Drawdown (1Y) Largest decline over 1 year	-63.39%	-52.87%	-10.52%
Current Drawdown Current decline from peak	-63.39%	-52.87%	-10.52%
Average Drawdown Average peak-to-trough decline	-32.76%	-21.81%	-10.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.96%	30.62%	+7.34%

Volatility

QETH vs. EZPZ - Volatility Comparison

Invesco Galaxy Ethereum ETF (QETH) and Franklin Crypto Index ETF (EZPZ) have volatilities of 9.72% and 9.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QETH	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	9.44%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	45.42%	36.24%	+9.18%
Volatility (1Y) Calculated over the trailing 1-year period	68.40%	46.85%	+21.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.22%	47.63%	+24.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.22%	47.63%	+24.59%

QETH vs. EZPZ - Expense Ratio Comparison

QETH has a 0.25% expense ratio, which is higher than EZPZ's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

QETH vs. EZPZ - Dividend Comparison

Neither QETH nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both QETH and EZPZ in my portfolio?

With a correlation of 0.92, QETH and EZPZ 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.

Which is riskier, QETH or EZPZ?

QETH has higher volatility (9.72%) compared to EZPZ (9.44%). In terms of maximum drawdown, QETH dropped -64.07% vs EZPZ's -52.87%.

Which ETF is better, QETH or EZPZ?

On 1-year performance, QETH leads with -32.58% vs -40.25% for EZPZ. On fees, EZPZ is cheaper at 0.19% per year. On volatility, EZPZ has been the lower-risk option at 9.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QETH or EZPZ?

Over the 1-year period, QETH has performed better with a -32.58% return vs -40.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QETH or EZPZ?

EZPZ is cheaper with a 0.19% expense ratio, compared with 0.25% for QETH.

Which ETF pays a higher dividend yield, QETH or EZPZ?

QETH and EZPZ have nearly identical dividend yields, around 0.00%.

What is the main difference between QETH and EZPZ?

They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.25% for QETH and 0.19% for EZPZ.

Which has better risk-adjusted returns?

QETH currently has the higher Sharpe Ratio (-0.48 vs -0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.