TDOG vs. ETH

Last updated Jun 4, 2026

TDOG (21Shares Dogecoin ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. TDOG is passively managed, while ETH is actively managed. A 0.77 correlation means they provide meaningful diversification when combined. TDOG charges 0.50%/yr vs 0.15%/yr for ETH.

Performance

TDOG vs. ETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Dogecoin ETF (TDOG) and Grayscale Ethereum Staking Mini ETF (ETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDOG

• 1D: -2.41%
• 1M: -17.01%
• 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*: —

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

TDOG vs. ETH - Yearly Performance Comparison

	2026 (YTD)
TDOG 21Shares Dogecoin ETF	-26.19%
ETH Grayscale Ethereum Staking Mini ETF	-38.25%

Correlation

The correlation between TDOG and ETH is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 23, 2026	0.77

Return for Risk

TDOG vs. ETH — Risk / Return Rank

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

ETH

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

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.

TDOG vs. ETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Dogecoin ETF (TDOG) 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.

Sharpe Ratios by Period

	TDOG	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	-0.85	-0.41	-0.44

Drawdowns

TDOG vs. ETH - Drawdown Comparison

The maximum TDOG drawdown since its inception was -29.24%, smaller than the maximum ETH drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for TDOG and ETH.

Drawdown Indicators

	TDOG	ETH	Difference
Max Drawdown Largest peak-to-trough decline	-29.24%	-64.01%	+34.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-62.40%	—
Current Drawdown Current decline from peak	-27.22%	-62.40%	+35.18%
Average Drawdown Average peak-to-trough decline	-20.46%	-32.58%	+12.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	37.50%	—

Volatility

Volatility by Period

	TDOG	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	67.14%	68.34%	-1.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.14%	72.26%	-5.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.14%	72.26%	-5.12%

TDOG vs. ETH - Expense Ratio Comparison

TDOG has a 0.50% expense ratio, which is higher than ETH's 0.15% expense ratio.

Dividends

TDOG vs. ETH - Dividend Comparison

Neither TDOG nor ETH has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TDOG and ETH in my portfolio?

TDOG and ETH have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDOG or ETH?

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.

Which ETF is cheaper, TDOG or ETH?

ETH is cheaper with a 0.15% expense ratio, compared with 0.50% for TDOG.

Which ETF pays a higher dividend yield, TDOG or ETH?

TDOG and ETH have nearly identical dividend yields, around 0.00%.

What is the main difference between TDOG and ETH?

They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 0.50% for TDOG and 0.15% for ETH.