TDOG vs. ETH
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 0.78 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
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Returns By Period
TDOG
- 1D
- -0.90%
- 1M
- -16.17%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -2.57%
- 1M
- 4.63%
- 6M
- -42.53%
- YTD
- -36.39%
- 1Y
- -44.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDOG vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDOG 21Shares Dogecoin ETF | -41.78% |
ETH Grayscale Ethereum Staking Mini ETF | -37.61% |
Correlation
The correlation between TDOG and ETH is 0.78, 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 22, 2026 | 0.78 |
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Return for Risk
TDOG vs. ETH — Risk / Return Rank
TDOG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETH
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.
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.
| TDOG | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.92 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.65 | — |
| Martin ratioReturn relative to average drawdown | — | -1.02 | — |
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Drawdowns
TDOG vs. ETH - Drawdown Comparison
The maximum TDOG drawdown since its inception was -43.14%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for TDOG and ETH.
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Drawdown Indicators
| TDOG | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.14% | -67.52% | +24.38% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.52% | — |
Current DrawdownCurrent decline from peak | -42.07% | -60.82% | +18.75% |
Average DrawdownAverage peak-to-trough decline | -24.41% | -34.48% | +10.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 43.28% | — |
Volatility
TDOG vs. ETH - Volatility Comparison
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Volatility by Period
| TDOG | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.56% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 47.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 63.51% | 68.43% | -4.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.51% | 71.80% | -8.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.51% | 71.80% | -8.29% |
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.
Frequently Asked Questions
TDOG and ETH have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.50% for TDOG.
TDOG and ETH have nearly identical dividend yields, around 0.00%.
They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 0.50% for TDOG and 0.15% for ETH.
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