TETH vs. EZET
TETH (21Shares Ethereum ETF) and EZET (Franklin Ethereum ETF) are both Cryptocurrency funds. TETH is actively managed, while EZET is passively managed. Over the past year, TETH returned -32.60% vs -32.92% for EZET. With a 1.00 correlation, they move nearly in lockstep.
Performance
TETH vs. EZET - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with TETH having a -45.15% return and EZET slightly lower at -45.34%.
TETH
- 1D
- 3.43%
- 1M
- -19.29%
- YTD
- -45.15%
- 6M
- -44.28%
- 1Y
- -32.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EZET
- 1D
- 3.27%
- 1M
- -19.44%
- YTD
- -45.34%
- 6M
- -44.50%
- 1Y
- -32.92%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TETH vs. EZET - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TETH 21Shares Ethereum ETF | -45.15% | -11.20% | -5.86% |
EZET Franklin Ethereum ETF | -45.34% | -11.23% | -4.77% |
Correlation
The correlation between TETH and EZET is 1.00 - 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 (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024 | 1.00 |
The correlation between TETH and EZET has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
TETH vs. EZET — Risk / Return Rank
TETH
EZET
TETH vs. EZET - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum ETF (TETH) and Franklin Ethereum ETF (EZET). 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.
| TETH | EZET | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.96 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.49 | 0.00 |
| Martin ratioReturn relative to average drawdown | -0.79 | -0.80 | +0.01 |
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Drawdowns
TETH vs. EZET - Drawdown Comparison
The maximum TETH drawdown since its inception was -67.74%, roughly equal to the maximum EZET drawdown of -67.89%. Use the drawdown chart below to compare losses from any high point for TETH and EZET.
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Drawdown Indicators
| TETH | EZET | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.74% | -67.89% | +0.15% |
Max Drawdown (1Y)Largest decline over 1 year | -67.74% | -67.89% | +0.15% |
Current DrawdownCurrent decline from peak | -66.33% | -66.49% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -34.03% | -33.92% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.19% | 41.28% | -0.09% |
Volatility
TETH vs. EZET - Volatility Comparison
21Shares Ethereum ETF (TETH) and Franklin Ethereum ETF (EZET) have volatilities of 20.46% and 20.57%, 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.
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Volatility by Period
| TETH | EZET | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.46% | 20.57% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 46.69% | 46.66% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.15% | 69.19% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 72.18% | 72.32% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.18% | 72.32% | -0.14% |
Dividends
TETH vs. EZET - Dividend Comparison
TETH's dividend yield for the trailing twelve months is around 0.39%, while EZET has not paid dividends to shareholders.
| Position | TTM |
|---|---|
EZET Franklin Ethereum ETF | 0.00% |
TETH 21Shares Ethereum ETF | 0.39% |
Frequently Asked Questions
With a correlation of 1.00, TETH and EZET 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.
EZET has higher volatility (20.57%) compared to TETH (20.46%). In terms of maximum drawdown, TETH dropped -67.74% vs EZET's -67.89%.
On 1-year performance, TETH leads with -32.60% vs -32.92% for EZET. On volatility, TETH has been the lower-risk option at 20.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TETH has performed better with a -32.60% return vs -32.92%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TETH has the higher dividend yield at 0.39%, compared with 0.00% for EZET.
They also come from different issuers: 21Shares and Franklin Templeton.
TETH currently has the higher Sharpe Ratio (-0.47 vs -0.48), 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.
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