TTOP vs. ETH
TTOP (21Shares FTSE Crypto 10 Index ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. TTOP is passively managed, while ETH is actively managed. With a 0.96 correlation, they move nearly in lockstep. TTOP charges 0.50%/yr vs 0.15%/yr for ETH.
Performance
TTOP vs. ETH - Performance Comparison
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Returns By Period
In the year-to-date period, TTOP achieves a -29.59% return, which is significantly higher than ETH's -39.17% return.
TTOP
- 1D
- 1.18%
- 1M
- 1.26%
- 6M
- -32.24%
- YTD
- -29.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- 2.58%
- 1M
- 7.83%
- 6M
- -41.14%
- YTD
- -39.17%
- 1Y
- -39.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TTOP vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TTOP 21Shares FTSE Crypto 10 Index ETF | -29.59% | -14.90% |
ETH Grayscale Ethereum Staking Mini ETF | -39.17% | -12.86% |
Correlation
The correlation between TTOP and ETH is 0.96 - 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 Nov 13, 2025 | 0.96 |
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Return for Risk
TTOP vs. ETH — Risk / Return Rank
TTOP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETH
TTOP vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 Index ETF (TTOP) 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.
| TTOP | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.95 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.53 | — |
| Martin ratioReturn relative to average drawdown | — | -0.84 | — |
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Drawdowns
TTOP vs. ETH - Drawdown Comparison
The maximum TTOP drawdown since its inception was -44.86%, smaller than the maximum ETH drawdown of -67.52%. Use the drawdown chart below to compare losses from any high point for TTOP and ETH.
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Drawdown Indicators
| TTOP | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.86% | -67.52% | +22.66% |
Max Drawdown (1Y)Largest decline over 1 year | — | -67.52% | — |
Current DrawdownCurrent decline from peak | -40.08% | -62.53% | +22.45% |
Average DrawdownAverage peak-to-trough decline | -26.54% | -34.27% | +7.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 42.59% | — |
Volatility
TTOP vs. ETH - Volatility Comparison
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Volatility by Period
| TTOP | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.11% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.99% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 51.51% | 68.46% | -16.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.51% | 71.92% | -20.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.51% | 71.92% | -20.41% |
TTOP vs. ETH - Expense Ratio Comparison
TTOP has a 0.50% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
TTOP vs. ETH - Dividend Comparison
Neither TTOP nor ETH has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, TTOP and ETH 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, 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 TTOP.
TTOP 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 TTOP and 0.15% for ETH.
Find the right allocation for TTOP and ETH
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