VETH.DE vs. CETH.DE
Compare and contrast key facts about VanEck Ethereum ETN (VETH.DE) and CoinShares Physical Ethereum (ETH) (CETH.DE).
VETH.DE and CETH.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VETH.DE is a passively managed fund by VanEck that tracks the performance of the MVIS CryptoCompare Ethereum VWAP Close Index. It was launched on Mar 26, 2021. CETH.DE is an actively managed fund by CoinShares. It was launched on Feb 23, 2021.
Performance
VETH.DE vs. CETH.DE - Performance Comparison
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VETH.DE vs. CETH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VETH.DE VanEck Ethereum ETN | -27.59% | -21.95% | 52.69% | 89.80% | -66.32% | 43.71% |
CETH.DE CoinShares Physical Ethereum (ETH) | -27.34% | -21.13% | 53.89% | 91.46% | -66.40% | 43.27% |
Returns By Period
The year-to-date returns for both investments are quite close, with VETH.DE having a -27.59% return and CETH.DE slightly higher at -27.34%.
VETH.DE
- 1D
- 2.74%
- 1M
- 4.80%
- YTD
- -27.59%
- 6M
- -50.37%
- 1Y
- 3.85%
- 3Y*
- 2.67%
- 5Y*
- 1.77%
- 10Y*
- —
CETH.DE
- 1D
- 2.74%
- 1M
- 4.95%
- YTD
- -27.34%
- 6M
- -50.04%
- 1Y
- 5.00%
- 3Y*
- 3.88%
- 5Y*
- —
- 10Y*
- —
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VETH.DE vs. CETH.DE - Expense Ratio Comparison
VETH.DE has a 1.00% expense ratio, which is higher than CETH.DE's 0.00% expense ratio.
Return for Risk
VETH.DE vs. CETH.DE — Risk / Return Rank
VETH.DE
CETH.DE
VETH.DE vs. CETH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETN (VETH.DE) and CoinShares Physical Ethereum (ETH) (CETH.DE). 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.
| VETH.DE | CETH.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.08 | -0.02 |
Sortino ratioReturn per unit of downside risk | 0.57 | 0.59 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.07 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.10 | -0.02 |
Martin ratioReturn relative to average drawdown | 0.16 | 0.20 | -0.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VETH.DE | CETH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.08 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | -0.06 | +0.09 |
Correlation
The correlation between VETH.DE and CETH.DE is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VETH.DE vs. CETH.DE - Dividend Comparison
Neither VETH.DE nor CETH.DE has paid dividends to shareholders.
Drawdowns
VETH.DE vs. CETH.DE - Drawdown Comparison
The maximum VETH.DE drawdown since its inception was -76.77%, roughly equal to the maximum CETH.DE drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for VETH.DE and CETH.DE.
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Drawdown Indicators
| VETH.DE | CETH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.77% | -76.74% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -60.97% | -60.73% | -0.24% |
Max Drawdown (5Y)Largest decline over 5 years | -76.77% | — | — |
Current DrawdownCurrent decline from peak | -56.89% | -55.60% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -43.30% | -42.52% | -0.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.25% | 29.08% | +0.17% |
Volatility
VETH.DE vs. CETH.DE - Volatility Comparison
VanEck Ethereum ETN (VETH.DE) and CoinShares Physical Ethereum (ETH) (CETH.DE) have volatilities of 17.90% and 17.48%, 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
| VETH.DE | CETH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.90% | 17.48% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 45.64% | 45.49% | +0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.49% | 65.40% | +0.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.88% | 68.36% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.20% | 68.36% | +3.84% |