YETH vs. ETCO

Last updated Jun 5, 2026

YETH (Roundhill Ether Covered Call Strategy ETF) and ETCO (Grayscale Ethereum Covered Call ETF) are both exchange-traded funds - YETH is a Derivative Income fund actively managed by Roundhill, while ETCO is a Cryptocurrency fund actively managed by Grayscale. Both are actively managed. Their correlation of 0.93 suggests significant overlap in exposure. YETH charges 0.95%/yr vs 0.66%/yr for ETCO.

Performance

YETH vs. ETCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Ether Covered Call Strategy ETF (YETH) and Grayscale Ethereum Covered Call ETF (ETCO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with YETH having a -33.84% return and ETCO slightly lower at -34.48%.

YETH

• 1D: -1.32%
• 1M: -22.71%
• YTD: -33.84%
• 6M: -33.94%
• 1Y: -31.39%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETCO

• 1D: -1.66%
• 1M: -22.34%
• YTD: -34.48%
• 6M: -36.17%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YETH vs. ETCO - Yearly Performance Comparison

	2026 (YTD)	2025
YETH Roundhill Ether Covered Call Strategy ETF	-33.84%	-21.92%
ETCO Grayscale Ethereum Covered Call ETF	-34.48%	-24.78%

Correlation

The correlation between YETH and ETCO is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 5, 2025	0.93

Return for Risk

YETH vs. ETCO — Risk / Return Rank

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

YETH

YETH Risk / Return Rank: 5
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 4

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.

YETH vs. ETCO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) and Grayscale Ethereum Covered Call ETF (ETCO). 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.

	YETH	ETCO	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	—	—
Sortino ratio: Return per unit of downside risk	-0.51	—	—
Omega ratio: Gain probability vs. loss probability	0.94	—	—
Calmar ratio: Return relative to maximum drawdown	-0.57	—	—
Martin ratio: Return relative to average drawdown	-1.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	YETH	ETCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	-1.17	+0.66

Drawdowns

YETH vs. ETCO - Drawdown Comparison

The maximum YETH drawdown since its inception was -61.73%, which is greater than ETCO's maximum drawdown of -56.81%. Use the drawdown chart below to compare losses from any high point for YETH and ETCO.

Drawdown Indicators

	YETH	ETCO	Difference
Max Drawdown Largest peak-to-trough decline	-61.73%	-56.81%	-4.92%
Max Drawdown (1Y) Largest decline over 1 year	-55.63%	—	—
Current Drawdown Current decline from peak	-59.58%	-55.08%	-4.50%
Average Drawdown Average peak-to-trough decline	-30.99%	-34.54%	+3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.10%	—	—

Volatility

Volatility by Period

	YETH	ETCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	38.11%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	56.94%	52.38%	+4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.37%	52.38%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.37%	52.38%	+2.99%

YETH vs. ETCO - Expense Ratio Comparison

YETH has a 0.95% expense ratio, which is higher than ETCO's 0.66% expense ratio.

Dividends

YETH vs. ETCO - Dividend Comparison

YETH's dividend yield for the trailing twelve months is around 144.02%, more than ETCO's 129.56% yield.

Position	TTM	2025	2024
ETCO Grayscale Ethereum Covered Call ETF	129.56%	42.29%	0.00%
YETH Roundhill Ether Covered Call Strategy ETF	144.02%	109.12%	20.52%

Frequently Asked Questions

Can I hold both YETH and ETCO in my portfolio?

With a correlation of 0.93, YETH and ETCO 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.

Which ETF is better, YETH or ETCO?

On fees, ETCO is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, YETH or ETCO?

ETCO is cheaper with a 0.66% expense ratio, compared with 0.95% for YETH.

Which ETF pays a higher dividend yield, YETH or ETCO?

YETH has the higher dividend yield at 144.02%, compared with 129.56% for ETCO.

What is the main difference between YETH and ETCO?

YETH is categorized as Derivative Income, while ETCO is Cryptocurrency. They also come from different issuers: Roundhill and Grayscale. Their fees differ too: 0.95% for YETH and 0.66% for ETCO.