YETH vs. ETHA
YETH (Roundhill Ether Covered Call Strategy ETF) and ETHA (iShares Ethereum Trust ETF) are both exchange-traded funds - YETH is a Derivative Income fund actively managed by Roundhill, while ETHA is a Cryptocurrency fund tracking the CME CF Ether Dollar Reference Rate - New York Variant. YETH is actively managed, while ETHA is passively managed. Over the past year, YETH returned -31.39% vs -32.65% for ETHA. Their correlation of 0.92 suggests significant overlap in exposure. YETH charges 0.95%/yr vs 0.25%/yr for ETHA.
Performance
YETH vs. ETHA - Performance Comparison
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Returns By Period
In the year-to-date period, YETH achieves a -33.84% return, which is significantly higher than ETHA's -40.30% return.
YETH
- 1D
- -1.32%
- 1M
- -22.71%
- YTD
- -33.84%
- 6M
- -33.94%
- 1Y
- -31.39%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHA
- 1D
- -1.40%
- 1M
- -25.20%
- YTD
- -40.30%
- 6M
- -43.67%
- 1Y
- -32.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
YETH vs. ETHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
YETH Roundhill Ether Covered Call Strategy ETF | -33.84% | -32.10% | 24.84% |
ETHA iShares Ethereum Trust ETF | -40.30% | -11.31% | 35.97% |
Correlation
The correlation between YETH and ETHA 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 (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024 | 0.92 |
The correlation between YETH and ETHA has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.
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Return for Risk
YETH vs. ETHA — Risk / Return Rank
YETH
ETHA
YETH vs. ETHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill Ether Covered Call Strategy ETF (YETH) and iShares Ethereum Trust ETF (ETHA). 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 | ETHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.96 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.52 | -0.05 |
| Martin ratioReturn relative to average drawdown | -1.01 | -0.86 | -0.15 |
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
| YETH | ETHA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | -0.48 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.42 | -0.09 |
Drawdowns
YETH vs. ETHA - Drawdown Comparison
The maximum YETH drawdown since its inception was -61.73%, roughly equal to the maximum ETHA drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for YETH and ETHA.
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Drawdown Indicators
| YETH | ETHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.73% | -64.02% | +2.29% |
Max Drawdown (1Y)Largest decline over 1 year | -55.63% | -63.41% | +7.78% |
Current DrawdownCurrent decline from peak | -59.58% | -63.41% | +3.83% |
Average DrawdownAverage peak-to-trough decline | -30.99% | -32.71% | +1.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.10% | 37.94% | -6.84% |
Volatility
YETH vs. ETHA - Volatility Comparison
The current volatility for Roundhill Ether Covered Call Strategy ETF (YETH) is 9.35%, while iShares Ethereum Trust ETF (ETHA) has a volatility of 9.93%. This indicates that YETH experiences smaller price fluctuations and is considered to be less risky than ETHA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| YETH | ETHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.35% | 9.93% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 38.11% | 45.48% | -7.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.94% | 68.51% | -11.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.37% | 72.46% | -17.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.37% | 72.46% | -17.09% |
YETH vs. ETHA - Expense Ratio Comparison
YETH has a 0.95% expense ratio, which is higher than ETHA's 0.25% expense ratio.
Dividends
YETH vs. ETHA - Dividend Comparison
YETH's dividend yield for the trailing twelve months is around 144.02%, while ETHA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHA iShares Ethereum Trust ETF | 0.00% | 0.00% | 0.00% |
YETH Roundhill Ether Covered Call Strategy ETF | 144.02% | 109.12% | 20.52% |
Frequently Asked Questions
With a correlation of 0.93, YETH and ETHA 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.
ETHA has higher volatility (9.93%) compared to YETH (9.35%). In terms of maximum drawdown, YETH dropped -61.73% vs ETHA's -64.02%.
On 1-year performance, YETH leads with -31.39% vs -32.65% for ETHA. On fees, ETHA is cheaper at 0.25% per year. On volatility, YETH has been the lower-risk option at 9.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, YETH has performed better with a -31.39% return vs -32.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETHA is cheaper with a 0.25% expense ratio, compared with 0.95% for YETH.
YETH has the higher dividend yield at 144.02%, compared with 0.00% for ETHA.
YETH is categorized as Derivative Income, while ETHA is Cryptocurrency. They also come from different issuers: Roundhill and iShares. Their fees differ too: 0.95% for YETH and 0.25% for ETHA.
ETHA currently has the higher Sharpe Ratio (-0.48 vs -0.55), 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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