ETHE vs ETHA Stock Comparison: AI Score, Valuation, Performance and Upside
ETHE and ETHA both target spot ethereum exposure but take different paths to get there — ETHE via the Ethereum Spot Price (CME CF Ether Reference Rate), and ETHA via the Ethereum Spot Price (CME CF Ether Reference Rate). The practical differences come down to issuer, cost structure, and the specific index rules each fund follows, since both are pursuing a similar investment outcome.
ETHE vs ETHA is largely a question of which issuer and index methodology you trust more for spot ethereum exposure — the underlying investment case is similar, so cost, liquidity, and tracking precision tend to be the deciding factors.
ETHA holds the edge across 4 of 5 key metrics in this comparison. ETHA has delivered stronger 1-year price return (-38.74% vs -39.09% for ETHE).
- want direct, physically-backed spot ethereum price exposure via a converted trust structure
- prefer Grayscale's approach and fund lineup
- value directly tracks spot ethereum price
- are comfortable with historically higher expense ratio than newer, purpose-built spot ether ETFs
- want a lower-cost, purpose-built spot ethereum ETF from BlackRock
- prefer iShares (BlackRock)'s approach and fund lineup
- value lower expense ratio than the legacy Grayscale ethereum trust
- are comfortable with shorter track record than the long-running Grayscale trust
| Metric | ETHE | ETHA |
|---|---|---|
| ETF scorei | 25.3 | 20.4 |
| Latest closei | $19.64 | $55.41 |
| 1M returni | +1.34% | +1.48% |
| 3M returni | +30.37% | +30.71% |
| 6M returni | +3.32% | +3.65% |
| 1Y returni | -39.09% | -38.74% |
The ETF score weights long-term returns and risk-adjusted performance most heavily, but still rewards low expense ratios, larger fund size, and broader diversification — so it can favor low-cost, broad, mega-cap funds over smaller thematic or actively-managed funds even when the latter have delivered stronger returns.
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | ETHE | ETHA |
|---|---|---|
| 1Y ago | $6.19K (-38.1%) started 2025-10-15 | $6.13K (-38.7%) started 2025-10-15 |
| 5Y ago | $6.47K (-35.3%) started 2021-10-15 | $7.04K (-29.6%) started 2024-07-23 |
| 10Y ago | $34.17K (+241.7%) started 2019-06-14 | $7.04K (-29.6%) started 2024-07-23 |
Hypothetical — past performance does not guarantee future results.
| Metric | ETHE | ETHA |
|---|---|---|
| Expense ratioi | 2.50% | 0.25% |
| Total assets (AUM)i | $1.95B | $9.83B |
| Dividend yieldi | 1.15% | 0.00% |
| Trailing P/Ei | N/A | N/A |
| Betai | 3.31 | N/A |
| 52-week change | -39.09% | -38.74% |
| Metric | ETHE | ETHA |
|---|---|---|
| 1Y returni | -39.09% | -38.74% |
| 6M returni | +3.32% | +3.65% |
| 3M returni | +30.37% | +30.71% |
| 1M returni | +1.34% | +1.48% |
| 1Y Sharpe ratio | -0.55 | -0.53 |
| Betai | 3.31 | N/A |
| Dividend yieldi | 1.15% | 0.00% |
| 5Y CAGR | -8.64% | -14.58% |
Over the past year, ETHE and ETHA have moved strongly in the same direction (correlation of 1.00), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | ETHE | ETHA |
|---|---|---|---|
| 1Y | Growthi | -39.09% | -38.74% |
| CAGRi | -39.11% | -38.76% | |
| Volatilityi | 62.66% | 63.07% | |
| Sharpe ratioi | -0.55 | -0.53 | |
| Sortino ratioi | -0.78 | -0.75 | |
| Max drawdowni | 63.14% | 63.02% | |
| Current drawdowni | 42.16% | 41.83% | |
| Avg drawdowni | 41.64% | 41.52% | |
| Ulcer Indexi | 44.15% | 44.01% | |
| Max daily dropi | 13.93% | 13.95% | |
| Max wkly dropi | 33.42% | 33.40% | |
| 5Y | Growthi | -36.33% | -29.61% |
| CAGRi | -8.64% | -14.58% | |
| Volatilityi | 79.89% | 69.66% | |
| Sharpe ratioi | 0.23 | 0.06 | |
| Sortino ratioi | 0.34 | 0.08 | |
| Max drawdowni | 89.85% | 67.91% | |
| Current drawdowni | 51.78% | 49.52% | |
| Avg drawdowni | 54.62% | 36.52% | |
| Ulcer Indexi | 58.66% | 41.13% | |
| Max daily dropi | 23.78% | 20.10% | |
| Max wkly dropi | 37.26% | 33.40% | |
| 10Y | Growthi | +236.35% | -29.61% |
| CAGRi | +17.98% | -14.58% | |
| Volatilityi | 187.34% | 69.66% | |
| Sharpe ratioi | 0.61 | 0.06 | |
| Sortino ratioi | 1.52 | 0.08 | |
| Max drawdowni | 96.26% | 67.91% | |
| Current drawdowni | 65.21% | 49.52% | |
| Avg drawdowni | 70.92% | 36.52% | |
| Ulcer Indexi | 72.80% | 41.13% | |
| Max daily dropi | 77.24% | 20.10% | |
| Max wkly dropi | 79.31% | 33.40% |
| Category | ETHE | ETHA |
|---|---|---|
| Fund name | Grayscale Ethereum Staking ETF | iShares Ethereum Trust ETF |
| Type | ETF | ETF |
| Expense ratioi | 2.50% | 0.25% |
| Total assets (AUM)i | $1.95B | $9.83B |
| Dividend yieldi | 1.15% | 0.00% |
- Directly tracks spot ethereum price
- Longest operating history of any US ether investment vehicle
- Regulated ETF wrapper avoids self-custody and exchange-hack risk
- Lower expense ratio than the legacy Grayscale ethereum trust
- Backed by BlackRock's scale and institutional distribution
- Directly tracks spot ethereum price
- Historically higher expense ratio than newer, purpose-built spot ether ETFs
- Ethereum carries its own extreme volatility beyond bitcoin's
- No income generation despite ether's underlying staking-yield potential
- Shorter track record than the long-running Grayscale trust
- Ethereum carries extreme price volatility
- No income generation despite ether's underlying staking-yield potential
Compare more than two at a time
This page is a fixed writeup on ETHE and ETHA. Our comparison engine is the interactive version: load up to five tickers, switch timeframes, and get the correlation, drawdown, and overlap analysis that a static page can't show.
Add three more names beside ETHE and ETHA, mixing stocks and ETFs in the same table — useful when the real question is which of a whole peer group to own.
AI score, forward P/E, analyst target upside, operating margin, and revenue growth are scored head-to-head, with a running tally of which ticker leads on how many metrics.
Volatility, Sharpe and Sortino ratios, maximum, current, and average drawdown, Ulcer Index, and worst single-day and single-week drops across every timeframe.
Pairwise daily-return correlation for every combination, so you can see whether two holdings actually diversify each other or just move together.
A scatter plot of forward P/E against return on equity, plus drawdown and 30-day rolling volatility charts, to separate what is cheap from what is merely beaten down.
For ETFs, a top-holdings comparison that exposes hidden overlap between funds. Every comparison exports to CSV for your own spreadsheet work.
Two comparisons a week are free without an account. A 14-day trial removes the limit and adds AI price forecasts, stock rankings, saved watchlists, and the intrinsic value calculator — no credit card required.
Want deeper AI forecasts?
This comparison page is public and free forever. Subscribers can unlock saved watchlists, full AI rankings, detailed forecasts, and interactive analysis tools.