ETH vs ETHE: Performance, Holdings, Fees & Risk
ETH and ETHE are ETFs, but they can differ materially in exposure, yield, fees and risk. ETH is Grayscale Ethereum Mini Trust ETF, while ETHE is Grayscale Ethereum Staking ETF. ETH has the lower expense ratio. Current AlgovestIQ evidence has ETHE ahead on AIQ Score, 42 versus 39.
| Metric | ETH | ETHE |
|---|---|---|
| Fund | ||
| Expense ratio | 0.15% | 2.5% |
| Holdings | 1 | 1 |
| Distribution yieldTrailing 12 months | 0.33% | 1.53% |
| Average volume | 2,702,068 | 2,400,543 |
| Performance | ||
| 1Y return | -36.2% | -38.7% |
| YTD return | -17.2% | -19.9% |
| Risk | ||
| Annualized volatility | 62.4% | 62.3% |
| Max drawdown (1Y) | -61.1% | -62.1% |
| Beta | 2.44 | 2.43 |
| Sharpe ratio | -0.46 | -0.52 |
| Sortino ratio | -0.69 | -0.79 |
| AlgovestIQ | ||
| AIQ Score | 39/100 | 42/100 |
| AIQ Edge Score | 2/10 | 2/10 |
| Momentum | 31/100 | 31/100 |
| Risk Resilience | 47/100 | 43/100 |
AlgovestIQ AIQ Comparison
Grayscale Ethereum Mini Trust ETF vs Grayscale Ethereum Staking ETF
ETHE leads
ETHE leads by 3 AIQ points, primarily on Value.
Fragile: 1 of 4 evidence groups support ETHE, and its current signal state is conflicted.
Grayscale Ethereum Mini Trust ETF
Grayscale Ethereum Staking ETF
The Algovestiq AIQ Score currently favors ETHE over ETH, 42 versus 39 as of Oct 21, 2026. ETHE's advantage is driven primarily by stronger value, while ETH holds the stronger risk resilience profile. ETHE also shows the weaker technical structure relative to its 50-day moving average. 1 of 4 covered evidence groups favor ETHE today, and the comparison is rated Fragile on stability: the AIQ gap is narrow at 3 points. ETHE lead: Stable — the AIQ differential has held near 3 points over 30 sessions.
Compare Grayscale Ethereum Mini Trust ETF and Grayscale Ethereum Staking ETF across performance, expense ratio, dividend yield, drawdown, volatility and the Algovestiq AIQ Score.
ETH vs ETHE: which fits what
Each row is settled by a single measure. Where the gap is too small to matter it reads Similar, and no row decides the comparison as a whole.
| If you want | ETH | ETHE | Fits |
|---|---|---|---|
| Lower costExpense ratio | 0.15% | 2.5% | ETH |
| Higher incomeTrailing 12-month distribution yield | 0.33% | 1.53% | ETHE |
| Smaller drawdownsMax drawdown, 1 year | -61.1% | -62.1% | Similar |
| Lower volatilityAnnualized volatility, 1 year | 62.4% | 62.3% | Similar |
Similar means the gap is within 0.01 percentage points of expense ratio, 25% more holdings, 3 points of top-10 weight, 0.2 points of yield, 2 points of drawdown or 1 point of volatility. Past drawdowns and volatility describe the funds’ history, not their future.
Performance over time
Total return with distributions reinvested, from daily closes for both ETFs.
Total return comparison
Growth of $10,000, distributions reinvested
Split-adjusted closes; each distribution is reinvested at the close on its ex-dividend date. Taxes and trading costs are not modeled.
Compare ETH and ETHE against another ticker
Open a multi-ticker workspace without changing this focused pair page.
AIQ Factor Divergence
Where the two separate, on the four dimensions behind the AIQ Score. Bars read outward from a shared zero: further from the centre is a wider gap.
- Value23 vs 34ETHE +11
- Risk Resilience47 vs 43ETH +4
- Quality58 vs 57Even
- Momentum31 vs 31Even
1 of 4 evidence groups favor ETHE. ETHE’s edge is concentrated in value; ETH keeps a meaningful risk resilience edge.
What changed since the last close
Latest scored session 2026-10-20, compared against the prior scored session 2026-10-19.
Largest factor move: Momentum +1, not enough on its own to move the overall score.
No signal started or stopped since the prior session; its 3 active signals are unchanged.
No factor moved materially.
No signal started or stopped since the prior session; its 3 active signals are unchanged.
ETHE's lead was unchanged in the latest session.
Deeper signal detail for each name lives on its own signals page — ETH and ETHE both carry a full feed there.
The central trade-off
ETHE (Grayscale Ethereum Staking ETF): the stronger current systematic profile, led by value.
ETH (Grayscale Ethereum Mini Trust ETF): the counter-case, on risk resilience.
Fund facts, side by side
Two funds tracking overlapping universes are separated by cost and risk far more than by holdings. Those lead here.
| Measure | ETH | ETHE | Why it matters |
|---|---|---|---|
| Expense ratio | 0.15% | 2.5% | Lower is better — it compounds against you every year you hold. |
| Holdings | 1 | 1 | More holdings means broader diversification, not better returns. |
| Average volume | 2,702,068 | 2,400,543 | Liquidity — matters most if you trade size. |
| Annualized volatility | 62.4% | 62.3% | Lower is a steadier ride for the same exposure. |
| Max drawdown (1Y) | -61.1% | -62.1% | The worst peak-to-trough loss over the past year. |
| Sharpe ratio | -0.46 | -0.52 | Return per unit of risk. Higher is better. |
| Beta | 2.44 | 2.43 | Sensitivity to the broad market. Neither direction is better — it depends on the role in your portfolio. |
ETH vs ETHE: five-year payout growth
ETH has no 2020-2025 growth rate to compare. ETHE began paying distributions in 2026, so it has no 2020-2025 growth rate to compare.
| Dividend metric | ETH | ETHE |
|---|---|---|
| Peer rank | not ranked | not ranked |
Split-adjusted annual distributions, 2020–2025. Research as of Sep 19, 2026. Yield and expense ratio above are current values, not part of this window.
AIQ Agreement Matrix
1 of 4 covered evidence groups favor ETHE. A wide gap backed by one group is a weaker case than a narrow gap backed by five.
| Evidence group | Favors | Reading |
|---|---|---|
| AIQ Score | Even | 39 vs 42 |
| Fundamentals | Not covered | Not covered |
| Valuation | ETHE | Value 23 vs 34 |
| Technicals | Even | Price vs 50-day 2% vs 1.8%; vs 200-day 10% vs 8.3% |
| Risk Resilience | ETH | Risk Resilience 47 vs 43 |
| Analyst expectations | Not covered | Not covered |
✓ agrees with the overall verdict · ✕ points the other way. Groups marked “not covered” lack data on one or both of ETH and ETHE and are excluded from the count.
AIQ Decision Stability
The conclusion is sensitive to small changes. Treat the lead as provisional and watch the flip conditions below.
- The AIQ gap is narrow at 3 points. (argues the conclusion is provisional)
- Only 1 of 4 covered evidence groups agree. (argues the conclusion is provisional)
- The lead has been steady session to session. (supports the conclusion holding)
- The leader is throwing conflicting signals. (argues the conclusion is provisional)
Stability combines the score gap, how broadly the evidence agrees, how steady the lead has been across daily snapshots, the current signal state on both names, and analyst dispersion on ETHE.
How the comparison changed
120 daily snapshots · Jun 21 – Oct 20ETHE lead: Stable — the AIQ differential has held near 3 points over 30 sessions.
- Today
- ETHE +3
- 39 vs 42
- 7 sessions ago
- ETHE +3
- 41 vs 44
- 30 sessions ago
- ETHE +2
- 49 vs 51
- 90 sessions ago
- ETHE +3
- 45 vs 48
The lead has not changed hands in this window.
AIQ Signal Divergence
Only the signals that bear on the head-to-head. A conflicted name is carrying bullish and bearish rules at the same time — the technical evidence is not pointing one way.
ETH and ETHE carry the same 3 signals, so the signals do not separate them: Bollinger Band Squeeze, Golden Cross Active, MACD Bearish Crossover.
ETHE leads the comparison while carrying a conflicted signal state, which is one reason the stability rating is not higher.
Price vs model alignment
Whether the latest session's price move confirms what the model did over the same session, or contradicts it.
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +2.45%, AIQ 0 points).
Neither the price nor the AIQ Score moved enough in the latest session to confirm or contradict the other (price +2.51%, AIQ 0 points).
What would flip this result
A state, not a forecast. These are the specific, observable changes that would reverse the verdict — not a price prediction.
- 1ETH closes the Value gap — currently 11 points behind, the largest single contributor to ETHE's edge.
- 2ETH's MACD Bearish Crossover resolves — a bearish momentum rule currently active against it.
- 3ETHE's conflicting signal state resolves bearish — it currently carries 1 bullish and 1 bearish rules at once.
- 4A regime shift changes factor weighting — Quality and Value carry the heaviest weights in the composite, so a rotation toward either would move the result most.
The full evidence
Every number behind the verdict. The leader is called above each group so you are not left to solve it from the table.
Fundamentals
Split| Metric | ETH | ETHE |
|---|---|---|
| Revenue growth (YoY) | 8% | 0% |
| EPS growth (YoY) | 100% | 0% |
| Gross margin | 61.2% | 0% |
| Operating margin | 7.8% | 0% |
| Return on equity (TTM) | 8.4% | 0% |
| Debt to equity | 0.26 | 0 |
Performance
ETH leads 6 of 6 windows| Metric | ETH | ETHE |
|---|---|---|
| 1 week (5 sessions) | -2.8% | -2.9% |
| 1 month (20 sessions) | -11.6% | -11.8% |
| 3 months (63 sessions) | 26.7% | 25.5% |
| 6 months (126 sessions) | 6.5% | 4.5% |
| Year to date | -17.2% | -19.9% |
| 1 year (252 sessions) | -36.2% | -38.7% |
Technicals
Split| Metric | ETH | ETHE |
|---|---|---|
| RSI (14) | 30.9 | 30.4 |
| ADX (14) | 26.8 | 26.7 |
| Price vs 50-day | 2% | 1.8% |
| Price vs 200-day | 10% | 8.3% |
| Volatility (1M, annualized) | 29.6% | 29.3% |
Risk
ETH is the more resilient| Metric | ETH | ETHE |
|---|---|---|
| Beta | 2.44 | 2.43 |
| Sharpe ratio | -0.46 | -0.52 |
| Sortino ratio | -0.69 | -0.79 |
| Max drawdown | -61.1% | -62.1% |
| Current drawdown | -39% | -41.2% |
| Annualized volatility | 62.4% | 62.3% |
| Value at risk (95%) | -5.7% | -5.7% |
Straight answers
Short answers to the questions fund investors ask about this pair, from the figures above.
Which has the lower expense ratio?
ETH has the lower expense ratio, 0.15% a year against 2.5% for ETHE.
Which ETF has the higher distribution yield?
ETHE, with a trailing 12-month distribution yield of 1.53% against 0.33% for ETH.
Which ETF has been more volatile?
Their volatility over the past year is similar: 62.4% annualized for ETH and 62.3% for ETHE.
Which ETF has had the smaller drawdown?
Their worst peak-to-trough falls over the past year are similar: -61.1% for ETH and -62.1% for ETHE.
Compare ETH and ETHE with others
Continue your research
This page answers which of the two. These answer the questions on either side of it.
How this comparison is scored
The Algovestiq AIQ Score composites four factors — Quality, Value, Momentum and Risk, each carrying a fixed weight. Sentiment is reported separately as SentimentPulse and is not folded into the composite. Scores refresh every trading day, and this page regenerates from the latest snapshot rather than being written once.
The verdict names a leader, states how broadly six independent evidence groups agree, and rates how durable that conclusion is given the score gap, its recent trajectory and the current signal state on both names.
How to use side-by-side comparison →This comparison is informational and educational, not investment advice. AIQ scores update daily; re-check after earnings, guidance or macro data that materially changes either name’s factor profile.