Skip to content
etf.net

ETHA vs ETHV

iShares Ethereum Trust ETF

ETHABNasdaq

VanEck Ethereum ETF

ETHVBCboe

Overlap

Expense ratio

ETHV −0.05pt a year

ETHA0.25%ETHV0.20%

Avg volume · 30D

ETHA 268.2×the volume

ETHA11.6METHV43.3K

ETHA vs ETHV Performance

Oct 31, 2025 – Oct 30, 2026

−42.8%ETHA−42.6%ETHV

Oct 31, 2025 to Oct 30, 2026. ETHA −42.8%. ETHV −42.6%. Use the arrow keys to read each point.−60%−30%−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
ETHA 0.25%
ETHV 0.20%, better
Fund size
ETHA $6.98B
ETHV $101M
1Y total return
ETHA −42.8%
ETHV −42.6%, better
Holdings
ETHA 2
ETHV 1
Avg volume (30D)
ETHA 11.6M sh, better
ETHV 43.3K sh
NAV per share
ETHA $50.42
ETHV $32.56
52W range

ETF.net Grade

ETHA: Cost 30, Risk 38, Mission 100, Tradability 59, Holdings not scored, Durability 87. ETHV: Cost 70, Risk 38, Mission 100, Tradability 41, Holdings not scored, Durability 61.
Pillar letters and Scores for ETHA, ETHV, with each pillar’s weight
PillarETHAETHV
Cost30% weightD30A70Higher
Mission25% weightA100A100
Risk15% weightD38D38
Tradability15% weightB59HigherC41
Holdings10% weightNot scoredNot scored
Durability5% weightA87HigherB61

Rank among Spot Ether funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ETHA and ETHV are both graded against the same 11 Spot Ether funds, so their Grades compare head to head.

Spot Ether⁠

Category · 11 funds
See all 11 ›

ETHV ranks 3rd and ETHA 8th of 11 funds in the Spot Ether Category.

  1. Rank 1AETHGrayscale Ethereum Mini Trust ETFScore 83
  2. Rank 2AMSSEMorgan Stanley Ethereum TrustScore 77
  3. Rank 3BETHVVanEck Ethereum ETFScore 67
  4. Rank 4BETHWBitwise Ethereum ETFScore 66
  5. Rank 7BFETHFidelity Ethereum FundScore 59
  6. Rank 8BETHAiShares Ethereum Trust ETFScore 58
  7. Rank 9CQETHInvesco Galaxy Ethereum ETFScore 54

Our read on each fund

ETF.net Research

ETHABiShares Ethereum Trust ETF

ETHVBVanEck Ethereum ETF

In short

ETHA The iShares take on ether: hold the actual coin, track its price, skip the wallet and the seed phrase. Launched in 2024, it has grown into a multi-billion-dollar fund and one of the most heavily traded ways to own ether in a brokerage account.

ETHV A plain wrapper for spot ether: no overlay, no side strategy, just the coin's price minus a fee that undercuts the typical spot-ether fund. Part of the 2024 class that first brought ether into ordinary brokerage accounts.

Stated mandate

ETHA The fund seeks to track the price performance of ether, the native token of the Ethereum network.

ETHV The Trust passively seeks to track the price of Ether, less its operating expenses, without pursuing a separate investment strategy.

Why people hold it

  • ETHA Spot, not futures. The trust holds ether itself and tracks the ETHUSDNY reference rate, so there is no futures roll and no self-custody to manage.ishares.com
  • A multi-billion-dollar fund that trades very actively, which generally translates into tight spreads and easy entries and exits.
  • It has stayed tight to the ether price it targets. Tracking is the entire product here, and this one delivers it about as closely as the category gets.
  • The 0.25% fee is a fraction of what Grayscale's legacy ETHE trust (2.50%) charges for the same spot ether exposure.
  • ETHV Charges 0.20% a year against a 0.25% median for spot-ether funds. On a pure price tracker, the fee is one of the few levers an issuer actually controls.
  • Mechanically simple: a grantor trust holding ether that passively tracks the coin's price, less expenses, with no separate investment strategy layered on top.vaneck.com
  • Tracking has stayed tight to spot ether, and the fund sits in the upper half of its spot-ether peer group on our review.
  • Launched in 2024 alongside the first US spot-ether ETFs, so it has run through a full cycle of crypto's mood swings rather than arriving after the fact.

Worth knowing

  • ETHA That 0.25% sits right at the category median. The same ether exposure costs less at EZET (0.00%), ETH (0.15%) and ETHW (0.20%).
  • No income. The trust holds ether and nothing else, so it makes no distributions and moves with a notoriously volatile asset in both directions.
  • Short history: trading began in 2024, so the record does not yet span a full crypto cycle.
  • ETHV Ether swings hard, and this tracks it down as faithfully as up. The trust isn't built to pay income, so total return is price movement alone.
  • Trades moderately rather than heavily next to the category's largest funds, which can mean wider spreads, especially away from busy market hours.
  • Same coin, cheaper shelf-mates: ETH lists 0.15% and EZET 0.00%, so price isn't this fund's whole case.

Full ETHA profile⁠

Full ETHV profile⁠

ETHA vs ETHV Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ETHA vs ETHV Cost

Overpaying ETHA vs ETHV

$1,004

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ETHA 0.25%

    $5,159

  • ETHV 0.20%

    $4,155

$10,000
30 years

Cost over time

  • ETHA 0.25%
  • ETHV 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530ETHA $5,159ETHV $4,155

Year by year

YearETHAETHVOverpaying
10$455$365$90
20$1,769$1,421$348
30$5,159$4,155$1,004

Expense ratio

  • 0.25%ETHA
  • 0.20%ETHV, cheaper
  • Middle half of Spot Ether funds
  • Median 0.21%

ETHV 4th cheapest of 11 funds

ETHA 7th cheapest of 11 funds

ETHA vs ETHV Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
ETHA None
ETHV None

Distribution history

ETHAAll ETHA payments⁠

No distribution history available.

ETHVAll ETHV payments⁠

No distribution history available.

ETHA vs ETHV Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ETHA 75.4%since Aug 2024ETHV 75.4%since Aug 2024Same figure. Both funds show the same value, so neither comes out ahead.
Return per unit of riskSharpe ratio, 3 years
ETHA 0.06since Aug 2024ETHV 0.06since Aug 2024Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
ETHA −67.9%since Jul 2024ETHV −67.9%since Jul 2024Same figure. Both funds show the same value, so neither comes out ahead.
Market sensitivityBeta, 5 years
ETHA 2.54ETHV 2.55

ETHA and ETHV in the news

All news⁠

Popular comparisons

  • ETHABvsETHA

    iShares Ethereum Trust ETF · Grayscale Ethereum Mini Trust ETF

    Expense ratio
    0.25% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHVBvsETHA

    VanEck Ethereum ETF · Grayscale Ethereum Mini Trust ETF

    Expense ratio
    0.20% · 0.15%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHABvsMSSEA

    iShares Ethereum Trust ETF · Morgan Stanley Ethereum Trust

    Expense ratio
    0.25% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHVBvsMSSEA

    VanEck Ethereum ETF · Morgan Stanley Ethereum Trust

    Expense ratio
    0.20% · 0.14%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHABvsETHWB

    iShares Ethereum Trust ETF · Bitwise Ethereum ETF

    Expense ratio
    0.25% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • ETHVBvsETHWB

    VanEck Ethereum ETF · Bitwise Ethereum ETF

    Expense ratio
    0.20% · 0.20%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.