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ETHV vs EZET

VanEck Ethereum ETF

ETHVBCboe

Franklin Ethereum ETF

EZETBCboe

Overlap

Expense ratio

EZET −0.01pt a year

ETHV0.20%EZET0.19%

Avg volume · 30D

EZET 1.1×the volume

ETHV43.3KEZET47.3K

ETHV vs EZET Performance

Oct 31, 2025 – Oct 30, 2026

−42.6%ETHV−42.6%EZET

Oct 31, 2025 to Oct 30, 2026. ETHV −42.6%. EZET −42.6%. Use the arrow keys to read each point.−60%−30%−20%−10%0%Oct 2025Apr 2026Oct 2026
Expense ratio
ETHV 0.20%
EZET 0.19%, better
Fund size
ETHV $101M
EZET $45M
1Y total return
ETHV −42.6%
EZET −42.6%
Holdings
ETHV 1
EZET 1
Avg volume (30D)
ETHV 43.3K sh
EZET 47.3K sh, better
NAV per share
ETHV $32.56
EZET $16.88
52W range

ETF.net Grade

ETHV: Cost 70, Risk 38, Mission 100, Tradability 41, Holdings not scored, Durability 61. EZET: Cost 70, Risk 38, Mission 100, Tradability 20, Holdings not scored, Durability 45.
Pillar letters and Scores for ETHV, EZET, with each pillar’s weight
PillarETHVEZET
Cost30% weightA70A70
Mission25% weightA100A100
Risk15% weightD38D38
Tradability15% weightC41HigherF20
Holdings10% weightNot scoredNot scored
Durability5% weightB61HigherC45

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. ETHV and EZET 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 EZET 5th 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 5BEZETFranklin Ethereum ETFScore 63
  6. Rank 6BTETH21Shares Ethereum ETFScore 62

Our read on each fund

ETF.net Research

ETHVBVanEck Ethereum ETF

EZETBFranklin Ethereum ETF

In short

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.

EZET One of the nine spot ether funds that opened the category on July 23, 2024. Franklin holds the coin directly at Coinbase Custody and charges 0.19%, mid-pack pricing from a 75-year-old fund house.

Stated mandate

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

EZET The fund is described as an actively managed exchange-traded fund.

Why people hold it

  • 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.
  • EZET Plain plumbing: the trust holds ether itself, custodied by Coinbase, with share value struck off the CME CF Ether-Dollar Reference Rate.franklintempleton.com
  • At 0.19% it sits mid-pack: below ETHV and ETHW at 0.20%, TETH at 0.21% and ETHA at 0.25%, above ETH at 0.15% and MSSE at 0.14%.
  • Day-one vintage. It listed on Cboe BZX with the first US spot ether cohort in July 2024 and sits in the upper half of that peer group.sec.gov

Worth knowing

  • 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.
  • EZET It trades far less than the category's largest ether funds, which can mean wider spreads and more price impact on bigger orders.
  • No cash yield: the grantor trust simply holds ether and has paid no distributions, so return tracks the ether price less the 0.19% fee.
  • Ether is volatile and the fund does nothing to cushion that; it carries the full move in either direction.

Full ETHV profile⁠

Full EZET profile⁠

ETHV vs EZET 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.

ETHV vs EZET Cost

Overpaying ETHV vs EZET

$203

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

  • ETHV 0.20%

    $4,155

  • EZET 0.19%

    $3,952

$10,000
30 years

Cost over time

  • ETHV 0.20%
  • EZET 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530ETHV $4,155EZET $3,952

Year by year

YearETHVEZETOverpaying
10$365$347$18
20$1,421$1,351$70
30$4,155$3,952$203

Expense ratio

  • 0.20%ETHV
  • 0.19%EZET, cheaper
  • Middle half of Spot Ether funds
  • Median 0.21%

EZET 3rd cheapest of 11 funds

ETHV 4th cheapest of 11 funds

ETHV vs EZET Dividends

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

Distribution history

ETHVAll ETHV payments⁠

No distribution history available.

EZETAll EZET payments⁠

No distribution history available.

ETHV vs EZET Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

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

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