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MSSE vs TETH

Morgan Stanley Ethereum Trust

MSSEANYSE Arca

21Shares Ethereum ETF

TETHBCboe

Overlap

Expense ratio

MSSE −0.07pt a year

MSSE0.14%TETH0.21%

Avg volume · 30D

TETH 8.5×the volume

MSSE137KTETH1.17M

MSSE vs TETH Performance

Aug 7, 2026 – Nov 9, 2026

+11.1%MSSE+11.2%TETH

Aug 7, 2026 to Nov 9, 2026. MSSE +11.1%. TETH +11.2%. Use the arrow keys to read each point.0%20%30%40%Aug 2026Sep 2026Nov 2026
Expense ratio
MSSE 0.14%, better
TETH 0.21%
Fund size
MSSE $51M
TETH $25M
1Y total return
MSSE No data
TETH −38.3%
Holdings
MSSE 1
TETH 1
Avg volume (30D)
MSSE 137K sh
TETH 1.17M sh, better
NAV per share
MSSE $23.99
TETH $11.14
52W range

ETF.net Grade

MSSE: Cost 96, Risk 95, Mission not scored, Tradability 37, Holdings 100, Durability 31. TETH: Cost 52, Risk 39, Mission 100, Tradability 41, Holdings 100, Durability 29.
Pillar letters and Scores for MSSE, TETH, with each pillar’s weight
PillarMSSETETH
Cost30% weightA96HigherC52
Mission25% weightNot scoredA100
Risk15% weightA95HigherD39
Tradability15% weightD37C41Higher
Holdings10% weightA100A100
Durability5% weightD31HigherD29

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. MSSE and TETH 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 ›

MSSE ranks 2nd and TETH 6th of 11 funds in the Spot Ether Category.

  1. Rank 1AETHGrayscale Ethereum Mini Trust ETFScore 82
  2. Rank 2AMSSEMorgan Stanley Ethereum TrustScore 77
  3. Rank 3BETHVVanEck Ethereum ETFScore 68
  4. Rank 5BEZETFranklin Ethereum ETFScore 63
  5. Rank 6BTETH21Shares Ethereum ETFScore 60
  6. Rank 7BETHAiShares Ethereum Trust ETFScore 59

MSSE vs TETH 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.

MSSE vs TETH Cost

Overpaying TETH vs MSSE

$1,425

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

  • MSSE 0.14%

    $2,932

  • TETH 0.21%

    $4,357

$10,000
30 years

Cost over time

  • MSSE 0.14%
  • TETH 0.21%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530TETH $4,357MSSE $2,932

Year by year

YearMSSETETHOverpaying
10$256$383$127
20$1,000$1,491$491
30$2,932$4,357$1,425

Expense ratio

  • 0.14%MSSE, cheaper
  • 0.21%TETH
  • Middle half of Spot Ether funds
  • Median 0.21%

MSSE cheapest of 11 funds

TETH 6th cheapest of 11 funds

MSSE vs TETH Dividends

Last 12 months to Nov 9, 2026
Last payment
MSSE $0.05
TETH $0.03
Ex-dividend
MSSE Nov 4, 2026
TETH Sep 29, 2026
Paid on
MSSE Nov 5, 2026
TETH Sep 30, 2026
Frequency
MSSE Irregular
TETH Quarterly

Distribution history

Per share, 2026, same scale for both

MSSEIrregular · 1 paymentAll MSSE payments⁠
One bar per payment. 1 payment in 2026 YTD. Nov 4, 2026 $0.05. Use the arrow keys to read each point.$0$0.052026YTD
TETHQuarterly · 4 paymentsAll TETH payments⁠
One bar per payment. 4 payments in 2026 YTD. Jan 8, 2026 $0.01; Mar 30, 2026 $0.01; Jun 29, 2026 $0.009; Sep 29, 2026 $0.03. Use the arrow keys to read each point.$0$0.052026YTD

MSSE vs TETH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
MSSE No dataTETH 59.5%since Aug 2025
Return per unit of riskSharpe ratio, 3 years
MSSE No dataTETH −0.46since Aug 2025
Worst fallMax drawdown, 5 years
MSSE No dataTETH −67.7%since Jul 2025
Market sensitivityBeta, 5 years
MSSE 0.00TETH 2.62

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