ETHE vs VOO
Grayscale Ethereum Staking ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ETHE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.50% | 0.03% | |
| AUM | $1.5B | $979.0B | |
| Dividend Yield | 1.50% | 1.09% | |
| Holdings | 1 | 509 | |
| YTD Return | -40.48% | +13.79% | |
| 1Y Return | -56.73% | +23.01% | |
| 3Y Return (annualized) | +14.77% | +21.78% | |
| 5Y Return (annualized) | -10.36% | +13.39% | |
| Volatility (annualized) | 112.7% | 14.1% | |
| Max Drawdown | -96.3% | -34.3% | |
| Fund Family | Grayscale | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Dec 14, 2017 | Sep 7, 2010 |
ETHE vs VOO Performance
Grayscale Ethereum Staking ETF (ETHE) is a ETF from Grayscale and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ETHE returned -56.73% while VOO returned +23.01%. Year to date, ETHE is down 40.48% versus a gain of 13.79% for VOO.
Over three years, ETHE compounded at +14.77% per year against +21.78% for VOO; over five years the annualized figures are -10.36% and +13.39% respectively. Across the full 7-year window we track, VOO has the edge at +13.57% annualized vs -8.91%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETHE has been the more volatile fund, with annualized monthly volatility of 112.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -96.3% for ETHE and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETHE charges 2.50% per year while VOO charges 0.03%. On a $10,000 position that is $250 vs $3 annually, a gap of $247 per year that compounds over a long holding period. On income, ETHE currently yields 1.50% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, ETHE or VOO?
ETHE has an expense ratio of 2.50% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $247 per year of difference.
Which performed better, ETHE or VOO?
Over the past year ETHE returned -56.73% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (7 years), ETHE annualized -8.91% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, ETHE or VOO?
ETHE has been the more volatile fund at 112.7% annualized versus 14.1% for VOO. Worst drawdown: ETHE -96.3% vs VOO -34.3%.
Should I hold both ETHE and VOO?
ETHE and VOO have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ETHE or VOO?
ETHE yields 1.50% while VOO yields 1.09%, so ETHE currently pays the higher dividend yield.
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