21shares Core Ethereum ETF

10-Year Study

CETH.US · · US · ETF

Executive Summary: 21shares Core Ethereum ETF has compounded at 37.8% annually over the last 10 years, with a maximum drawdown of 99.3% and an annualized volatility of 589.8%.

1Y CAGR
-9.1%
3Y CAGR
+368.5%
5Y CAGR
+49.9%
10Y CAGR
+37.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
99.3%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
1423.46
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
95281.71
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
4080.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · +11829.2%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -78.4%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
40%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-9.8-28.2-98.37262.5————————-20.5%
2025-0.7-33.2-17.6-2.344.1-2.248.316.2-4.1-6.8-21.8-2.1-11.2%
2024-3.6-11.14.2-8.021.87.110790.1-23.33.6-3.443.0-6.911829.2%
20230.0-4.533.4-10.74.0-3.8-12.04.526.1-10.4-7.716.727.3%
202218.223.19.414.3-32.50.0-11.1-4.2-4.44.50.0-4.40.0%
202198.042.694.4-37.5-8.019.3-6.27.8-80.7-41.3-47.7-4.4-78.4%
20200.05.3-10.03.7-3.63.70.021.4-11.820.09.729.179.0%
2019-3.112.9-14.310.0-4.5-9.50.05.3-3.35.2-1.6-5.0-10.9%
20180.0-5.8-6.20.00.05.30.0-2.50.0-5.1-18.96.7-25.6%
2017-1.2-1.23.77.1-5.60.0-5.97.514.09.2-15.9-4.43.6%
2016———16.70.0-8.2-8.912.2-5.41.26.8-11.7-1.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 589.8%. The dominant macroeconomic risk driver is SHV.US, accounting for 77.6% of variance. Idiosyncratic stock-specific factors contribute 7.5%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0111667.857993805099
2016-05-0111667.857993805099
2016-06-0110714.796283059326
2016-07-019761.734572313557
2016-08-0110953.061710745771
2016-09-0110357.398141529664
2016-10-0110476.530855372885
2016-11-0111191.327138432212
2016-12-019880.867286156777
2017-01-019761.734572313557
2017-02-019642.601858470336
2017-03-0110000
2017-04-0110714.796283059326
2017-05-0110119.132713843223
2017-06-0110119.132713843223
2017-07-019523.469144627115
2017-08-0110238.265427686443
2017-09-0111667.857993805099
2017-10-0112737.669764117225
2017-11-0110714.796283059326
2017-12-0110238.265427686443
2018-01-0110238.265427686443
2018-02-019642.601858470336
2018-03-019046.938289254229
2018-04-019046.938289254229
2018-05-019046.938289254229
2018-06-019523.469144627115
2018-07-019523.469144627115
2018-08-019285.20371694067
2018-09-019285.20371694067
2018-10-018811.055515844651
2018-11-017143.197522039552
2018-12-017619.728377412437
2019-01-017381.462949725996
2019-02-018334.524660471765
2019-03-017143.197522039552
2019-04-017857.993805098879
2019-05-017500.595663569216
2019-06-016785.799380509889
2019-07-016785.799380509889
2019-08-017143.197522039552
2019-09-016904.932094353109
2019-10-017262.330235882773
2019-11-017143.197522039552
2019-12-016785.799380509889
2020-01-016785.799380509889
2020-02-017143.197522039552
2020-03-016428.401238980224
2020-04-016666.666666666666
2020-05-016428.401238980224
2020-06-016666.666666666666
2020-07-016666.666666666666
2020-08-018096.259232785323
2020-09-017143.197522039552
2020-10-018572.790088158208
2020-11-019404.336430783893
2020-12-0112144.388849177985
2021-01-0124048.12961639266
2021-02-0134286.39504407911
2021-03-0166669.04932094352
2021-04-0141667.85799380509
2021-05-0138334.52466047176
2021-06-0145715.98761019776
2021-07-0142859.185132237304
2021-08-0146192.51846557065
2021-09-018930.188229687872
2021-10-015239.456754824875
2021-11-012737.6697641172264
2021-12-012618.537050274005
2022-01-013095.06790564689
2022-02-013809.8641887062186
2022-03-014167.2623302358825
2022-04-014762.925899451989
2022-05-013214.200619490112
2022-06-013214.200619490112
2022-07-012856.802477960448
2022-08-012737.6697641172264
2022-09-012618.537050274005
2022-10-012737.6697641172264
2022-11-012737.6697641172264
2022-12-012618.537050274005
2023-01-012618.537050274005
2023-02-012499.4043364307836
2023-03-013333.333333333333
2023-04-012975.935191803669
2023-05-013095.06790564689
2023-06-012975.935191803669
2023-07-012618.537050274005
2023-08-012737.6697641172264
2023-09-013452.4660471765546
2023-10-013095.06790564689
2023-11-012856.802477960448
2023-12-013333.333333333333
2024-01-013214.200619490112
2024-02-012856.802477960448
2024-03-012975.935191803669
2024-04-012737.6697641172264
2024-05-013333.333333333333
2024-06-013571.598761019776
2024-07-01388949.24946390284
2024-08-01298348.82058613293
2024-09-01309063.6168691923
2024-10-01298587.08601381944
2024-11-01426926.37598284485
2024-12-01397638.7896116273
2025-01-01395020.2525613533
2025-02-01263824.1601143674
2025-03-01217510.12628067666
2025-04-01212511.31760781512
2025-05-01306325.94710507506
2025-06-01299540.1477245651
2025-07-01444307.8389325709
2025-08-01516454.61043602566
2025-09-01495263.28329759353
2025-10-01461453.4191088873
2025-11-01360733.8575172742
2025-12-01353114.1291398618
2026-01-01318560.87681677385
2026-02-01228734.810578985
2026-03-013812.246842983083
2026-04-01280676.6738146295
Annual Return Matrix
YearAnnual Return
20170.03617072582589831
2018-0.25575983244123823
2019-0.10944340212632886
20200.789676966292135
2021-0.7843829703747303
20220
20230.2729754322111011
2024118.29163688348821
2025-0.11197262851356293
2026-0.20513893199821864
Total Factor Risk
5.897871251287202
VTI.US Exposure
0.031017935542373785
VEA.US Exposure
0.023083468967233074
VWO.US Exposure
0.00675323592894125
QQQ.US Exposure
0.00523286339514897
VTV.US Exposure
-0.00001798846321622292
IJR.US Exposure
-0.00035764337282237333
QUAL.US Exposure
0.05009411656801721
SHV.US Exposure
0.7758718008054235
TLT.US Exposure
0.004941108591804021
LQD.US Exposure
0.010166980973637595
HYG.US Exposure
0.003763740479823236
GLD.US Exposure
-0.00003442436280174199
USO.US Exposure
0.00036812274764618945
VNQ.US Exposure
0.004556394612860965
BTC-USD.CC Exposure
0.00002518933730485812
CPER.US Exposure
0.002204496170648118
VIX.INDX Exposure
0.0007369478074966927
UUP.US Exposure
0.00655641793689933
TIP.US Exposure
-0.000018243079741492707
Idiosyncratic Exposure
0.07505547941332313
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
589.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$299
Avg Yield on Cost
2.99%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$298.552.99%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+22.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-24.2%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
51.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is 21shares Core Ethereum ETF a high-risk investment?

21shares Core Ethereum ETF (CETH.US) has an annualized volatility of 589.8% and experienced a maximum drawdown of 99.3% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of CETH.US?

Over the past 10 years, CETH.US has generated a Compound Annual Growth Rate (CAGR) of 37.8%. It has had a positive return in 40% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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