Grayscale Ethereum Mini Trust (ETH)

10-Year Study

ETH.US · · US · ETF

Executive Summary: Grayscale Ethereum Mini Trust (ETH) has compounded at -16.6% annually over the last 10 years, with a maximum drawdown of 55.5% and an annualized volatility of 331.1%.

1Y CAGR
-8.2%
3Y CAGR
-16.6%
5Y CAGR
-16.6%
10Y CAGR
-16.6%

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 →
55.5%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.06
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.12
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
77.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +-10.9%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -20.2%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
0%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-9.9-28.09.112.8————————-20.2%
2025-0.7-33.1-17.7-2.344.0-2.148.316.2-4.2-6.6-21.8-2.0-10.9%
2024———————-23.43.4-3.343.4-6.92.2%

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 331.1%. The dominant macroeconomic risk driver is SHV.US, accounting for 90.2% of variance. Idiosyncratic stock-specific factors contribute 0.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2024-07-0110000
2024-08-017662.337975993416
2024-09-017922.07799446002
2024-10-017662.337975993416
2024-11-0110987.013308711195
2024-12-0110224.026152970602
2025-01-0110149.350975070087
2025-02-016792.207985226717
2025-03-015590.909006463312
2025-04-015464.285824869474
2025-05-017870.129990766699
2025-06-017701.298669128881
2025-07-0111418.830857186029
2025-08-0113272.727948293512
2025-09-0112720.779634965664
2025-10-0111879.87047368509
2025-11-019295.454503231656
2025-12-019110.38966266557
2026-01-018207.792634042335
2026-02-015909.091055463593
2026-03-016448.052107775108
2026-04-017272.727452878269
Annual Return Matrix
YearAnnual Return
2025-0.10892347825044102
2026-0.2017106049061821
Total Factor Risk
3.310558077900261
VTI.US Exposure
0.042219180807543645
VEA.US Exposure
0.0047429500942682236
VWO.US Exposure
0.01520037876127115
QQQ.US Exposure
-0.01830867478929025
VTV.US Exposure
0.007885001012970374
IJR.US Exposure
0.010063574920478241
QUAL.US Exposure
0.014893941998098207
SHV.US Exposure
0.9018270309983525
TLT.US Exposure
0.0040778344747023085
LQD.US Exposure
0.00004243576008462421
HYG.US Exposure
-0.0020986942911880653
GLD.US Exposure
0.0018682504619748094
USO.US Exposure
-0.000004764135676553829
VNQ.US Exposure
-0.0016402482109046138
BTC-USD.CC Exposure
0.014106886303823968
CPER.US Exposure
-0.0008838602254145843
VIX.INDX Exposure
0.00462747021509471
UUP.US Exposure
-0.00007080581499076827
TIP.US Exposure
0.0002641266515961247
Idiosyncratic Exposure
0.0011879850072060076
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
331.1%

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
$0
Avg Yield on Cost
0.00%

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 →
+13.2%
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 →
-26.1%
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 →
50.8% 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 Grayscale Ethereum Mini Trust (ETH) a high-risk investment?

Grayscale Ethereum Mini Trust (ETH) (ETH.US) has an annualized volatility of 331.1% and experienced a maximum drawdown of 55.5% over the last 10 years. Its primary macro risk driver is SHV.US.

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

Over the past 10 years, ETH.US has generated a Compound Annual Growth Rate (CAGR) of -16.6%. It has had a positive return in 0% 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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