ETHU vs ZNOV
2x Ether ETF vs Innovator Equity Defined Protection ETF - 1 Yr November
Which is better, ETHU or ZNOV?
ZNOV has been ahead.
ZNOV has a lower expense ratio. ZNOV led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ETHU | ZNOV |
|---|---|---|
| Expense Ratio | 2.97% | 0.79%Best |
| AUM | $1.1B | $105M |
| Dividend Yield | 1.52% | 0.00% |
| Holdings | 4 | 15 |
| YTD Return | -59.38% | +5.16%Best |
| 1Y Return | -79.97% | +6.13%Best |
| Volatility (annualized) | 151.1% | 2.7%Best |
| Max Drawdown | -95.4% | -3.3%Best |
| $10,000 over 1.9 years | $2,509 | $11,225Best |
| Fund Family | Volatility Shares, LLC | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jun 4, 2024 | Nov 1, 2024 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 1, 2024 to Oct 14, 2026 (1.9 years).
ETHU vs ZNOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ETHU vs ZNOV Performance
2x Ether ETF (ETHU) is an ETF from Volatility Shares, LLC and Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) is an ETF from Innovator ETFs Trust. Over the past year ETHU returned -79.97% while ZNOV returned +6.13%. Year to date, ETHU is down 59.38% versus a gain of 5.16% for ZNOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ETHU has been the more volatile fund, with annualized monthly volatility of 151.1% compared with 2.7% for ZNOV. 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 -95.4% for ETHU and -3.3% for ZNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.33. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ETHU charges 2.97% per year while ZNOV charges 0.79%. On a $10,000 position that is $297 vs $79 annually, a gap of $218 per year that compounds over a long holding period. On income, ETHU currently yields 1.52% against 0.00% for ZNOV.
You are not choosing between two funds in isolation.
Whichever of ETHU and ZNOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ETHU or ZNOV?
ETHU has an expense ratio of 2.97% while ZNOV charges 0.79%. ZNOV is the cheaper option, by $218 a year on a $10,000 investment.
Which performed better, ETHU or ZNOV?
Over the past year ETHU returned -79.97% vs +6.13% for ZNOV, so ZNOV leads on 1-year performance. Over the longest common window we track (2 years), ETHU annualized -51.70% vs +6.27% for ZNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ETHU or ZNOV?
ETHU has been the more volatile fund at 151.1% annualized versus 2.7% for ZNOV. Worst drawdown: ETHU -95.4% vs ZNOV -3.3%.
Should I hold both ETHU and ZNOV?
ETHU and ZNOV have a monthly-return correlation of 0.33, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ETHU or ZNOV?
ETHU yields 1.52% while ZNOV yields 0.00%, so ETHU currently pays the higher dividend yield.
Is ZNOV better than ETHU?
ZNOV has a lower expense ratio. ZNOV led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.