Bitwise Ethereum ETF (ETHW) — Stock Correlations & Overview
Over the past year, ETHW has moved most closely with FETH, ETH, ETHE. Explore the stocks most correlated and inversely correlated with ETHW below, along with its price, financials, and company profile.
Stocks correlated with ETHW
Correlation of daily returns. Higher positive values move with ETHW; negative values move opposite it. Informational only, not investment advice.
Most correlated with ETHW
| Symbol | Company | Correlation |
|---|---|---|
| FETH | Fidelity Ethereum FundFINANCE SERVICES | 1.00 |
| ETH | Grayscale Ethereum Staking Mini ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| ETHE | Grayscale Ethereum Staking ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| EZET | Franklin Ethereum ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
| TETH | 21Shares Ethereum Staking ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 1.00 |
Frequently asked questions about ETHW correlations
- Which stocks are most correlated with ETHW?
- Based on one year of daily returns, the stocks most correlated with Bitwise Ethereum ETF (ETHW) are FETH (1.00), ETH (1.00) and ETHE (1.00). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ETHW?
- Over the past year, the stocks most inversely correlated with Bitwise Ethereum ETF (ETHW) are ETHD (-0.99), SETH (-0.99) and BTCZ (-0.92). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ETHW correlations calculated?
- We compute the correlation of daily returns between ETHW and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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