ETH vs FRMEP
Comparison between Grayscale Investments LLC (ETH, Company) and First Merchants Corp (FRMEP, Company).
ETH vs FRMEP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
ETH
$1.51B
Winner
FRMEP
$1.51B
Max Drawdown
ETH
67.52%
Winner
FRMEP
16.61%
Sharpe Ratio
ETH
-0.25
Winner
FRMEP
0.61
5Y Beta
ETH
N/A
FRMEP
-0.00
Industry
ETH
N/A
FRMEP
Banks - Regional
P/E Ratio
Winner
ETH
-29.81
FRMEP
6.50
PEG Ratio
ETH
N/A
FRMEP
0.20
Dividend Yield
ETH
N/A
FRMEP
5.65%
5Y EPS CAGR
ETH
N/A
FRMEP
7.78%
Debt to Equity
ETH
1.42%
Winner
FRMEP
0.00%
Free Cash Flow Yield
ETH
-61.65%
Winner
FRMEP
17.96%
ETH vs FRMEP - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ETH
+3.50%
FRMEP
+3.35%
3M
ETH
-20.94%
Winner
FRMEP
+0.87%
6M
ETH
-43.49%
Winner
FRMEP
+3.94%
1Y
ETH
-32.67%
Winner
FRMEP
+9.80%
5Y(CAGR)
ETH
N/A
FRMEP
+7.23%
Max(CAGR)
ETH
-29.34%
Winner
FRMEP
+7.23%
ETH vs FRMEP - Annual Returns (2022 - 2026)
Returns include dividend reinvestment.
| Year | ETH | FRMEP |
|---|---|---|
| 2026 | -43.77% | +4.51% |
| 2025 | -13.82% | +8.01% |
| 2024 | -3.70% | +10.36% |
| 2023 | N/A | +4.23% |
| 2022 | N/A | +2.51% |
ETH vs FRMEP Drawdown Comparison
The maximum drawdown for ETH was -67.52%, occurring on Jun 25, 2026. This drawdown has not yet recovered.
The maximum drawdown for FRMEP was -11.86%, occurring on May 8, 2023. Recovery took 347 trading sessions.
The current ETH drawdown is -63.63%.
| Rank | ETH | FRMEP |
|---|---|---|
| #1 | -67.52% Aug 22, 2025 - Jun 25, 2026 | -11.86% Aug 15, 2022 - Jan 2, 2024 |
| #2 | -64.01% Dec 6, 2024 - Aug 8, 2025 | -5.30% Apr 28, 2022 - Aug 1, 2022 |
| #3 | -36.09% Jul 23, 2024 - Nov 25, 2024 | -4.63% Jan 21, 2026 - Jul 8, 2026 |
| #4 | -12.85% Aug 13, 2025 - Aug 22, 2025 | -4.48% Feb 18, 2025 - Feb 28, 2025 |
| #5 | -5.38% Nov 25, 2024 - Nov 27, 2024 | -4.12% Jan 31, 2024 - May 7, 2024 |
| #6 | -1.63% Dec 4, 2024 - Dec 6, 2024 | -3.24% May 16, 2024 - Jul 26, 2024 |
| #7 | -1.28% Nov 27, 2024 - Dec 4, 2024 | -3.01% Nov 17, 2025 - Jan 13, 2026 |
| #8 | N/A | -2.92% Jan 29, 2024 - Jan 31, 2024 |
| #9 | N/A | -2.89% May 12, 2025 - Aug 19, 2025 |
| #10 | N/A | -2.84% Nov 1, 2024 - Jan 31, 2025 |
| #11 | N/A | -2.54% Feb 28, 2025 - Apr 28, 2025 |
| #12 | N/A | -2.25% Oct 16, 2025 - Oct 31, 2025 |
| #13 | N/A | -2.19% Jan 3, 2024 - Jan 12, 2024 |
| #14 | N/A | -1.98% Apr 30, 2025 - May 12, 2025 |
| #15 | N/A | -1.94% Jan 12, 2024 - Jan 22, 2024 |
Correlation
Correlation between ETH and FRMEP is -0.25 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.25
-101
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