ETHA vs PZA
Comparison between iShares Ethereum Trust (The) (ETHA, ETF) and INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF).
ETHA vs PZA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ETHA
$4.30B
PZA
$4.30B
Expense Ratio
Winner
ETHA
0.25%
PZA
0.28%
Max Drawdown
ETHA
67.91%
Winner
PZA
27.00%
Sharpe Ratio
ETHA
-0.37
Winner
PZA
1.17
5Y Beta
ETHA
2.13
Winner
PZA
0.05
5Y Dividends CAGR
ETHA
N/A
PZA
6.11%
ETHA vs PZA - Historical Returns
Returns include dividend reinvestment.
1M
Winner
ETHA
+5.52%
PZA
+0.27%
3M
ETHA
-19.20%
Winner
PZA
+1.42%
6M
ETHA
-41.52%
Winner
PZA
+2.00%
1Y
ETHA
-37.01%
Winner
PZA
+9.20%
5Y(CAGR)
ETHA
N/A
PZA
-0.16%
10Y(CAGR)
ETHA
N/A
PZA
+1.76%
Max(CAGR)
ETHA
-25.87%
Winner
PZA
+3.24%
ETHA vs PZA - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | ETHA | PZA |
|---|---|---|
| 2026 | -38.42% | +2.44% |
| 2025 | -14.39% | +1.38% |
| 2024 | -3.62% | +0.81% |
| 2023 | N/A | +7.75% |
| 2022 | N/A | -13.00% |
| 2021 | N/A | +2.26% |
| 2020 | N/A | +4.91% |
| 2019 | N/A | +8.48% |
| 2018 | N/A | +0.07% |
| 2017 | N/A | +6.78% |
| 2016 | N/A | +0.62% |
| 2015 | N/A | +3.65% |
| 2014 | N/A | +15.05% |
| 2013 | N/A | -6.96% |
| 2012 | N/A | +9.84% |
| 2011 | N/A | +13.58% |
| 2010 | N/A | -0.41% |
| 2009 | N/A | +17.92% |
| 2008 | N/A | -12.12% |
| 2007 | N/A | +0.75% |
ETHA vs PZA Drawdown Comparison
The maximum drawdown for ETHA was -67.91%, occurring on Jun 25, 2026. This drawdown has not yet recovered.
The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.
The current ETHA drawdown is -60.32%. The current PZA drawdown is -0.87%.
| Rank | ETHA | PZA |
|---|---|---|
| #1 | -67.91% Aug 22, 2025 - Jun 25, 2026 | -24.48% Jan 17, 2008 - Sep 11, 2009 |
| #2 | -64.02% Dec 6, 2024 - Aug 8, 2025 | -21.69% Mar 9, 2020 - Dec 7, 2020 |
| #3 | -35.86% Jul 23, 2024 - Nov 25, 2024 | -18.55% Jul 19, 2021 - Oct 25, 2022 |
| #4 | -12.81% Aug 13, 2025 - Aug 22, 2025 | -12.46% Nov 30, 2012 - Jul 14, 2014 |
| #5 | -5.45% Nov 25, 2024 - Nov 27, 2024 | -11.77% May 10, 2010 - Aug 3, 2011 |
| #6 | -1.79% Dec 4, 2024 - Dec 6, 2024 | -7.07% Jul 8, 2016 - Aug 29, 2017 |
| #7 | -1.49% Nov 27, 2024 - Dec 4, 2024 | -4.07% Oct 1, 2009 - Apr 27, 2010 |
| #8 | N/A | -3.43% Feb 2, 2015 - Nov 19, 2015 |
| #9 | N/A | -2.99% Dec 29, 2017 - Jan 2, 2019 |
| #10 | N/A | -2.99% Oct 24, 2007 - Jan 2, 2008 |
| #11 | N/A | -2.80% Feb 10, 2021 - May 28, 2021 |
| #12 | N/A | -2.29% Sep 22, 2011 - Dec 14, 2011 |
| #13 | N/A | -1.72% Sep 3, 2019 - Jan 6, 2020 |
| #14 | N/A | -1.72% Oct 15, 2014 - Dec 12, 2014 |
| #15 | N/A | -1.58% Feb 2, 2012 - Apr 13, 2012 |
Correlation
Correlation between ETHA and PZA is -0.38 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.38
-101
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