SMHB vs QETH

Comparison between UBS AG London Branch (SMHB, ETF) and Invesco Galaxy Ethereum ETF (QETH, ETF).

SMHB vs QETH - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMHB(ETF)	QETH(ETF)
Net Assets	$21M	$21M
Expense Ratio	N/A	0.25%
Max Drawdown	92.37%	67.51%
Sharpe Ratio	0.37	-0.45
5Y Beta	1.51	2.12
5Y Dividends CAGR	-3.74%	N/A

Net Assets

SMHB

$21M

QETH

$21M

Expense Ratio

SMHB

N/A

QETH

0.25%

Max Drawdown

SMHB

92.37%

Winner

QETH

67.51%

Sharpe Ratio

Winner

SMHB

0.37

QETH

-0.45

5Y Beta

Winner

SMHB

1.51

QETH

2.12

5Y Dividends CAGR

SMHB

-3.74%

QETH

N/A

SMHB vs QETH - Historical Returns

Returns include dividend reinvestment.

Period	SMHB	QETH
1 month	-0.86%	-33.64%
3 months	+1.84%	-24.72%
6 months	+4.64%	-47.96%
1 year	+13.84%	-37.80%
5 years(CAGR)	-5.71%	N/A
Max(CAGR)	-6.51%	-34.58%

Winner

SMHB

-0.86%

QETH

-33.64%

Winner

SMHB

+1.84%

QETH

-24.72%

Winner

SMHB

+4.64%

QETH

-47.96%

Winner

SMHB

+13.84%

QETH

-37.80%

5Y(CAGR)

SMHB

-5.71%

QETH

N/A

Max(CAGR)

Winner

SMHB

-6.51%

QETH

-34.58%

SMHB vs QETH - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	SMHB	QETH
2026	+5.89%	-49.52%
2025	-8.10%	-14.32%
2024	-16.10%	-3.58%
2023	+32.71%	N/A
2022	-37.87%	N/A
2021	+71.88%	N/A
2020	-41.27%	N/A
2019	+8.23%	N/A
2018	-24.78%	N/A

SMHB vs QETH Drawdown Comparison

The maximum drawdown for SMHB was -90.28%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The maximum drawdown for QETH was -67.51%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current SMHB drawdown is -39.86%. The current QETH drawdown is -67.51%.

Rank	SMHB	QETH
#1	-90.28% Nov 14, 2018 - Mar 18, 2020	-67.51% Aug 22, 2025 - Jun 5, 2026
#2	N/A	-64.07% Dec 6, 2024 - Aug 11, 2025
#3	N/A	-35.81% Jul 23, 2024 - Nov 25, 2024
#4	N/A	-12.80% Aug 13, 2025 - Aug 22, 2025
#5	N/A	-5.17% Nov 25, 2024 - Nov 27, 2024
#6	N/A	-1.80% Dec 4, 2024 - Dec 6, 2024
#7	N/A	-1.40% Nov 27, 2024 - Dec 4, 2024