TRFM vs ETHW

Comparison between AAM TRANSFORMERS ETF (TRFM, ETF) and Bitwise Ethereum ETF (The) (ETHW, ETF).

TRFM vs ETHW - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TRFM(ETF)	ETHW(ETF)
Net Assets	$213M	$214M
Expense Ratio	0.49%	N/A
Max Drawdown	28.40%	67.57%
Sharpe Ratio	1.73	-0.28
5Y Beta	1.45	2.14
P/E Ratio	79.20	N/A
Forward P/E	29.49	N/A
PEG Ratio	0.11	N/A
5Y EPS CAGR	17.14%	N/A

Net Assets

TRFM

$213M

Winner

ETHW

$214M

Expense Ratio

TRFM

0.49%

ETHW

N/A

Max Drawdown

Winner

TRFM

28.40%

ETHW

67.57%

Sharpe Ratio

Winner

TRFM

1.73

ETHW

-0.28

5Y Beta

Winner

TRFM

1.45

ETHW

2.14

P/E Ratio

TRFM

79.20

ETHW

N/A

Forward P/E

TRFM

29.49

ETHW

N/A

PEG Ratio

TRFM

0.11

ETHW

N/A

5Y EPS CAGR

TRFM

17.14%

ETHW

N/A

TRFM vs ETHW - Historical Returns

Returns include dividend reinvestment.

Period	TRFM	ETHW
1 month	+11.89%	-19.51%
3 months	+29.95%	-21.98%
6 months	+32.90%	-38.67%
1 year	+52.79%	-31.71%
Max(CAGR)	+28.13%	-31.16%

Winner

TRFM

+11.89%

ETHW

-19.51%

Winner

TRFM

+29.95%

ETHW

-21.98%

Winner

TRFM

+32.90%

ETHW

-38.67%

Winner

TRFM

+52.79%

ETHW

-31.71%

Max(CAGR)

Winner

TRFM

+28.13%

ETHW

-31.16%

TRFM vs ETHW - Annual Returns (2022 - 2026)

Returns include dividend reinvestment.

Year	TRFM	ETHW
2026	+28.80%	-45.34%
2025	+24.92%	-14.16%
2024	+23.50%	-3.54%
2023	+45.11%	N/A
2022	-7.38%	N/A

TRFM vs ETHW Drawdown Comparison

The maximum drawdown for TRFM was -28.40%, occurring on Apr 8, 2025. Recovery took 87 trading sessions.

The maximum drawdown for ETHW was -67.57%, occurring on Jun 5, 2026. This drawdown has not yet recovered.

The current TRFM drawdown is -0.61%. The current ETHW drawdown is -64.80%.

Rank	TRFM	ETHW
#1	-28.40% Feb 18, 2025 - Jun 24, 2025	-67.57% Aug 22, 2025 - Jun 5, 2026
#2	-26.91% Aug 15, 2022 - Jun 13, 2023	-64.04% Dec 6, 2024 - Aug 11, 2025
#3	-18.43% Jul 31, 2023 - Dec 13, 2023	-35.81% Jul 23, 2024 - Nov 25, 2024
#4	-16.07% Jul 16, 2024 - Oct 11, 2024	-12.71% Aug 13, 2025 - Aug 22, 2025
#5	-12.99% Jan 28, 2026 - Apr 13, 2026	-5.28% Nov 25, 2024 - Nov 27, 2024
#6	-12.52% Oct 29, 2025 - Jan 28, 2026	-1.79% Dec 4, 2024 - Dec 6, 2024
#7	-9.79% Jun 2, 2026 - Jun 10, 2026	-1.07% Nov 27, 2024 - Dec 4, 2024
#8	-8.57% Mar 7, 2024 - May 15, 2024	N/A
#9	-7.84% Jul 21, 2022 - Aug 2, 2022	N/A
#10	-6.84% Dec 6, 2024 - Jan 22, 2025	N/A
#11	-5.93% Dec 28, 2023 - Feb 7, 2024	N/A
#12	-5.66% Jun 15, 2023 - Jul 11, 2023	N/A
#13	-4.95% May 11, 2026 - May 22, 2026	N/A
#14	-4.83% Jan 23, 2025 - Feb 10, 2025	N/A
#15	-4.52% Feb 15, 2024 - Mar 1, 2024	N/A