ETCO: Grayscale Ethereum Covered Call ETF
Grayscale · Crypto Option Income · Tracks Ether
Growth of $100
Green is what an investor who reinvested every payout would have; red is the price alone. The gap between them is the income. If the red line keeps falling, the payouts are partly your own money coming back.
Was the payout earned?
Over the last year ETCO paid 118.3% but its total return was -27.8%, so none of the payout was earned: the price fell by more than the fund paid out.
| Earned % (3 months) | 11% |
| Earned % (1 year) | -79% |
| Earned % (full history, up to 5 yrs) | -97% |
Earned % = total return ÷ payouts. 100% means every dollar paid out was earned; below 100% means part of it came from the fund's own value. This is an economic measure based on market price, not the tax label on the payout.
Where the DT Score comes from
Total 29.4 / 100 · rank #344 of 420. How the score works
Risk
| Sortino ratio (1Y) | -1.17 |
| Sharpe ratio (1Y) | -0.93 |
| Steadiness vs S&P 500 | 30% |
| Beta to S&P 500 | 1.64 |
| Correlation to S&P 500 | 0.50 |
| Max drop (1Y) | -46.6% |
| Max drop (up to 5 yrs) | -59.4% |
| Trend | Downtrend |
| History | 1.2 yrs |
Vs. ETHA (what it's built on)
| Upside capture | 64% |
| Downside capture | 70% |
| Capture ratio | 0.92 |
| Beta | 0.68 |
| Correlation | 0.93 |
| Tracking | Closely |
On days ETHA rose, ETCO caught 64% of the gain; on days it fell, ETCO took 70% of the loss.
Payout history
Each bar is one payout (last 27 shown). Pays Biweekly.
| Ex-date | Amount |
|---|---|
| 2026-10-29 | $0.1300 |
| 2026-10-14 | $0.1850 |
| 2026-09-29 | $0.1850 |
| 2026-09-14 | $0.1500 |
| 2026-08-28 | $0.1470 |
| 2026-08-13 | $0.1100 |
| 2026-07-30 | $0.2060 |
| 2026-07-14 | $0.1910 |
| 2026-06-29 | $0.2030 |
| 2026-06-12 | $0.2240 |
| 2026-05-28 | $0.2600 |
| 2026-05-14 | $0.2750 |
Funds that track the same thing
Other Ether income funds, ranked by DT Score. See them all · Compare ETCO with the top 3
| Fund | Category | Fwd rate | 12m yield | 1Y total ret. | Earned % 1Y | Upside capt. | Downside capt. | Tracking | DT Score | Momentum | Trend |
|---|---|---|---|---|---|---|---|---|---|---|---|
| YETH Roundhill Ether Covered Call Strategy ETF | Crypto Option Income | 53.7% | 82.3% | -24.1% | -84% | 73% | 75% | Closely | 31 | 55 | Downtrend |
| EHY Amplify Ethereum Max Income Covered Call ETF | Crypto Option Income | 54.3% | 86.9% | -37.1% | below -100% | 85% | 91% | Closely | 30 | 37 | Downtrend |
| ETTY Amplify Ethereum 3% Monthly Option Income ETF | Crypto Option Income | 38.8% | 53.9% | -36.1% | below -100% | 90% | 95% | Closely | 30 | 58 | Downtrend |
| NEHI NEOS Ethereum High Income ETF | Crypto Option Income | 35.7% | 37.9% | – | – | 85% | 87% | Closely | – | 73 | Downtrend |
| XEY GraniteShares YieldBOOST Ether ETF | Crypto Option Income | 34.6% | 29.3% | – | – | 23% | 31% | Weakly | – | 48 | Down (short history) |
About ETCO
| Issuer | Grayscale |
| Structure | ETF |
| Category | Crypto Option Income |
| Strategy | Covered call / premium income on crypto trust |
| Underlying | Ethereum |
| Exposure | Bitcoin / Crypto |
| Index linkage | Partial - options/overlay on index |
| Pays | Biweekly |
| Expense ratio | – |
| Uses leverage | No |
| Upside capped | Yes |
| Rate sensitivity | Low |
| Return of capital common | Yes |
Research notes: Biweekly distributions per source (not in allowed enum; frequency left null). Very small AUM.
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Rankings, payout changes and yield traps, once a week.