Invesco Galaxy Ethereum ETF (QETH) Performance
QETH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −19.6% since Dec 31, 2025
- 1 year
- −38.2% total return
- Since first price
- −31.4% since 2024
QETH trailing returns vs SPY, QQQ, AGG
| Period | QETH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −10.8% | −10.8% | −1.0% | −5.0% | +0.9% |
| 3 months | +27.5% | +27.5% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.1% | +3.1% | +7.8% | +8.4% | −1.5% |
| YTD | −19.6% | −19.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −38.2% | −38.2% | +14.4% | +15.9% | −1.1% |
| Since inceptionJul 23, 2024 | −31.4% | −31.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: QETH vs SPY
From Jul 23, 2024: QETH grew to $6,861, SPY to $14,083.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
QETH returns by calendar year
0 of 1 full years positive. Best 2025 (−11.4%), worst 2025 (−11.4%). 2026 is year to date.
QETH annual returns table
| Year | QETH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −19.6% | −54.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −11.4% | −60.5% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
QETH largest drawdowns
Now 50.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 22, 2025 | −67.9% | Jun 25, 2026 | not yet | 10 months | 1.2 years so far |
| Dec 6, 2024 | −64.1% | Apr 8, 2025 | Aug 11, 2025 | 4 months | 8 months |
| Jul 23, 2024 | −35.8% | Sep 6, 2024 | Nov 25, 2024 | 45 days | 4 months |
| Aug 13, 2025 | −12.8% | Aug 19, 2025 | Aug 22, 2025 | 6 days | 9 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
QETH risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −9.2% |
| Volatility (annualized) | 75.8% |
| Sharpe ratio | 0.16 |
| Sortino ratio | 0.28 |
| Best month | +48.3% |
| Worst month | −33.2% |
| Best 12 months | +72.9% |
| Worst 12 months | −50.2% |
| Positive months | 38% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
QETH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 16 | −50.2% | −14.5% | +72.9% | 38% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
QETH performance overview
Invesco Galaxy Ethereum ETF (QETH) returned −38.2% over the past year, with distributions reinvested. Since its first recorded price on Jul 23, 2024 it has returned −31.4%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −67.9%, from Aug 22, 2025 to Jun 25, 2026; the fund has not yet regained that high. Volatility has been 75.8% a year.
Related: QETH chart. See the QETH overview for the latest quote and fund facts.
QETH performance FAQ
What is the QETH return over the past year?
QETH returned −38.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 38.2%.
How much would $10,000 invested in QETH be worth?
$10,000 invested in QETH at its first recorded close on July 23, 2024 would be worth about $6,861 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of QETH?
The largest peak-to-trough decline was −67.9% between August 22, 2025 and June 25, 2026. It has not yet recovered to that high; it is 50.8% below its peak.
How volatile is QETH?
Over the past history QETH had an annualized volatility of 75.8% and a Sharpe ratio of 0.16 (excess return over 1–3 month T-bills per unit of risk).