Tradfi
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Ethereum vs Nasdaq — tech beta comparison. ETH correlates more closely with tech/growth stocks than with broad equities.
| Metric | Ethereum | Nasdaq | Δ |
|---|---|---|---|
| Ethereum Market Cap | $277.61B | — | — |
| Ethereum Price | $2.27K | — | — |
| Ethereum 24h Change | -3.21% | — | — |
| Ethereum FDV | $277.61B | — | +0.0% |
| Ethereum ATH | $4.95K | — | — |
| Nasdaq Reference Market Cap | — | $30.00T | — |
| Ethereum as % of Nasdaq | 0.9% | 100.0% | — |
| Flip Multiple (Ethereum → Nasdaq) | 1.0x | 108.1x | — |
Crypto data live from Sharpe's tracker cache; TradFi values are reference benchmarks updated quarterly.
Ethereum exhibits higher correlation with tech-heavy Nasdaq than with the broader S&P 500. ETH-Nasdaq rolling correlation has ranged 0.4-0.75 since 2020, slightly above the BTC-Nasdaq relationship. ETH behaves as a tech-beta play during risk-on phases — its association with smart contracts, DeFi, and technology innovation means capital flows align with the tech narrative. ETH has underperformed pure Nasdaq during the 2022-2024 tech rally but outperformed during crypto-specific catalysts. For allocators thinking of ETH as technology exposure, the Nasdaq correlation is the most useful reference.
Side-by-side crypto comparison with normalized returns
Rolling correlation between crypto and major TradFi benchmarks