Free tools Windows power users keep installed
One-click scans. No signup required.
iTechGuides is reader-supported. When you buy through links on our site, we may earn an affiliate commission. As an Amazon Associate I earn from qualifying purchases. Learn more
Ethereum (ETH) was more volatile than Bitcoin (BTC) in the latest like-for-like snapshot available for this comparison. Derivasys measured 20-day annualized realized volatility at 37.79% for ETH and 34.89% for BTC on October 9, 2026, at 20:00 UTC. Its separate 30-day, at-the-money options measure showed 46.02% implied volatility for ETH versus 34.25% for BTC.
Those are dated readings, not permanent rankings or live quotes. An earlier CME Group comparison also found higher annualized volatility for Ether—59% versus 42% for Bitcoin over its historical sample. The difference changes with the date, lookback window, price series, annualization convention and whether you measure observed movements or option-market expectations.
The short answer: ETH has been more volatile, but not always
In both measurements in the October 9, 2026 Derivasys snapshot, ETH moved more than BTC on an annualized basis:
What’s actually slowing this PC down?
Pick the symptom - the matching free tool is one click away.
| Measure | ETH | BTC | What the figures mean |
|---|---|---|---|
| 20-day realized volatility | 37.79% | 34.89% | Annualized variation calculated from the preceding 20 days of observed prices; benchmark timestamp October 9, 2026, 20:00 UTC. |
| 30-day at-the-money implied volatility | 46.02% | 34.25% | Option-market expectation for movement over roughly 30 days, annualized; it is not a record of the movement that already occurred. |
The readings support a clear answer for that snapshot: ETH was more volatile than BTC on both a realized and an implied basis. They do not show that ETH will always be more volatile. Volatility is a time-window statistic, and the result can reverse when market conditions, liquidity, positioning or the selected data source changes.
#1 Best Overall
- Powerful Turbo Fan:CAGIWIRU Electric Air Duster have reached speed up to 130000RPM,Can efficient remove dust and debris.With LED light and Three Adjustable Speed to meet with different cleaning tasks.
- With Attached USB C Fasting Charging cable.Charing 3 hours,Enjoy up to 240 minutes of use on the lowest setting, For third speed can use for 25mins.with four charging options to meet with your needs.
- Wide Application: attached 5 different nozzles,making it suitable for a variety of scenes, such as car,pet, pc, keyboards, and other electronic devices. It also serves for office and home clean duster.
- Handy Design & Portable:Cordless air duster electric nozzle is Light weight and small size, design and comfortable to hold and space saving, convenient to carry around. You can put it in your room or inside the car without taking up space.
- Economical &Reusable: Built durable materials with a long-lasting battery,our CAGIWIRU air duster it's a sustainable alternative to disposable air cans.
For historical context, CME Group’s 2023 analysis reported annualized volatility of daily price movements at 59% for ETH and 42% for BTC over the period examined in that article. Those numbers belong to that earlier sample and method; they should not be combined with the 2026 readings as though they were one continuous index. Fidelity Digital Assets separately reported that Bitcoin’s one-year annualized spot volatility ranged from 40% to 50% during 2025. That Bitcoin-only range cannot establish an ETH-versus-BTC ranking because the cited passage does not provide a same-window ETH value.
What volatility measures—and what it does not
Volatility measures the size of price fluctuations, normally through the dispersion of returns over a stated period. It counts large moves in either direction. A high-volatility asset can produce a sharp gain, a sharp loss or alternating moves that leave the price near where it started. Volatility is therefore not a forecast of direction, a guaranteed loss rate or a promise of higher returns.
Realized volatility
Realized, or historical, volatility is calculated from returns that have already occurred. A provider chooses a sampling frequency—such as daily or hourly prices—computes the standard deviation of those returns, and commonly annualizes it by multiplying by the square root of the number of periods in a year. A 20-day annualized figure is thus a way of expressing recent variation on a yearly scale; it does not mean the asset is expected to move by that percentage every year.
Quick wins for a faster PC:
Clear out junk files and repair common Windows errorsFree Scan →Scan for outdated or missing drivers - takes under a minuteDriver Scan →The exact result depends on details that are easy to overlook: the exchange or composite price, the currency denomination, the closing-time convention, the number of observations, whether returns are simple or logarithmic, and the annualization factor. Two reputable providers can report different realized-volatility figures for the same asset and dates if those inputs differ.
Implied volatility
Implied volatility is backed out of option prices using an option-pricing model. It represents the movement that option traders are pricing for the option’s remaining life, given the strike, maturity, interest-rate assumptions and other inputs. The Derivasys figure is a 30-day at-the-money reading, so it describes the market’s priced expectation for an option near the current underlying price, annualized for comparison.
Implied volatility includes compensation for uncertainty, supply and demand for particular options, hedging pressure and risk premia. It can rise when traders pay more for protection even before large spot moves occur. It should never be described as realized price movement, and it is not a guaranteed forecast.
Rank #2
- Screen Cleaner is Your Screen’s New Bestfriend! - EVEO is proud to present a screen cleaner that’s perfectly suited for your TV. Meet your new screen cleaner, computer screen cleaner, laptop cleaner, iPad cleaner, Macbook,tv cleaner or any other electronic device. Our screen cleaner spray and wipe along with the included plush microfiber cloth, easily removes dust, fingerprints & other smudges on the screen’s surface. Clean effectively for a streak-free screen
- Gentle on your Screens - Our screen cleaner spray and wipes is compatible to be used even for the most sensitive LCD, LED, CRT, and OLED screens in proper use. Be at ease knowing that this product is compatible with all the major brands: LG, SONY, Samsung, Sharp, iPad, iPhone, Android screens, Kindle, PC monitors - we’ve got you covered! Can be used as LCD screen cleaner, tv cleaner, smart tv screen cleaner, and more
- Premium Super Soft Plush Microfiber Cloth - Included in this efficient screen cleaning kit. This screen cleaner spray and wipe has our signature plush microfiber cloth specially designed to comply with screens and monitors and leave them streak-free. Has been shown to effectively absorbs stubborn stains, zero streaks, and no fiber shedding. Always use this together with our screen cleaner for the best results
- Easy-to-Use Screen Cleaner Kit + microfiber cleaning cloth - The EVEO Screen Cleaning Kit will easily be your new favorite tool when it comes to taking care of the things you love most, quick and easy solution for a streak-free screen. Simply screw on the sprayer gun on the screen cleaner bottle. Spray the cleaning liquid onto the microfiber cloth, then wipe the screen until desired cleanliness & shine is achieved.
- Quality Screen Care Kit Worth Purchasing - Enjoy a convenient Screen Cleaner anytime, anywhere you need it. Your satisfaction is our top priority. We stand behind the quality of our products and that’s why, you shouldn’t be worrying at all. We manufacture the Best Screen Cleaner. and can be used for laptop cleaning kit, laptop screen cleaner, tv screen cleaner for smart tv. MacBook screen cleaner, monitor cleaner or screen cleaner spray for electronic devices with microfiber cleaning cloth
Why annualization can mislead
Annualization puts different windows on a common scale, but it does not make them equivalent. A 20-day realized number, a 30-day implied number and a multi-year daily-return statistic answer different questions. Short windows can be dominated by one liquidation, regulatory headline or protocol event. Longer windows blend calm and turbulent regimes and usually produce a different ranking or spread.
The evidence in one view
| Source and date | ETH observation | BTC observation | Metric and qualification |
|---|---|---|---|
| Derivasys, October 9, 2026, 20:00 UTC | 37.79% | 34.89% | 20-day annualized realized volatility; recent benchmark snapshot, not a live quote. |
| Derivasys, October 9, 2026, 20:00 UTC | 46.02% | 34.25% | 30-day at-the-money annualized implied volatility; option-market measure, not realized movement. |
| CME Group Economic Research, 2023 | 59% | 42% | Annualized volatility of daily price movements over the historical comparison period used in the article; not current. |
| Fidelity Digital Assets, 2026 | Not stated | 40–50% | Range for Bitcoin one-year annualized spot volatility during 2025; no paired ETH comparator in the cited passage. |
The most defensible conclusion is narrow: ETH had the higher reading in the paired Derivasys snapshot, and Ether also had the higher value in the older CME comparison. The evidence does not support saying ETH is intrinsically or permanently more volatile.
Why ETH and BTC can have different volatility
1. Different monetary designs and network purposes
Bitcoin is designed around an algorithmically constrained supply and scheduled issuance reductions. Ether is the native asset of a smart-contract network whose demand is connected to transactions, applications and the operation of that network. Its supply mechanics and use cases differ from Bitcoin’s monetary design.
Those differences can change how investors value each asset, how they react to news and how much speculative demand is present. They are structural contributors, not a proof that one specific feature caused the spread in a particular month. Network usage, fee conditions, staking economics, token supply changes and expectations about future applications can all alter the balance between buyers and sellers.
2. Greater sensitivity to technology shares and the dollar
CME’s analysis found a modest positive association between technology-share performance and ETH relative to BTC. In that historical relationship, stronger technology-stock performance tended to coincide with ETH outperforming BTC, while weakness in technology shares could weigh more heavily on ETH relative to BTC.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Clear out junk files and repair common Windows errors3Scan for outdated or missing drivers - takes under a minuteThe same analysis found that a stronger U.S. dollar tended to weigh more on ETH relative to BTC. CME economist Erik Norland summarized the relationship in the sentence, “The USD appears to have the opposite effect.” The statement concerns movements in the ETH/BTC relationship, not a rule that every dollar rally makes ETH fall or that BTC must rise.
Rank #3
- 【Large size】：Measuring 800 x 300 mm/ 31. 5×12 inches, which is wider and taller than others. Large mouse pad can perfectly fit your keyboard and mouse of any size, and there is also ample space for peripherals such as phones, tablets, etc.
- 【LED backlight mouse pad】：Blade Hawks RGB mouse pad provides 7 static modes and 7 dynamic modes will give you the options you are looking for. Power-off memory function remembers the last lighting mode you selected. The super glow fiber Chroma will give you a colorful gaming setup that you want.
- 【Anti-slip rubber base】：Made from Natural rubber, this gaming mousepad will firmly grip your desktop, allowing you to enjoy the ultimate precision in the games you are most passionate about. It also comes with a texture that enhances this ability even further.
- 【Smooth and waterproof surface】: Micro-textured cloth surface, for extremely precise mouse control and a smooth movement. When liquid splashes on the gaming mouse pad, it forms water droplets and slides down. Will not delay your work or gameplay.
- 【Plug and play】: This mouse and keyboard pad is powered by USB, plug and play, no driver required. One button control light modes. Press one time to change the lighting mode, press twice to change the brightness, press and hold about 3 seconds turn ON/OFF.
These are observed associations, not causal laws or dependable forecasts. The relationship can change as crypto markets mature, investor bases shift and macroeconomic regimes change.
3. Bitcoin’s halving changes supply expectations
CME reported that Bitcoin’s April 20, 2024 halving reduced estimated annual new issuance from roughly 330,000 BTC to about 165,000 BTC. A smaller flow of newly issued coins can affect the balance between new supply and demand, but the market may anticipate a scheduled halving well in advance.
CME’s discussion suggests that prices can move before the event as traders position for the expected supply change. It also argued that market maturation may help explain the comparatively modest subsequent response it described. The halving is therefore an important part of Bitcoin’s volatility narrative, but it is not a mechanical trigger that determines the direction or size of every move.
Windows Errors? Fix Them Before They Spread
Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallOutdated Drivers Are Slowing You Down
One free scan finds every outdated or missing driver and matches the right update for your exact hardware.Free scan · exact hardware match4. Shared crypto and macro shocks, with different amplitudes
BTC and ETH often respond to the same broad forces: changes in global liquidity, interest-rate expectations, risk appetite, regulation, exchange failures, leverage unwinds and large flows into or out of digital-asset markets. Shared news can make their prices move together while leaving one asset with a larger percentage swing.
CME’s 2023 work described historically high BTC/ETH correlation. Its later discussion also described positive but imperfect relationships between crypto assets and Nasdaq 100 returns. Correlation tells you whether returns tend to move in the same direction; it does not tell you that the assets have equal volatility or that one asset’s risk has disappeared through diversification.
5. Derivatives, hedging and market structure
Volatility depends partly on where and how prices are formed. Spot markets, perpetual contracts, futures and options have different liquidity, leverage and liquidation mechanics. A period with crowded leverage can produce forced buying or selling that amplifies a move. Options dealers may hedge changing exposures, affecting short-term demand for the underlying asset.
Rank #4
- 【Softer and More Comfortable】Vaydeer wrist rest has unique diamond pattern, which is the combination of softness and aesthetics. The materials of wrist rest are improved into higher quality memory foam and covered with silky smooth lycra. The computer wrist rest makes you as comfortable and cushiony as like rest your wrists on clouds.
- 【Ergonomic Wrist Saver】The wrist rests for keyboard and mouse comes with a 17.32×3.15×0.83 inch keyboard wrist pad and a 5.94×3.15×0.83 inch mouse wrist support. Based on ergonomic design, the unique concave shape is the perfect fit for your wrist joints. The wrist rest pad fits most computer keyboards and laptops, improve hand and wrist posture, release your wrist and arm stress.
- 【Non-Slip Rubber Bottom】Featuring an anti-skid silicone base on the bottom, this wrist keyboard support stays firmly in place on your desk, preventing the padding from sliding around, ensuring stable and consistent wrist support during extended computer sessions.
- 【Better Experience & Pain Relief】Our keyboard arm rest is beneficial to alleviate the soreness caused by direct contact and friction between your arm and a hard desk surface, reducing the risk of wrist fatigue or carpal tunnel. The soft texture of memory foam can evenly distribute the pressure around your wrists and provide good support with just enough give.
- 【Helpful in Multiple Scenarios】Whether you're working, studying, writing, typing, gaming, this keyboard and mouse rest combo is an essential accessory to add comfort and support to your hands and wrists. It’s also a great gift for men, women, family, friend, coworker, gamer, teacher, etc.
Fidelity Digital Assets noted that derivatives and hedging have become important in institutional digital-asset markets. That context shows why positioning matters, but it does not by itself prove that derivatives caused the ETH/BTC volatility difference in the Derivasys snapshot. To establish a causal effect, an analysis would need aligned position, flow and price data for the same period.
6. Different investor narratives and use cases
Bitcoin is commonly treated as a scarce monetary asset, while Ethereum is also valued for the activity and optionality of a programmable network. Investors may therefore react differently to application growth, transaction demand, upgrades, staking changes, technology-stock valuations or shifts in the dollar. When expectations are uncertain, the asset with more sensitive or rapidly changing narratives can experience larger repricing.
This explanation should remain qualified. A narrative can attract buying or selling without being measurable as a single cause, and the same news can have opposite effects in different market regimes.
How to make a fair Bitcoin-versus-Ethereum comparison
If you are building a chart, investment memo or risk report, align the inputs before comparing the percentages. The following process prevents most false conclusions.
- Choose one price source. Use the same exchange, composite index or institutional benchmark for BTC and ETH. Mixing an exchange-specific BTC series with an aggregated ETH series can create an artificial spread.
- Use the same currency. Compare BTC/USD with ETH/USD, or compare both in another explicitly stated currency. A currency conversion can add its own movement.
- Set identical start and end times. State the time zone and whether the window ends at a daily close, an hourly bar or a precise timestamp. Crypto trades continuously, so an arbitrary close can materially affect a short window.
- Match the sampling frequency. Daily returns and hourly returns capture different jumps and microstructure noise. Do not compare daily BTC volatility with hourly ETH volatility.
- Match the lookback period. If BTC uses 20 observations, ETH must use the same 20 observations. Label the period in both calendar dates and number of observations.
- Apply one annualization convention. Use the same factor and return definition. If you report non-annualized volatility, say so rather than implying the values are directly comparable with annualized statistics.
- Keep realized and implied columns separate. Realized volatility describes past returns; implied volatility describes option prices and expectations. A 20-day realized value should not be ranked directly against a 30-day implied value as one series.
- Record the option slice when using implied volatility. Include maturity, strike or moneyness, settlement currency and whether the value is a midpoint, index or tradable quote. At-the-money and deep-out-of-the-money options can show different implied volatility.
- Show the date beside every percentage. A number without its observation date invites readers to treat a historical reading as current.
- Inspect drawdowns separately. Routine return variation and maximum peak-to-trough loss answer different risk questions. Add an absolute drawdown column instead of treating volatility as a substitute for crash analysis.
Volatility versus correlation, drawdown and risk
Volatility is not drawdown
Volatility summarizes the dispersion of periodic returns. Drawdown measures the decline from a previous peak to a later trough. An asset can have high volatility with rapid recoveries, or moderate measured volatility followed by a prolonged drawdown. A risk review should show both metrics and state the measurement window.
Recommended Free Tools
Correlation is not relative volatility
If BTC and ETH have a high positive correlation, they often move in the same direction, but ETH can still move farther on each day. Correlation is calculated from paired returns; volatility is calculated separately for each return series. A portfolio containing both assets may receive less diversification benefit than expected when correlation rises during a sell-off.
Best Value
- 【No Drill Mounted】Cable management tray can be assembled in as little as 3 minutes or less-simply. Side clips easily clampe the edge of desk, pass through the holes on the sides, and secure excess cables with baskets. Desk cable management supports inward or outward installation to meet your needs in different scenarios, and provides you with great convenience when collecting and organizing wires.
- 【Rubber Pad Protects Desk】Wire organizer under desk built-in soft rubber pads on the clamp protect your desk from scratches, so you will not damage your furniture or office.
- 【Sturdy and Beautiful】Cord management under desk is made of high-quality carbon steel and holds about 15 lbs. The wire basket has 2 holes on each side of the tray to enable your cables to pass freely. Cable baskets are suitable for desk thickness use from 0.4" to 2.4".
- 【Space Saving & Keep Organized】Desk cable management tray holds all your power cords, outlet strips, USB hubs and computer transformers hidden from your feet, and the data cables will not enter the vacuum cleaner to keep your desk clean and tidy. Desk wire organizer is also suitable for use in the kitchen and outdoors.
- 【Reduce Safety Risks】Cable tray under desk keeps all plugs away from your kids, no more worry about tripping. Using 2 holes wire tray saves extra space, helps you easily cabling and wire protection. The mesh design is not easy to accumulate dust, but avoids safety accidents caused by messy wires.
Implied volatility is not a promise
Option prices reflect supply and demand, hedging costs and risk premia as well as expected movement. Implied volatility can be too high or too low after the fact. It is useful for understanding what the options market is pricing, not for guaranteeing a future range.
What the higher ETH reading means in practice
For a spot holder
A higher ETH volatility reading means a wider distribution of potential short-term outcomes, not a directional call. Position size, time horizon and the ability to tolerate interim losses matter more than choosing the asset with the larger historical percentage. A holder comparing allocations should model both ordinary daily variation and a severe drawdown rather than relying on a single annualized statistic.
For a trader using leverage
Higher volatility can increase both opportunity and liquidation risk. Leverage magnifies a percentage move, while perpetual-futures funding, margin rules and exchange liquidation engines can add costs or force a position to close. A volatility figure alone does not tell you the appropriate leverage; that decision requires the contract’s margin schedule, stop policy and a loss amount you can afford.
For an options user
Compare the implied volatility of the exact maturity and strike you intend to trade with the realized volatility of a comparable historical window. A high implied reading may reflect expensive protection or strong demand for optionality. A low implied reading can still precede a large move. Examine the bid-ask spread, liquidity, skew and the risk of early or forced adjustments before treating a headline percentage as a trade signal.
For a portfolio analyst
Report BTC and ETH in separate columns for realized volatility, implied volatility, correlation and drawdown. Include the data source, timestamp, lookback and annualization method in the chart subtitle or table footnote. This prevents a historical CME statistic, a 2025 Bitcoin-only range and an October 2026 options snapshot from being read as one synchronized dataset.
Common mistakes and how to avoid them
- Calling the Derivasys snapshot live. It is benchmarked to October 9, 2026, 20:00 UTC. Label it as a dated observation.
- Mixing realized and implied volatility. Put the 20-day realized and 30-day implied readings in different rows or charts.
- Presenting the CME figures as current. The 59% ETH and 42% BTC values describe the historical period in CME’s 2023 article.
- Using Fidelity’s Bitcoin range as a paired comparison. The 40–50% one-year Bitcoin range for 2025 has no same-window ETH figure in the cited passage.
- Claiming that ETH is always more volatile. The available observations are consistent with ETH often being more reactive, but they do not establish an invariant ranking.
- Turning associations into causes. Technology shares, the dollar, supply expectations and derivatives are plausible contributors identified in historical analysis; none alone proves why a particular episode occurred.
- Ignoring the price series. Exchange selection, time zone, liquidity and sampling frequency can change a short-window result.
- Equating higher volatility with a guaranteed higher return. Volatility measures movement size in both directions.
- Assuming correlation provides full diversification. BTC and ETH can move together during stress even when their individual volatility differs.
A practical checklist for reading the next volatility report
- Is the number realized or implied?
- What are the exact start and end dates and the time zone?
- How many observations and what sampling frequency were used?
- Is the percentage annualized, and which convention was applied?
- Are BTC and ETH measured from the same price source and currency?
- For options, what maturity, strike and moneyness are represented?
- Does the comparison include correlation and drawdown, or only volatility?
- Are the figures historical observations, a current quote or a forward-looking market price?
- Could a one-off liquidation, protocol event, macro announcement or supply event dominate the selected window?
- Are structural explanations being presented as contributors rather than proven single causes?
Bottom line for Bitcoin versus Ethereum volatility
ETH was more volatile than BTC in the most recent paired evidence cited here: 37.79% versus 34.89% for 20-day realized volatility, and 46.02% versus 34.25% for 30-day at-the-money implied volatility, both measured in the Derivasys snapshot dated October 9, 2026. CME’s older historical comparison points in the same direction, at 59% for ETH versus 42% for BTC, but it uses a different period and method.
The spread can reflect different supply rules and network uses, ETH’s observed sensitivity to technology shares and the dollar, Bitcoin’s halving-driven supply expectations, shared macro shocks, and changing spot and derivatives market structure. These factors help explain why the assets can move together while ETH swings more, but they do not make the ranking permanent. Any serious comparison should attach the metric, lookback, source, timestamp and annualization method to every percentage.
Quick Recap
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
