Waves don`t bring any good news and the price is falling for a long period of time. ETH is better i think.
It's very obvious that ETH outperformed Waves as of to date.
Waves ATH was $16.74 and current price is $1.75 while ETH ATH was $1,389 and current price is $319.61 they all dropped significantly
but it's very clear that Waves dropped more than ETH.