Do you think it has underperformed, or is it doing okay?
Mostly underperformed up to borderline okay performance. A lot of people who have little knowledge watch only the USD chart, which is wrong. Many people who got some ETH would have bought BTC instead if they didn't. If you look at the ETH/BTC chart it looks bad. It has bad performance even with all the lobbying and bribing that can come from a centralized project like ETH.