ProShares UltraShort Ether ETF (ETHD) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with ETHD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ETHD
ETHD charges 1.01% annually. There are 95 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 281.21M | Apr 2026 | ETHD vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | ETHD vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | ETHD vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | ETHD vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 34.62M | Jul 2024 | ETHD vs EZET |
Best Risk-Adjusted Alternatives to ETHD
ETHD has a PortfoliosLab risk / return rank of 7. There are 13 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 91.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 91 | — | Oct 2017 | ETHD vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 82 | 395.17M | Feb 2022 | ETHD vs WGMI | |
| ProShares Shrt Bitcoin ETF | 33 | 127.37M | Jun 2022 | ETHD vs BITI | |
| REX Crypto Equity Premium Income ETF | 32 | 112.87M | Dec 2024 | ETHD vs CEPI | |
| iShares Blockchain and Tech ETF | 30 | 99.02M | Apr 2022 | ETHD vs IBLC |
Top Performing ETHD Alternatives (YTD)
ETHD is at 75.32% YTD. There is 1 ETF in the Cryptocurrency category with a higher YTD return, going as high as 85.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 85.47% | 395.17M | Feb 2022 | ETHD vs WGMI | |
| ProShares Short Ether Strategy ETF | 48.48% | 20.27M | Nov 2023 | ETHD vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 45.97% | 188.94M | Apr 2024 | ETHD vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40.86% | — | Jul 2024 | ETHD vs BTCZ | |
| ProShares Shrt Bitcoin ETF | 29.11% | 127.37M | Jun 2022 | ETHD vs BITI |
Lowest Volatility Alternatives to ETHD
ETHD has 137.55% 1-year volatility. There are 107 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.07% | — | Oct 2025 | ETHD vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.83% | — | Oct 2025 | ETHD vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.94% | — | Oct 2025 | ETHD vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.31% | 7.61M | Sep 2025 | ETHD vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.38% | — | Oct 2025 | ETHD vs CBTO |
Lowest Drawdown Alternatives to ETHD
ETHD has a 1-year max drawdown of -82.01%. There are 58 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -10.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -10.70% | 22.14M | Aug 2022 | ETHD vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | ETHD vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | ETHD vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.71% | 1.50M | Mar 2024 | ETHD vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | ETHD vs BITC |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 53 | 41.43% | 39.74B | Feb 2010 | ETHD vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | ETHD vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | ETHD vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | ETHD vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | ETHD vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | ETHD vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | ETHD vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | ETHD vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | ETHD vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | ETHD vs BITU |
Often Compared With ETHD
Investors most often compare ETHD with ETHT, ETHA, EHY. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare ETHD with Any Fund or Stock
Compare ETHD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ETHD with funds that move differently
ProShares UltraShort Ether ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETHD.
Explore ETHD Diversifiers