- CUSIP
- 74349Y571
- Issuer
- ProShares
- Inception Date
- Jun 6, 2024
- Category
- Cryptocurrency, Leveraged Cryptocurrency
- Leveraged
- 2x
- Index Tracked
- Bloomberg Ethereum Index (200%)
- Distribution Policy
- Distributing
- Asset Class
- Cryptocurrency
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $164M
Share Price Chart
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Performance
ETHT Performance Chart
ProShares Ultra Ether ETF (ETHT) is down 75.6% since the beginning of the year. ETHT is currently trading at $9 per share.
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Returns By Period
ProShares Ultra Ether ETF (ETHT) has returned -75.59% so far this year and -74.56% over the past 12 months.
ProShares Ultra Ether ETF
- 1D
- 3.16%
- 1M
- -33.42%
- YTD
- -75.59%
- 6M
- -75.81%
- 1Y
- -74.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ETHT Monthly Returns History
Based on dividend-adjusted daily data since Jun 7, 2024, ETHT's average daily return is -0.18%, while the average monthly return is -3.88%.
Historically, 28% of months were positive and 72% were negative. The best month was Jul 2025 with a return of +108.1%, while the worst month was Feb 2025 at -59.5%. The longest winning streak lasted 2 consecutive months, and the longest losing streak was 6 months.
On a daily basis, ETHT closed higher 47% of trading days. The best single day was May 8, 2025 with a return of +36.2%, while the worst single day was Aug 5, 2024 at -40.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -23.20% | -53.81% | 12.62% | 12.93% | -22.75% | -29.95% | -75.59% | ||||||
| 2025 | -8.86% | -59.52% | -36.82% | -12.40% | 93.71% | -8.45% | 108.08% | 25.54% | -11.31% | -17.89% | -43.49% | -9.75% | -64.86% |
| 2024 | -24.16% | -9.89% | -47.11% | 3.12% | -4.43% | 90.37% | -19.56% | -45.44% |
Benchmark Metrics
ProShares Ultra Ether ETF has an annualized alpha of -71.04%, beta of 4.34, and R2 of 0.25 versus S&P 500 Index. Calculated based on daily prices since June 07, 2024.
- This ETF participated in 432.57% of S&P 500 Index downside but only -27.59% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.25 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -71.04%
- Beta
- 4.34
- R²
- 0.25
- Upside Capture
- -27.59%
- Downside Capture
- 432.57%
Expense Ratio
ETHT has a high expense ratio of 0.94%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ETHT ranks 4 for risk / return — in the bottom 4% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ETHT | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.57 | ||
| Sortino ratioReturn per unit of downside risk | -3.19 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.78 | -3.58 |
| Martin ratioReturn relative to average drawdown | -1.14 | 12.44 | -13.58 |
Dividends
Dividend History
ProShares Ultra Ether ETF provided a 19.46% dividend yield over the last twelve months, with an annual payout of $1.78 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.78 | $1.72 | $0.02 |
Dividend yield | 19.46% | 4.57% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for ProShares Ultra Ether ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.02 | $0.02 | $0.01 | $0.00 | $0.01 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.60 | $0.00 | $0.01 | $0.11 | $1.72 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the ProShares Ultra Ether ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the ProShares Ultra Ether ETF was 96.02%, occurring on Jun 5, 2026. The portfolio has not yet recovered.
The current ProShares Ultra Ether ETF drawdown is 95.32%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2026 bear market2026 | -96.02%Jun 2026 | 1y 12mo | — | 2y 16dJun 2024 - now |
Drawdown Indicators
| ETHT | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -56.78% | -39.24% |
Max Drawdown (1Y)Largest decline over 1 year | -93.92% | -9.10% | -84.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -95.32% | -1.80% | -93.52% |
Average DrawdownAverage peak-to-trough decline | -67.63% | -10.71% | -56.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.41% | 2.03% | +63.38% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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