ProShares Ultra Ether ETF (ETHT) 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 ETHT. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ETHT
ETHT charges 0.94% annually. There are 74 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 | ETHT vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | ETHT vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | ETHT vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | ETHT vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 34.62M | Jul 2024 | ETHT vs EZET |
Best Risk-Adjusted Alternatives to ETHT
ETHT has a PortfoliosLab risk / return rank of 4. There are 28 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 | ETHT vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 82 | 395.17M | Feb 2022 | ETHT vs WGMI | |
| ProShares Shrt Bitcoin ETF | 33 | 127.37M | Jun 2022 | ETHT vs BITI | |
| REX Crypto Equity Premium Income ETF | 32 | 112.87M | Dec 2024 | ETHT vs CEPI | |
| iShares Blockchain and Tech ETF | 30 | 99.02M | Apr 2022 | ETHT vs IBLC |
Top Performing ETHT Alternatives (YTD)
ETHT is at -77.62% YTD. There are 99 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 85.47%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 85.47% | 395.17M | Feb 2022 | ETHT vs WGMI | |
| ProShares UltraShort Ether ETF | 75.32% | 76.32M | Jun 2024 | ETHT vs ETHD | |
| ProShares Short Ether Strategy ETF | 48.48% | 20.27M | Nov 2023 | ETHT vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 45.97% | 188.94M | Apr 2024 | ETHT vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40.86% | — | Jul 2024 | ETHT vs BTCZ |
Lowest Volatility Alternatives to ETHT
ETHT has 137.89% 1-year volatility. There are 108 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 | ETHT vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.83% | — | Oct 2025 | ETHT vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.94% | — | Oct 2025 | ETHT vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.31% | 7.61M | Sep 2025 | ETHT vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.38% | — | Oct 2025 | ETHT vs CBTO |
Lowest Drawdown Alternatives to ETHT
ETHT has a 1-year max drawdown of -93.92%. There are 63 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 | ETHT vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | ETHT vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | ETHT vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.71% | 1.50M | Mar 2024 | ETHT vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | ETHT 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 | ETHT vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | ETHT vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | ETHT vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | ETHT vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | ETHT vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | ETHT vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | ETHT vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | ETHT vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | ETHT vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | ETHT vs BITU |
Often Compared With ETHT
Investors most often compare ETHT with ETHU, ETHA, ETHW. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare ETHT with Any Fund or Stock
Compare ETHT with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ETHT with funds that move differently
ProShares Ultra Ether ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETHT.
Explore ETHT Diversifiers