Volatility Shares 2x Ether ETF (ETHU) 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 ETHU. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to ETHU
ETHU 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% | — | Apr 2026 | ETHU vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.87B | Jul 2024 | ETHU vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.89B | Jul 2024 | ETHU vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 426.34M | Jan 2024 | ETHU vs EZBC | |
| Franklin Ethereum ETF | 0.19% | 41.19M | Jul 2024 | ETHU vs EZET |
Best Risk-Adjusted Alternatives to ETHU
ETHU has a PortfoliosLab risk / return rank of 4. There are 30 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 92 | — | Oct 2017 | ETHU vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 79 | 395.17M | Feb 2022 | ETHU vs WGMI | |
| iShares Blockchain and Tech ETF | 33 | 102.76M | Apr 2022 | ETHU vs IBLC | |
| REX Crypto Equity Premium Income ETF | 32 | — | Dec 2024 | ETHU vs CEPI | |
| ProShares Shrt Bitcoin ETF | 30 | 177.35M | Jun 2022 | ETHU vs BITI |
Top Performing ETHU Alternatives (YTD)
ETHU is at -71.31% YTD. There are 98 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 84.78%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 84.78% | 395.17M | Feb 2022 | ETHU vs WGMI | |
| ProShares UltraShort Ether ETF | 63.80% | 91.08M | Jun 2024 | ETHU vs ETHD | |
| Grayscale Zcash Trust (ZEC) | 41.32% | — | Oct 2017 | ETHU vs ZCSH | |
| ProShares Short Ether Strategy ETF | 40.93% | 20.06M | Nov 2023 | ETHU vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 37.02% | 203.71M | Apr 2024 | ETHU vs SBIT |
Lowest Volatility Alternatives to ETHU
ETHU has 137.60% 1-year volatility. There are 110 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ARK 21Shares Active Bitcoin Ethereum Strategy ETF | 0.00% | 3.59M | Nov 2023 | ETHU vs ARKY | |
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.14% | — | Oct 2025 | ETHU vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.88% | — | Oct 2025 | ETHU vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 7.23% | — | Oct 2025 | ETHU vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.61% | 7.66M | Sep 2025 | ETHU vs BFOC |
Lowest Drawdown Alternatives to ETHU
ETHU has a 1-year max drawdown of -91.56%. There are 60 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -7.63%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -7.63% | 22.49M | Aug 2022 | ETHU vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | — | Dec 2024 | ETHU vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 177.35M | Jun 2022 | ETHU vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.29% | 1.60M | Mar 2024 | ETHU vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | ETHU vs BITC |
Other ETFs from Volatility Shares
The 9 most viewed Volatility Shares ETFs shown here include BITX, UVIX, SVIX and span 7 categories. AUM among these funds goes as high as $1B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| 2x Bitcoin Strategy ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -52.31% | 1.03B | Jun 2023 | ETHU vs BITX | |
| Volatility Shares 2x Long VIX Futures ETF | Volatility | 2 | -31.87% | 425.83M | Mar 2022 | ETHU vs UVIX | |
| Volatility Shares -1x Short VIX Futures ETF | Inverse Equities | 26 | -8.17% | 215.09M | Mar 2022 | ETHU vs SVIX | |
| Volatility Premium Plus ETF | Volatility | 16 | -2.29% | 14.96M | Apr 2023 | ETHU vs ZVOL | |
| Solana ETF | Cryptocurrency | 2 | -42.90% | 225.52M | Mar 2025 | ETHU vs SOLZ | |
| -1x Short VIX Mid-Term Futures Strategy ETF | Inverse Equities | — | — | 12.30M | Apr 2023 | ETHU vs ZIVB | |
| Volatility Shares One+One Nasdaq-100® and Bitcoin ... | Nasdaq-100, Leveraged Equities, Leveraged Cryptocurrency | 4 | -18.43% | 1.44M | Feb 2025 | ETHU vs OOQB | |
| Volatility Shares 2x XRP ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -69.02% | — | May 2025 | ETHU vs XRPT | |
| 2x Solana ETF | Blockchain | 2 | -74.43% | 663.43M | Mar 2025 | ETHU vs SOLT |
Often Compared With ETHU
Investors most often compare ETHU with ETH-USD, ETHT, ETHA. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare ETHU with Any Fund or Stock
Compare ETHU with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair ETHU with funds that move differently
Volatility Shares 2x Ether ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to ETHU.
Explore ETHU Diversifiers