ProShares Short Ether Strategy ETF (SETH) 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 SETH. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SETH
SETH charges 0.95% annually. There are 76 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 | SETH vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | SETH vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | SETH vs ETH | |
| Franklin Crypto Index ETF | 0.19% | 12.43M | Feb 2025 | SETH vs EZPZ | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | SETH vs EZBC |
Best Risk-Adjusted Alternatives to SETH
SETH has a PortfoliosLab risk / return rank of 9. There are 11 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 | SETH vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 82 | 395.17M | Feb 2022 | SETH vs WGMI | |
| ProShares Shrt Bitcoin ETF | 33 | 127.37M | Jun 2022 | SETH vs BITI | |
| REX Crypto Equity Premium Income ETF | 32 | 112.87M | Dec 2024 | SETH vs CEPI | |
| iShares Blockchain and Tech ETF | 30 | 99.02M | Apr 2022 | SETH vs IBLC |
Top Performing SETH Alternatives (YTD)
SETH is at 48.48% YTD. There are 2 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 | SETH vs WGMI | |
| ProShares UltraShort Ether ETF | 75.32% | 76.32M | Jun 2024 | SETH vs ETHD | |
| Proshares Ultrashort Bitcoin ETF | 45.97% | 188.94M | Apr 2024 | SETH vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 40.86% | — | Jul 2024 | SETH vs BTCZ | |
| ProShares Shrt Bitcoin ETF | 29.11% | 127.37M | Jun 2022 | SETH vs BITI |
Lowest Volatility Alternatives to SETH
SETH has 69.21% 1-year volatility. There are 76 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 | SETH vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.83% | — | Oct 2025 | SETH vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.94% | — | Oct 2025 | SETH vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.31% | 7.61M | Sep 2025 | SETH vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.38% | — | Oct 2025 | SETH vs CBTO |
Lowest Drawdown Alternatives to SETH
SETH has a 1-year max drawdown of -54.14%. There are 34 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 | SETH vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | SETH vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | SETH vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.71% | 1.50M | Mar 2024 | SETH vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | SETH 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 | SETH vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -29.93% | 1.42B | Oct 2021 | SETH vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 53 | 29.58% | 14.59B | Jun 2006 | SETH vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 49 | 17.21% | 5.36B | Jun 2009 | SETH vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50 | 12.95% | 8.02B | Jun 2006 | SETH vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 29 | 6.48% | 11.27B | Oct 2013 | SETH vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 82 | 84.65% | 3.28B | Jan 2007 | SETH vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 1 | -40.31% | 1.83B | Feb 2010 | SETH vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -22.07% | 265.17M | Oct 2011 | SETH vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -58.07% | 340.85M | Apr 2024 | SETH vs BITU |
Often Compared With SETH
Investors most often compare SETH with ETH-USD, FDIG, ETHA. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare SETH with Any Fund or Stock
Compare SETH with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SETH with funds that move differently
ProShares Short Ether Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SETH.
Explore SETH Diversifiers