EETH vs. BCDF

Last updated Jun 3, 2026

EETH (ProShares Ether Strategy ETF) and BCDF (Horizon Kinetics Blockchain Development ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, EETH returned -28.52% vs 6.17% for BCDF. At a 0.43 correlation, their price movements are largely independent. EETH charges 0.95%/yr vs 0.85%/yr for BCDF.

Performance

EETH vs. BCDF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and Horizon Kinetics Blockchain Development ETF (BCDF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EETH achieves a -36.80% return, which is significantly lower than BCDF's 3.39% return.

EETH

• 1D: -4.54%
• 1M: -17.53%
• YTD: -36.80%
• 6M: -37.26%
• 1Y: -28.52%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BCDF

• 1D: -2.66%
• 1M: -4.12%
• YTD: 3.39%
• 6M: 4.63%
• 1Y: 6.17%
• 3Y*: 15.04%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EETH vs. BCDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EETH ProShares Ether Strategy ETF	-36.80%	-17.19%	33.29%	35.44%
BCDF Horizon Kinetics Blockchain Development ETF	3.39%	11.63%	14.87%	18.38%

Correlation

The correlation between EETH and BCDF is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023	0.43

EETH vs. BCDF - Sectors Allocation Comparison

Sectors	EETH	BCDF
Financial Services	16.4%	80.2%
Basic Materials	-	-
Communication Services	-	1.4%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	3.5%
Healthcare	-	0.0%
Industrials	-	0.4%
Real Estate	-	0.1%
Technology	-	9.7%
Utilities	-	4.7%

Return for Risk

EETH vs. BCDF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EETH

EETH Risk / Return Rank: 5
EETH Sharpe Ratio Rank: 5
EETH Sortino Ratio Rank: 6
EETH Omega Ratio Rank: 6
EETH Calmar Ratio Rank: 4
EETH Martin Ratio Rank: 5

BCDF

BCDF Risk / Return Rank: 16
BCDF Sharpe Ratio Rank: 15
BCDF Sortino Ratio Rank: 15
BCDF Omega Ratio Rank: 14
BCDF Calmar Ratio Rank: 19
BCDF Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EETH vs. BCDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Horizon Kinetics Blockchain Development ETF (BCDF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EETH	BCDF	Difference
Sharpe ratio Return per unit of total volatility	-0.42	0.42	-0.84
Sortino ratio Return per unit of downside risk	-0.22	0.68	-0.90
Omega ratio Gain probability vs. loss probability	0.98	1.08	-0.11
Calmar ratio Return relative to maximum drawdown	-0.47	0.82	-1.29
Martin ratio Return relative to average drawdown	-0.77	1.83	-2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EETH vs. BCDF - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is -0.42, which is lower than the BCDF Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of EETH and BCDF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EETH	BCDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.42	0.42	-0.84
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.40	-0.43

Drawdowns

EETH vs. BCDF - Drawdown Comparison

The maximum EETH drawdown since its inception was -66.86%, which is greater than BCDF's maximum drawdown of -27.70%. Use the drawdown chart below to compare losses from any high point for EETH and BCDF.

Drawdown Indicators

	EETH	BCDF	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	-27.70%	-39.16%
Max Drawdown (1Y) Largest decline over 1 year	-62.71%	-7.51%	-55.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-13.46%	—
Current Drawdown Current decline from peak	-62.06%	-7.49%	-54.57%
Average Drawdown Average peak-to-trough decline	-29.40%	-9.84%	-19.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.55%	3.36%	+35.19%

Volatility

EETH vs. BCDF - Volatility Comparison

ProShares Ether Strategy ETF (EETH) has a higher volatility of 9.31% compared to Horizon Kinetics Blockchain Development ETF (BCDF) at 5.22%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than BCDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EETH	BCDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.31%	5.22%	+4.09%
Volatility (6M) Calculated over the trailing 6-month period	46.84%	11.17%	+35.67%
Volatility (1Y) Calculated over the trailing 1-year period	68.60%	14.75%	+53.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.89%	16.95%	+51.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.89%	16.95%	+51.94%

EETH vs. BCDF - Expense Ratio Comparison

EETH has a 0.95% expense ratio, which is higher than BCDF's 0.85% expense ratio.

Dividends

EETH vs. BCDF - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 84.06%, more than BCDF's 2.44% yield.

Position	TTM	2025	2024	2023	2022
BCDF Horizon Kinetics Blockchain Development ETF	2.44%	2.53%	1.63%	0.69%	0.38%
EETH ProShares Ether Strategy ETF	84.06%	56.98%	10.82%	0.52%	0.00%

Frequently Asked Questions

Can I hold both EETH and BCDF in my portfolio?

EETH and BCDF have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EETH or BCDF?

EETH has higher volatility (9.31%) compared to BCDF (5.22%). In terms of maximum drawdown, EETH dropped -66.86% vs BCDF's -27.70%.

Which ETF is better, EETH or BCDF?

On 1-year performance, BCDF leads with 6.17% vs -28.52% for EETH. On fees, BCDF is cheaper at 0.85% per year. On volatility, BCDF has been the lower-risk option at 5.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EETH or BCDF?

Over the 1-year period, BCDF has performed better with a 6.17% return vs -28.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EETH or BCDF?

BCDF is cheaper with a 0.85% expense ratio, compared with 0.95% for EETH.

Which ETF pays a higher dividend yield, EETH or BCDF?

EETH has the higher dividend yield at 84.06%, compared with 2.44% for BCDF.

What is the main difference between EETH and BCDF?

They also come from different issuers: ProShares and Horizon. Their fees differ too: 0.95% for EETH and 0.85% for BCDF.

Which has better risk-adjusted returns?

BCDF currently has the higher Sharpe Ratio (0.42 vs -0.42), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.