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EETH vs. BITX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between EETH and BITX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

EETH vs. BITX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

EETH:

-0.21

BITX:

0.63

Sortino Ratio

EETH:

0.18

BITX:

1.60

Omega Ratio

EETH:

1.02

BITX:

1.19

Calmar Ratio

EETH:

-0.26

BITX:

1.18

Martin Ratio

EETH:

-0.51

BITX:

2.34

Ulcer Index

EETH:

34.37%

BITX:

30.78%

Daily Std Dev

EETH:

75.26%

BITX:

108.52%

Max Drawdown

EETH:

-66.84%

BITX:

-61.28%

Current Drawdown

EETH:

-39.30%

BITX:

-23.50%

Returns By Period

In the year-to-date period, EETH achieves a -21.77% return, which is significantly lower than BITX's 4.29% return.


EETH

YTD

-21.77%

1M

71.14%

6M

-22.15%

1Y

-15.56%

5Y*

N/A

10Y*

N/A

BITX

YTD

4.29%

1M

44.36%

6M

3.83%

1Y

67.45%

5Y*

N/A

10Y*

N/A

*Annualized

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EETH vs. BITX - Expense Ratio Comparison

EETH has a 0.95% expense ratio, which is lower than BITX's 1.85% expense ratio.


Risk-Adjusted Performance

EETH vs. BITX — Risk-Adjusted Performance Rank

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

EETH
The Risk-Adjusted Performance Rank of EETH is 1111
Overall Rank
The Sharpe Ratio Rank of EETH is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of EETH is 1515
Sortino Ratio Rank
The Omega Ratio Rank of EETH is 1515
Omega Ratio Rank
The Calmar Ratio Rank of EETH is 66
Calmar Ratio Rank
The Martin Ratio Rank of EETH is 99
Martin Ratio Rank

BITX
The Risk-Adjusted Performance Rank of BITX is 7373
Overall Rank
The Sharpe Ratio Rank of BITX is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of BITX is 8484
Sortino Ratio Rank
The Omega Ratio Rank of BITX is 7777
Omega Ratio Rank
The Calmar Ratio Rank of BITX is 8585
Calmar Ratio Rank
The Martin Ratio Rank of BITX is 6161
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EETH vs. BITX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Volatility Shares 2x Bitcoin Strategy ETF (BITX). 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.


The current EETH Sharpe Ratio is -0.21, which is lower than the BITX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of EETH and BITX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

EETH vs. BITX - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 10.94%, less than BITX's 12.89% yield.


TTM20242023
EETH
ProShares Ether Strategy ETF
10.94%10.82%0.53%
BITX
Volatility Shares 2x Bitcoin Strategy ETF
12.89%10.71%0.00%

Drawdowns

EETH vs. BITX - Drawdown Comparison

The maximum EETH drawdown since its inception was -66.84%, which is greater than BITX's maximum drawdown of -61.28%. Use the drawdown chart below to compare losses from any high point for EETH and BITX. For additional features, visit the drawdowns tool.


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Volatility

EETH vs. BITX - Volatility Comparison

ProShares Ether Strategy ETF (EETH) has a higher volatility of 22.52% compared to Volatility Shares 2x Bitcoin Strategy ETF (BITX) at 18.69%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than BITX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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