EETH vs. BTC
EETH (ProShares Ether Strategy ETF) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, EETH returned -49.03% vs -44.44% for BTC. Their correlation of 0.83 means they have usually moved in the same direction. EETH charges 0.95%/yr vs 0.15%/yr for BTC.
Performance
EETH vs. BTC - Performance Comparison
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Returns By Period
In the year-to-date period, EETH achieves a -38.56% return, which is significantly lower than BTC's -28.20% return.
EETH
- 1D
- -2.86%
- 1M
- 9.70%
- 6M
- -31.24%
- YTD
- -38.56%
- 1Y
- -49.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.00%
BTC
- 1D
- -2.86%
- 1M
- 2.32%
- 6M
- -25.00%
- YTD
- -28.20%
- 1Y
- -44.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -2.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $40.40M | $40.42M | $55.08M | |
| $666.61K | $697.40K | $772.42K |
EETH vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
EETH ProShares Ether Strategy ETF | -38.56% | -17.19% | -1.22% |
BTC Grayscale Bitcoin Mini Trust ETF | -28.20% | -7.50% | 41.93% |
Correlation
The correlation between EETH and BTC is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024 | 0.83 |
The correlation between EETH and BTC has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
EETH vs. BTC — Risk / Return Rank
EETH
BTC
EETH vs. BTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Grayscale Bitcoin Mini Trust ETF (BTC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EETH | BTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.83 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.87 | +0.11 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.34 | +0.21 |
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Drawdowns
EETH vs. BTC - Drawdown Comparison
The maximum EETH drawdown since its inception was -69.22%, which is greater than BTC's maximum drawdown of -53.30%. Use the drawdown chart below to compare losses from any high point for EETH and BTC.
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Drawdown Indicators
| EETH | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.22% | -53.30% | -15.92% |
Max Drawdown (1Y)Largest decline over 1 year | -69.22% | -53.30% | -15.92% |
Current DrawdownCurrent decline from peak | -63.12% | -49.96% | -13.16% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -19.39% | -12.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.54% | 34.60% | +11.94% |
Volatility
EETH vs. BTC - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 13.16% compared to Grayscale Bitcoin Mini Trust ETF (BTC) at 9.08%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than BTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EETH | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 9.08% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 45.92% | 33.72% | +12.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.62% | 44.38% | +23.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 47.53% | +20.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.36% | 47.53% | +20.83% |
EETH vs. BTC - Expense Ratio Comparison
EETH has a 0.95% expense ratio, which is higher than BTC's 0.15% expense ratio.
Dividends
EETH vs. BTC - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 86.45%, while BTC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% |
EETH ProShares Ether Strategy ETF | 73.66% | 56.98% | 10.82% | 0.52% |
Frequently Asked Questions
With a correlation of 0.91, EETH and BTC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EETH has higher volatility (13.16%) compared to BTC (9.08%). In terms of maximum drawdown, EETH dropped -69.22% vs BTC's -53.30%.
On 1-year performance, BTC leads with -44.44% vs -49.03% for EETH. On fees, BTC is cheaper at 0.15% per year. On volatility, BTC has been the lower-risk option at 9.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BTC has performed better with a -44.44% return vs -49.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BTC is cheaper with a 0.15% expense ratio, compared with 0.95% for EETH.
EETH has the higher dividend yield at 73.66%, compared with 0.00% for BTC.
They also come from different issuers: ProShares and Grayscale. Their fees differ too: 0.95% for EETH and 0.15% for BTC.
EETH currently has the higher Sharpe Ratio (-0.78 vs -1.04), 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.
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