EETH vs. BTC-USD
Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and Bitcoin (BTC-USD).
EETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EETH or BTC-USD.
Key characteristics
| EETH | BTC-USD | |
|---|---|---|
| YTD Return | 28.91% | 114.32% |
| 1Y Return | 47.56% | 154.90% |
| Sharpe Ratio | 0.60 | 1.07 |
| Sortino Ratio | 1.25 | 1.78 |
| Omega Ratio | 1.15 | 1.17 |
| Calmar Ratio | 0.83 | 0.91 |
| Martin Ratio | 1.60 | 4.39 |
| Ulcer Index | 24.54% | 13.18% |
| Daily Std Dev | 66.01% | 44.55% |
| Max Drawdown | -47.15% | -93.07% |
| Current Drawdown | -25.02% | 0.00% |
Correlation
The correlation between EETH and BTC-USD is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
EETH vs. BTC-USD - Performance Comparison
In the year-to-date period, EETH achieves a 28.91% return, which is significantly lower than BTC-USD's 114.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
EETH vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Bitcoin (BTC-USD). 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.
Drawdowns
EETH vs. BTC-USD - Drawdown Comparison
The maximum EETH drawdown since its inception was -47.15%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for EETH and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
EETH vs. BTC-USD - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 22.47% compared to Bitcoin (BTC-USD) at 15.70%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.