EETH vs. BTC-USD
EETH (ProShares Ether Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, EETH returned -49.03% vs -43.83% for BTC-USD. Their 0.60 correlation means they have sometimes moved together and sometimes differently.
Performance
EETH vs. BTC-USD - 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-USD's -27.75% 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-USD
- 1D
- 0.72%
- 1M
- 1.12%
- 6M
- -17.79%
- YTD
- -27.75%
- 1Y
- -43.83%
- 3Y*
- 29.40%
- 5Y*
- 10.61%
- 10Y*
- 59.66%
- ALL TIME*
- 87.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTC-USD Bitcoin | $1569.44T | $1598.63T | $2087.37T |
| $666.61K | $697.40K | $772.42K |
EETH vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | -38.56% | -17.19% | 33.29% | 31.40% |
BTC-USD Bitcoin | -27.75% | -6.27% | 120.76% | 51.05% |
Correlation
The correlation between EETH and BTC-USD is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.60 |
The correlation between EETH and BTC-USD has been stable across timeframes, ranging from 0.60 to 0.67 - a consistent structural relationship.
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Return for Risk
EETH vs. BTC-USD — Risk / Return Rank
EETH
BTC-USD
EETH vs. BTC-USD - Risk-Adjusted Trends 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.
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-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.85 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.83 | +0.07 |
| Martin ratioReturn relative to average drawdown | -1.12 | -1.27 | +0.14 |
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Drawdowns
EETH vs. BTC-USD - Drawdown Comparison
The maximum EETH drawdown since its inception was -69.22%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for EETH and BTC-USD.
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Drawdown Indicators
| EETH | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.22% | -85.30% | +16.08% |
Max Drawdown (1Y)Largest decline over 1 year | -69.22% | -53.08% | -16.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -63.12% | -49.31% | -13.81% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -42.73% | +11.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.54% | 24.94% | +21.60% |
Volatility
EETH vs. BTC-USD - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 13.16% compared to Bitcoin (BTC-USD) at 8.45%. 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.
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Volatility by Period
| EETH | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 8.45% | +4.71% |
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% | 35.86% | +31.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 43.65% | +24.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.36% | 56.22% | +12.14% |
Frequently Asked Questions
EETH and BTC-USD have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EETH has higher volatility (13.16%) compared to BTC-USD (8.45%). In terms of maximum drawdown, EETH dropped -69.22% vs BTC-USD's -85.30%.
EETH currently has the higher Sharpe Ratio (-0.78 vs -1.02), 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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