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 -28.52% vs -36.52% for BTC-USD. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
EETH vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, EETH achieves a -36.80% return, which is significantly lower than BTC-USD's -23.17% return.
EETH
- 1D
- -4.54%
- 1M
- -17.53%
- YTD
- -36.80%
- 6M
- -37.26%
- 1Y
- -28.52%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 0.85%
- 1M
- -14.42%
- YTD
- -23.17%
- 6M
- -26.37%
- 1Y
- -36.52%
- 3Y*
- 35.33%
- 5Y*
- 12.77%
- 10Y*
- 60.98%
EETH vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | -36.80% | -17.19% | 33.29% | 35.44% |
BTC-USD Bitcoin | -23.17% | -6.27% | 120.76% | 53.75% |
Correlation
The correlation between EETH and BTC-USD is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | 0.59 |
The correlation between EETH and BTC-USD has been stable across timeframes, ranging from 0.59 to 0.62 - 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.
| EETH | BTC-USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.42 | -0.85 | +0.43 |
Sortino ratioReturn per unit of downside risk | -0.22 | -1.14 | +0.92 |
Omega ratioGain probability vs. loss probability | 0.98 | 0.88 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.47 | -1.07 | +0.59 |
Martin ratioReturn relative to average drawdown | -0.77 | -1.57 | +0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EETH | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.42 | -0.85 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.24 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.89 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 1.14 | -1.17 |
Drawdowns
EETH vs. BTC-USD - Drawdown Comparison
The maximum EETH drawdown since its inception was -66.86%, 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 | -66.86% | -85.30% | +18.44% |
Max Drawdown (1Y)Largest decline over 1 year | -62.71% | -49.65% | -13.06% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.65% | — |
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 | -62.06% | -46.10% | -15.96% |
Average DrawdownAverage peak-to-trough decline | -29.40% | -42.27% | +12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.55% | 33.71% | +4.84% |
Volatility
EETH vs. BTC-USD - Volatility Comparison
The current volatility for ProShares Ether Strategy ETF (EETH) is 9.31%, while Bitcoin (BTC-USD) has a volatility of 9.90%. This indicates that EETH experiences smaller price fluctuations and is considered to be less risky 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 | 9.31% | 9.90% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 46.84% | 33.98% | +12.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.60% | 35.37% | +33.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.89% | 45.01% | +23.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.89% | 56.68% | +12.21% |
Frequently Asked Questions
EETH and BTC-USD have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BTC-USD has higher volatility (9.90%) compared to EETH (9.31%). In terms of maximum drawdown, EETH dropped -66.86% vs BTC-USD's -85.30%.
EETH currently has the higher Sharpe Ratio (-0.42 vs -0.85), 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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