EETH vs. BTCZ

Last updated Jul 14, 2026

EETH (ProShares Ether Strategy ETF) and BTCZ (T-Rex 2X Inverse Bitcoin Daily Target ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, EETH returned -43.94% vs 108.59% for BTCZ. At a correlation of -0.82, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

EETH vs. BTCZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EETH achieves a -41.54% return, which is significantly lower than BTCZ's 38.95% return.

EETH

• 1D: -1.10%
• 1M: 6.25%
• 6M: -43.87%
• YTD: -41.54%
• 1Y: -43.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCZ

• 1D: 5.22%
• 1M: 1.04%
• 6M: 53.34%
• YTD: 38.95%
• 1Y: 108.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EETH vs. BTCZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EETH ProShares Ether Strategy ETF	-41.54%	-17.19%	5.00%
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	38.95%	-29.11%	-76.45%

Correlation

The correlation between EETH and BTCZ is -0.88, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.88
Correlation (All Time) Calculated using the full available price history since Jul 10, 2024	-0.82

The correlation between EETH and BTCZ has been stable across timeframes, ranging from -0.88 to -0.82 - a consistent structural relationship.

Return for Risk

EETH vs. BTCZ — Risk / Return Rank

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

EETH

EETH Risk / Return Rank: 4
EETH Sharpe Ratio Rank: 4
EETH Sortino Ratio Rank: 4
EETH Omega Ratio Rank: 5
EETH Calmar Ratio Rank: 4
EETH Martin Ratio Rank: 4

BTCZ

BTCZ Risk / Return Rank: 46
BTCZ Sharpe Ratio Rank: 44
BTCZ Sortino Ratio Rank: 48
BTCZ Omega Ratio Rank: 44
BTCZ Calmar Ratio Rank: 56
BTCZ Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EETH vs. BTCZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ). 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	BTCZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.64	1.23	-1.87
Sortino ratio: Return per unit of downside risk	-0.72	1.92	-2.63
Omega ratio: Gain probability vs. loss probability	0.92	1.23	-0.31
Calmar ratio: Return relative to maximum drawdown	-0.64	2.23	-2.86
Martin ratio: Return relative to average drawdown	-1.00	5.00	-5.99

EETH vs. BTCZ - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is -0.64, which is lower than the BTCZ Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of EETH and BTCZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EETH vs. BTCZ - Drawdown Comparison

The maximum EETH drawdown since its inception was -69.22%, smaller than the maximum BTCZ drawdown of -91.06%. Use the drawdown chart below to compare losses from any high point for EETH and BTCZ.

Drawdown Indicators

	EETH	BTCZ	Difference
Max Drawdown Largest peak-to-trough decline	-69.22%	-91.06%	+21.84%
Max Drawdown (1Y) Largest decline over 1 year	-69.22%	-49.02%	-20.20%
Current Drawdown Current decline from peak	-64.90%	-77.59%	+12.69%
Average Drawdown Average peak-to-trough decline	-30.86%	-73.76%	+42.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.15%	21.81%	+22.34%

Volatility

EETH vs. BTCZ - Volatility Comparison

The current volatility for ProShares Ether Strategy ETF (EETH) is 16.05%, while T-Rex 2X Inverse Bitcoin Daily Target ETF (BTCZ) has a volatility of 23.06%. This indicates that EETH experiences smaller price fluctuations and is considered to be less risky than BTCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EETH	BTCZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.05%	23.06%	-7.01%
Volatility (6M) Calculated over the trailing 6-month period	47.07%	69.02%	-21.95%
Volatility (1Y) Calculated over the trailing 1-year period	68.70%	88.91%	-20.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.77%	96.52%	-27.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.77%	96.52%	-27.75%

EETH vs. BTCZ - Expense Ratio Comparison

Both EETH and BTCZ have an expense ratio of 0.95%.

Dividends

EETH vs. BTCZ - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 90.85%, more than BTCZ's 0.01% yield.

Position	TTM	2025	2024	2023
BTCZ T-Rex 2X Inverse Bitcoin Daily Target ETF	0.01%	0.02%	0.08%	0.00%
EETH ProShares Ether Strategy ETF	90.85%	56.98%	10.82%	0.52%

Frequently Asked Questions

Can I hold both EETH and BTCZ in my portfolio?

EETH and BTCZ have a correlation of -0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EETH or BTCZ?

BTCZ has higher volatility (23.06%) compared to EETH (16.05%). In terms of maximum drawdown, EETH dropped -69.22% vs BTCZ's -91.06%.

Which ETF is better, EETH or BTCZ?

On 1-year performance, BTCZ leads with 108.59% vs -43.94% for EETH. Both ETFs have the same 0.95% expense ratio. On volatility, EETH has been the lower-risk option at 16.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EETH or BTCZ?

Over the 1-year period, BTCZ has performed better with a 108.59% return vs -43.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EETH or BTCZ?

EETH and BTCZ have the same expense ratio: 0.95% per year.

Which ETF pays a higher dividend yield, EETH or BTCZ?

EETH has the higher dividend yield at 90.85%, compared with 0.01% for BTCZ.

What is the main difference between EETH and BTCZ?

They also come from different issuers: ProShares and T-Rex.

Which has better risk-adjusted returns?

BTCZ currently has the higher Sharpe Ratio (1.23 vs -0.64), 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.