EETH vs. EFU

Last updated Aug 2, 2026

EETH (ProShares Ether Strategy ETF) and EFU (ProShares UltraShort MSCI EAFE) are both exchange-traded funds - EETH is a Cryptocurrency fund actively managed by ProShares, while EFU is a Leveraged Equities fund tracking the MSCI EAFE Index (-200%). EETH is actively managed, while EFU is passively managed. Over the past year, EETH returned -49.03% vs -35.13% for EFU. Their -0.34 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.

Performance

EETH vs. EFU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and ProShares UltraShort MSCI EAFE (EFU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EETH achieves a -38.56% return, which is significantly lower than EFU's -20.84% return.

EETH

• 1D: -2.86%
• 1M: 9.70%
• 6M: -31.24%
• YTD: -38.56%
• 1Y: -49.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -4.00%

EFU

• 1D: 0.98%
• 1M: -2.66%
• 6M: -12.99%
• YTD: -20.84%
• 1Y: -35.13%
• 3Y*: -24.16%
• 5Y*: -16.37%
• 10Y*: -19.72%
• ALL TIME*: -19.07%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EETH ProShares Ether Strategy ETF	$666.61K	$697.40K	$772.42K
EFU ProShares UltraShort MSCI EAFE	$22.02K	$35.41K	$55.57K

EETH vs. EFU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EETH ProShares Ether Strategy ETF	-38.56%	-17.19%	33.29%	31.40%
EFU ProShares UltraShort MSCI EAFE	-20.84%	-41.07%	-1.04%	-17.50%

Correlation

The correlation between EETH and EFU is -0.45, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.45
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	-0.34

The correlation between EETH and EFU shifts across timeframes, from -0.45 (1 year) to -0.34 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EETH vs. EFU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EETH

EETH Risk / Return Rank: 3
EETH Sharpe Ratio Rank: 3
EETH Sortino Ratio Rank: 3
EETH Omega Ratio Rank: 3
EETH Calmar Ratio Rank: 3
EETH Martin Ratio Rank: 4

EFU

EFU Risk / Return Rank: 1
EFU Sharpe Ratio Rank: 1
EFU Sortino Ratio Rank: 2
EFU Omega Ratio Rank: 2
EFU Calmar Ratio Rank: 0
EFU Martin Ratio Rank: 0

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EETH vs. EFU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and ProShares UltraShort MSCI EAFE (EFU). 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	EFU	Difference
Sharpe ratio: Return per unit of total volatility	-0.78	-1.08	+0.30
Sortino ratio: Return per unit of downside risk	-1.06	-1.55	+0.49
Omega ratio: Gain probability vs. loss probability	0.88	0.82	+0.06
Calmar ratio: Return relative to maximum drawdown	-0.76	-0.98	+0.22
Martin ratio: Return relative to average drawdown	-1.12	-1.52	+0.40

EETH vs. EFU - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is -0.78, which is comparable to the EFU Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of EETH and EFU, 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. EFU - Drawdown Comparison

The maximum EETH drawdown since its inception was -69.22%, smaller than the maximum EFU drawdown of -99.39%. Use the drawdown chart below to compare losses from any high point for EETH and EFU.

Drawdown Indicators

	EETH	EFU	Difference
Max Drawdown Largest peak-to-trough decline	-69.22%	-99.39%	+30.17%
Max Drawdown (1Y) Largest decline over 1 year	-69.22%	-35.76%	-33.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-65.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-76.39%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-89.39%	—
Current Drawdown Current decline from peak	-63.12%	-99.38%	+36.26%
Average Drawdown Average peak-to-trough decline	-31.48%	-87.21%	+55.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	46.54%	22.95%	+23.59%

Volatility

EETH vs. EFU - Volatility Comparison

ProShares Ether Strategy ETF (EETH) has a higher volatility of 13.16% compared to ProShares UltraShort MSCI EAFE (EFU) at 9.53%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than EFU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EETH	EFU	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.16%	9.53%	+3.63%
Volatility (6M) Calculated over the trailing 6-month period	45.92%	28.80%	+17.12%
Volatility (1Y) Calculated over the trailing 1-year period	67.62%	32.57%	+35.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.36%	33.66%	+34.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.36%	33.61%	+34.75%

EETH vs. EFU - Expense Ratio Comparison

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

Dividends

EETH vs. EFU - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 86.45%, more than EFU's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
EETH ProShares Ether Strategy ETF	73.66%	56.98%	10.82%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%
EFU ProShares UltraShort MSCI EAFE	5.18%	5.57%	3.87%	6.41%	1.47%	0.00%	0.06%	0.95%	0.17%

Frequently Asked Questions

Can I hold both EETH and EFU in my portfolio?

EETH and EFU have a correlation of -0.45, 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 EFU?

EETH has higher volatility (13.16%) compared to EFU (9.53%). In terms of maximum drawdown, EETH dropped -69.22% vs EFU's -99.39%.

Which ETF is better, EETH or EFU?

On 1-year performance, EFU leads with -35.13% vs -49.03% for EETH. Both ETFs have the same 0.95% expense ratio. On volatility, EFU has been the lower-risk option at 9.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EETH or EFU?

Over the 1-year period, EFU has performed better with a -35.13% return vs -49.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EETH or EFU?

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

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

EETH has the higher dividend yield at 73.66%, compared with 5.18% for EFU.

What is the main difference between EETH and EFU?

EETH is categorized as Cryptocurrency, while EFU is Leveraged Equities.

Which has better risk-adjusted returns?

EETH currently has the higher Sharpe Ratio (-0.78 vs -1.08), 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.