EETH vs. ETH

Last updated Jun 4, 2026

EETH (ProShares Ether Strategy ETF) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, EETH returned -34.99% vs -30.84% for ETH. With a 1.00 correlation, they move nearly in lockstep. EETH charges 0.95%/yr vs 0.15%/yr for ETH.

Performance

EETH vs. ETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and Grayscale Ethereum Staking Mini ETF (ETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with EETH having a -40.33% return and ETH slightly higher at -38.95%.

EETH

• 1D: -5.60%
• 1M: -23.79%
• YTD: -40.33%
• 6M: -43.77%
• 1Y: -34.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH

• 1D: -5.52%
• 1M: -23.42%
• YTD: -38.95%
• 6M: -42.17%
• 1Y: -30.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EETH vs. ETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EETH ProShares Ether Strategy ETF	-40.33%	-17.19%	-6.70%
ETH Grayscale Ethereum Staking Mini ETF	-38.95%	-10.89%	-3.70%

Correlation

The correlation between EETH and ETH is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	1.00

The correlation between EETH and ETH has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

EETH vs. ETH — Risk / Return Rank

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

EETH

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

ETH

ETH Risk / Return Rank: 5
ETH Sharpe Ratio Rank: 5
ETH Sortino Ratio Rank: 6
ETH Omega Ratio Rank: 6
ETH Calmar Ratio Rank: 5
ETH Martin Ratio Rank: 5

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. ETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Grayscale Ethereum Staking Mini ETF (ETH). 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	ETH	Difference
Sharpe ratio Return per unit of total volatility	-0.51	-0.45	-0.06
Sortino ratio Return per unit of downside risk	-0.41	-0.29	-0.12
Omega ratio Gain probability vs. loss probability	0.95	0.97	-0.01
Calmar ratio Return relative to maximum drawdown	-0.55	-0.50	-0.05
Martin ratio Return relative to average drawdown	-0.90	-0.82	-0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EETH vs. ETH - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is -0.51, which is comparable to the ETH Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of EETH and ETH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EETH	ETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-0.45	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	-0.41	+0.35

Drawdowns

EETH vs. ETH - Drawdown Comparison

The maximum EETH drawdown since its inception was -66.86%, roughly equal to the maximum ETH drawdown of -64.01%. Use the drawdown chart below to compare losses from any high point for EETH and ETH.

Drawdown Indicators

	EETH	ETH	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	-64.01%	-2.85%
Max Drawdown (1Y) Largest decline over 1 year	-64.18%	-62.40%	-1.78%
Current Drawdown Current decline from peak	-64.18%	-62.40%	-1.78%
Average Drawdown Average peak-to-trough decline	-29.45%	-32.58%	+3.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.76%	37.50%	+1.26%

Volatility

EETH vs. ETH - Volatility Comparison

ProShares Ether Strategy ETF (EETH) and Grayscale Ethereum Staking Mini ETF (ETH) have volatilities of 9.92% and 9.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EETH	ETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.92%	9.90%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	46.21%	46.02%	+0.19%
Volatility (1Y) Calculated over the trailing 1-year period	68.81%	68.34%	+0.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.93%	72.26%	-3.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.93%	72.26%	-3.33%

EETH vs. ETH - Expense Ratio Comparison

EETH has a 0.95% expense ratio, which is higher than ETH's 0.15% expense ratio.

Dividends

EETH vs. ETH - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 89.04%, while ETH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
EETH ProShares Ether Strategy ETF	89.04%	56.98%	10.82%	0.52%
ETH Grayscale Ethereum Staking Mini ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EETH and ETH in my portfolio?

With a correlation of 1.00, EETH and ETH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EETH or ETH?

EETH has higher volatility (9.92%) compared to ETH (9.90%). In terms of maximum drawdown, EETH dropped -66.86% vs ETH's -64.01%.

Which ETF is better, EETH or ETH?

On 1-year performance, ETH leads with -30.84% vs -34.99% for EETH. On fees, ETH is cheaper at 0.15% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EETH or ETH?

Over the 1-year period, ETH has performed better with a -30.84% return vs -34.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EETH or ETH?

ETH is cheaper with a 0.15% expense ratio, compared with 0.95% for EETH.

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

EETH has the higher dividend yield at 89.04%, compared with 0.00% for ETH.

What is the main difference between EETH and ETH?

They also come from different issuers: ProShares and Grayscale. Their fees differ too: 0.95% for EETH and 0.15% for ETH.

Which has better risk-adjusted returns?

ETH currently has the higher Sharpe Ratio (-0.45 vs -0.51), 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.