EETH vs. ETH-USD
EETH (ProShares Ether Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, EETH returned -32.78% vs -27.91% for ETH-USD. A 0.69 correlation means they provide meaningful diversification when combined.
Performance
EETH vs. ETH-USD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with EETH having a -43.67% return and ETH-USD slightly higher at -41.51%.
EETH
- 1D
- -1.72%
- 1M
- -20.52%
- YTD
- -43.67%
- 6M
- -44.10%
- 1Y
- -32.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- 1.52%
- 1M
- -18.60%
- YTD
- -41.51%
- 6M
- -41.70%
- 1Y
- -27.91%
- 3Y*
- -2.80%
- 5Y*
- -1.65%
- 10Y*
- 62.91%
EETH vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | -43.67% | -17.19% | 33.29% | 31.40% |
ETH-USD Ethereum | -41.51% | -10.91% | 46.00% | 31.60% |
Correlation
The correlation between EETH and ETH-USD is 0.69, 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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.69 |
The correlation between EETH and ETH-USD has been stable across timeframes, ranging from 0.69 to 0.69 - a consistent structural relationship.
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Return for Risk
EETH vs. ETH-USD — Risk / Return Rank
EETH
ETH-USD
EETH vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Ethereum (ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.98 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.41 | -0.10 |
| Martin ratioReturn relative to average drawdown | -0.86 | -0.69 | -0.16 |
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Drawdowns
EETH vs. ETH-USD - Drawdown Comparison
The maximum EETH drawdown since its inception was -68.70%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for EETH and ETH-USD.
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Drawdown Indicators
| EETH | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.70% | -94.01% | +25.31% |
Max Drawdown (1Y)Largest decline over 1 year | -68.70% | -67.53% | -1.17% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -66.18% | -64.08% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -30.07% | -50.92% | +20.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.05% | 41.69% | -0.64% |
Volatility
EETH vs. ETH-USD - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 19.22% compared to Ethereum (ETH-USD) at 18.23%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than ETH-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 | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.22% | 18.23% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 46.96% | 46.07% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.37% | 56.24% | +13.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.13% | 59.46% | +9.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.13% | 77.06% | -7.93% |
Frequently Asked Questions
EETH and ETH-USD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EETH has higher volatility (19.22%) compared to ETH-USD (18.23%). In terms of maximum drawdown, EETH dropped -68.70% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.41 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.
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