EETH vs. ETH-USD

Last updated Apr 3, 2026

Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and Ethereum (ETH-USD).

EETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023.

Performance

EETH vs. ETH-USD - Performance Comparison

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

EETH vs. ETH-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
EETH ProShares Ether Strategy ETF	-31.18%	-17.19%	33.29%	35.44%
ETH-USD Ethereum	-30.81%	-10.91%	46.00%	37.20%

Returns By Period

The year-to-date returns for both investments are quite close, with EETH having a -31.18% return and ETH-USD slightly higher at -30.81%.

EETH

• 1D: -3.62%
• 1M: 3.98%
• YTD: -31.18%
• 6M: -55.18%
• 1Y: 1.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETH-USD

• 1D: -4.09%
• 1M: 3.52%
• YTD: -30.81%
• 6M: -54.26%
• 1Y: 14.38%
• 3Y*: 4.27%
• 5Y*: 0.43%
• 10Y*: 68.46%

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

Return for Risk

EETH vs. ETH-USD — Risk / Return Rank

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

EETH

EETH Risk / Return Rank: 15
EETH Sharpe Ratio Rank: 12
EETH Sortino Ratio Rank: 20
EETH Omega Ratio Rank: 18
EETH Calmar Ratio Rank: 11
EETH Martin Ratio Rank: 11

ETH-USD

ETH-USD Risk / Return Rank: 74
ETH-USD Sharpe Ratio Rank: 86
ETH-USD Sortino Ratio Rank: 85
ETH-USD Omega Ratio Rank: 84
ETH-USD Calmar Ratio Rank: 68
ETH-USD Martin Ratio Rank: 49

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-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.

	EETH	ETH-USD	Difference
Sharpe ratio Return per unit of total volatility	0.02	0.19	-0.17
Sortino ratio Return per unit of downside risk	0.61	0.85	-0.24
Omega ratio Gain probability vs. loss probability	1.07	1.09	-0.02
Calmar ratio Return relative to maximum drawdown	0.03	-0.92	+0.95
Martin ratio Return relative to average drawdown	0.06	-1.58	+1.63
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-USD - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is 0.02, which is lower than the ETH-USD Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of EETH and ETH-USD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EETH	ETH-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	0.19	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.72	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.02	0.79	-0.78

Correlation

The correlation between EETH and ETH-USD is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

EETH vs. ETH-USD - Drawdown Comparison

The maximum EETH drawdown since its inception was -66.86%, 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.

Drawdown Indicators

	EETH	ETH-USD	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	-94.01%	+27.15%
Max Drawdown (1Y) Largest decline over 1 year	-62.71%	-62.26%	-0.45%
Max Drawdown (5Y) Largest decline over 5 years	—	-79.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-94.01%	—
Current Drawdown Current decline from peak	-58.69%	-57.51%	-1.18%
Average Drawdown Average peak-to-trough decline	-27.69%	-50.82%	+23.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.63%	36.50%	-4.87%

Volatility

EETH vs. ETH-USD - Volatility Comparison

ProShares Ether Strategy ETF (EETH) and Ethereum (ETH-USD) have volatilities of 17.71% and 18.12%, 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-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.71%	18.12%	-0.41%
Volatility (6M) Calculated over the trailing 6-month period	53.77%	51.50%	+2.27%
Volatility (1Y) Calculated over the trailing 1-year period	76.20%	62.47%	+13.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.46%	63.54%	+6.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.46%	78.86%	-8.40%