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 -49.03% vs -44.85% for ETH-USD. Their 0.69 correlation means they have sometimes moved together and sometimes differently.
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 -38.56% return and ETH-USD slightly higher at -36.94%.
EETH
- 1D
- -2.86%
- 1M
- 9.70%
- 6M
- -31.24%
- YTD
- -38.56%
- 1Y
- -49.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.00%
ETH-USD
- 1D
- 1.51%
- 1M
- 6.54%
- 6M
- -17.51%
- YTD
- -36.94%
- 1Y
- -44.85%
- 3Y*
- 0.66%
- 5Y*
- -5.69%
- 10Y*
- 66.66%
- ALL TIME*
- 79.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $666.61K | $697.40K | $772.42K | |
ETH-USD Ethereum | $18.30T | $18.49T | $25.83T |
EETH vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | -38.56% | -17.19% | 33.29% | 31.40% |
ETH-USD Ethereum | -36.94% | -10.91% | 46.00% | 31.60% |
Correlation
The correlation between EETH and ETH-USD is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
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 0.72 - 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 | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.92 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | -0.66 | -0.09 |
| Martin ratioReturn relative to average drawdown | -1.12 | -0.98 | -0.14 |
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Drawdowns
EETH vs. ETH-USD - Drawdown Comparison
The maximum EETH drawdown since its inception was -69.22%, 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 | -69.22% | -94.01% | +24.79% |
Max Drawdown (1Y)Largest decline over 1 year | -69.22% | -67.60% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.60% | — |
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 | -63.12% | -61.27% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -51.05% | +19.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.54% | 34.91% | +11.63% |
Volatility
EETH vs. ETH-USD - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 13.16% compared to Ethereum (ETH-USD) at 11.59%. 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 | 13.16% | 11.59% | +1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 45.92% | 43.68% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.62% | 54.71% | +12.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 58.51% | +9.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.36% | 76.01% | -7.65% |
Frequently Asked Questions
EETH and ETH-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EETH has higher volatility (13.16%) compared to ETH-USD (11.59%). In terms of maximum drawdown, EETH dropped -69.22% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.68 vs -0.78), 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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