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EETH vs. IBIT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

EETH vs. IBIT

Last updated May 14, 2025

Compare and contrast key facts about ProShares Ether Strategy ETF (EETH) and iShares Bitcoin Trust (IBIT).

EETH and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EETH or IBIT.

Correlation

The correlation between EETH and IBIT is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

EETH vs. IBIT - Performance Comparison

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

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Key characteristics

Sharpe Ratio

EETH:

-0.21

IBIT:

1.23

Sortino Ratio

EETH:

0.18

IBIT:

1.91

Omega Ratio

EETH:

1.02

IBIT:

1.22

Calmar Ratio

EETH:

-0.26

IBIT:

2.39

Martin Ratio

EETH:

-0.51

IBIT:

5.24

Ulcer Index

EETH:

34.37%

IBIT:

12.91%

Daily Std Dev

EETH:

75.26%

IBIT:

53.97%

Max Drawdown

EETH:

-66.84%

IBIT:

-28.22%

Current Drawdown

EETH:

-39.30%

IBIT:

-1.83%

Returns By Period

In the year-to-date period, EETH achieves a -21.77% return, which is significantly lower than IBIT's 12.38% return.

EETH

YTD

-21.77%

1M

71.14%

6M

-22.15%

1Y

-15.56%

5Y*

N/A

10Y*

N/A

IBIT

YTD

12.38%

1M

25.07%

6M

16.79%

1Y

65.61%

5Y*

N/A

10Y*

N/A

*Annualized

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EETH vs. IBIT - Expense Ratio Comparison

EETH has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.

EETH
ProShares Ether Strategy ETF
IBIT
iShares Bitcoin Trust

Risk-Adjusted Performance

EETH vs. IBIT — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EETH
The Risk-Adjusted Performance Rank of EETH is 1111
Overall Rank
The Sharpe Ratio Rank of EETH is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of EETH is 1515
Sortino Ratio Rank
The Omega Ratio Rank of EETH is 1515
Omega Ratio Rank
The Calmar Ratio Rank of EETH is 66
Calmar Ratio Rank
The Martin Ratio Rank of EETH is 99
Martin Ratio Rank
IBIT
The Risk-Adjusted Performance Rank of IBIT is 8787
Overall Rank
The Sharpe Ratio Rank of IBIT is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of IBIT is 8787
Sortino Ratio Rank
The Omega Ratio Rank of IBIT is 8383
Omega Ratio Rank
The Calmar Ratio Rank of IBIT is 9393
Calmar Ratio Rank
The Martin Ratio Rank of IBIT is 8484
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EETH vs. IBIT - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and iShares Bitcoin Trust (IBIT). 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.

The current EETH Sharpe Ratio is -0.21, which is lower than the IBIT Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of EETH and IBIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

EETH vs. IBIT - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 10.94%, while IBIT has not paid dividends to shareholders.

TTM20242023
EETH
ProShares Ether Strategy ETF		10.94%10.82%0.53%
IBIT
iShares Bitcoin Trust		0.00%0.00%0.00%

Drawdowns

EETH vs. IBIT - Drawdown Comparison

The maximum EETH drawdown since its inception was -66.84%, which is greater than IBIT's maximum drawdown of -28.22%. Use the drawdown chart below to compare losses from any high point for EETH and IBIT. For additional features, visit the drawdowns tool.

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Volatility

EETH vs. IBIT - Volatility Comparison

ProShares Ether Strategy ETF (EETH) has a higher volatility of 22.52% compared to iShares Bitcoin Trust (IBIT) at 9.14%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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