EETH vs. IQQQ

Last updated Jun 26, 2026

EETH (ProShares Ether Strategy ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - EETH is a Cryptocurrency fund actively managed by ProShares, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. EETH is actively managed, while IQQQ is passively managed. Over the past year, EETH returned -39.38% vs 29.47% for IQQQ. A 0.51 correlation means they provide meaningful diversification when combined. EETH charges 0.95%/yr vs 0.55%/yr for IQQQ.

Performance

EETH vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ether Strategy ETF (EETH) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EETH achieves a -48.73% return, which is significantly lower than IQQQ's 13.95% return.

EETH

• 1D: -1.91%
• 1M: -25.22%
• YTD: -48.73%
• 6M: -48.12%
• 1Y: -39.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: 0.87%
• 1M: -2.10%
• YTD: 13.95%
• 6M: 12.28%
• 1Y: 29.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EETH vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EETH ProShares Ether Strategy ETF	-48.73%	-17.19%	-5.65%
IQQQ ProShares Nasdaq-100 High Income ETF	13.95%	17.11%	14.82%

Correlation

The correlation between EETH and IQQQ is 0.53, 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	0.53
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.51

The correlation between EETH and IQQQ has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.

Return for Risk

EETH vs. IQQQ — 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: 5
EETH Sortino Ratio Rank: 5
EETH Omega Ratio Rank: 5
EETH Calmar Ratio Rank: 5
EETH Martin Ratio Rank: 5

IQQQ

IQQQ Risk / Return Rank: 58
IQQQ Sharpe Ratio Rank: 61
IQQQ Sortino Ratio Rank: 54
IQQQ Omega Ratio Rank: 56
IQQQ Calmar Ratio Rank: 62
IQQQ Martin Ratio Rank: 59

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. IQQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and ProShares Nasdaq-100 High Income ETF (IQQQ). 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	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	1.74	-2.31
Sortino ratio: Return per unit of downside risk	-0.54	2.28	-2.82
Omega ratio: Gain probability vs. loss probability	0.94	1.30	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.57	2.66	-3.23
Martin ratio: Return relative to average drawdown	-0.94	9.05	-9.99

EETH vs. IQQQ - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is -0.57, which is lower than the IQQQ Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of EETH and IQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EETH vs. IQQQ - Drawdown Comparison

The maximum EETH drawdown since its inception was -69.22%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for EETH and IQQQ.

Drawdown Indicators

	EETH	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-69.22%	-20.41%	-48.81%
Max Drawdown (1Y) Largest decline over 1 year	-69.22%	-11.13%	-58.09%
Current Drawdown Current decline from peak	-69.22%	-4.31%	-64.91%
Average Drawdown Average peak-to-trough decline	-30.29%	-3.63%	-26.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.92%	3.27%	+38.65%

Volatility

EETH vs. IQQQ - Volatility Comparison

ProShares Ether Strategy ETF (EETH) has a higher volatility of 19.61% compared to ProShares Nasdaq-100 High Income ETF (IQQQ) at 8.20%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EETH	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.61%	8.20%	+11.41%
Volatility (6M) Calculated over the trailing 6-month period	46.52%	13.57%	+32.95%
Volatility (1Y) Calculated over the trailing 1-year period	69.28%	17.00%	+52.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.05%	19.06%	+49.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.05%	19.06%	+49.99%

EETH vs. IQQQ - Expense Ratio Comparison

EETH has a 0.95% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

EETH vs. IQQQ - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 103.62%, more than IQQQ's 4.61% yield.

Position	TTM	2025	2024	2023
EETH ProShares Ether Strategy ETF	103.62%	56.98%	10.82%	0.52%
IQQQ ProShares Nasdaq-100 High Income ETF	4.61%	10.34%	7.27%	0.00%

Frequently Asked Questions

Can I hold both EETH and IQQQ in my portfolio?

EETH and IQQQ have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EETH or IQQQ?

EETH has higher volatility (19.61%) compared to IQQQ (8.20%). In terms of maximum drawdown, EETH dropped -69.22% vs IQQQ's -20.41%.

Which ETF is better, EETH or IQQQ?

On 1-year performance, IQQQ leads with 29.47% vs -39.38% for EETH. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 8.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EETH or IQQQ?

Over the 1-year period, IQQQ has performed better with a 29.47% return vs -39.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EETH or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.95% for EETH.

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

EETH has the higher dividend yield at 103.62%, compared with 4.61% for IQQQ.

What is the main difference between EETH and IQQQ?

EETH is categorized as Cryptocurrency, while IQQQ is Nasdaq-100. Their fees differ too: 0.95% for EETH and 0.55% for IQQQ.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (1.74 vs -0.57), 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.