EETH vs. RAVI
EETH (ProShares Ether Strategy ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - EETH is a Cryptocurrency fund actively managed by ProShares, while RAVI is a Ultrashort Bond fund actively managed by FlexShares. Both are actively managed. Over the past year, EETH returned -35.87% vs 4.45% for RAVI. At a 0.02 correlation, their price movements are largely independent. EETH charges 0.95%/yr vs 0.25%/yr for RAVI.
Performance
EETH vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, EETH achieves a -41.20% return, which is significantly lower than RAVI's 1.52% return.
EETH
- 1D
- -1.45%
- 1M
- -25.38%
- YTD
- -41.20%
- 6M
- -44.62%
- 1Y
- -35.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAVI
- 1D
- -0.00%
- 1M
- 0.35%
- YTD
- 1.52%
- 6M
- 1.92%
- 1Y
- 4.45%
- 3Y*
- 5.20%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
EETH vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | -41.20% | -17.19% | 33.29% | 35.44% |
RAVI FlexShares Ultra-Short Income ETF | 1.52% | 4.98% | 5.67% | 1.61% |
Correlation
The correlation between EETH and RAVI is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | 0.02 |
The correlation between EETH and RAVI shifts across timeframes, from -0.09 (1 year) to 0.02 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EETH vs. RAVI — Risk / Return Rank
EETH
RAVI
EETH vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and FlexShares Ultra-Short Income ETF (RAVI). 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 | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.43 | ||
| Sortino ratioReturn per unit of downside risk | -23.87 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 5.33 | -4.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 38.26 | -38.82 |
| Martin ratioReturn relative to average drawdown | -0.92 | 229.11 | -230.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EETH | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | 10.91 | -11.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 2.03 | -2.10 |
Drawdowns
EETH vs. RAVI - Drawdown Comparison
The maximum EETH drawdown since its inception was -66.86%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for EETH and RAVI.
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Drawdown Indicators
| EETH | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.86% | -3.72% | -63.14% |
Max Drawdown (1Y)Largest decline over 1 year | -64.70% | -0.12% | -64.58% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.72% | — |
Current DrawdownCurrent decline from peak | -64.70% | -0.00% | -64.70% |
Average DrawdownAverage peak-to-trough decline | -29.51% | -0.17% | -29.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.97% | 0.02% | +38.95% |
Volatility
EETH vs. RAVI - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 9.70% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.15%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than RAVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EETH | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.70% | 0.15% | +9.55% |
Volatility (6M)Calculated over the trailing 6-month period | 45.46% | 0.30% | +45.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.71% | 0.41% | +68.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.88% | 1.41% | +67.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.88% | 1.28% | +67.60% |
EETH vs. RAVI - Expense Ratio Comparison
EETH has a 0.95% expense ratio, which is higher than RAVI's 0.25% expense ratio.
Dividends
EETH vs. RAVI - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 90.35%, more than RAVI's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | 90.35% | 56.98% | 10.82% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.38% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
EETH and RAVI have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EETH has higher volatility (9.70%) compared to RAVI (0.15%). In terms of maximum drawdown, EETH dropped -66.86% vs RAVI's -3.72%.
On 1-year performance, RAVI leads with 4.45% vs -35.87% for EETH. On fees, RAVI is cheaper at 0.25% per year. On volatility, RAVI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RAVI has performed better with a 4.45% return vs -35.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 0.95% for EETH.
EETH has the higher dividend yield at 90.35%, compared with 4.38% for RAVI.
EETH is categorized as Cryptocurrency, while RAVI is Ultrashort Bond. They also come from different issuers: ProShares and FlexShares. Their fees differ too: 0.95% for EETH and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (10.90 vs -0.52), 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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