EETH vs. UPRO
EETH (ProShares Ether Strategy ETF) and UPRO (ProShares UltraPro S&P 500) are both exchange-traded funds - EETH is a Cryptocurrency fund actively managed by ProShares, while UPRO is a Leveraged Equities fund tracking the S&P 500. EETH is actively managed, while UPRO is passively managed. Over the past year, EETH returned -49.03% vs 53.86% for UPRO. Their 0.43 correlation means their historical movements had little consistent relationship. EETH charges 0.95%/yr vs 0.89%/yr for UPRO.
Performance
EETH vs. UPRO - Performance Comparison
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Returns By Period
In the year-to-date period, EETH achieves a -38.56% return, which is significantly lower than UPRO's 21.72% return.
EETH
- 1D
- -2.86%
- 1M
- 9.70%
- 6M
- -31.24%
- YTD
- -38.56%
- 1Y
- -49.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.00%
UPRO
- 1D
- 1.97%
- 1M
- -0.35%
- 6M
- 17.81%
- YTD
- 21.72%
- 1Y
- 53.86%
- 3Y*
- 41.29%
- 5Y*
- 19.17%
- 10Y*
- 28.48%
- ALL TIME*
- 33.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $666.61K | $697.40K | $772.42K | |
| $288.84M | $293.51M | $361.12M |
EETH vs. UPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | -38.56% | -17.19% | 33.29% | 31.40% |
UPRO ProShares UltraPro S&P 500 | 21.72% | 31.88% | 63.57% | 33.25% |
Correlation
The correlation between EETH and UPRO is 0.52, 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. | 0.52 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.43 |
The correlation between EETH and UPRO has been stable across timeframes, ranging from 0.43 to 0.52 - a consistent structural relationship.
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Return for Risk
EETH vs. UPRO — Risk / Return Rank
EETH
UPRO
EETH vs. UPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and ProShares UltraPro S&P 500 (UPRO). 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 | UPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.76 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.22 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 1.73 | -2.49 |
| Martin ratioReturn relative to average drawdown | -1.12 | 6.63 | -7.76 |
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Drawdowns
EETH vs. UPRO - Drawdown Comparison
The maximum EETH drawdown since its inception was -69.22%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for EETH and UPRO.
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Drawdown Indicators
| EETH | UPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.22% | -76.82% | +7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -69.22% | -26.78% | -42.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.87% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.82% | — |
Current DrawdownCurrent decline from peak | -63.12% | -6.81% | -56.31% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -14.35% | -17.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 46.54% | 7.00% | +39.54% |
Volatility
EETH vs. UPRO - Volatility Comparison
ProShares Ether Strategy ETF (EETH) has a higher volatility of 13.16% compared to ProShares UltraPro S&P 500 (UPRO) at 10.69%. This indicates that EETH's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EETH | UPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.16% | 10.69% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 45.92% | 30.36% | +15.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.62% | 38.51% | +29.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.36% | 50.70% | +17.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.36% | 53.78% | +14.58% |
EETH vs. UPRO - Expense Ratio Comparison
EETH has a 0.95% expense ratio, which is higher than UPRO's 0.89% expense ratio.
Dividends
EETH vs. UPRO - Dividend Comparison
EETH's dividend yield for the trailing twelve months is around 86.45%, more than UPRO's 0.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EETH ProShares Ether Strategy ETF | 73.66% | 56.98% | 10.82% | 0.52% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.77% | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% |
Frequently Asked Questions
EETH and UPRO have a correlation of 0.52, 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 UPRO (10.69%). In terms of maximum drawdown, EETH dropped -69.22% vs UPRO's -76.82%.
On 1-year performance, UPRO leads with 53.86% vs -49.03% for EETH. On fees, UPRO is cheaper at 0.89% per year. On volatility, UPRO has been the lower-risk option at 10.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UPRO has performed better with a 53.86% return vs -49.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UPRO is cheaper with a 0.89% expense ratio, compared with 0.95% for EETH.
EETH has the higher dividend yield at 73.66%, compared with 0.77% for UPRO.
EETH is categorized as Cryptocurrency, while UPRO is Leveraged Equities. Their fees differ too: 0.95% for EETH and 0.89% for UPRO.
UPRO currently has the higher Sharpe Ratio (1.21 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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