EETH vs. YETH

Last updated Jun 4, 2026

EETH (ProShares Ether Strategy ETF) and YETH (Roundhill Ether Covered Call Strategy ETF) are both exchange-traded funds - EETH is a Cryptocurrency fund actively managed by ProShares, while YETH is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, EETH returned -34.99% vs -30.02% for YETH. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.95% expense ratio.

Performance

EETH vs. YETH - Performance Comparison

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

Returns By Period

In the year-to-date period, EETH achieves a -40.33% return, which is significantly lower than YETH's -32.96% return.

EETH

• 1D: -5.60%
• 1M: -23.79%
• YTD: -40.33%
• 6M: -43.77%
• 1Y: -34.99%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YETH

• 1D: -5.65%
• 1M: -21.15%
• YTD: -32.96%
• 6M: -31.91%
• 1Y: -30.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EETH vs. YETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EETH ProShares Ether Strategy ETF	-40.33%	-17.19%	32.63%
YETH Roundhill Ether Covered Call Strategy ETF	-32.96%	-32.10%	24.84%

Correlation

The correlation between EETH and YETH is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	0.92

The correlation between EETH and YETH has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

Return for Risk

EETH vs. YETH — 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: 4
EETH Sortino Ratio Rank: 5
EETH Omega Ratio Rank: 5
EETH Calmar Ratio Rank: 4
EETH Martin Ratio Rank: 5

YETH

YETH Risk / Return Rank: 4
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH Martin Ratio Rank: 4

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. YETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ether Strategy ETF (EETH) and Roundhill Ether Covered Call Strategy ETF (YETH). 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	YETH	Difference
Sharpe ratio Return per unit of total volatility	-0.51	-0.53	+0.02
Sortino ratio Return per unit of downside risk	-0.41	-0.47	+0.05
Omega ratio Gain probability vs. loss probability	0.95	0.94	+0.01
Calmar ratio Return relative to maximum drawdown	-0.55	-0.54	-0.01
Martin ratio Return relative to average drawdown	-0.90	-0.97	+0.07
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EETH vs. YETH - Sharpe Ratio Comparison

The current EETH Sharpe Ratio is -0.51, which is comparable to the YETH Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of EETH and YETH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EETH	YETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-0.53	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	-0.06	-0.50	+0.44

Drawdowns

EETH vs. YETH - Drawdown Comparison

The maximum EETH drawdown since its inception was -66.86%, which is greater than YETH's maximum drawdown of -61.73%. Use the drawdown chart below to compare losses from any high point for EETH and YETH.

Drawdown Indicators

	EETH	YETH	Difference
Max Drawdown Largest peak-to-trough decline	-66.86%	-61.73%	-5.13%
Max Drawdown (1Y) Largest decline over 1 year	-64.18%	-55.63%	-8.55%
Current Drawdown Current decline from peak	-64.18%	-59.04%	-5.14%
Average Drawdown Average peak-to-trough decline	-29.45%	-30.92%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.76%	30.92%	+7.84%

Volatility

EETH vs. YETH - Volatility Comparison

ProShares Ether Strategy ETF (EETH) and Roundhill Ether Covered Call Strategy ETF (YETH) have volatilities of 9.92% and 9.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EETH	YETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.92%	9.54%	+0.38%
Volatility (6M) Calculated over the trailing 6-month period	46.21%	38.84%	+7.37%
Volatility (1Y) Calculated over the trailing 1-year period	68.81%	57.08%	+11.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.93%	55.42%	+13.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.93%	55.42%	+13.51%

EETH vs. YETH - Expense Ratio Comparison

Both EETH and YETH have an expense ratio of 0.95%.

Dividends

EETH vs. YETH - Dividend Comparison

EETH's dividend yield for the trailing twelve months is around 89.04%, less than YETH's 142.11% yield.

Position	TTM	2025	2024	2023
EETH ProShares Ether Strategy ETF	89.04%	56.98%	10.82%	0.52%
YETH Roundhill Ether Covered Call Strategy ETF	142.11%	109.12%	20.52%	0.00%

Frequently Asked Questions

Can I hold both EETH and YETH in my portfolio?

With a correlation of 0.93, EETH and YETH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, EETH or YETH?

EETH has higher volatility (9.92%) compared to YETH (9.54%). In terms of maximum drawdown, EETH dropped -66.86% vs YETH's -61.73%.

Which ETF is better, EETH or YETH?

On 1-year performance, YETH leads with -30.02% vs -34.99% for EETH. Both ETFs have the same 0.95% expense ratio. On volatility, YETH has been the lower-risk option at 9.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EETH or YETH?

Over the 1-year period, YETH has performed better with a -30.02% return vs -34.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EETH or YETH?

EETH and YETH have the same expense ratio: 0.95% per year.

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

YETH has the higher dividend yield at 142.11%, compared with 89.04% for EETH.

What is the main difference between EETH and YETH?

EETH is categorized as Cryptocurrency, while YETH is Derivative Income. They also come from different issuers: ProShares and Roundhill.

Which has better risk-adjusted returns?

EETH currently has the higher Sharpe Ratio (-0.51 vs -0.53), 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.