ETCG vs. SETH
Compare and contrast key facts about Grayscale Ethereum Classic Trust (ETC) (ETCG) and ProShares Short Ether Strategy ETF (SETH).
ETCG and SETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETCG is a passively managed fund by Grayscale that tracks the performance of the Ethereum Classic (ETC). It was launched on Apr 24, 2017. SETH is a passively managed fund by ProShares that tracks the performance of the Bloomberg Galaxy Ethereum (--100%). It was launched on Nov 1, 2023. Both ETCG and SETH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETCG vs. SETH - Performance Comparison
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ETCG vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | -34.44% | -39.78% | -9.57% | 43.49% |
SETH ProShares Short Ether Strategy ETF | 25.10% | -29.41% | -49.59% | -22.80% |
Returns By Period
In the year-to-date period, ETCG achieves a -34.44% return, which is significantly lower than SETH's 25.10% return.
ETCG
- 1D
- -3.58%
- 1M
- -6.75%
- YTD
- -34.44%
- 6M
- -55.34%
- 1Y
- -42.54%
- 3Y*
- -14.57%
- 5Y*
- -19.64%
- 10Y*
- —
SETH
- 1D
- 3.69%
- 1M
- -7.20%
- YTD
- 25.10%
- 6M
- 69.41%
- 1Y
- -43.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ETCG vs. SETH - Expense Ratio Comparison
ETCG has a 2.50% expense ratio, which is higher than SETH's 0.95% expense ratio.
Return for Risk
ETCG vs. SETH — Risk / Return Rank
ETCG
SETH
ETCG vs. SETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Ethereum Classic Trust (ETC) (ETCG) and ProShares Short Ether Strategy ETF (SETH). 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.
| ETCG | SETH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | -0.57 | -0.06 |
Sortino ratioReturn per unit of downside risk | -0.77 | -0.48 | -0.29 |
Omega ratioGain probability vs. loss probability | 0.92 | 0.94 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.58 | -0.08 |
Martin ratioReturn relative to average drawdown | -1.24 | -0.74 | -0.50 |
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
| ETCG | SETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | -0.57 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | -0.51 | +0.32 |
Correlation
The correlation between ETCG and SETH is -0.70. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ETCG vs. SETH - Dividend Comparison
ETCG has not paid dividends to shareholders, while SETH's dividend yield for the trailing twelve months is around 10.98%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ETCG Grayscale Ethereum Classic Trust (ETC) | 0.00% | 0.00% | 0.00% | 0.00% |
SETH ProShares Short Ether Strategy ETF | 10.98% | 7.01% | 3.44% | 0.38% |
Drawdowns
ETCG vs. SETH - Drawdown Comparison
The maximum ETCG drawdown since its inception was -96.59%, which is greater than SETH's maximum drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for ETCG and SETH.
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Drawdown Indicators
| ETCG | SETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.59% | -80.74% | -15.85% |
Max Drawdown (1Y)Largest decline over 1 year | -65.57% | -75.02% | +9.45% |
Max Drawdown (5Y)Largest decline over 5 years | -96.59% | — | — |
Current DrawdownCurrent decline from peak | -95.26% | -65.64% | -29.62% |
Average DrawdownAverage peak-to-trough decline | -82.40% | -53.86% | -28.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.94% | 59.11% | -24.17% |
Volatility
ETCG vs. SETH - Volatility Comparison
The current volatility for Grayscale Ethereum Classic Trust (ETC) (ETCG) is 13.83%, while ProShares Short Ether Strategy ETF (SETH) has a volatility of 18.03%. This indicates that ETCG experiences smaller price fluctuations and is considered to be less risky than SETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETCG | SETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.83% | 18.03% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 44.59% | 53.20% | -8.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.55% | 76.06% | -8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 105.29% | 71.13% | +34.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 116.40% | 71.13% | +45.27% |