ETH-USD vs. ETHU
ETH-USD (Ethereum) is a cryptocurrency, while ETHU (Volatility Shares 2x Ether ETF) is Leveraged Cryptocurrency fund actively managed by Volatility Shares. Over the past year, ETH-USD returned -49.62% vs -86.31% for ETHU. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
ETH-USD vs. ETHU - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -35.49% return, which is significantly higher than ETHU's -69.56% return.
ETH-USD
- 1D
- 1.23%
- 1M
- 21.96%
- 6M
- -36.66%
- YTD
- -35.49%
- 1Y
- -49.62%
- 3Y*
- 0.59%
- 5Y*
- -4.29%
- 10Y*
- 65.40%
- ALL TIME*
- 80.14%
ETHU
- 1D
- -2.70%
- 1M
- 45.56%
- 6M
- -69.56%
- YTD
- -69.56%
- 1Y
- -86.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -73.98%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETH-USD Ethereum | $19.13T | $19.02T | $26.90T |
| $90.11M | $85.60M | $93.82M |
ETH-USD vs. ETHU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH-USD Ethereum | -35.49% | -10.91% | -11.57% |
ETHU Volatility Shares 2x Ether ETF | -69.56% | -64.38% | -48.73% |
Correlation
The correlation between ETH-USD and ETHU is 0.73, 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. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.68 |
The correlation between ETH-USD and ETHU has been stable across timeframes, ranging from 0.68 to 0.73 - a consistent structural relationship.
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Return for Risk
ETH-USD vs. ETHU — Risk / Return Rank
ETH-USD
ETHU
ETH-USD vs. ETHU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ethereum (ETH-USD) and Volatility Shares 2x Ether ETF (ETHU). 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.
| ETH-USD | ETHU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.88 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.92 | +0.19 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.21 | +0.11 |
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Drawdowns
ETH-USD vs. ETHU - Drawdown Comparison
The maximum ETH-USD drawdown since its inception was -94.01%, roughly equal to the maximum ETHU drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for ETH-USD and ETHU.
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Drawdown Indicators
| ETH-USD | ETHU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.01% | -96.46% | +2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -67.60% | -93.99% | +26.39% |
Max Drawdown (3Y)Largest decline over 3 years | -67.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -79.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -94.01% | — | — |
Current DrawdownCurrent decline from peak | -60.38% | -94.73% | +34.35% |
Average DrawdownAverage peak-to-trough decline | -51.03% | -71.07% | +20.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.37% | 71.41% | -37.04% |
Volatility
ETH-USD vs. ETHU - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 13.08%, while Volatility Shares 2x Ether ETF (ETHU) has a volatility of 25.56%. This indicates that ETH-USD experiences smaller price fluctuations and is considered to be less risky than ETHU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETH-USD | ETHU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.08% | 25.56% | -12.48% |
Volatility (6M)Calculated over the trailing 6-month period | 45.85% | 94.57% | -48.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.90% | 135.20% | -80.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.54% | 141.47% | -82.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.44% | 141.47% | -65.03% |
Frequently Asked Questions
ETH-USD and ETHU have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (25.56%) compared to ETH-USD (13.08%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ETHU's -96.46%.
ETHU currently has the higher Sharpe Ratio (-0.64 vs -0.75), 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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