ETH-USD vs. ETHU
ETH-USD (Ethereum) is a cryptocurrency, while ETHU (Volatility Shares 2x Ether ETF) is Cryptocurrency fund actively managed by Volatility Shares. Over the past year, ETH-USD returned -32.21% vs -75.77% for ETHU. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
ETH-USD vs. ETHU - Performance Comparison
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Returns By Period
In the year-to-date period, ETH-USD achieves a -42.29% return, which is significantly higher than ETHU's -75.19% return.
ETH-USD
- 1D
- -2.11%
- 1M
- -18.86%
- YTD
- -42.29%
- 6M
- -39.43%
- 1Y
- -32.21%
- 3Y*
- -0.47%
- 5Y*
- -4.58%
- 10Y*
- 64.49%
ETHU
- 1D
- -3.23%
- 1M
- -38.02%
- YTD
- -75.19%
- 6M
- -72.04%
- 1Y
- -75.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. ETHU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH-USD Ethereum | -42.29% | -10.91% | -11.57% |
ETHU Volatility Shares 2x Ether ETF | -75.19% | -64.38% | -48.73% |
Correlation
The correlation between ETH-USD and ETHU is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
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 0.70 - 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 | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.95 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.81 | +0.33 |
| Martin ratioReturn relative to average drawdown | -0.81 | -1.17 | +0.36 |
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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 -96.27%. 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% | -96.27% | +2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -67.53% | -93.66% | +26.13% |
Max Drawdown (3Y)Largest decline over 3 years | -67.53% | — | — |
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 | -64.56% | -95.71% | +31.15% |
Average DrawdownAverage peak-to-trough decline | -50.91% | -69.83% | +18.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.36% | 65.00% | -23.64% |
Volatility
ETH-USD vs. ETHU - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 18.15%, while Volatility Shares 2x Ether ETF (ETHU) has a volatility of 39.26%. 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 | 18.15% | 39.26% | -21.11% |
Volatility (6M)Calculated over the trailing 6-month period | 46.36% | 95.66% | -49.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.22% | 138.81% | -82.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.48% | 143.44% | -83.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.21% | 143.44% | -66.23% |
Frequently Asked Questions
ETH-USD and ETHU have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (39.26%) compared to ETH-USD (18.15%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ETHU's -96.27%.
ETH-USD currently has the higher Sharpe Ratio (-0.48 vs -0.55), 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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