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 -33.64% vs -76.79% 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 -41.48% return, which is significantly higher than ETHU's -74.66% return.
ETH-USD
- 1D
- -1.91%
- 1M
- 2.74%
- 6M
- -45.15%
- YTD
- -41.48%
- 1Y
- -33.64%
- 3Y*
- -2.32%
- 5Y*
- -4.16%
- 10Y*
- 65.86%
ETHU
- 1D
- -5.68%
- 1M
- 3.63%
- 6M
- -77.07%
- YTD
- -74.66%
- 1Y
- -76.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD vs. ETHU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETH-USD Ethereum | -41.48% | -10.91% | -11.57% |
ETHU Volatility Shares 2x Ether ETF | -74.66% | -64.38% | -48.73% |
Correlation
The correlation between ETH-USD and ETHU is 0.72, 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 | 0.72 |
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 0.72 - 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 | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.94 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.50 | -0.82 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.79 | -1.13 | +0.34 |
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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 | -64.06% | -95.61% | +31.55% |
Average DrawdownAverage peak-to-trough decline | -50.98% | -70.43% | +19.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.39% | 68.09% | -27.70% |
Volatility
ETH-USD vs. ETHU - Volatility Comparison
The current volatility for Ethereum (ETH-USD) is 13.09%, while Volatility Shares 2x Ether ETF (ETHU) has a volatility of 34.10%. 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 | 13.09% | 34.10% | -21.01% |
Volatility (6M)Calculated over the trailing 6-month period | 46.62% | 95.87% | -49.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.64% | 138.31% | -82.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.74% | 142.71% | -83.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 76.84% | 142.71% | -65.87% |
Frequently Asked Questions
ETH-USD and ETHU have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (34.10%) compared to ETH-USD (13.09%). In terms of maximum drawdown, ETH-USD dropped -94.01% vs ETHU's -96.46%.
ETH-USD currently has the higher Sharpe Ratio (-0.50 vs -0.56), 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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