ETHA vs. EETH

Last updated Jun 4, 2026

ETHA (iShares Ethereum Trust ETF) and EETH (ProShares Ether Strategy ETF) are both Cryptocurrency funds. ETHA is passively managed, while EETH is actively managed. Over the past year, ETHA returned -31.79% vs -34.99% for EETH. With a 1.00 correlation, they move nearly in lockstep. ETHA charges 0.25%/yr vs 0.95%/yr for EETH.

Performance

ETHA vs. EETH - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with ETHA having a -39.46% return and EETH slightly lower at -40.33%.

ETHA

• 1D: -5.56%
• 1M: -23.58%
• YTD: -39.46%
• 6M: -42.75%
• 1Y: -31.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EETH

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

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

ETHA vs. EETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHA iShares Ethereum Trust ETF	-39.46%	-11.31%	-3.62%
EETH ProShares Ether Strategy ETF	-40.33%	-17.19%	-6.70%

Correlation

The correlation between ETHA and EETH is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024	1.00

The correlation between ETHA and EETH has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

ETHA vs. EETH — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETHA

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

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

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.

ETHA vs. EETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Ethereum Trust ETF (ETHA) and ProShares Ether Strategy ETF (EETH). 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.

	ETHA	EETH	Difference
Sharpe ratio: Return per unit of total volatility	-0.47	-0.51	+0.05
Sortino ratio: Return per unit of downside risk	-0.31	-0.41	+0.10
Omega ratio: Gain probability vs. loss probability	0.97	0.95	+0.01
Calmar ratio: Return relative to maximum drawdown	-0.51	-0.55	+0.04
Martin ratio: Return relative to average drawdown	-0.84	-0.90	+0.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHA vs. EETH - Sharpe Ratio Comparison

The current ETHA Sharpe Ratio is -0.47, which is comparable to the EETH Sharpe Ratio of -0.51. The chart below compares the historical Sharpe Ratios of ETHA and EETH, 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

	ETHA	EETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.47	-0.51	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	-0.06	-0.35

Drawdowns

ETHA vs. EETH - Drawdown Comparison

The maximum ETHA drawdown since its inception was -64.02%, roughly equal to the maximum EETH drawdown of -66.86%. Use the drawdown chart below to compare losses from any high point for ETHA and EETH.

Drawdown Indicators

	ETHA	EETH	Difference
Max Drawdown Largest peak-to-trough decline	-64.02%	-66.86%	+2.84%
Max Drawdown (1Y) Largest decline over 1 year	-62.89%	-64.18%	+1.29%
Current Drawdown Current decline from peak	-62.89%	-64.18%	+1.29%
Average Drawdown Average peak-to-trough decline	-32.65%	-29.45%	-3.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.73%	38.76%	-1.03%

Volatility

ETHA vs. EETH - Volatility Comparison

iShares Ethereum Trust ETF (ETHA) and ProShares Ether Strategy ETF (EETH) have volatilities of 10.15% and 9.92%, 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

	ETHA	EETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.15%	9.92%	+0.23%
Volatility (6M) Calculated over the trailing 6-month period	46.25%	46.21%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	68.61%	68.81%	-0.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.53%	68.93%	+3.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.53%	68.93%	+3.60%

ETHA vs. EETH - Expense Ratio Comparison

ETHA has a 0.25% expense ratio, which is lower than EETH's 0.95% expense ratio.

Dividends

ETHA vs. EETH - Dividend Comparison

ETHA has not paid dividends to shareholders, while EETH's dividend yield for the trailing twelve months is around 89.04%.

Position	TTM	2025	2024	2023
EETH ProShares Ether Strategy ETF	89.04%	56.98%	10.82%	0.52%
ETHA iShares Ethereum Trust ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHA and EETH in my portfolio?

With a correlation of 1.00, ETHA and EETH 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, ETHA or EETH?

ETHA has higher volatility (10.15%) compared to EETH (9.92%). In terms of maximum drawdown, ETHA dropped -64.02% vs EETH's -66.86%.

Which ETF is better, ETHA or EETH?

On 1-year performance, ETHA leads with -31.79% vs -34.99% for EETH. On fees, ETHA is cheaper at 0.25% per year. On volatility, EETH has been the lower-risk option at 9.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHA or EETH?

Over the 1-year period, ETHA has performed better with a -31.79% return vs -34.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHA or EETH?

ETHA is cheaper with a 0.25% expense ratio, compared with 0.95% for EETH.

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

EETH has the higher dividend yield at 89.04%, compared with 0.00% for ETHA.

What is the main difference between ETHA and EETH?

They also come from different issuers: iShares and ProShares. Their fees differ too: 0.25% for ETHA and 0.95% for EETH.

Which has better risk-adjusted returns?

ETHA currently has the higher Sharpe Ratio (-0.47 vs -0.51), 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.