ETHD vs. CETH

Last updated Apr 2, 2026

Compare and contrast key facts about ProShares UltraShort Ether ETF (ETHD) and 21shares Core Ethereum ETF (CETH).

ETHD and CETH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHD is an actively managed fund by ProShares. It was launched on Jun 7, 2024. CETH is a passively managed fund by 21Shares that tracks the performance of the CME CF Ether-Dollar Reference Rate. It was launched on Jul 22, 2024.

Performance

ETHD vs. CETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Ether ETF (ETHD) and 21shares Core Ethereum ETF (CETH). The values are adjusted to include any dividend payments, if applicable.

ETHD vs. CETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHD ProShares UltraShort Ether ETF	24.55%	-72.49%	-42.57%
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%

Returns By Period

ETHD

• 1D: -3.95%
• 1M: -18.40%
• YTD: 24.55%
• 6M: 83.22%
• 1Y: -84.46%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CETH

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHD vs. CETH - Expense Ratio Comparison

ETHD has a 1.01% expense ratio, which is higher than CETH's 0.21% expense ratio.

ETHD

ProShares UltraShort Ether ETF

CETH

21shares Core Ethereum ETF

Return for Risk

ETHD vs. CETH — Risk / Return Rank

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

ETHD

ETHD Risk / Return Rank: 3
ETHD Sharpe Ratio Rank: 3
ETHD Sortino Ratio Rank: 4
ETHD Omega Ratio Rank: 4
ETHD Calmar Ratio Rank: 1
ETHD Martin Ratio Rank: 4

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.

ETHD vs. CETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) and 21shares Core Ethereum ETF (CETH). 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.

	ETHD	CETH	Difference
Sharpe ratio Return per unit of total volatility	-0.56	—	—
Sortino ratio Return per unit of downside risk	-0.61	—	—
Omega ratio Gain probability vs. loss probability	0.93	—	—
Calmar ratio Return relative to maximum drawdown	-0.90	—	—
Martin ratio Return relative to average drawdown	-1.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ETHD	CETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.41	—	—

Dividends

ETHD vs. CETH - Dividend Comparison

ETHD's dividend yield for the trailing twelve months is around 85.90%, while CETH has not paid dividends to shareholders.

	TTM	2025	2024
ETHD ProShares UltraShort Ether ETF	85.90%	156.62%	19.15%
CETH 21shares Core Ethereum ETF	0.00%	0.00%	0.00%

Drawdowns

Volatility

Volatility by Period

	ETHD	CETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	106.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	150.88%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.74%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.74%	—	—