ETHD vs. EHY
ETHD (ProShares UltraShort Ether ETF) and EHY (Amplify Ethereum Max Income Covered Call ETF) are both Cryptocurrency funds. Both are actively managed. Their -0.95 correlation means they have often moved in opposite directions in the past. ETHD charges 1.01%/yr vs 0.75%/yr for EHY.
Performance
ETHD vs. EHY - Performance Comparison
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Returns By Period
In the year-to-date period, ETHD achieves a 29.25% return, which is significantly higher than EHY's -38.51% return.
ETHD
- 1D
- 5.65%
- 1M
- -20.75%
- 6M
- 13.26%
- YTD
- 29.25%
- 1Y
- -2.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -50.78%
EHY
- 1D
- -3.69%
- 1M
- 9.29%
- 6M
- -33.03%
- YTD
- -38.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.20K | $36.78K | $75.23K | |
| $15.71M | $16.45M | $23.40M |
ETHD vs. EHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ETHD ProShares UltraShort Ether ETF | 29.25% | 62.01% |
EHY Amplify Ethereum Max Income Covered Call ETF | -38.51% | -25.56% |
Correlation
The correlation between ETHD and EHY is -0.95, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 9, 2025 | -0.95 |
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Return for Risk
ETHD vs. EHY — Risk / Return Rank
ETHD
EHY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ETHD vs. EHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) and Amplify Ethereum Max Income Covered Call ETF (EHY). 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.
| ETHD | EHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.13 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | — | — |
| Martin ratioReturn relative to average drawdown | 0.28 | — | — |
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Drawdowns
ETHD vs. EHY - Drawdown Comparison
The maximum ETHD drawdown since its inception was -95.59%, which is greater than EHY's maximum drawdown of -61.70%. Use the drawdown chart below to compare losses from any high point for ETHD and EHY.
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Drawdown Indicators
| ETHD | EHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.59% | -61.70% | -33.89% |
Max Drawdown (1Y)Largest decline over 1 year | -57.19% | — | — |
Current DrawdownCurrent decline from peak | -89.90% | -54.32% | -35.58% |
Average DrawdownAverage peak-to-trough decline | -67.51% | -37.63% | -29.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.37% | — | — |
Volatility
ETHD vs. EHY - Volatility Comparison
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Volatility by Period
| ETHD | EHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.64% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 91.72% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 133.97% | 59.89% | +74.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.41% | 59.89% | +80.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.41% | 59.89% | +80.52% |
ETHD vs. EHY - Expense Ratio Comparison
ETHD has a 1.01% expense ratio, which is higher than EHY's 0.75% expense ratio.
Dividends
ETHD vs. EHY - Dividend Comparison
ETHD's dividend yield for the trailing twelve months is around 5.76%, less than EHY's 61.14% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
EHY Amplify Ethereum Max Income Covered Call ETF | 61.14% | 8.87% | 0.00% |
ETHD ProShares UltraShort Ether ETF | 5.76% | 156.62% | 19.15% |
Frequently Asked Questions
ETHD and EHY have a correlation of -0.95, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EHY is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EHY is cheaper with a 0.75% expense ratio, compared with 1.01% for ETHD.
EHY has the higher dividend yield at 61.14%, compared with 5.76% for ETHD.
They also come from different issuers: ProShares and Amplify. Their fees differ too: 1.01% for ETHD and 0.75% for EHY.
Find the right allocation for ETHD and EHY
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