ETHD vs. USD
ETHD (ProShares UltraShort Ether ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - ETHD is a Cryptocurrency fund actively managed by ProShares, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). ETHD is actively managed, while USD is passively managed. Over the past year, ETHD returned -5.43% vs 96.75% for USD. At a correlation of -0.42, they often move in opposite directions. ETHD charges 1.01%/yr vs 0.95%/yr for USD.
Performance
ETHD vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETHD achieves a 35.05% return, which is significantly lower than USD's 57.07% return.
ETHD
- 1D
- 3.61%
- 1M
- -16.70%
- 6M
- 70.75%
- YTD
- 35.05%
- 1Y
- -5.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -3.79%
- 1M
- -16.88%
- 6M
- 43.24%
- YTD
- 57.07%
- 1Y
- 96.75%
- 3Y*
- 90.78%
- 5Y*
- 60.45%
- 10Y*
- 55.77%
ETHD vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 35.05% | -72.49% | -38.58% |
USD ProShares Ultra Semiconductors | 57.07% | 62.08% | -1.86% |
Correlation
The correlation between ETHD and USD is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2024 | -0.42 |
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Return for Risk
ETHD vs. USD — Risk / Return Rank
ETHD
USD
ETHD vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.10 | 3.06 | -3.15 |
| Martin ratioReturn relative to average drawdown | -0.15 | 7.80 | -7.96 |
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Drawdowns
ETHD vs. USD - Drawdown Comparison
The maximum ETHD drawdown since its inception was -95.59%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for ETHD and USD.
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Drawdown Indicators
| ETHD | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.59% | -88.63% | -6.96% |
Max Drawdown (1Y)Largest decline over 1 year | -57.19% | -31.80% | -25.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -89.45% | -27.44% | -62.01% |
Average DrawdownAverage peak-to-trough decline | -67.08% | -32.24% | -34.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.70% | 12.44% | +25.26% |
Volatility
ETHD vs. USD - Volatility Comparison
ProShares UltraShort Ether ETF (ETHD) and ProShares Ultra Semiconductors (USD) have volatilities of 29.51% and 29.85%, 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.
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Volatility by Period
| ETHD | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.51% | 29.85% | -0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 93.59% | 58.53% | +35.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.48% | 71.17% | +63.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.37% | 78.27% | +63.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.37% | 70.11% | +71.26% |
ETHD vs. USD - Expense Ratio Comparison
ETHD has a 1.01% expense ratio, which is higher than USD's 0.95% expense ratio.
Dividends
ETHD vs. USD - Dividend Comparison
ETHD's dividend yield for the trailing twelve months is around 5.51%, more than USD's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 5.51% | 156.62% | 19.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.37% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
ETHD and USD have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.85%) compared to ETHD (29.51%). In terms of maximum drawdown, ETHD dropped -95.59% vs USD's -88.63%.
On 1-year performance, USD leads with 96.75% vs -5.43% for ETHD. On fees, USD is cheaper at 0.95% per year. On volatility, ETHD has been the lower-risk option at 29.51%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 96.75% return vs -5.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USD is cheaper with a 0.95% expense ratio, compared with 1.01% for ETHD.
ETHD has the higher dividend yield at 5.51%, compared with 0.37% for USD.
ETHD is categorized as Cryptocurrency, while USD is Leveraged Equities. Their fees differ too: 1.01% for ETHD and 0.95% for USD.
USD currently has the higher Sharpe Ratio (1.37 vs -0.04), 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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