ETHD vs. YETH

Last updated Jun 4, 2026

ETHD (ProShares UltraShort Ether ETF) and YETH (Roundhill Ether Covered Call Strategy ETF) are both exchange-traded funds - ETHD is a Cryptocurrency fund actively managed by ProShares, while YETH is a Derivative Income fund actively managed by Roundhill. Both are actively managed. Over the past year, ETHD returned -42.18% vs -30.02% for YETH. At a correlation of -0.92, they often move in opposite directions. ETHD charges 1.01%/yr vs 0.95%/yr for YETH.

Performance

ETHD vs. YETH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Ether ETF (ETHD) and Roundhill Ether Covered Call Strategy ETF (YETH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHD achieves a 63.80% return, which is significantly higher than YETH's -32.96% return.

ETHD

• 1D: 11.25%
• 1M: 66.19%
• YTD: 63.80%
• 6M: 72.54%
• 1Y: -42.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

YETH

• 1D: -5.65%
• 1M: -21.15%
• YTD: -32.96%
• 6M: -31.91%
• 1Y: -30.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHD vs. YETH - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETHD ProShares UltraShort Ether ETF	63.80%	-72.49%	-65.74%
YETH Roundhill Ether Covered Call Strategy ETF	-32.96%	-32.10%	24.84%

Correlation

The correlation between ETHD and YETH is -0.93, 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	-0.93
Correlation (All Time) Calculated using the full available price history since Sep 5, 2024	-0.92

The correlation between ETHD and YETH has been stable across timeframes, ranging from -0.93 to -0.92 - a consistent structural relationship.

Return for Risk

ETHD vs. YETH — Risk / Return Rank

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

ETHD

ETHD Risk / Return Rank: 8
ETHD Sharpe Ratio Rank: 6
ETHD Sortino Ratio Rank: 11
ETHD Omega Ratio Rank: 11
ETHD Calmar Ratio Rank: 4
ETHD Martin Ratio Rank: 6

YETH

YETH Risk / Return Rank: 4
YETH Sharpe Ratio Rank: 4
YETH Sortino Ratio Rank: 5
YETH Omega Ratio Rank: 5
YETH Calmar Ratio Rank: 4
YETH 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. YETH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Ether ETF (ETHD) and Roundhill Ether Covered Call Strategy ETF (YETH). 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	YETH	Difference
Sharpe ratio: Return per unit of total volatility	-0.31	-0.53	+0.22
Sortino ratio: Return per unit of downside risk	0.40	-0.47	+0.87
Omega ratio: Gain probability vs. loss probability	1.05	0.94	+0.10
Calmar ratio: Return relative to maximum drawdown	-0.51	-0.54	+0.04
Martin ratio: Return relative to average drawdown	-0.64	-0.97	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHD vs. YETH - Sharpe Ratio Comparison

The current ETHD Sharpe Ratio is -0.31, which is higher than the YETH Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of ETHD and YETH, 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

	ETHD	YETH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.31	-0.53	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	-0.35	-0.50	+0.15

Drawdowns

ETHD vs. YETH - Drawdown Comparison

The maximum ETHD drawdown since its inception was -95.59%, which is greater than YETH's maximum drawdown of -61.73%. Use the drawdown chart below to compare losses from any high point for ETHD and YETH.

Drawdown Indicators

	ETHD	YETH	Difference
Max Drawdown Largest peak-to-trough decline	-95.59%	-61.73%	-33.86%
Max Drawdown (1Y) Largest decline over 1 year	-83.63%	-55.63%	-28.00%
Current Drawdown Current decline from peak	-87.20%	-59.04%	-28.16%
Average Drawdown Average peak-to-trough decline	-66.01%	-30.92%	-35.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	66.00%	30.92%	+35.08%

Volatility

ETHD vs. YETH - Volatility Comparison

ProShares UltraShort Ether ETF (ETHD) has a higher volatility of 19.00% compared to Roundhill Ether Covered Call Strategy ETF (YETH) at 9.54%. This indicates that ETHD's price experiences larger fluctuations and is considered to be riskier than YETH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHD	YETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.00%	9.54%	+9.46%
Volatility (6M) Calculated over the trailing 6-month period	92.37%	38.84%	+53.53%
Volatility (1Y) Calculated over the trailing 1-year period	136.23%	57.08%	+79.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.19%	55.42%	+86.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.19%	55.42%	+86.77%

ETHD vs. YETH - Expense Ratio Comparison

ETHD has a 1.01% expense ratio, which is higher than YETH's 0.95% expense ratio.

Dividends

ETHD vs. YETH - Dividend Comparison

ETHD's dividend yield for the trailing twelve months is around 10.68%, less than YETH's 142.11% yield.

Position	TTM	2025	2024
ETHD ProShares UltraShort Ether ETF	10.68%	156.62%	19.15%
YETH Roundhill Ether Covered Call Strategy ETF	142.11%	109.12%	20.52%

Frequently Asked Questions

Can I hold both ETHD and YETH in my portfolio?

ETHD and YETH have a correlation of -0.93, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETHD or YETH?

ETHD has higher volatility (19.00%) compared to YETH (9.54%). In terms of maximum drawdown, ETHD dropped -95.59% vs YETH's -61.73%.

Which ETF is better, ETHD or YETH?

On 1-year performance, YETH leads with -30.02% vs -42.18% for ETHD. On fees, YETH is cheaper at 0.95% per year. On volatility, YETH has been the lower-risk option at 9.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHD or YETH?

Over the 1-year period, YETH has performed better with a -30.02% return vs -42.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHD or YETH?

YETH is cheaper with a 0.95% expense ratio, compared with 1.01% for ETHD.

Which ETF pays a higher dividend yield, ETHD or YETH?

YETH has the higher dividend yield at 142.11%, compared with 10.68% for ETHD.

What is the main difference between ETHD and YETH?

ETHD is categorized as Cryptocurrency, while YETH is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 1.01% for ETHD and 0.95% for YETH.

Which has better risk-adjusted returns?

ETHD currently has the higher Sharpe Ratio (-0.31 vs -0.53), 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.