ETHT vs. ETH-USD
ETHT (ProShares Ultra Ether ETF) is Cryptocurrency fund tracking the Bloomberg Ethereum Index, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, ETHT returned -85.59% vs -47.12% for ETH-USD. Their 0.67 correlation means they have sometimes moved together and sometimes differently.
Performance
ETHT vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETHT achieves a -72.96% return, which is significantly lower than ETH-USD's -37.66% return.
ETHT
- 1D
- 0.22%
- 1M
- 17.04%
- 6M
- -52.05%
- YTD
- -72.96%
- 1Y
- -85.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -74.68%
ETH-USD
- 1D
- -1.80%
- 1M
- 3.94%
- 6M
- -21.14%
- YTD
- -37.66%
- 1Y
- -47.12%
- 3Y*
- 0.40%
- 5Y*
- -7.46%
- 10Y*
- 66.67%
- ALL TIME*
- 79.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETH-USD Ethereum | $17.73T | $18.49T | $25.40T |
| $14.64M | $15.79M | $19.32M |
ETHT vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHT ProShares Ultra Ether ETF | -72.96% | -64.86% | -45.44% |
ETH-USD Ethereum | -37.66% | -10.91% | -12.64% |
Correlation
The correlation between ETHT and ETH-USD is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2024 | 0.67 |
The correlation between ETHT and ETH-USD has been stable across timeframes, ranging from 0.67 to 0.72 - a consistent structural relationship.
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Return for Risk
ETHT vs. ETH-USD — Risk / Return Rank
ETHT
ETH-USD
ETHT vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) and Ethereum (ETH-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.
| ETHT | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.91 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.70 | -0.21 |
| Martin ratioReturn relative to average drawdown | -1.18 | -1.03 | -0.15 |
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Drawdowns
ETHT vs. ETH-USD - Drawdown Comparison
The maximum ETHT drawdown since its inception was -96.25%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for ETHT and ETH-USD.
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Drawdown Indicators
| ETHT | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.25% | -94.01% | -2.24% |
Max Drawdown (1Y)Largest decline over 1 year | -94.27% | -67.60% | -26.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.60% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -94.81% | -61.72% | -33.09% |
Average DrawdownAverage peak-to-trough decline | -69.11% | -51.05% | -18.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.53% | 35.03% | +37.50% |
Volatility
ETHT vs. ETH-USD - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) has a higher volatility of 24.40% compared to Ethereum (ETH-USD) at 11.81%. This indicates that ETHT's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHT | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.40% | 11.81% | +12.59% |
Volatility (6M)Calculated over the trailing 6-month period | 92.23% | 43.61% | +48.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 133.80% | 54.70% | +79.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.96% | 58.50% | +82.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.96% | 76.00% | +64.96% |
Frequently Asked Questions
ETHT and ETH-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (24.40%) compared to ETH-USD (11.81%). In terms of maximum drawdown, ETHT dropped -96.25% vs ETH-USD's -94.01%.
ETHT currently has the higher Sharpe Ratio (-0.64 vs -0.72), 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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