ETHT vs. ETH-USD
ETHT (ProShares Ultra Ether ETF) is Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%), while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, ETHT returned -74.55% vs -30.82% for ETH-USD. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
ETHT vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETHT achieves a -77.62% return, which is significantly lower than ETH-USD's -43.74% return.
ETHT
- 1D
- -8.32%
- 1M
- -38.95%
- YTD
- -77.62%
- 6M
- -77.71%
- 1Y
- -74.55%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -3.30%
- 1M
- -20.41%
- YTD
- -43.74%
- 6M
- -43.66%
- 1Y
- -30.82%
- 3Y*
- -3.82%
- 5Y*
- -3.44%
- 10Y*
- 60.88%
ETHT vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHT ProShares Ultra Ether ETF | -77.62% | -64.86% | -45.44% |
ETH-USD Ethereum | -43.74% | -10.91% | -12.64% |
Correlation
The correlation between ETHT and ETH-USD is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
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 0.71 - 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 | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.97 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.46 | -0.34 |
| Martin ratioReturn relative to average drawdown | -1.14 | -0.76 | -0.38 |
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Drawdowns
ETHT vs. ETH-USD - Drawdown Comparison
The maximum ETHT drawdown since its inception was -96.02%, 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 | -96.02% | -94.01% | -2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -93.92% | -67.53% | -26.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
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 | -95.71% | -65.45% | -30.26% |
Average DrawdownAverage peak-to-trough decline | -67.69% | -50.93% | -16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 65.67% | 41.14% | +24.53% |
Volatility
ETHT vs. ETH-USD - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) has a higher volatility of 39.94% compared to Ethereum (ETH-USD) at 18.13%. 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 | 39.94% | 18.13% | +21.81% |
Volatility (6M)Calculated over the trailing 6-month period | 94.89% | 46.20% | +48.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 137.89% | 56.03% | +81.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.20% | 59.16% | +84.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.20% | 77.04% | +66.16% |
Frequently Asked Questions
ETHT and ETH-USD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (39.94%) compared to ETH-USD (18.13%). In terms of maximum drawdown, ETHT dropped -96.02% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.46 vs -0.54), 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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