ETHT vs. RAVI
ETHT (ProShares Ultra Ether ETF) and RAVI (FlexShares Ultra-Short Income ETF) are both exchange-traded funds - ETHT is a Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%), while RAVI is a Ultrashort Bond fund actively managed by FlexShares. ETHT is passively managed, while RAVI is actively managed. Over the past year, ETHT returned -76.37% vs 4.50% for RAVI. At a correlation of -0.01, they often move in opposite directions. ETHT charges 0.94%/yr vs 0.25%/yr for RAVI.
Performance
ETHT vs. RAVI - Performance Comparison
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Returns By Period
In the year-to-date period, ETHT achieves a -72.39% return, which is significantly lower than RAVI's 1.53% return.
ETHT
- 1D
- -11.32%
- 1M
- -43.48%
- YTD
- -72.39%
- 6M
- -76.21%
- 1Y
- -76.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RAVI
- 1D
- 0.02%
- 1M
- 0.39%
- YTD
- 1.53%
- 6M
- 1.92%
- 1Y
- 4.50%
- 3Y*
- 5.21%
- 5Y*
- 3.50%
- 10Y*
- 2.67%
ETHT vs. RAVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHT ProShares Ultra Ether ETF | -72.39% | -64.86% | -41.68% |
RAVI FlexShares Ultra-Short Income ETF | 1.53% | 4.98% | 3.07% |
Correlation
The correlation between ETHT and RAVI is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2024 | -0.01 |
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Return for Risk
ETHT vs. RAVI — Risk / Return Rank
ETHT
RAVI
ETHT vs. RAVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) and FlexShares Ultra-Short Income ETF (RAVI). 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.
| ETHT | RAVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -11.58 | ||
| Sortino ratioReturn per unit of downside risk | -24.21 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 5.39 | -4.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 38.66 | -39.50 |
| Martin ratioReturn relative to average drawdown | -1.22 | 225.58 | -226.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETHT | RAVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 11.02 | -11.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.49 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 2.03 | -2.57 |
Drawdowns
ETHT vs. RAVI - Drawdown Comparison
The maximum ETHT drawdown since its inception was -94.34%, which is greater than RAVI's maximum drawdown of -3.72%. Use the drawdown chart below to compare losses from any high point for ETHT and RAVI.
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Drawdown Indicators
| ETHT | RAVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.34% | -3.72% | -90.62% |
Max Drawdown (1Y)Largest decline over 1 year | -91.91% | -0.12% | -91.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -3.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -3.72% | — |
Current DrawdownCurrent decline from peak | -94.34% | 0.00% | -94.34% |
Average DrawdownAverage peak-to-trough decline | -64.82% | -0.17% | -64.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.48% | 0.02% | +62.46% |
Volatility
ETHT vs. RAVI - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) has a higher volatility of 20.43% compared to FlexShares Ultra-Short Income ETF (RAVI) at 0.15%. This indicates that ETHT's price experiences larger fluctuations and is considered to be riskier than RAVI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHT | RAVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.43% | 0.15% | +20.28% |
Volatility (6M)Calculated over the trailing 6-month period | 92.88% | 0.30% | +92.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.57% | 0.41% | +136.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.90% | 1.41% | +141.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.90% | 1.28% | +141.62% |
ETHT vs. RAVI - Expense Ratio Comparison
ETHT has a 0.94% expense ratio, which is higher than RAVI's 0.25% expense ratio.
Dividends
ETHT vs. RAVI - Dividend Comparison
ETHT's dividend yield for the trailing twelve months is around 17.20%, more than RAVI's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ETHT ProShares Ultra Ether ETF | 17.20% | 4.57% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RAVI FlexShares Ultra-Short Income ETF | 4.38% | 4.59% | 5.34% | 4.55% | 1.70% | 0.90% | 1.29% | 2.53% | 2.22% | 1.28% | 0.90% |
Frequently Asked Questions
ETHT and RAVI have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHT has higher volatility (20.43%) compared to RAVI (0.15%). In terms of maximum drawdown, ETHT dropped -94.34% vs RAVI's -3.72%.
On 1-year performance, RAVI leads with 4.50% vs -76.37% for ETHT. On fees, RAVI is cheaper at 0.25% per year. On volatility, RAVI has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RAVI has performed better with a 4.50% return vs -76.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RAVI is cheaper with a 0.25% expense ratio, compared with 0.94% for ETHT.
ETHT has the higher dividend yield at 17.20%, compared with 4.38% for RAVI.
ETHT is categorized as Cryptocurrency, while RAVI is Ultrashort Bond. They also come from different issuers: ProShares and FlexShares. Their fees differ too: 0.94% for ETHT and 0.25% for RAVI.
RAVI currently has the higher Sharpe Ratio (11.02 vs -0.56), 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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