ETHT vs. SQQQ
Compare and contrast key facts about ProShares Ultra Ether ETF (ETHT) and ProShares UltraPro Short QQQ (SQQQ).
ETHT and SQQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ETHT is a passively managed fund by ProShares that tracks the performance of the Bloomberg Ethereum Index (200%). It was launched on Jun 6, 2024. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010. Both ETHT and SQQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ETHT vs. SQQQ - Performance Comparison
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ETHT vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHT ProShares Ultra Ether ETF | -60.06% | -64.86% | -41.68% |
SQQQ ProShares UltraPro Short QQQ | 18.46% | -53.05% | -28.62% |
Returns By Period
In the year-to-date period, ETHT achieves a -60.06% return, which is significantly lower than SQQQ's 18.46% return.
ETHT
- 1D
- 7.31%
- 1M
- 12.62%
- YTD
- -60.06%
- 6M
- -83.27%
- 1Y
- -39.79%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- -9.99%
- 1M
- 14.53%
- YTD
- 18.46%
- 6M
- 9.00%
- 1Y
- -55.48%
- 3Y*
- -48.73%
- 5Y*
- -42.26%
- 10Y*
- -52.52%
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ETHT vs. SQQQ - Expense Ratio Comparison
ETHT has a 0.94% expense ratio, which is lower than SQQQ's 0.95% expense ratio.
Return for Risk
ETHT vs. SQQQ — Risk / Return Rank
ETHT
SQQQ
ETHT vs. SQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) and ProShares UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | -0.83 | +0.56 |
Sortino ratioReturn per unit of downside risk | 0.63 | -1.11 | +1.74 |
Omega ratioGain probability vs. loss probability | 1.07 | 0.85 | +0.23 |
Calmar ratioReturn relative to maximum drawdown | -0.47 | -0.74 | +0.26 |
Martin ratioReturn relative to average drawdown | -0.83 | -0.85 | +0.02 |
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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | -0.83 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.51 | -0.84 | +0.33 |
Correlation
The correlation between ETHT and SQQQ is -0.51. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
ETHT vs. SQQQ - Dividend Comparison
ETHT's dividend yield for the trailing twelve months is around 11.73%, more than SQQQ's 5.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETHT ProShares Ultra Ether ETF | 11.73% | 4.57% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 5.77% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
ETHT vs. SQQQ - Drawdown Comparison
The maximum ETHT drawdown since its inception was -93.10%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for ETHT and SQQQ.
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Drawdown Indicators
| ETHT | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.10% | -100.00% | +6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -90.13% | -75.23% | -14.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.96% | — |
Current DrawdownCurrent decline from peak | -91.81% | -100.00% | +8.19% |
Average DrawdownAverage peak-to-trough decline | -62.26% | -92.32% | +30.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.51% | 65.25% | -13.74% |
Volatility
ETHT vs. SQQQ - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) has a higher volatility of 37.83% compared to ProShares UltraPro Short QQQ (SQQQ) at 19.67%. This indicates that ETHT's price experiences larger fluctuations and is considered to be riskier than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHT | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 37.83% | 19.67% | +18.16% |
Volatility (6M)Calculated over the trailing 6-month period | 107.97% | 38.04% | +69.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 151.62% | 67.28% | +84.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 147.59% | 66.67% | +80.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 147.59% | 65.97% | +81.62% |