ETHT vs. TXXS

Last updated Jun 24, 2026

ETHT (ProShares Ultra Ether ETF) and TXXS (21Shares 2x Long Sui ETF) are both exchange-traded funds - ETHT is a Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%), while TXXS is a Leveraged Cryptocurrency fund actively managed by 21Shares. ETHT is passively managed, while TXXS is actively managed. Their correlation of 0.83 suggests significant overlap in exposure. ETHT charges 0.94%/yr vs 1.89%/yr for TXXS.

Performance

ETHT vs. TXXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Ether ETF (ETHT) and 21Shares 2x Long Sui ETF (TXXS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHT achieves a -77.62% return, which is significantly higher than TXXS's -86.40% return.

ETHT

• 1D: -8.32%
• 1M: -38.95%
• YTD: -77.62%
• 6M: -77.71%
• 1Y: -74.55%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TXXS

• 1D: -5.68%
• 1M: -59.51%
• YTD: -86.40%
• 6M: -87.60%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHT vs. TXXS - Yearly Performance Comparison

	2026 (YTD)	2025
ETHT ProShares Ultra Ether ETF	-77.62%	-13.86%
TXXS 21Shares 2x Long Sui ETF	-86.40%	-38.34%

Correlation

The correlation between ETHT and TXXS is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 4, 2025	0.83

Return for Risk

ETHT vs. TXXS — Risk / Return Rank

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

ETHT

ETHT Risk / Return Rank: 4
ETHT Sharpe Ratio Rank: 5
ETHT Sortino Ratio Rank: 5
ETHT Omega Ratio Rank: 5
ETHT Calmar Ratio Rank: 2
ETHT Martin Ratio Rank: 3

TXXS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ETHT vs. TXXS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) and 21Shares 2x Long Sui ETF (TXXS). 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	TXXS	Difference
Sharpe ratio: Return per unit of total volatility	-0.54	—	—
Sortino ratio: Return per unit of downside risk	-0.43	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.80	—	—
Martin ratio: Return relative to average drawdown	-1.14	—	—

Drawdowns

ETHT vs. TXXS - Drawdown Comparison

The maximum ETHT drawdown since its inception was -96.02%, roughly equal to the maximum TXXS drawdown of -92.21%. Use the drawdown chart below to compare losses from any high point for ETHT and TXXS.

Drawdown Indicators

	ETHT	TXXS	Difference
Max Drawdown Largest peak-to-trough decline	-96.02%	-92.21%	-3.81%
Max Drawdown (1Y) Largest decline over 1 year	-93.92%	—	—
Current Drawdown Current decline from peak	-95.71%	-92.21%	-3.50%
Average Drawdown Average peak-to-trough decline	-67.69%	-66.20%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	65.67%	—	—

Volatility

Volatility by Period

	ETHT	TXXS	Difference
Volatility (1M) Calculated over the trailing 1-month period	39.94%	—	—
Volatility (6M) Calculated over the trailing 6-month period	94.89%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	137.89%	183.17%	-45.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.20%	183.17%	-39.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.20%	183.17%	-39.97%

ETHT vs. TXXS - Expense Ratio Comparison

ETHT has a 0.94% expense ratio, which is lower than TXXS's 1.89% expense ratio.

Dividends

ETHT vs. TXXS - Dividend Comparison

ETHT's dividend yield for the trailing twelve months is around 21.23%, more than TXXS's 0.25% yield.

Position	TTM	2025	2024
ETHT ProShares Ultra Ether ETF	21.23%	4.57%	0.02%
TXXS 21Shares 2x Long Sui ETF	0.25%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ETHT and TXXS in my portfolio?

ETHT and TXXS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHT or TXXS?

On fees, ETHT is cheaper at 0.94% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHT or TXXS?

ETHT is cheaper with a 0.94% expense ratio, compared with 1.89% for TXXS.

Which ETF pays a higher dividend yield, ETHT or TXXS?

ETHT has the higher dividend yield at 21.23%, compared with 0.25% for TXXS.

What is the main difference between ETHT and TXXS?

ETHT is categorized as Cryptocurrency, while TXXS is Leveraged Cryptocurrency. They also come from different issuers: ProShares and 21Shares. Their fees differ too: 0.94% for ETHT and 1.89% for TXXS.