ETHT vs. USD
ETHT (ProShares Ultra Ether ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - ETHT is a Cryptocurrency fund tracking the Bloomberg Ethereum Index (200%), while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past year, ETHT returned -76.37% vs 274.62% for USD. At a 0.43 correlation, their price movements are largely independent. ETHT charges 0.94%/yr vs 0.95%/yr for USD.
Performance
ETHT vs. USD - 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 USD's 114.00% return.
ETHT
- 1D
- -11.32%
- 1M
- -43.48%
- YTD
- -72.39%
- 6M
- -76.21%
- 1Y
- -76.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
ETHT vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHT ProShares Ultra Ether ETF | -72.39% | -64.86% | -41.68% |
USD ProShares Ultra Semiconductors | 114.00% | 62.08% | -1.57% |
Correlation
The correlation between ETHT and USD is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 10, 2024 | 0.43 |
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Return for Risk
ETHT vs. USD — Risk / Return Rank
ETHT
USD
ETHT vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Ether ETF (ETHT) and ProShares Ultra Semiconductors (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.
| ETHT | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.34 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.51 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 8.70 | -9.53 |
| Martin ratioReturn relative to average drawdown | -1.22 | 25.16 | -26.38 |
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 | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 4.53 | -5.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.49 | -1.03 |
Drawdowns
ETHT vs. USD - Drawdown Comparison
The maximum ETHT drawdown since its inception was -94.34%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for ETHT and USD.
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Drawdown Indicators
| ETHT | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.34% | -88.63% | -5.71% |
Max Drawdown (1Y)Largest decline over 1 year | -91.91% | -31.80% | -60.11% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -94.34% | -1.14% | -93.20% |
Average DrawdownAverage peak-to-trough decline | -64.82% | -32.35% | -32.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.48% | 10.97% | +51.51% |
Volatility
ETHT vs. USD - Volatility Comparison
ProShares Ultra Ether ETF (ETHT) and ProShares Ultra Semiconductors (USD) have volatilities of 20.43% and 20.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHT | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.43% | 20.36% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 92.88% | 46.39% | +46.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 136.57% | 61.22% | +75.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 142.90% | 76.55% | +66.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 142.90% | 69.23% | +73.67% |
ETHT vs. USD - Expense Ratio Comparison
ETHT has a 0.94% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
ETHT vs. USD - Dividend Comparison
ETHT's dividend yield for the trailing twelve months is around 17.20%, more than USD's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
USD ProShares Ultra Semiconductors | 0.21% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
ETHT and USD have a correlation of 0.45, 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 USD (20.36%). In terms of maximum drawdown, ETHT dropped -94.34% vs USD's -88.63%.
On 1-year performance, USD leads with 274.62% vs -76.37% for ETHT. On fees, ETHT is cheaper at 0.94% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 274.62% return vs -76.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ETHT is cheaper with a 0.94% expense ratio, compared with 0.95% for USD.
ETHT has the higher dividend yield at 17.20%, compared with 0.21% for USD.
ETHT is categorized as Cryptocurrency, while USD is Leveraged Equities. ETHT tracks Bloomberg Ethereum Index (200%), while USD tracks Dow Jones U.S. Semiconductors Index (200%). Their fees differ too: 0.94% for ETHT and 0.95% for USD.
USD currently has the higher Sharpe Ratio (4.53 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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