ETHU vs. BEGS

Last updated Jul 15, 2026

ETHU (Volatility Shares 2x Ether ETF) and BEGS (Rareview 2x Bull Cryptocurrency & Precious Metals ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. Over the past year, ETHU returned -79.51% vs -36.61% for BEGS. Their correlation of 0.82 suggests significant overlap in exposure. ETHU charges 2.67%/yr vs 0.99%/yr for BEGS.

Performance

ETHU vs. BEGS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Volatility Shares 2x Ether ETF (ETHU) and Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETHU achieves a -70.69% return, which is significantly lower than BEGS's -39.47% return.

ETHU

• 1D: 11.46%
• 1M: 22.71%
• 6M: -74.56%
• YTD: -70.69%
• 1Y: -79.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BEGS

• 1D: 6.18%
• 1M: -3.94%
• 6M: -48.64%
• YTD: -39.47%
• 1Y: -36.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETHU vs. BEGS - Yearly Performance Comparison

	2026 (YTD)	2025
ETHU Volatility Shares 2x Ether ETF	-70.69%	-39.07%
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	-39.47%	32.00%

Correlation

The correlation between ETHU and BEGS 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 (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025	0.82

The correlation between ETHU and BEGS has been stable across timeframes, ranging from 0.82 to 0.83 - a consistent structural relationship.

Return for Risk

ETHU vs. BEGS — Risk / Return Rank

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

ETHU

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

BEGS

BEGS Risk / Return Rank: 5
BEGS Sharpe Ratio Rank: 5
BEGS Sortino Ratio Rank: 6
BEGS Omega Ratio Rank: 5
BEGS Calmar Ratio Rank: 4
BEGS Martin Ratio Rank: 3

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.

ETHU vs. BEGS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Ether ETF (ETHU) and Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS). 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.

	ETHU	BEGS	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	-0.55	-0.03
Sortino ratio: Return per unit of downside risk	-0.65	-0.45	-0.20
Omega ratio: Gain probability vs. loss probability	0.93	0.95	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.85	-0.61	-0.24
Martin ratio: Return relative to average drawdown	-1.15	-1.24	+0.08

ETHU vs. BEGS - Sharpe Ratio Comparison

The current ETHU Sharpe Ratio is -0.58, which is comparable to the BEGS Sharpe Ratio of -0.55. The chart below compares the historical Sharpe Ratios of ETHU and BEGS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETHU vs. BEGS - Drawdown Comparison

The maximum ETHU drawdown since its inception was -96.46%, which is greater than BEGS's maximum drawdown of -60.23%. Use the drawdown chart below to compare losses from any high point for ETHU and BEGS.

Drawdown Indicators

	ETHU	BEGS	Difference
Max Drawdown Largest peak-to-trough decline	-96.46%	-60.23%	-36.23%
Max Drawdown (1Y) Largest decline over 1 year	-93.99%	-60.23%	-33.76%
Current Drawdown Current decline from peak	-94.93%	-55.15%	-39.78%
Average Drawdown Average peak-to-trough decline	-70.62%	-19.50%	-51.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.07%	29.68%	+39.39%

Volatility

ETHU vs. BEGS - Volatility Comparison

Volatility Shares 2x Ether ETF (ETHU) has a higher volatility of 32.99% compared to Rareview 2x Bull Cryptocurrency & Precious Metals ETF (BEGS) at 20.37%. This indicates that ETHU's price experiences larger fluctuations and is considered to be riskier than BEGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHU	BEGS	Difference
Volatility (1M) Calculated over the trailing 1-month period	32.99%	20.37%	+12.62%
Volatility (6M) Calculated over the trailing 6-month period	96.63%	57.30%	+39.33%
Volatility (1Y) Calculated over the trailing 1-year period	137.49%	67.39%	+70.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	142.44%	63.80%	+78.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	142.44%	63.80%	+78.64%

ETHU vs. BEGS - Expense Ratio Comparison

ETHU has a 2.67% expense ratio, which is higher than BEGS's 0.99% expense ratio.

Dividends

ETHU vs. BEGS - Dividend Comparison

ETHU's dividend yield for the trailing twelve months is around 4.82%, less than BEGS's 79.67% yield.

Position	TTM	2025	2024
BEGS Rareview 2x Bull Cryptocurrency & Precious Metals ETF	79.67%	48.23%	0.00%
ETHU Volatility Shares 2x Ether ETF	4.82%	2.31%	0.41%

Frequently Asked Questions

Can I hold both ETHU and BEGS in my portfolio?

ETHU and BEGS 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 is riskier, ETHU or BEGS?

ETHU has higher volatility (32.99%) compared to BEGS (20.37%). In terms of maximum drawdown, ETHU dropped -96.46% vs BEGS's -60.23%.

Which ETF is better, ETHU or BEGS?

On 1-year performance, BEGS leads with -36.61% vs -79.51% for ETHU. On fees, BEGS is cheaper at 0.99% per year. On volatility, BEGS has been the lower-risk option at 20.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETHU or BEGS?

Over the 1-year period, BEGS has performed better with a -36.61% return vs -79.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETHU or BEGS?

BEGS is cheaper with a 0.99% expense ratio, compared with 2.67% for ETHU.

Which ETF pays a higher dividend yield, ETHU or BEGS?

BEGS has the higher dividend yield at 79.67%, compared with 4.82% for ETHU.

What is the main difference between ETHU and BEGS?

They also come from different issuers: Volatility Shares and Rareview. Their fees differ too: 2.67% for ETHU and 0.99% for BEGS.

Which has better risk-adjusted returns?

BEGS currently has the higher Sharpe Ratio (-0.55 vs -0.58), 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.