ETHU vs. ETH-USD
ETHU (Volatility Shares 2x Ether ETF) is Cryptocurrency fund actively managed by Volatility Shares, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, ETHU returned -80.06% vs -34.03% for ETH-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
ETHU vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETHU achieves a -78.43% return, which is significantly lower than ETH-USD's -46.29% return.
ETHU
- 1D
- -22.60%
- 1M
- -56.94%
- YTD
- -78.43%
- 6M
- -79.79%
- 1Y
- -80.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -9.90%
- 1M
- -32.21%
- YTD
- -46.29%
- 6M
- -47.28%
- 1Y
- -34.03%
- 3Y*
- -5.45%
- 5Y*
- -10.08%
- 10Y*
- 59.97%
ETHU vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHU Volatility Shares 2x Ether ETF | -78.43% | -64.38% | -49.29% |
ETH-USD Ethereum | -46.29% | -10.91% | -12.60% |
Correlation
The correlation between ETHU and ETH-USD is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024 | 0.68 |
The correlation between ETHU and ETH-USD has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.
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Return for Risk
ETHU vs. ETH-USD — Risk / Return Rank
ETHU
ETH-USD
ETHU vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Ether ETF (ETHU) and Ethereum (ETH-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.
| ETHU | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.96 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.51 | -0.35 |
| Martin ratioReturn relative to average drawdown | -1.27 | -0.89 | -0.38 |
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
| ETHU | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | -0.50 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.14 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.56 | 0.74 | -1.30 |
Drawdowns
ETHU vs. ETH-USD - Drawdown Comparison
The maximum ETHU drawdown since its inception was -96.27%, roughly equal to the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for ETHU and ETH-USD.
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Drawdown Indicators
| ETHU | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.27% | -94.01% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -93.66% | -67.02% | -26.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.02% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -96.27% | -67.02% | -29.25% |
Average DrawdownAverage peak-to-trough decline | -69.51% | -50.88% | -18.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 62.88% | 44.01% | +18.87% |
Volatility
ETHU vs. ETH-USD - Volatility Comparison
Volatility Shares 2x Ether ETF (ETHU) has a higher volatility of 30.24% compared to Ethereum (ETH-USD) at 14.30%. This indicates that ETHU's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHU | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.24% | 14.30% | +15.94% |
Volatility (6M)Calculated over the trailing 6-month period | 94.97% | 46.06% | +48.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 139.25% | 56.49% | +82.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.70% | 59.61% | +84.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.70% | 78.01% | +65.69% |
Frequently Asked Questions
ETHU and ETH-USD have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (30.24%) compared to ETH-USD (14.30%). In terms of maximum drawdown, ETHU dropped -96.27% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.50 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.
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