ETHU vs. ETH-USD
ETHU (Volatility Shares 2x Ether ETF) is Leveraged Cryptocurrency fund actively managed by Volatility Shares, while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, ETHU returned -78.84% vs -35.44% 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 -79.57% return, which is significantly lower than ETH-USD's -47.34% return.
ETHU
- 1D
- -3.56%
- 1M
- -46.59%
- YTD
- -79.57%
- 6M
- -79.19%
- 1Y
- -78.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -3.54%
- 1M
- -24.55%
- YTD
- -47.34%
- 6M
- -46.17%
- 1Y
- -35.44%
- 3Y*
- -5.63%
- 5Y*
- -3.10%
- 10Y*
- 60.12%
ETHU vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHU Volatility Shares 2x Ether ETF | -79.57% | -64.38% | -48.73% |
ETH-USD Ethereum | -47.34% | -10.91% | -11.57% |
Correlation
The correlation between ETHU and ETH-USD is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.68 |
The correlation between ETHU and ETH-USD has been stable across timeframes, ranging from 0.68 to 0.71 - 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.
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 | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.95 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.52 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.19 | -0.87 | -0.33 |
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Drawdowns
ETHU vs. ETH-USD - Drawdown Comparison
The maximum ETHU drawdown since its inception was -96.46%, 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 | -96.46% | -94.01% | -2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -93.99% | -67.66% | -26.33% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.66% | — |
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 | -96.46% | -67.66% | -28.80% |
Average DrawdownAverage peak-to-trough decline | -70.04% | -50.93% | -19.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 66.04% | 41.50% | +24.54% |
Volatility
ETHU vs. ETH-USD - Volatility Comparison
Volatility Shares 2x Ether ETF (ETHU) has a higher volatility of 39.99% compared to Ethereum (ETH-USD) at 18.39%. 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 | 39.99% | 18.39% | +21.60% |
Volatility (6M)Calculated over the trailing 6-month period | 94.89% | 46.39% | +48.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 138.64% | 55.72% | +82.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 143.18% | 59.09% | +84.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 143.18% | 77.04% | +66.14% |
Frequently Asked Questions
ETHU and ETH-USD have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (39.99%) compared to ETH-USD (18.39%). In terms of maximum drawdown, ETHU dropped -96.46% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.53 vs -0.57), 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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