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 -85.95% vs -49.94% for ETH-USD. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
ETHU vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, ETHU achieves a -71.18% return, which is significantly lower than ETH-USD's -37.22% return.
ETHU
- 1D
- 0.45%
- 1M
- 18.73%
- 6M
- -48.35%
- YTD
- -71.18%
- 1Y
- -85.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -74.32%
ETH-USD
- 1D
- 0.20%
- 1M
- 4.39%
- 6M
- -16.49%
- YTD
- -37.22%
- 1Y
- -49.94%
- 3Y*
- 0.50%
- 5Y*
- -8.02%
- 10Y*
- 67.04%
- ALL TIME*
- 79.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
ETH-USD Ethereum | $17.03T | $18.31T | $24.95T |
| $81.06M | $85.31M | $92.56M |
ETHU vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHU Volatility Shares 2x Ether ETF | -71.18% | -64.38% | -48.73% |
ETH-USD Ethereum | -37.22% | -10.91% | -11.57% |
Correlation
The correlation between ETHU and ETH-USD is 0.72, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.72 |
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 0.72 - 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 | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.90 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.74 | -0.18 |
| Martin ratioReturn relative to average drawdown | -1.18 | -1.09 | -0.10 |
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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% | -67.60% | -26.39% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.60% | — |
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 | -95.01% | -61.45% | -33.56% |
Average DrawdownAverage peak-to-trough decline | -71.29% | -51.05% | -20.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.55% | 35.14% | +37.41% |
Volatility
ETHU vs. ETH-USD - Volatility Comparison
Volatility Shares 2x Ether ETF (ETHU) has a higher volatility of 21.79% compared to Ethereum (ETH-USD) at 11.73%. 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 | 21.79% | 11.73% | +10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 87.85% | 43.32% | +44.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.58% | 54.63% | +79.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 140.92% | 58.41% | +82.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 140.92% | 76.00% | +64.92% |
Frequently Asked Questions
ETHU and ETH-USD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (21.79%) compared to ETH-USD (11.73%). In terms of maximum drawdown, ETHU dropped -96.46% vs ETH-USD's -94.01%.
ETHU currently has the higher Sharpe Ratio (-0.64 vs -0.76), 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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