ETHU vs. IVV
ETHU (Volatility Shares 2x Ether ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ETHU is a Leveraged Cryptocurrency fund actively managed by Volatility Shares, while IVV is a S&P 500 fund tracking the S&P 500 Index. ETHU is actively managed, while IVV is passively managed. Over the past year, ETHU returned -84.67% vs 23.34% for IVV. Their 0.49 correlation means their historical movements had little consistent relationship. ETHU charges 2.67%/yr vs 0.03%/yr for IVV.
Performance
ETHU vs. IVV - Performance Comparison
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Returns By Period
In the year-to-date period, ETHU achieves a -71.31% return, which is significantly lower than IVV's 11.75% return.
ETHU
- 1D
- 0.13%
- 1M
- 18.20%
- 6M
- -49.62%
- YTD
- -71.31%
- 1Y
- -84.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -74.42%
IVV
- 1D
- 1.47%
- 1M
- 1.72%
- 6M
- 9.57%
- YTD
- 11.75%
- 1Y
- 23.34%
- 3Y*
- 20.85%
- 5Y*
- 13.13%
- 10Y*
- 15.14%
- ALL TIME*
- 8.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $84.08M | $87.05M | $93.41M | |
| $3.33B | $3.25B | $5.92B |
ETHU vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ETHU Volatility Shares 2x Ether ETF | -71.31% | -64.38% | -48.73% |
IVV iShares Core S&P 500 ETF | 11.75% | 17.85% | 12.17% |
Correlation
The correlation between ETHU and IVV is 0.51, 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. | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.49 |
The correlation between ETHU and IVV has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
ETHU vs. IVV — Risk / Return Rank
ETHU
IVV
ETHU vs. IVV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Volatility Shares 2x Ether ETF (ETHU) and iShares Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.51 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.33 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 2.64 | -3.54 |
| Martin ratioReturn relative to average drawdown | -1.17 | 11.23 | -12.40 |
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Drawdowns
ETHU vs. IVV - Drawdown Comparison
The maximum ETHU drawdown since its inception was -96.46%, which is greater than IVV's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ETHU and IVV.
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Drawdown Indicators
| ETHU | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -55.25% | -41.21% |
Max Drawdown (1Y)Largest decline over 1 year | -93.99% | -8.89% | -85.10% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -95.03% | 0.00% | -95.03% |
Average DrawdownAverage peak-to-trough decline | -71.24% | -10.72% | -60.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 72.32% | 2.08% | +70.24% |
Volatility
ETHU vs. IVV - Volatility Comparison
Volatility Shares 2x Ether ETF (ETHU) has a higher volatility of 24.02% compared to iShares Core S&P 500 ETF (IVV) at 3.81%. This indicates that ETHU's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHU | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.02% | 3.81% | +20.21% |
Volatility (6M)Calculated over the trailing 6-month period | 92.91% | 10.27% | +82.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 134.85% | 12.87% | +121.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 141.05% | 17.03% | +124.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 141.05% | 18.07% | +122.98% |
ETHU vs. IVV - Expense Ratio Comparison
ETHU has a 2.67% expense ratio, which is higher than IVV's 0.03% expense ratio.
Dividends
ETHU vs. IVV - Dividend Comparison
ETHU's dividend yield for the trailing twelve months is around 4.49%, more than IVV's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETHU Volatility Shares 2x Ether ETF | 4.49% | 2.31% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.08% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
ETHU and IVV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ETHU has higher volatility (24.02%) compared to IVV (3.81%). In terms of maximum drawdown, ETHU dropped -96.46% vs IVV's -55.25%.
On 1-year performance, IVV leads with 23.34% vs -84.67% for ETHU. On fees, IVV is cheaper at 0.03% per year. On volatility, IVV has been the lower-risk option at 3.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IVV has performed better with a 23.34% return vs -84.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVV is cheaper with a 0.03% expense ratio, compared with 2.67% for ETHU.
ETHU has the higher dividend yield at 4.49%, compared with 1.08% for IVV.
ETHU is categorized as Leveraged Cryptocurrency, while IVV is S&P 500. They also come from different issuers: Volatility Shares and iShares. Their fees differ too: 2.67% for ETHU and 0.03% for IVV.
IVV currently has the higher Sharpe Ratio (1.82 vs -0.63), 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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