ETU vs. ETHU

Last updated Jun 23, 2026

ETU (T-Rex 2X Long Ether Daily Target ETF) and ETHU (Volatility Shares 2x Ether ETF) are both Leveraged Cryptocurrency funds. Both are actively managed. Over the past year, ETU returned -72.96% vs -73.31% for ETHU. With a 1.00 correlation, they move nearly in lockstep. ETU charges 0.95%/yr vs 2.67%/yr for ETHU.

Performance

ETU vs. ETHU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-Rex 2X Long Ether Daily Target ETF (ETU) and Volatility Shares 2x Ether ETF (ETHU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with ETU having a -74.50% return and ETHU slightly higher at -74.44%.

ETU

• 1D: 3.08%
• 1M: -32.85%
• YTD: -74.50%
• 6M: -74.81%
• 1Y: -72.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ETHU

• 1D: 3.04%
• 1M: -32.84%
• YTD: -74.44%
• 6M: -74.65%
• 1Y: -73.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ETU vs. ETHU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ETU T-Rex 2X Long Ether Daily Target ETF	-74.50%	-62.44%	53.26%
ETHU Volatility Shares 2x Ether ETF	-74.44%	-64.38%	50.01%

Correlation

The correlation between ETU and ETHU is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (All Time) Calculated using the full available price history since Oct 24, 2024	1.00

The correlation between ETU and ETHU has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.

Return for Risk

ETU vs. ETHU — Risk / Return Rank

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

ETU

ETU Risk / Return Rank: 4
ETU Sharpe Ratio Rank: 5
ETU Sortino Ratio Rank: 6
ETU Omega Ratio Rank: 6
ETU Calmar Ratio Rank: 2
ETU Martin Ratio Rank: 3

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: 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.

ETU vs. ETHU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long Ether Daily Target ETF (ETU) and Volatility Shares 2x Ether ETF (ETHU). 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.

	ETU	ETHU	Difference
Sharpe ratio: Return per unit of total volatility	-0.53	-0.53	0.00
Sortino ratio: Return per unit of downside risk	-0.37	-0.37	0.00
Omega ratio: Gain probability vs. loss probability	0.96	0.96	0.00
Calmar ratio: Return relative to maximum drawdown	-0.78	-0.78	0.00
Martin ratio: Return relative to average drawdown	-1.12	-1.12	0.00

ETU vs. ETHU - Sharpe Ratio Comparison

The current ETU Sharpe Ratio is -0.53, which is comparable to the ETHU Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of ETU and ETHU, 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

ETU vs. ETHU - Drawdown Comparison

The maximum ETU drawdown since its inception was -94.77%, roughly equal to the maximum ETHU drawdown of -96.27%. Use the drawdown chart below to compare losses from any high point for ETU and ETHU.

Drawdown Indicators

	ETU	ETHU	Difference
Max Drawdown Largest peak-to-trough decline	-94.77%	-96.27%	+1.50%
Max Drawdown (1Y) Largest decline over 1 year	-93.62%	-93.66%	+0.04%
Current Drawdown Current decline from peak	-93.79%	-95.57%	+1.78%
Average Drawdown Average peak-to-trough decline	-63.16%	-69.88%	+6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	64.99%	65.25%	-0.26%

Volatility

ETU vs. ETHU - Volatility Comparison

T-Rex 2X Long Ether Daily Target ETF (ETU) and Volatility Shares 2x Ether ETF (ETHU) have volatilities of 40.50% and 39.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETU	ETHU	Difference
Volatility (1M) Calculated over the trailing 1-month period	40.50%	39.34%	+1.16%
Volatility (6M) Calculated over the trailing 6-month period	94.70%	95.40%	-0.70%
Volatility (1Y) Calculated over the trailing 1-year period	138.07%	138.95%	-0.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	146.29%	143.32%	+2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	146.29%	143.32%	+2.97%

ETU vs. ETHU - Expense Ratio Comparison

ETU has a 0.95% expense ratio, which is lower than ETHU's 2.67% expense ratio.

Dividends

ETU vs. ETHU - Dividend Comparison

ETU's dividend yield for the trailing twelve months is around 0.01%, less than ETHU's 5.74% yield.

Position	TTM	2025	2024
ETHU Volatility Shares 2x Ether ETF	5.74%	2.31%	0.41%
ETU T-Rex 2X Long Ether Daily Target ETF	0.01%	0.00%	0.05%

Frequently Asked Questions

Can I hold both ETU and ETHU in my portfolio?

With a correlation of 1.00, ETU and ETHU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ETU or ETHU?

ETU has higher volatility (40.50%) compared to ETHU (39.34%). In terms of maximum drawdown, ETU dropped -94.77% vs ETHU's -96.27%.

Which ETF is better, ETU or ETHU?

On 1-year performance, ETU leads with -72.96% vs -73.31% for ETHU. On fees, ETU is cheaper at 0.95% per year. On volatility, ETHU has been the lower-risk option at 39.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ETU or ETHU?

Over the 1-year period, ETU has performed better with a -72.96% return vs -73.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ETU or ETHU?

ETU is cheaper with a 0.95% expense ratio, compared with 2.67% for ETHU.

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

ETHU has the higher dividend yield at 5.74%, compared with 0.01% for ETU.

What is the main difference between ETU and ETHU?

They also come from different issuers: REX Shares and Volatility Shares. Their fees differ too: 0.95% for ETU and 2.67% for ETHU.

Which has better risk-adjusted returns?

ETHU currently has the higher Sharpe Ratio (-0.53 vs -0.53), 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.