GDOG vs. ETHD
GDOG (Grayscale Dogecoin Trust ETF) and ETHD (ProShares UltraShort Ether ETF) are both Cryptocurrency funds. GDOG is passively managed, while ETHD is actively managed. At a correlation of -0.79, they often move in opposite directions. GDOG charges 0.35%/yr vs 1.01%/yr for ETHD.
Performance
GDOG vs. ETHD - Performance Comparison
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Returns By Period
In the year-to-date period, GDOG achieves a -23.98% return, which is significantly lower than ETHD's 68.24% return.
GDOG
- 1D
- -2.70%
- 1M
- -21.69%
- YTD
- -23.98%
- 6M
- -39.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHD
- 1D
- 2.71%
- 1M
- 73.12%
- YTD
- 68.24%
- 6M
- 77.63%
- 1Y
- -40.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GDOG vs. ETHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GDOG Grayscale Dogecoin Trust ETF | -23.98% | -23.70% |
ETHD ProShares UltraShort Ether ETF | 68.24% | -11.00% |
Correlation
The correlation between GDOG and ETHD is -0.79, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 25, 2025 | -0.79 |
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Return for Risk
GDOG vs. ETHD — Risk / Return Rank
GDOG
ETHD
GDOG vs. ETHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grayscale Dogecoin Trust ETF (GDOG) and ProShares UltraShort Ether ETF (ETHD). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| GDOG | ETHD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.88 | -0.34 | -0.54 |
Drawdowns
GDOG vs. ETHD - Drawdown Comparison
The maximum GDOG drawdown since its inception was -42.91%, smaller than the maximum ETHD drawdown of -95.59%. Use the drawdown chart below to compare losses from any high point for GDOG and ETHD.
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Drawdown Indicators
| GDOG | ETHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.91% | -95.59% | +52.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -83.63% | — |
Current DrawdownCurrent decline from peak | -42.75% | -86.85% | +44.10% |
Average DrawdownAverage peak-to-trough decline | -28.59% | -66.06% | +37.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 66.08% | — |
Volatility
GDOG vs. ETHD - Volatility Comparison
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Volatility by Period
| GDOG | ETHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 18.57% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 90.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.77% | 136.04% | -62.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.77% | 142.06% | -68.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.77% | 142.06% | -68.29% |
GDOG vs. ETHD - Expense Ratio Comparison
GDOG has a 0.35% expense ratio, which is lower than ETHD's 1.01% expense ratio.
Dividends
GDOG vs. ETHD - Dividend Comparison
GDOG has not paid dividends to shareholders, while ETHD's dividend yield for the trailing twelve months is around 10.40%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 10.40% | 156.62% | 19.15% |
GDOG Grayscale Dogecoin Trust ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GDOG and ETHD have a correlation of -0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GDOG is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GDOG is cheaper with a 0.35% expense ratio, compared with 1.01% for ETHD.
ETHD has the higher dividend yield at 10.40%, compared with 0.00% for GDOG.
They also come from different issuers: Grayscale and ProShares. Their fees differ too: 0.35% for GDOG and 1.01% for ETHD.
Find the right allocation for GDOG and ETHD
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