NEHI vs. ETHD
NEHI (NEOS Ethereum High Income ETF) and ETHD (ProShares UltraShort Ether ETF) are both Cryptocurrency funds. Both are actively managed. At a correlation of -0.98, they often move in opposite directions. NEHI charges 0.98%/yr vs 1.01%/yr for ETHD.
Performance
NEHI vs. ETHD - Performance Comparison
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Returns By Period
In the year-to-date period, NEHI achieves a -36.78% return, which is significantly lower than ETHD's 68.24% return.
NEHI
- 1D
- -1.50%
- 1M
- -23.11%
- YTD
- -36.78%
- 6M
- -38.94%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETHD
- 1D
- 2.71%
- 1M
- 73.12%
- YTD
- 68.24%
- 6M
- 77.63%
- 1Y
- -40.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEHI vs. ETHD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -36.78% | -3.02% |
ETHD ProShares UltraShort Ether ETF | 68.24% | 5.33% |
Correlation
The correlation between NEHI and ETHD is -0.98, 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 Dec 4, 2025 | -0.99 |
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Return for Risk
NEHI vs. ETHD — Risk / Return Rank
NEHI
ETHD
NEHI vs. ETHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) 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
| NEHI | 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 | -1.10 | -0.34 | -0.76 |
Drawdowns
NEHI vs. ETHD - Drawdown Comparison
The maximum NEHI drawdown since its inception was -43.46%, smaller than the maximum ETHD drawdown of -95.59%. Use the drawdown chart below to compare losses from any high point for NEHI and ETHD.
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Drawdown Indicators
| NEHI | ETHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -95.59% | +52.13% |
Max Drawdown (1Y)Largest decline over 1 year | — | -83.63% | — |
Current DrawdownCurrent decline from peak | -43.46% | -86.85% | +43.39% |
Average DrawdownAverage peak-to-trough decline | -25.23% | -66.06% | +40.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 66.08% | — |
Volatility
NEHI vs. ETHD - Volatility Comparison
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Volatility by Period
| NEHI | 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 | 57.19% | 136.04% | -78.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.19% | 142.06% | -84.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.19% | 142.06% | -84.87% |
NEHI vs. ETHD - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is lower than ETHD's 1.01% expense ratio.
Dividends
NEHI vs. ETHD - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 24.72%, more than ETHD's 10.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ETHD ProShares UltraShort Ether ETF | 10.40% | 156.62% | 19.15% |
NEHI NEOS Ethereum High Income ETF | 24.72% | 2.87% | 0.00% |
Frequently Asked Questions
NEHI and ETHD have a correlation of -0.98, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NEHI is cheaper at 0.98% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NEHI is cheaper with a 0.98% expense ratio, compared with 1.01% for ETHD.
NEHI has the higher dividend yield at 24.72%, compared with 10.40% for ETHD.
They also come from different issuers: Neos and ProShares. Their fees differ too: 0.98% for NEHI and 1.01% for ETHD.
Find the right allocation for NEHI and ETHD
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