NEHI vs. SETH
NEHI (NEOS Ethereum High Income ETF) and SETH (ProShares Short Ether Strategy ETF) are both Cryptocurrency funds. NEHI is actively managed, while SETH is passively managed. At a correlation of -0.99, they often move in opposite directions. NEHI charges 0.98%/yr vs 0.95%/yr for SETH.
Performance
NEHI vs. SETH - Performance Comparison
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Returns By Period
In the year-to-date period, NEHI achieves a -37.76% return, which is significantly lower than SETH's 37.43% return.
NEHI
- 1D
- -1.04%
- 1M
- 4.13%
- 6M
- -40.37%
- YTD
- -37.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SETH
- 1D
- 1.22%
- 1M
- -8.19%
- 6M
- 43.90%
- YTD
- 37.43%
- 1Y
- 14.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NEHI vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NEHI NEOS Ethereum High Income ETF | -37.76% | -1.24% |
SETH ProShares Short Ether Strategy ETF | 37.43% | -1.45% |
Correlation
The correlation between NEHI and SETH is -0.99, 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 3, 2025 | -0.99 |
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Return for Risk
NEHI vs. SETH — Risk / Return Rank
NEHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SETH
NEHI vs. SETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NEOS Ethereum High Income ETF (NEHI) and ProShares Short Ether Strategy ETF (SETH). 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.
| NEHI | SETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.09 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.34 | — |
| Martin ratioReturn relative to average drawdown | — | 0.62 | — |
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Drawdowns
NEHI vs. SETH - Drawdown Comparison
The maximum NEHI drawdown since its inception was -50.12%, smaller than the maximum SETH drawdown of -80.74%. Use the drawdown chart below to compare losses from any high point for NEHI and SETH.
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Drawdown Indicators
| NEHI | SETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.12% | -80.74% | +30.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -41.92% | — |
Current DrawdownCurrent decline from peak | -44.33% | -62.25% | +17.92% |
Average DrawdownAverage peak-to-trough decline | -28.53% | -54.90% | +26.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 23.13% | — |
Volatility
NEHI vs. SETH - Volatility Comparison
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Volatility by Period
| NEHI | SETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 16.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 46.74% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 58.43% | 68.32% | -9.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.43% | 69.32% | -10.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.43% | 69.32% | -10.89% |
NEHI vs. SETH - Expense Ratio Comparison
NEHI has a 0.98% expense ratio, which is higher than SETH's 0.95% expense ratio.
Dividends
NEHI vs. SETH - Dividend Comparison
NEHI's dividend yield for the trailing twelve months is around 28.39%, more than SETH's 16.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
NEHI NEOS Ethereum High Income ETF | 28.39% | 2.87% | 0.00% | 0.00% |
SETH ProShares Short Ether Strategy ETF | 16.24% | 7.01% | 3.44% | 0.38% |
Frequently Asked Questions
NEHI and SETH have a correlation of -0.99, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SETH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SETH is cheaper with a 0.95% expense ratio, compared with 0.98% for NEHI.
NEHI has the higher dividend yield at 28.39%, compared with 16.24% for SETH.
They also come from different issuers: Neos and ProShares. Their fees differ too: 0.98% for NEHI and 0.95% for SETH.
Find the right allocation for NEHI and SETH
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