SETH vs. ETH-USD
SETH (ProShares Short Ether Strategy ETF) is Cryptocurrency fund tracking the Bloomberg Galaxy Ethereum (--100%), while ETH-USD (Ethereum) is a cryptocurrency. Over the past year, SETH returned -6.94% vs -22.40% for ETH-USD. At a correlation of -0.69, they often move in opposite directions.
Performance
SETH vs. ETH-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SETH achieves a 42.44% return, which is significantly higher than ETH-USD's -41.71% return.
SETH
- 1D
- -1.56%
- 1M
- 15.03%
- YTD
- 42.44%
- 6M
- 43.03%
- 1Y
- -6.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- 1.44%
- 1M
- -18.24%
- YTD
- -41.71%
- 6M
- -42.50%
- 1Y
- -22.40%
- 3Y*
- -2.98%
- 5Y*
- -2.56%
- 10Y*
- 61.25%
SETH vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SETH ProShares Short Ether Strategy ETF | 42.44% | -29.41% | -49.59% | -22.19% |
ETH-USD Ethereum | -41.71% | -10.91% | 46.00% | 23.45% |
Correlation
The correlation between SETH and ETH-USD is -0.69, 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 (1Y) Calculated over the trailing 1-year period | -0.69 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | -0.69 |
The correlation between SETH and ETH-USD has been stable across timeframes, ranging from -0.69 to -0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SETH vs. ETH-USD — Risk / Return Rank
SETH
ETH-USD
SETH vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short Ether Strategy ETF (SETH) and Ethereum (ETH-USD). 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.
| SETH | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.99 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.12 | -0.33 | +0.21 |
| Martin ratioReturn relative to average drawdown | -0.19 | -0.55 | +0.36 |
Loading charts...
Drawdowns
SETH vs. ETH-USD - Drawdown Comparison
The maximum SETH drawdown since its inception was -80.74%, smaller than the maximum ETH-USD drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for SETH and ETH-USD.
Loading charts...
Drawdown Indicators
| SETH | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.74% | -94.01% | +13.27% |
Max Drawdown (1Y)Largest decline over 1 year | -56.01% | -67.53% | +11.52% |
Max Drawdown (3Y)Largest decline over 3 years | — | -67.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.35% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -60.87% | -64.21% | +3.34% |
Average DrawdownAverage peak-to-trough decline | -54.79% | -50.92% | -3.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.80% | 40.98% | -5.18% |
Volatility
SETH vs. ETH-USD - Volatility Comparison
ProShares Short Ether Strategy ETF (SETH) has a higher volatility of 19.18% compared to Ethereum (ETH-USD) at 17.95%. This indicates that SETH's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SETH | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.18% | 17.95% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 46.55% | 46.13% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.22% | 56.02% | +13.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.66% | 59.17% | +10.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.66% | 77.04% | -7.38% |
Frequently Asked Questions
SETH and ETH-USD have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SETH has higher volatility (19.18%) compared to ETH-USD (17.95%). In terms of maximum drawdown, SETH dropped -80.74% vs ETH-USD's -94.01%.
SETH currently has the higher Sharpe Ratio (-0.10 vs -0.33), 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.
Find the right allocation for SETH and ETH-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer