ProShares - UltraShort Ether ETF
BThis fund multiplies its index's move each day and resets that multiple daily. Because daily returns compound, its long-run return can differ from the headline multiple.
$27.74+0.25 (+0.91%)
- 0.99%
- $59M
- −19.9%
- 22.83%
- 0.5M sh
- $27.51
- low $22.88high $106.80
The ETF.net ETHD Grade
B
Score 60 out of 100
- 18 of 54
Score 60 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A75 out of 100Rank 13 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.F0 out of 100Rank 9 of 9Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D33 out of 100Rank 40 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 15 of 54Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 24 of 54
Our read on ETHD
BEther, flipped and doubled. ETHD aims for negative two times the Bloomberg Ethereum Index's daily move, a one-day trading tool for a bearish view, inside a standard 1940 Act ETF wrapper.
The fund seeks daily results equal to negative two times the daily performance of the Bloomberg Ethereum Index, before fees and expenses.
Why people hold it
- Expense ratio of 0.99%, below the typical fund in its leveraged and inverse bear peer group. You are not paying extra for the double-short mechanics.
- The mandate is blunt: daily results equal to negative two times the Bloomberg Ethereum Index, before fees. No guessing what the exposure is meant to do.
- Against SETH, the single-inverse fund on the same index, this is the double-strength version at a slightly lower expense ratio.
- Registered fund structure rather than an exotic wrapper, and one of the stronger implementations among inverse and leveraged bear funds.
Worth knowing
- The negative 2x target resets every day. Hold past one session and compounding takes over, so multi-week results can look nothing like negative 2x the index move.
- Ether swings hard, and this doubles that swing in reverse. An ether rally works directly against the position, and losses can pile up fast.
- Launched in 2024, so the track record is short, and payouts are irregular rather than on a set schedule.
ETHD Holdings
- Other
- 1
- 100%
- Net Other Assets (Liabilities)
ETHD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
ETHD$8,011
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | ETHD |
|---|---|
| Year to date | −38.3% |
| 1 month | −2.7% |
| 3 months | −57.6% |
| 1 year | −19.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ETHD |
|---|---|---|
| 2026 YTD | −38.3% | |
| 2025 | −76.0% | |
| 2024 | −43.2% |
ETHD in the news
ETHD Dividends
- 22.83%
- $6.28
- $0.19 per share
- Monthly
Distribution history
ETHD Risk
This fund targets a multiple of the daily move of its index and resets daily. Hold it longer than one reset and compounding makes the return diverge from that target. In choppy markets it can lose value even when the index ends flat.
- 129.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.23
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −96.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- −3.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ETHD Cost
0.99%
ETHD0.99%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
11 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
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- BREKProShares - Short Real EstateExpense ratio 1.52%1 year return −1.9%
- BZVOLVolatility Shares Trust - Volatility Premium Plus ETFExpense ratio 1.42%1 year return +29.1%