ProShares - UltraShort Ether ETF
$25.00+1.54 (+6.59%)
- Expense ratio
- 0.99%
- Fund size
- $47M
- 1Y return
- −31.7%
- Yield · Last 12 months
- 26.12%
- Holdings
- 3
- Volume · 30D
- 0.5M sh
- NAV per share
- $25.66
- 52W range
The ETF.net ETHD Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 75Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 0Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 31Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 59Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.Not scoredDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 50Category rank
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
- 3
- 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.
Returns run to the Sep 22, 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 | −47.7% |
| 1 month | −27.3% |
| 3 months | −67.7% |
| 1 year | −31.7% |
| 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 | −47.7% | |
| 2025 | −76.0% | |
| 2024 | −43.2% |
ETHD in the news
ETF.net Research hasn’t filed on ETHD yet — coverage lands here as it’s written.
ETHD Dividends
- 26.12%
- $6.13
- $0.86 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.86 |
| Aug 3, 2026 | Aug 7, 2026 | $1.74 |
| Jul 1, 2026 | Jul 8, 2026 | $1.71 |
| Jun 1, 2026 | Jun 5, 2026 | $0.03 |
| May 1, 2026 | May 7, 2026 | $0.02 |
| Apr 1, 2026 | Apr 8, 2026 | $0.0082 |
| Mar 2, 2026 | Mar 6, 2026 | $1.51 |
| Feb 2, 2026 | Feb 6, 2026 | $0.15 |
| Dec 24, 2025 | Dec 31, 2025 | $0.0071 |
| Nov 3, 2025 | Nov 7, 2025 | $0.04 |
| Oct 1, 2025 | Oct 7, 2025 | $0.04 |
| Sep 2, 2025 | Sep 8, 2025 | $0.01 |
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.
- 131.8%
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.
- −0.17
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
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
11 of the 53 Leveraged Inverse (2x & Other) funds charge less.