ProShares - Ultra Ether ETF
This 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.
$19.30−1.30 (−6.33%)
History starts Jun 7, 2024.
- Expense ratio
- 1.02%
- Fund size
- $289M
- 1Y return
- −76.8%
- Yield · Last 12 months
- 1.03%
- Holdings
- 2
- Volume · 30D
- 1.9M sh
- NAV per share
- $19.01
- 52W range
The ETF.net ETHT Grade
Score 74 of 100 sits in the A 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 86Category 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.CScore 46Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 81Category 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.AScore 74Category rank
Our read on ETHT
AProShares' geared ether fund aims for twice ether's daily move, and charges 1.02% a year to do it, one of the leanest fees in the leveraged crypto aisle. A blunt instrument, priced like a mainstream product.
The fund seeks daily investment results equal to twice the daily performance of ether, before fees and expenses.
Why people hold it
- 1.02% a year sits well below the typical leveraged crypto fund, and it undercuts ETHU, the other fund chasing the same 2x ether exposure, by a wide margin.
- One job, stated plainly: twice ether's daily performance before fees. No stock picking, no yield overlay, nothing to decode.proshares.com
- A 1940 Act registered fund from ProShares, and one of the stronger builds in the leveraged crypto group on cost and structure.
- Actively traded, which matters for a tool built around day-to-day moves rather than sitting in a drawer.
Worth knowing
- The 2x target resets every day. Over longer holds, choppy ether markets can leave returns far from twice the period's move, in either direction.
- Exposure runs through derivatives rather than ether itself, so contract pricing and counterparties sit between the fund and the coin.
- Launched in 2024, so the track record is short, and it doubles the daily swings of an already jumpy asset.
ETHT Holdings
- Other
- 2
- 100%
- Net Other Assets (Liabilities)
ETHT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
ETHT$2,317
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 | ETHT |
|---|---|
| Year to date | −44.8% |
| 1 month | +26.0% |
| 3 months | +126.2% |
| 1 year | −76.8% |
| 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 | ETHT |
|---|---|---|
| 2026 YTD | −44.8% | |
| 2025 | −64.8% | |
| 2024 | −41.7% |
ETHT in the news
ETHT Dividends
- 1.03%
- $0.21
- $0.0087 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.0087 |
| Aug 3, 2026 | Aug 7, 2026 | $0.01 |
| Jul 1, 2026 | Jul 8, 2026 | $0.01 |
| Jun 1, 2026 | Jun 5, 2026 | $0.01 |
| May 1, 2026 | May 7, 2026 | $0.0044 |
| Apr 1, 2026 | Apr 8, 2026 | $0.0057 |
| Mar 2, 2026 | Mar 6, 2026 | $0.02 |
| Feb 2, 2026 | Feb 6, 2026 | $0.02 |
| Dec 24, 2025 | Dec 31, 2025 | $0.08 |
| Dec 1, 2025 | Dec 5, 2025 | $0.03 |
| Nov 3, 2025 | Nov 7, 2025 | $0.0082 |
| Sep 2, 2025 | Sep 8, 2025 | $1.60 |
ETHT 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.
- 157.9%
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.
- 0.03
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.
- −96.0%
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.
- 5.38
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ETHT Cost
1.02%
ETHT1.02%
- The middle half of 2x Long Crypto funds
- Median 1.89%
2 of the 15 2x Long Crypto funds charge less.