ProShares Short Ether ETF
CThis fund gets its cryptocurrency exposure through futures contracts rather than holding coins directly. Futures-based returns can differ from the spot price of the coin.
The ETF.net SETH Grade
C
Score 53 out of 100
- 15 of 54
Score 53 of 100 falls in the C 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.C50 out of 100Rank 1 of 54Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C42 out of 100Rank 31 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A73 out of 100Rank 9 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.C51 out of 100Rank 26 of 54
Our read on SETH
In short
CThe world's first short ether ETF, listed in November 2023. It targets -1x ether's daily move through cash-settled CME futures rather than an actual short position. 0.95% net of a waiver through September 30, 2027.
Stated mandate
The fund seeks daily results, before fees and expenses, that correspond to the inverse (-1x) of the Bloomberg Ethereum Index.
Why people hold it
Worth knowing
SETH 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.
SETH$12,638
Returns run to the Oct 30, 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 | SETH |
|---|---|
| Year to date | +4.6% |
| 1 month | +18.7% |
| 3 months | −19.5% |
| 1 year | +26.4% |
| 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 | SETH |
|---|---|---|
| 2026 YTD | +4.6% | |
| 2025 | −29.4% | |
| 2024 | −49.6% | |
| 2023 | −22.8% |
SETH in the news
SETH Dividends
- 27.56%
- $9.93
- $0.04 per share
- Monthly
SETH Risk
- 66.6%
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.
- −0.29
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.
- −80.7%
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.
- −2.62
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
SETH Cost
Overpaying vs QQQD, cheapest in Leveraged Inverse (2x & Other)
$7,890
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
SETH 0.95%
$17,869
QQQD 0.50% Cheapest
$9,979
Cost over time
Year by year
| Year | SETH | QQQD | Overpaying |
|---|---|---|---|
| 10 | $1,678 | $900 | $778 |
| 20 | $6,322 | $3,460 | $2,862 |
| 30 | $17,869 | $9,979 | $7,890 |
You pay 0.95%Waived by ProShares 0.08%
Full fee 1.03% waiver 0.08% you pay 0.95%
Other funds in Leveraged Inverse (2x & Other)
- BZVOLVolatility Shares Volatility Premium Plus ETFExpense ratio 1.42%1 year return +23.6%
- CSARKTradr 1X Short Innovation Daily ETFExpense ratio 0.99%1 year return −3.4%
- CSBITProShares UltraShort Bitcoin ETFExpense ratio 0.95%1 year return +24.0%
- CSKFProShares UltraShort FinancialsExpense ratio 0.95%1 year return −13.3%
- CSVIX-1x Short VIX Futures ETFExpense ratio 1.47%1 year return +29.6%
