ProShares - Short Ether ETF
$30.39+0.96 (+3.26%)
- Expense ratio
- 1.02%
- Fund size
- $10M
- 1Y return
- +5.6%
- Yield · Last 12 months
- 33.68%
- Holdings
- 3
- Volume · 30D
- 0M sh
- NAV per share
- $30.71
- 52W range
The ETF.net SETH Grade
Score 61 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 71Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 64Category 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 53Category rank
Our read on SETH
BA one-ticker short on ether, no margin account or crypto wallet required. SETH aims to deliver the inverse (-1x) of the Bloomberg Ethereum Index for a single day, then resets the clock.
The fund seeks daily results, before fees and expenses, that correspond to the inverse (-1x) of the Bloomberg Ethereum Index.
Why people hold it
- Fee runs 1.02%, below the typical charge in its inverse-and-leveraged peer group, where north of 1% is the norm.
- The mandate leaves little to interpretation: -1x the Bloomberg Ethereum Index, measured daily, inside a 1940 Act fund you trade in an ordinary brokerage account.
- Short ether is a tiny club. ETHD is the only other fund pinned to the same index, and the two sit within a few basis points on fee (1.02% vs 0.99%).
- Lands in the upper half of a crowded bear-fund cohort on the combination of cost, structure and tradability.
Worth knowing
- Daily reset means compounding. Hold past one session and results can drift from -1x the index's move over that stretch, most visibly in choppy markets.
- A small asset base and light trading can widen bid-ask spreads, so your fill may sit further from the fund's underlying value than in headline inverse funds.
- Inverse exposure cuts both ways: the design moves opposite ether, with no buffer built in, and the fund pays distributions monthly rather than reinvesting them.
SETH Holdings
- Other
- 3
- 100%
- Net Other Assets (Liabilities)
SETH 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 | SETH |
|---|---|
| Year to date | −14.7% |
| 1 month | −13.2% |
| 3 months | −40.2% |
| 1 year | +5.6% |
| 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 | −14.7% | |
| 2025 | −29.4% | |
| 2024 | −49.6% | |
| 2023 | −22.8% |
SETH in the news
ETF.net Research hasn’t filed on SETH yet — coverage lands here as it’s written.
SETH Dividends
- 33.68%
- $9.91
- $0.03 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 1, 2026 | Sep 8, 2026 | $0.03 |
| Aug 3, 2026 | Aug 7, 2026 | $1.92 |
| Jul 1, 2026 | Jul 8, 2026 | $2.33 |
| Jun 1, 2026 | Jun 5, 2026 | $1.05 |
| May 1, 2026 | May 7, 2026 | $0.53 |
| Apr 1, 2026 | Apr 8, 2026 | $1.15 |
| Mar 2, 2026 | Mar 6, 2026 | $2.19 |
| Feb 2, 2026 | Feb 6, 2026 | $0.60 |
| Dec 24, 2025 | Dec 31, 2025 | $0.05 |
| Dec 1, 2025 | Dec 5, 2025 | $0.01 |
| Nov 3, 2025 | Nov 7, 2025 | $0.02 |
| Oct 1, 2025 | Oct 7, 2025 | $0.02 |
SETH Risk
- 67.4%
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.
- −0.36
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.
- −2.68
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SETH Cost
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
14 of the 53 Leveraged Inverse (2x & Other) funds charge less.