ProShares - Short Ether ETF
BThis 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.
$32.26+0.17 (+0.53%)
- 1.02%
- $8M
- +13.5%
- 30.91%
- 0M sh
- $32.13
- low $29.19high $62.82
The ETF.net SETH Grade
B
Score 62 out of 100
- 16 of 54
Score 62 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.A71 out of 100Rank 16 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.C44 out of 100Rank 29 of 53Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A70 out of 100Rank 11 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
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
- 1
- 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.
Not enough history yet.Not enough history yet.Not enough history yet.
SETH$11,349
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 | SETH |
|---|---|
| Year to date | −6.7% |
| 1 month | +0.1% |
| 3 months | −31.4% |
| 1 year | +13.5% |
| 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 | −6.7% | |
| 2025 | −29.4% | |
| 2024 | −49.6% | |
| 2023 | −22.8% |
SETH in the news
SETH Dividends
- 30.91%
- $9.93
- $0.04 per share
- Monthly
Distribution history
SETH Risk
- 66.5%
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.
- −0.40
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.
SETH Cost
1.02%
SETH1.02%
- The middle half of Leveraged Inverse (2x & Other) funds
- Median 1.44%
14 of the 53 Leveraged Inverse (2x & Other) funds charge less.
Other funds in Leveraged Inverse (2x & Other)
- BJDSTDirexion Daily Junior Gold Miners Index Bear 2X ETFExpense ratio 0.92%1 year return −68.3%
- BBTCZWorld Funds Trust - T-Rex 2X Inverse Bitcoin Daily Target ETFExpense ratio 0.95%1 year return +11.6%
- BSKRETuttle Capital Daily 2X Inverse Regional Banks ETFExpense ratio 0.75%1 year return −35.5%
- BETHDProShares - UltraShort Ether ETFExpense ratio 0.99%1 year return −19.9%
- BSRSProShares - UltraShort Real EstateExpense ratio 1.21%1 year return −8.3%