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ETHD vs SVXY

ProShares UltraShort Ether ETF

ETHDCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

ETHD0.95%SVXY0.95%

Avg volume · 30D

SVXY 2.6×the volume

ETHD570KSVXY1.49M

ETHD vs SVXY Performance

Oct 31, 2025 – Oct 30, 2026

+1.5%ETHD+21.9%SVXY

Oct 31, 2025 to Oct 30, 2026. ETHD +1.5%. SVXY +21.9%. Use the arrow keys to read each point.50%100%150%Oct 2025Apr 2026Oct 2026
Expense ratio
ETHD 0.95%
SVXY 0.95%
Fund size
ETHD $64M
SVXY $201M
1Y total return
ETHD +1.5%
SVXY +21.9%, better
Yield (12M)
ETHD 18.27%
SVXY No data
Holdings
ETHD 1
SVXY 1
Avg volume (30D)
ETHD 570K sh
SVXY 1.49M sh, better
NAV per share
ETHD $34.36
SVXY $60.55
52W range

ETF.net Grade

ETHD: Cost 50, Risk 31, Mission 0, Tradability 59, Holdings not scored, Durability 52. SVXY: Cost 50, Risk 75, Mission not scored, Tradability 84, Holdings not scored, Durability 76.
Pillar letters and Scores for ETHD, SVXY, with each pillar’s weight
PillarETHDSVXY
Cost30% weightC50C50
Mission25% weightF0Not scored
Risk15% weightD31A75Higher
Tradability15% weightB59A84Higher
Holdings10% weightNot scoredNot scored
Durability5% weightC52A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. ETHD and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and ETHD 25th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  3. Rank 3BPSQProShares Short QQQScore 64
  4. Rank 24CGLLProShares UltraShort GoldScore 48
  5. Rank 25CETHDProShares UltraShort Ether ETFScore 47
  6. Rank 26CBTCZT-Rex 2X Inverse Bitcoin Daily Target ETFScore 46

Our read on each fund

ETF.net Research

ETHDCProShares UltraShort Ether ETF

SVXYBProShares Short VIX Short-Term Futures ETF

In short

ETHD The only ETF aiming at -2x the daily move in ether, per ProShares. It gets there with swaps and futures rather than an actual short position, resets every day, and charges 0.95%.

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

ETHD The fund seeks daily results equal to negative two times the daily performance of the Bloomberg Ethereum Index, before fees and expenses.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • ETHD ProShares bills it as the only -2x ether ETF on the market, and it has been live since 2024, through real crypto swings in both directions.proshares.com
  • It handles the plumbing: futures and swaps inside the fund, rebalanced daily to the -2x target. No margin account, no borrow, and the fund never shorts ether itself.proshares.comsec.gov
  • Fee is 0.95%, no waiver propping it up, near what leveraged and inverse funds typically charge. Same-index sibling SETH (-1x) also sits at 0.95% net, but net of a waiver through September 30, 2027.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • ETHD Daily reset. Hold longer than a day and compounding takes over: results can differ a lot from -2x the index move, especially in choppy markets.proshares.com
  • ProShares says these funds should be monitored daily. Two times the inverse of a crypto price is a fast-moving position, not a set-and-forget one.proshares.com
  • Exposure runs through derivatives and counterparties, including swaps that can reference spot ether ETFs, rather than a direct short in ether.proshares.com
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full ETHD profile⁠

Full SVXY profile⁠

ETHD vs SVXY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ETHD vs SVXY Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ETHD 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • ETHD 0.95%
  • SVXY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530ETHD $17,869SVXY $17,869

Year by year

YearETHDSVXY
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%ETHD
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

ETHD 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

ETHD vs SVXY Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ETHD 18.27%
SVXY No data
Payout (12M)
ETHD $6.28
SVXY None
Last payment
ETHD $0.19
SVXY No data
Ex-dividend
ETHD Oct 1, 2026
SVXY No data
Paid on
ETHD Oct 7, 2026
SVXY No data
Frequency
ETHD Monthly
SVXY No data

Distribution history

Per share, 2024 to 2026, same scale for both

ETHDMonthly · 20 paymentsAll ETHD payments⁠
One bar per payment. 20 payments from 2024 to 2026 YTD. Jul 1, 2024 $1.56; Aug 1, 2024 $6.80; Sep 3, 2024 $20.05; Nov 1, 2024 $8.72; Dec 2, 2024 $3.70; Apr 1, 2025 $27.32; Jun 2, 2025 $2.88; Sep 2, 2025 $0.01; Oct 1, 2025 $0.04; Nov 3, 2025 $0.04; Dec 24, 2025 $0.0071; Feb 2, 2026 $0.15; Mar 2, 2026 $1.51; Apr 1, 2026 $0.0082; May 1, 2026 $0.02; Jun 1, 2026 $0.03; Jul 1, 2026 $1.71; Aug 3, 2026 $1.74; Sep 1, 2026 $0.86; Oct 1, 2026 $0.19. Use the arrow keys to read each point.$0$252026YTD
SVXYAll SVXY payments⁠

No distribution history available.

ETHD vs SVXY Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ETHD 130.0%since Jul 2024SVXY 26.5%
Return per unit of riskSharpe ratio, 3 years
ETHD −0.10since Jul 2024SVXY 0.42
Worst fallMax drawdown, 5 years
ETHD −96.5%since Jun 2024SVXY −46.4%
Market sensitivityBeta, 5 years
ETHD −3.93SVXY 1.32

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