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ETHT vs TXXH

ProShares Ultra Ether ETF

ETHTANYSE Arca

21Shares 2x Long HYPE ETF

TXXHCNasdaq

Overlap

0.0%by weight

Expense ratio

ETHT −0.93pt a year

ETHT0.96%TXXH1.89%

Avg volume · 30D

ETHT 121.7×the volume

ETHT1.72MTXXH14.1K

ETHT vs TXXH Performance

Jul 31, 2026 – Oct 30, 2026

+29.8%ETHT+127.2%TXXH

Jul 31, 2026 to Oct 30, 2026. ETHT +29.8%. TXXH +127.2%. Use the arrow keys to read each point.0%100%150%Jul 2026Sep 2026Oct 2026
Expense ratio
ETHT 0.96%, better
TXXH 1.89%
Fund size
ETHT $213M
TXXH $6M
1Y total return
ETHT −82.1%
TXXH No data
Yield (12M)
ETHT 1.74%
TXXH No data
Holdings
ETHT 1
TXXH 2
Avg volume (30D)
ETHT 1.72M sh, better
TXXH 14.1K sh
NAV per share
ETHT $13.05
TXXH $73.36
52W range

ETF.net Grade

ETHT: Cost 91, Risk 51, Mission 0, Tradability 74, Holdings not scored, Durability 72. TXXH: Cost 53, Risk 80, Mission 0, Tradability 21, Holdings not scored, Durability 20.
Pillar letters and Scores for ETHT, TXXH, with each pillar’s weight
PillarETHTTXXH
Cost30% weightA91HigherC53
Mission25% weightF0F0
Risk15% weightC51A80Higher
Tradability15% weightA74HigherF21
Holdings10% weightNot scoredNot scored
Durability5% weightA72HigherF20

Rank among 2x Long Crypto funds

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

Same Category. ETHT and TXXH are both graded against the same 14 2x Long Crypto funds, so their Grades compare head to head.

2x Long Crypto⁠

Category · 14 funds
See all 14 ›

ETHT ranks 2nd and TXXH 9th of 14 funds in the 2x Long Crypto Category.

  1. Rank 1ABITUProShares Ultra Bitcoin ETFScore 82
  2. Rank 2AETHTProShares Ultra Ether ETFScore 76
  3. Rank 3BBTCLT-Rex 2X Long Bitcoin Daily Target ETFScore 65
  4. Rank 9CEVMUDirexion Daily Ether Bull 2X ETFScore 40
  5. Rank 9CTXXH21Shares 2x Long HYPE ETFScore 40
  6. Rank 11DXXRPTeucrium 2x Long Daily XRP ETFScore 39

Our read on each fund

ETF.net Research

ETHTAProShares Ultra Ether ETF

TXXHC21Shares 2x Long HYPE ETF

In short

ETHT ProShares opened the US market for leveraged ether in June 2024, and it runs the low-cost version: 0.96% to target twice ether's daily move, below the typical fee among 2x crypto funds.

TXXH The first US-listed leveraged bet on Hyperliquid's HYPE token. TXXH is a 1940-Act fund that uses swaps and futures to chase twice HYPE's daily move: a trading tool in a brokerage-friendly wrapper.

Stated mandate

ETHT The fund seeks daily investment results equal to twice the daily performance of ether, before fees and expenses.

TXXH The Fund seeks twice the daily price performance of HYPE before fees and expenses. It is designed for daily, short-term leveraged exposure rather than results over periods longer than one day.

Why people hold it

  • ETHT The original. It listed June 7, 2024 alongside a -2x twin as the first US ETFs built to target twice ether's daily move.businesswire.com
  • At 0.96%, with no fee waiver involved, it costs far less than ETHU, the other 2x ether fund in the group, at 2.97%.
  • One of the stronger builds in its leveraged-crypto peer group, and actively traded, so entering and exiting doesn't hinge on a thin market.
  • No wallet, no keys. It's a registered 1940 Act ETF that gets its exposure from derivatives and does not invest directly in ether.proshares.com
  • TXXH 21Shares got there first: TXXH and its spot sibling were the first US-listed ETFs tracking Hyperliquid, reachable from an ordinary brokerage account, no wallet required.manilatimes.net21shares.com
  • Registered under the Investment Company Act of 1940, the same rulebook as a conventional ETF, rather than the commodity-trust structure used by spot crypto products.manilatimes.net
  • At 1.89%, it sits mid-pack among 2x crypto funds, undercutting BITX (2.75%) and ETHU (2.97%).

Worth knowing

  • ETHT The 2x target resets daily. Over periods longer than a single day, returns will likely differ from that daily target, per the prospectus.proshares.com
  • Leverage cuts both ways: on a down day for ether, the fund should lose roughly twice as much as the index it tracks.proshares.com
  • The track record starts in June 2024, so there is less history here than for most ETFs when judging behavior across market cycles.
  • TXXH The 2x objective is a one-day target that resets daily. Over longer holds, compounding through choppy markets can leave results well away from twice HYPE's move.21shares.com
  • Exposure is synthetic: swaps, futures and options rather than HYPE itself, which brings counterparty and collateral risk into the picture.21shares.com21shares.com 2
  • ProShares' 2x bitcoin and ether funds (BITU, ETHT) charge roughly half of 1.89%. The premium here buys a much younger, thinner underlying market.

Full ETHT profile⁠

Full TXXH profile⁠

ETHT vs TXXH Holdings

How ETHT and TXXH differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of ETHT and 0.0% of TXXH.

Level by level

  • Holdings0 in both0.0%
  • Asset classAlternatives100%

Sector

No Sector split for ETHT and TXXH.

Country, concentration and asset class

Country by domicile

No country split for ETHT and TXXH.

Concentration

Weight in the 10 largest Holdings

  • ETHT100.0%
  • TXXH207.7%

Securities held

  • ETHT0
  • TXXH1

Asset class

ETHT
Alternatives
TXXH
Alternatives

Holdings

  • Only in ETHT0
  • In both0
  • Only in TXXH1

Only in ETHT

0 securities, 0.0% of ETHT by weight

Only in TXXH

1 security, 8.1% of TXXH by weight

  • Us Bank Mmda - Usbgfs 9 09/01/20378.07%

Weight gaps

ETHT and TXXH share no securities.

All 2 ETHT holdings⁠All TXXH 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.

ETHT vs TXXH Cost

Overpaying TXXH vs ETHT

$13,490

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

  • ETHT 0.96%

    $18,034

  • TXXH 1.89%

    $31,524

$10,000
30 years

Cost over time

  • ETHT 0.96%
  • TXXH 1.89%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K$40K051015202530TXXH $31,524ETHT $18,034

Year by year

YearETHTTXXHOverpaying
10$1,695$3,211$1,516
20$6,383$11,602$5,219
30$18,034$31,524$13,490

Expense ratio

  • 0.96%ETHT, cheaper
  • 1.89%TXXH
  • Middle half of 2x Long Crypto funds
  • Median 2.02%

ETHT 3rd cheapest of 14 funds

TXXH 7th cheapest of 14 funds

ETHT vs TXXH Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
ETHT 1.74%
TXXH No data
Payout (12M)
ETHT $0.23
TXXH None
Last payment
ETHT $0.01
TXXH No data
Ex-dividend
ETHT Oct 1, 2026
TXXH No data
Paid on
ETHT Oct 7, 2026
TXXH No data
Frequency
ETHT Monthly
TXXH No data

Distribution history

Per share, 2024 to 2026, same scale for both

ETHTMonthly · 15 paymentsAll ETHT payments⁠
One bar per payment. 15 payments from 2024 to 2026 YTD. Sep 3, 2024 $0.0038; Dec 23, 2024 $0.01; Sep 2, 2025 $1.60; Nov 3, 2025 $0.0082; Dec 1, 2025 $0.03; Dec 24, 2025 $0.08; Feb 2, 2026 $0.02; Mar 2, 2026 $0.02; Apr 1, 2026 $0.0057; May 1, 2026 $0.0044; Jun 1, 2026 $0.01; Jul 1, 2026 $0.01; Aug 3, 2026 $0.01; Sep 1, 2026 $0.0087; Oct 1, 2026 $0.01. Use the arrow keys to read each point.$0$12026YTD
TXXHAll TXXH payments⁠

No distribution history available.

ETHT vs TXXH Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
ETHT 153.7%since Jul 2024TXXH No data
Return per unit of riskSharpe ratio, 3 years
ETHT −0.03since Jul 2024TXXH No data
Worst fallMax drawdown, 5 years
ETHT −96.0%since Jun 2024TXXH No data
Market sensitivityBeta, 5 years
ETHT 5.26TXXH 6.89

ETHT and TXXH in the news

All news⁠

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