EETH vs SPY
EETH vs SPY
ProShares Ether ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | EETH | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.09% | |
| AUM | $56M | $789.1B | |
| Dividend Yield | 102.16% | 1.01% | |
| Holdings | 3 | 505 | |
| YTD Return | -40.07% | +13.79% | |
| 1Y Return | -52.75% | +23.66% | |
| 3Y Return (annualized) | - | +21.40% | |
| 5Y Return (annualized) | - | +13.37% | |
| Volatility (annualized) | 73.5% | 15.3% | |
| Max Drawdown | -69.2% | -56.5% | |
| Fund Family | ProShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Oct 2, 2023 | Jan 22, 1993 |
EETH vs SPY Performance
ProShares Ether ETF (EETH) is a ETF from ProShares and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year EETH returned -52.75% while SPY returned +23.66%. Year to date, EETH is down 40.07% versus a gain of 13.79% for SPY.
Risk: Volatility and Drawdowns
EETH has been the more volatile fund, with annualized monthly volatility of 73.5% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -69.2% for EETH and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.49. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EETH charges 0.95% per year while SPY charges 0.09%. On a $10,000 position that is $95 vs $9 annually, a gap of $86 per year that compounds over a long holding period. On income, EETH currently yields 102.16% against 1.01% for SPY.
Holdings Overlap
EETH and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, EETH or SPY?
EETH has an expense ratio of 0.95% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $86 per year of difference.
Which performed better, EETH or SPY?
Over the past year EETH returned -52.75% vs +23.66% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (3 years), EETH annualized -2.84% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, EETH or SPY?
EETH has been the more volatile fund at 73.5% annualized versus 15.3% for SPY. Worst drawdown: EETH -69.2% vs SPY -56.5%.
Should I hold both EETH and SPY?
EETH and SPY have a monthly-return correlation of 0.49, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between EETH and SPY?
EETH and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, EETH or SPY?
EETH yields 102.16% while SPY yields 1.01%, so EETH currently pays the higher dividend yield.
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