ETHD vs QQQ
ProShares UltraShort Ether ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. QQQ offers more diversification with 103 holdings.
Side-by-Side Comparison
| Metric | ETHD | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.99% | 0.18% | |
| AUM | $46M | $455.8B | |
| Dividend Yield | 2.58% | 0.41% | |
| Holdings | 4 | 108 | |
| YTD Return | +31.86% | +18.20% | |
| 1Y Return | +11.70% | +27.63% | |
| 3Y Return (annualized) | - | +25.54% | |
| 5Y Return (annualized) | - | +15.12% | |
| Volatility (annualized) | 126.6% | 30.6% | |
| Max Drawdown | -95.6% | -83.0% | |
| Fund Family | ProShares | Invesco (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 7, 2024 | Mar 10, 1999 |
ETHD vs QQQ Performance
ProShares UltraShort Ether ETF (ETHD) is a ETF from ProShares and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ETHD returned +11.70% while QQQ returned +27.63%. Year to date, ETHD is up 31.86% versus a gain of 18.20% for QQQ.
Risk: Volatility and Drawdowns
ETHD has been the more volatile fund, with annualized monthly volatility of 126.6% compared with 30.6% for QQQ. 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 -95.6% for ETHD and -83.0% for QQQ. 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 -0.31. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETHD charges 0.99% per year while QQQ charges 0.18%. On a $10,000 position that is $99 vs $18 annually, a gap of $81 per year that compounds over a long holding period. On income, ETHD currently yields 2.58% against 0.41% for QQQ.
Frequently Asked Questions
Which is cheaper, ETHD or QQQ?
ETHD has an expense ratio of 0.99% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $81 per year of difference.
Which performed better, ETHD or QQQ?
Over the past year ETHD returned +11.70% vs +27.63% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), ETHD annualized -54.05% vs +13.11% for QQQ. Past performance does not guarantee future results.
Which is riskier, ETHD or QQQ?
ETHD has been the more volatile fund at 126.6% annualized versus 30.6% for QQQ. Worst drawdown: ETHD -95.6% vs QQQ -83.0%.
Should I hold both ETHD and QQQ?
ETHD and QQQ have a monthly-return correlation of -0.31, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ETHD or QQQ?
ETHD yields 2.58% while QQQ yields 0.41%, so ETHD currently pays the higher dividend yield.
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