ETHT vs SPY
ProShares Ultra 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 | ETHT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.94% | 0.09% | |
| AUM | $211M | $789.1B | |
| Dividend Yield | 23.77% | 1.01% | |
| Holdings | 5 | 505 | |
| YTD Return | -75.39% | +13.75% | |
| 1Y Return | -90.14% | +22.91% | |
| 3Y Return (annualized) | - | +21.67% | |
| 5Y Return (annualized) | - | +13.32% | |
| Volatility (annualized) | 149.9% | 15.3% | |
| Max Drawdown | -96.0% | -56.5% | |
| Fund Family | ProShares | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Jun 7, 2024 | Jan 22, 1993 |
ETHT vs SPY Performance
ProShares Ultra Ether ETF (ETHT) 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 ETHT returned -90.14% while SPY returned +22.91%. Year to date, ETHT is down 75.39% versus a gain of 13.75% for SPY.
Risk: Volatility and Drawdowns
ETHT has been the more volatile fund, with annualized monthly volatility of 149.9% 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 -96.0% for ETHT 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 0.42. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ETHT charges 0.94% per year while SPY charges 0.09%. On a $10,000 position that is $94 vs $9 annually, a gap of $85 per year that compounds over a long holding period. On income, ETHT currently yields 23.77% against 1.01% for SPY.
Frequently Asked Questions
Which is cheaper, ETHT or SPY?
ETHT has an expense ratio of 0.94% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $85 per year of difference.
Which performed better, ETHT or SPY?
Over the past year ETHT returned -90.14% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (2 years), ETHT annualized -73.56% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, ETHT or SPY?
ETHT has been the more volatile fund at 149.9% annualized versus 15.3% for SPY. Worst drawdown: ETHT -96.0% vs SPY -56.5%.
Should I hold both ETHT and SPY?
ETHT and SPY have a monthly-return correlation of 0.42, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, ETHT or SPY?
ETHT yields 23.77% while SPY yields 1.01%, so ETHT currently pays the higher dividend yield.
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