2x Ether ETF (ETHU) Performance
ETHU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −56.6% since Dec 31, 2025
- 1 year
- −77.7% total return
- Since first price
- −92.2% since 2024
ETHU trailing returns vs SPY, QQQ, AGG
| Period | ETHU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −22.3% | −22.4% | −1.0% | −5.0% | +0.9% |
| 3 months | +49.4% | +49.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −11.3% | −11.8% | +7.8% | +8.4% | −1.5% |
| YTD | −56.6% | −56.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −77.7% | −78.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionJun 4, 2024 | −92.2% | −92.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ETHU vs SPY
From Jun 4, 2024: ETHU grew to $785, SPY to $14,807.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ETHU returns by calendar year
0 of 1 full years positive. Best 2025 (−64.4%), worst 2025 (−64.4%). 2026 is year to date.
ETHU annual returns table
| Year | ETHU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −56.6% | −84.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −64.4% | −88.0% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ETHU largest drawdowns
Now 92.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 5, 2024 | −96.5% | Jun 25, 2026 | not yet | 2.1 years | 2.4 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ETHU risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | −59.4% |
| Volatility (annualized) | 155.4% |
| Sharpe ratio | 0.07 |
| Sortino ratio | 0.12 |
| Best month | +108.0% |
| Worst month | −59.2% |
| Best 12 months | +33.8% |
| Worst 12 months | −86.6% |
| Positive months | 37% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ETHU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 17 | −86.6% | −68.0% | +33.8% | 18% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
ETHU performance overview
2x Ether ETF (ETHU) returned −77.7% over the past year, with distributions reinvested. Since its first recorded price on Jun 4, 2024 it has returned −92.2%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −96.5%, from Jun 5, 2024 to Jun 25, 2026; the fund has not yet regained that high. Volatility has been 155.4% a year.
Related: ETHU chart, ETHU dividends. See the ETHU overview for the latest quote and fund facts.
ETHU performance FAQ
What is the ETHU return over the past year?
ETHU returned −77.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 78.0%.
How much would $10,000 invested in ETHU be worth?
$10,000 invested in ETHU at its first recorded close on June 4, 2024 would be worth about $785 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of ETHU?
The largest peak-to-trough decline was −96.5% between June 5, 2024 and June 25, 2026. It has not yet recovered to that high; it is 92.5% below its peak.
How volatile is ETHU?
Over the past history ETHU had an annualized volatility of 155.4% and a Sharpe ratio of 0.07 (excess return over 1–3 month T-bills per unit of risk).