{"url":"https://etfiq.com/compare/leverage/ethd-vs-ethu","section":"compare","title":"ETHD vs ETHU: which held to its multiple? | ETFIQ","description":"ETHD sets out to return -2 times ETHA each day and ETHU +2 times. Over the three months to Sep 30, 2026 they finished +60.5 pts and +20.8 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ETHD or ETHU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ETHD finished 60.5 points from what its multiple implies and ETHU finished 20.8 points from its own, so ETHU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are ETHD and ETHU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ether, ETHD at -2 times and ETHU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ETHD or ETHU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ETHD\u2019s moved at 48% annualized and ETHU\u2019s at 48%, so ETHD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ETHD or ETHU for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year\u2019s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way."}},{"@type":"Question","name":"Which is cheaper, ETHD or ETHU?","acceptedAnswer":{"@type":"Answer","text":"ETHD charges 0.95% a year and ETHU charges 2.97%, so ETHD is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"ETHD vs ETHU","item":"https://etfiq.com/compare/leverage/ethd-vs-ethu"}]},{"@type":"WebPage","name":"ETHD vs ETHU: which held to its multiple?","description":"ETHD sets out to return -2 times ETHA each day and ETHU +2 times. Over the three months to Sep 30, 2026 they finished +60.5 pts and +20.8 pts away.","url":"https://etfiq.com/compare/leverage/ethd-vs-ethu","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, ETHD finished 0.3 points over and ETHU 6.6 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ETHD and ETHU","description":"ETHD sets out to return -2 times ETHA each day and ETHU +2 times. Over the three months to Sep 30, 2026 they finished +60.5 pts and +20.8 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ethd-vs-ethu","license":"https://etfiq.com/standards/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7129,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ETHD vs ETHU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ETHD vs ETHU: which held to its multiple?\n\n Over three months against its own daily promise, ETHD finished 0.3 points over and ETHU 6.6 points short.\n Copy this for sharing \n \n ProShares UltraShort Ether ETF and 2x Ether ETF.\n\n Download as PDF \n\n \u221269.5% ETHD returned, 3 months \n +150.9% ETHU returned, 3 months \n +60.5 pts ETHD from its stated multiple \n +20.8 pts ETHU from its stated multiple \n\n ETFIQ Decay Resistance Score: ETHD scores higher\n Did it keep up with its ow","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","citation":"ETFIQ, as of Sep 30, 2026. https://etfiq.com/compare/leverage/ethd-vs-ethu","a":{"ticker":"ETHD","name":"ProShares UltraShort Ether ETF","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ETHD returned \u221269.5% where its own daily promise gave \u221269.8%, 0.3 points over.","url":"https://etfiq.com/funds/ethd","key_facts":[{"label":"What ETHA did","value":"+65.0%","as_of":"2026-09-30","source":null},{"label":"What \u22122 times a day gives","value":"\u221269.8%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221269.5%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+0.3 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$59m","as_of":"2026-09-30","source":"issuer page, as of Sep 30, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-09-30","source":"485BPOS XBRL, Sep 25, 2026"}]},"b":{"ticker":"ETHU","name":"2x Ether ETF","issuer":"Volatility Shares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: ETHU returned +150.9% where its own daily promise gave +157.5%, 6.6 points short.","url":"https://etfiq.com/funds/ethu","key_facts":[{"label":"What ETHA did","value":"+65.0%","as_of":"2026-09-30","source":null},{"label":"What 2 times a day gives","value":"+157.5%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"+150.9%","as_of":"2026-09-30","source":null},{"label":"The fund itself cost","value":"\u22126.6 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$1.2bn","as_of":"2026-09-30","source":"issuer page, as of Sep 15, 2026"},{"label":"Expense ratio","value":"2.97%","as_of":"2026-09-30","source":"485BPOS XBRL, Jun 26, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/ethd-vs-ethu"}