{"url":"https://etfiq.com/compare/leverage/ethu-vs-seth","section":"compare","title":"ETHU vs SETH: which held to its multiple? | ETFIQ","description":"ETHU sets out to return +2 times ETHA each day and SETH -1 times. Over the three months to Sep 30, 2026 they finished +20.8 pts and +23.0 pts away.","as_of":"Sep 30, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its stated multiple, ETHU or SETH?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Sep 30, 2026, ETHU finished 20.8 points from what its multiple implies and SETH finished 23.0 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 ETHU and SETH levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on ether, ETHU at +2 times and SETH at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, ETHU or SETH?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window ETHU\u2019s moved at 48% annualized and SETH\u2019s at 48%, so ETHU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold ETHU or SETH 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, ETHU or SETH?","acceptedAnswer":{"@type":"Answer","text":"ETHU charges 2.97% a year and SETH charges 0.95%, so SETH 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":"ETHU vs SETH","item":"https://etfiq.com/compare/leverage/ethu-vs-seth"}]},{"@type":"WebPage","name":"ETHU vs SETH: which held to its multiple?","description":"ETHU sets out to return +2 times ETHA each day and SETH -1 times. Over the three months to Sep 30, 2026 they finished +20.8 pts and +23.0 pts away.","url":"https://etfiq.com/compare/leverage/ethu-vs-seth","dateModified":"2026-09-30","abstract":"Over three months against its own daily promise, ETHU finished 6.6 points short and SETH 1.0 points over.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of ETHU and SETH","description":"ETHU sets out to return +2 times ETHA each day and SETH -1 times. Over the three months to Sep 30, 2026 they finished +20.8 pts and +23.0 pts away.","dateModified":"2026-09-30","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/ethu-vs-seth","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":7106,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Head to head / ETHU vs SETH \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Sep 30, 2026 .\n\n ETHU vs SETH: which held to its multiple?\n\n Over three months against its own daily promise, ETHU finished 6.6 points short and SETH 1.0 points over.\n Copy this for sharing \n \n 2x Ether ETF and ProShares Short Ether ETF.\n\n Download as PDF \n\n +150.9% ETHU returned, 3 months \n \u221242.0% SETH returned, 3 months \n +20.8 pts ETHU from its stated multiple \n +23.0 pts SETH from its stated multiple \n\n ETFIQ Decay Resistance Score: SETH scores higher\n Did it keep up with its own dai","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/ethu-vs-seth","a":{"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"}]},"b":{"ticker":"SETH","name":"ProShares Short Ether ETF","issuer":"ProShares","desk":"leverage","as_of":"2026-09-30","verdict":"Three months to Sep 30, 2026: SETH returned \u221242.0% where its own daily promise gave \u221243.1%, 1.0 points over.","url":"https://etfiq.com/funds/seth","key_facts":[{"label":"What ETHA did","value":"+65.0%","as_of":"2026-09-30","source":null},{"label":"What \u22121 times a day gives","value":"\u221243.1%","as_of":"2026-09-30","source":null},{"label":"What the fund returned","value":"\u221242.0%","as_of":"2026-09-30","source":null},{"label":"The fund itself added","value":"+1.0 pts","as_of":"2026-09-30","source":null},{"label":"Net assets","value":"$9m","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"}]},"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/ethu-vs-seth"}