ProShares UltraShort Ether ETF (ETHD) — Stock Correlations & Overview
Over the past year, ETHD has moved most closely with SETH, BTCZ, SBIT. Explore the stocks most correlated and inversely correlated with ETHD below, along with its price, financials, and company profile.
Stocks correlated with ETHD
Correlation of daily returns. Higher positive values move with ETHD; negative values move opposite it. Informational only, not investment advice.
Most correlated with ETHD
| Symbol | Company | Correlation |
|---|---|---|
| SETH | ProShares Short Ether ETF | 0.99 |
| BTCZ | T-Rex 2X Inverse Bitcoin Daily Target ETF | 0.92 |
| SBIT | ProShares UltraShort Bitcoin ETF | 0.91 |
| BITI | ProShares Short Bitcoin ETF | 0.90 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | 0.75 |
Most inversely correlated with ETHD
| Symbol | Company | Correlation |
|---|---|---|
| FETH | Fidelity Ethereum FundFINANCE SERVICES | -0.99 |
| ETHW | Bitwise Ethereum ETFFINANCE SERVICES | -0.99 |
| ETHE | Grayscale Ethereum Staking ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| ETH | Grayscale Ethereum Staking Mini ETF SharesCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
| EZET | Franklin Ethereum ETFCOMMODITY CONTRACTS BROKERS & DEALERS | -0.99 |
Frequently asked questions about ETHD correlations
- Which stocks are most correlated with ETHD?
- Based on one year of daily returns, the stocks most correlated with ProShares UltraShort Ether ETF (ETHD) are SETH (0.99), BTCZ (0.92) and SBIT (0.91). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ETHD?
- Over the past year, the stocks most inversely correlated with ProShares UltraShort Ether ETF (ETHD) are FETH (-0.99), ETHW (-0.99) and ETHE (-0.99). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ETHD correlations calculated?
- We compute the correlation of daily returns between ETHD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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