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SETHProShares Short Ether ETF

Take a bet2y track recordRanked #384 of 775 in this goal

Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Bloomberg Ethereum Index.

By ProShares · Launched 2023

Annual Cost

0.95%

#4,684 of 5,562 · expensive

Fund Size

$20M

#4,353 of 5,562 · small

Return (1Y)Goal

-1.1%

Track Record

2 years

#3,273 of 5,562 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$9,737-2.6%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Cryptocurrency

Strategy

Inverse

Index tracked

Bloomberg Ethereum Index

What it actually holds

By weight

Asset allocation

Other
61.9%
Cash
38.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
69.1%High

Year-on-year price swings

Max drawdown
-80.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the Bloomberg Ethereum Index.
Strategy
Invests primarily in ether futures contracts to achieve inverse exposure to ether's price. The Fund rebalances daily to maintain its target exposure, using derivatives and money market instruments for liquidity.
Inception date
November 1, 2023
Fund family
ProShares

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Inverse
Warning

Inverse ETF — daily tool only

Delivers the inverse of the benchmark's daily return. The compounding path makes multi-day holding unpredictable even when the benchmark's total move goes your way. Legitimate as a one-day hedge; dangerous as a view.

Source: Cheng & Madhavan (2009)

Why we flagged this: strategy=inverse + inverse_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-20