SETH vs JAPN

Comparison between ProShares Short Ether ETF (SETH, ETF) and HORIZON KINETICS JAPAN OWNER OPERATOR ETF (JAPN, ETF).

SETH vs JAPN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SETH(ETF)	JAPN(ETF)
Net Assets	$23M	$23M
Expense Ratio	0.95%	0.85%
Max Drawdown	81.90%	24.13%
Sharpe Ratio	0.62	-0.67
5Y Beta	-2.13	0.67

Net Assets

SETH

$23M

Winner

JAPN

$23M

Expense Ratio

SETH

0.95%

Winner

JAPN

0.85%

Max Drawdown

SETH

81.90%

Winner

JAPN

24.13%

Sharpe Ratio

Winner

SETH

0.62

JAPN

-0.67

5Y Beta

Winner

SETH

-2.13

JAPN

0.67

SETH vs JAPN - Historical Returns

Returns include dividend reinvestment.

Period	SETH	JAPN
1 month	-11.38%	+6.37%
3 months	+12.98%	+3.02%
6 months	+30.65%	-2.93%
1 year	+32.31%	-11.76%
Max(CAGR)	-32.25%	-3.49%

SETH

-11.38%

Winner

JAPN

+6.37%

Winner

SETH

+12.98%

JAPN

+3.02%

Winner

SETH

+30.65%

JAPN

-2.93%

Winner

SETH

+32.31%

JAPN

-11.76%

Max(CAGR)

SETH

-32.25%

Winner

JAPN

-3.49%

SETH vs JAPN - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	SETH	JAPN
2026	+33.28%	-6.97%
2025	-26.97%	+2.79%
2024	-48.29%	N/A
2023	-22.80%	N/A

SETH vs JAPN Drawdown Comparison

The maximum drawdown for SETH was -80.73%, occurring on Oct 6, 2025. This drawdown has not yet recovered.

The maximum drawdown for JAPN was -23.95%, occurring on Mar 30, 2026. This drawdown has not yet recovered.

The current SETH drawdown is -65.27%. The current JAPN drawdown is -17.04%.

Rank	SETH	JAPN
#1	-80.73% Nov 2, 2023 - Oct 6, 2025	-23.95% Aug 18, 2025 - Mar 30, 2026
#2	N/A	-5.63% Jun 27, 2025 - Aug 6, 2025
#3	N/A	-2.90% May 27, 2025 - Jun 2, 2025
#4	N/A	-1.52% Jun 12, 2025 - Jun 24, 2025
#5	N/A	-1.34% May 20, 2025 - May 27, 2025
#6	N/A	-1.04% Aug 7, 2025 - Aug 18, 2025
#7	N/A	-1.00% Jun 2, 2025 - Jun 9, 2025
#8	N/A	-0.36% May 16, 2025 - May 20, 2025
#9	N/A	-0.07% Jun 24, 2025 - Jun 26, 2025

Correlation

Correlation between SETH and JAPN is -0.53 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.53

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