SETH vs TPLS

Comparison between ProShares Short Ether ETF (SETH, ETF) and THORNBURG CORE PLUS BOND ETF (TPLS, ETF).

SETH vs TPLS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SETH(ETF)	TPLS(ETF)
Net Assets	$20M	$20M
Expense Ratio	0.95%	0.45%
Max Drawdown	81.90%	4.20%
Sharpe Ratio	0.47	0.32
5Y Beta	-2.10	0.04

Net Assets

SETH

$20M

TPLS

$20M

Expense Ratio

SETH

0.95%

Winner

TPLS

0.45%

Max Drawdown

SETH

81.90%

Winner

TPLS

4.20%

Sharpe Ratio

Winner

SETH

0.47

TPLS

0.32

5Y Beta

Winner

SETH

-2.10

TPLS

0.04

SETH vs TPLS - Historical Returns

Returns include dividend reinvestment.

Period	SETH	TPLS
1 month	+33.45%	+0.64%
3 months	+17.77%	+0.44%
6 months	+54.28%	+1.00%
1 year	+8.31%	+4.63%
Max(CAGR)	-28.82%	+4.51%

Winner

SETH

+33.45%

TPLS

+0.64%

Winner

SETH

+17.77%

TPLS

+0.44%

Winner

SETH

+54.28%

TPLS

+1.00%

Winner

SETH

+8.31%

TPLS

+4.63%

Max(CAGR)

SETH

-28.82%

Winner

TPLS

+4.51%

SETH vs TPLS - Annual Returns (2023 - 2026)

Returns include dividend reinvestment.

Year	SETH	TPLS
2026	+58.04%	+0.59%
2025	-26.97%	+5.58%
2024	-48.29%	N/A
2023	-22.80%	N/A

SETH vs TPLS 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 TPLS was -3.04%, occurring on May 19, 2026. This drawdown has not yet recovered.

The current SETH drawdown is -58.82%. The current TPLS drawdown is -1.48%.

Rank	SETH	TPLS
#1	-80.73% Nov 2, 2023 - Oct 6, 2025	-3.04% Feb 27, 2026 - May 19, 2026
#2	N/A	-2.92% Apr 4, 2025 - Jun 30, 2025
#3	N/A	-1.39% Jun 30, 2025 - Aug 1, 2025
#4	N/A	-1.31% Feb 5, 2025 - Feb 21, 2025
#5	N/A	-1.19% Oct 28, 2025 - Feb 5, 2026
#6	N/A	-1.04% Mar 3, 2025 - Apr 1, 2025
#7	N/A	-0.79% Sep 16, 2025 - Oct 10, 2025
#8	N/A	-0.55% Aug 5, 2025 - Aug 26, 2025
#9	N/A	-0.45% Aug 28, 2025 - Sep 3, 2025
#10	N/A	-0.25% Feb 26, 2025 - Feb 28, 2025
#11	N/A	-0.20% Feb 10, 2026 - Feb 12, 2026
#12	N/A	-0.19% Sep 11, 2025 - Sep 16, 2025
#13	N/A	-0.15% Feb 17, 2026 - Feb 23, 2026
#14	N/A	-0.14% Sep 8, 2025 - Sep 10, 2025
#15	N/A	-0.14% Oct 22, 2025 - Oct 27, 2025

Correlation

Correlation between SETH and TPLS is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

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