Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE)
The ETF aims to achieve its objective through managed exposure to bitcoin and ether futures contracts.
ETF Info
| CUSIP | 74349Y407 |
|---|---|
| Issuer | ProShares |
| Inception Date | Oct 2, 2023 |
| Category | Blockchain |
| Distribution Policy | Distributing |
| Home Page | www.proshares.com |
| Asset Class | Cryptocurrency |
Expense Ratio
BETE has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: BETE vs. BKCH
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Proshares Bitcoin & Ether Equal Weight Strategy ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 28.55% | 5.57% |
| 1 month | -18.09% | -4.16% |
| 6 months | 55.85% | 20.07% |
| 1 year | N/A | 20.82% |
| 5 years (annualized) | N/A | 11.56% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.26% | 46.29% | 8.65% | |||||||||
| 2023 | 15.67% | 9.45% | 10.77% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Not enough dataDividends
Dividend History
Proshares Bitcoin & Ether Equal Weight Strategy ETF granted a 6.85% dividend yield in the last twelve months. The annual payout for that period amounted to $4.72 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $4.72 | $0.44 |
Dividend yield | 6.85% | 0.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Proshares Bitcoin & Ether Equal Weight Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.34 | $1.81 | |||||||||
| 2023 | $0.04 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Proshares Bitcoin & Ether Equal Weight Strategy ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Proshares Bitcoin & Ether Equal Weight Strategy ETF was 24.15%, occurring on Apr 30, 2024. The portfolio has not yet recovered.
The current Proshares Bitcoin & Ether Equal Weight Strategy ETF drawdown is 24.15%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.15% | Mar 14, 2024 | 33 | Apr 30, 2024 | — | — | — |
| -16.01% | Jan 12, 2024 | 7 | Jan 23, 2024 | 14 | Feb 12, 2024 | 21 |
| -8.06% | Dec 11, 2023 | 1 | Dec 11, 2023 | 18 | Jan 8, 2024 | 19 |
| -7.05% | Mar 5, 2024 | 1 | Mar 5, 2024 | 1 | Mar 6, 2024 | 2 |
| -6.84% | Oct 3, 2023 | 8 | Oct 12, 2023 | 6 | Oct 20, 2023 | 14 |
Volatility
Volatility Chart
The current Proshares Bitcoin & Ether Equal Weight Strategy ETF volatility is 17.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.