Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BETE. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BETE
BETE charges 0.95% annually. There are 76 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 281.21M | Apr 2026 | BETE vs MSBT | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.48B | Jul 2024 | BETE vs ETH | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.37B | Jul 2024 | BETE vs BTC | |
| Franklin Bitcoin ETF | 0.19% | 358.90M | Jan 2024 | BETE vs EZBC | |
| Franklin Crypto Index ETF | 0.19% | 12.43M | Feb 2025 | BETE vs EZPZ |
Best Risk-Adjusted Alternatives to BETE
BETE has a PortfoliosLab risk / return rank of 4. There are 26 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 89.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 89 | — | Oct 2017 | BETE vs ZCSH | |
| Valkyrie Bitcoin Miners ETF | 81 | 395.17M | Feb 2022 | BETE vs WGMI | |
| REX Crypto Equity Premium Income ETF | 35 | 112.87M | Dec 2024 | BETE vs CEPI | |
| iShares Blockchain and Tech ETF | 31 | 99.02M | Apr 2022 | BETE vs IBLC | |
| ProShares Shrt Bitcoin ETF | 30 | 127.37M | Jun 2022 | BETE vs BITI |
Top Performing BETE Alternatives (YTD)
BETE is at -35.80% YTD. There are 61 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 88.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Valkyrie Bitcoin Miners ETF | 88.08% | 395.17M | Feb 2022 | BETE vs WGMI | |
| ProShares UltraShort Ether ETF | 61.66% | 76.32M | Jun 2024 | BETE vs ETHD | |
| ProShares Short Ether Strategy ETF | 42.44% | 20.27M | Nov 2023 | BETE vs SETH | |
| Proshares Ultrashort Bitcoin ETF | 36.95% | 188.94M | Apr 2024 | BETE vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 32.42% | — | Jul 2024 | BETE vs BTCZ |
Lowest Volatility Alternatives to BETE
BETE has 55.75% 1-year volatility. There are 51 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.07%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.07% | — | Oct 2025 | BETE vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.84% | — | Oct 2025 | BETE vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.96% | — | Oct 2025 | BETE vs CBXO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 12.33% | 7.61M | Sep 2025 | BETE vs BFOC | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 12.41% | — | Oct 2025 | BETE vs CBTO |
Lowest Drawdown Alternatives to BETE
BETE has a 1-year max drawdown of -61.15%. There are 43 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -10.70%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -10.70% | 22.14M | Aug 2022 | BETE vs BCDF | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.87M | Dec 2024 | BETE vs CEPI | |
| ProShares Shrt Bitcoin ETF | -25.28% | 127.37M | Jun 2022 | BETE vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.56% | 1.50M | Mar 2024 | BETE vs BTRN | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | -26.51% | 17.91M | Mar 2023 | BETE vs BITC |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, BITO, QLD and span 10 categories. AUM among these funds goes as high as $40B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 68 | 56.90% | 39.74B | Feb 2010 | BETE vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 2 | -27.53% | 1.42B | Oct 2021 | BETE vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities | 67 | 38.76% | 14.59B | Jun 2006 | BETE vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 59 | 22.44% | 5.36B | Jun 2009 | BETE vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 59 | 16.27% | 8.02B | Jun 2006 | BETE vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 31 | 5.77% | 11.27B | Oct 2013 | BETE vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 89 | 110.66% | 3.28B | Jan 2007 | BETE vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 0 | -45.65% | 1.83B | Feb 2010 | BETE vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 1 | -28.03% | 265.17M | Oct 2011 | BETE vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 2 | -55.20% | 340.85M | Apr 2024 | BETE vs BITU |
Often Compared With BETE
Investors most often compare BETE with BETH, GOOG, VOO. These 20 comparison targets span 7 categories, based on PortfoliosLab usage data.
Compare BETE with Any Fund or Stock
Compare BETE with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BETE with funds that move differently
Proshares Bitcoin & Ether Equal Weight Strategy ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BETE.
Explore BETE Diversifiers