BETE vs. AAPL

Last updated Jun 3, 2026

BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) is Cryptocurrency fund managed by ProShares, while AAPL (Apple Inc) is a stock. Over the past year, BETE returned -31.23% vs 56.89% for AAPL. At a 0.19 correlation, their price movements are largely independent.

Performance

BETE vs. AAPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Apple Inc (AAPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BETE achieves a -31.27% return, which is significantly lower than AAPL's 16.16% return.

BETE

• 1D: -5.45%
• 1M: -16.23%
• YTD: -31.27%
• 6M: -32.93%
• 1Y: -31.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

AAPL

• 1D: 2.90%
• 1M: 12.62%
• YTD: 16.16%
• 6M: 10.34%
• 1Y: 56.89%
• 3Y*: 20.88%
• 5Y*: 21.22%
• 10Y*: 30.33%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BETE vs. AAPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	-31.27%	-8.17%	66.02%	40.23%
AAPL Apple Inc	16.16%	9.05%	30.71%	10.95%

Correlation

The correlation between BETE and AAPL is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023	0.19

Return for Risk

BETE vs. AAPL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETE

BETE Risk / Return Rank: 4
BETE Sharpe Ratio Rank: 4
BETE Sortino Ratio Rank: 4
BETE Omega Ratio Rank: 4
BETE Calmar Ratio Rank: 4
BETE Martin Ratio Rank: 4

AAPL

AAPL Risk / Return Rank: 90
AAPL Sharpe Ratio Rank: 92
AAPL Sortino Ratio Rank: 92
AAPL Omega Ratio Rank: 91
AAPL Calmar Ratio Rank: 88
AAPL Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BETE vs. AAPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Apple Inc (AAPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BETE	AAPL	Difference
Sharpe ratio Return per unit of total volatility	-0.57	2.57	-3.14
Sortino ratio Return per unit of downside risk	-0.57	3.56	-4.13
Omega ratio Gain probability vs. loss probability	0.94	1.46	-0.52
Calmar ratio Return relative to maximum drawdown	-0.57	4.17	-4.74
Martin ratio Return relative to average drawdown	-0.96	10.52	-11.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BETE vs. AAPL - Sharpe Ratio Comparison

The current BETE Sharpe Ratio is -0.57, which is lower than the AAPL Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of BETE and AAPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BETE	AAPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	2.57	-3.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.44	-0.17

Drawdowns

BETE vs. AAPL - Drawdown Comparison

The maximum BETE drawdown since its inception was -56.31%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for BETE and AAPL.

Drawdown Indicators

	BETE	AAPL	Difference
Max Drawdown Largest peak-to-trough decline	-56.31%	-81.80%	+25.49%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	-13.80%	-42.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-33.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.52%	—
Current Drawdown Current decline from peak	-54.93%	0.00%	-54.93%
Average Drawdown Average peak-to-trough decline	-21.31%	-29.61%	+8.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.27%	5.47%	+27.80%

Volatility

BETE vs. AAPL - Volatility Comparison

Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 9.48% compared to Apple Inc (AAPL) at 5.32%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETE	AAPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.48%	5.32%	+4.16%
Volatility (6M) Calculated over the trailing 6-month period	40.58%	15.89%	+24.69%
Volatility (1Y) Calculated over the trailing 1-year period	54.80%	22.25%	+32.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.46%	27.46%	+29.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.46%	28.89%	+27.57%

Dividends

BETE vs. AAPL - Dividend Comparison

BETE's dividend yield for the trailing twelve months is around 80.41%, more than AAPL's 0.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AAPL Apple Inc	0.33%	0.38%	0.40%	0.49%	0.70%	0.49%	0.61%	1.04%	1.79%	1.45%	1.93%	1.93%
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	80.41%	68.22%	15.22%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BETE and AAPL in my portfolio?

BETE and AAPL have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BETE or AAPL?

BETE has higher volatility (9.48%) compared to AAPL (5.32%). In terms of maximum drawdown, BETE dropped -56.31% vs AAPL's -81.80%.

Which has better risk-adjusted returns?

AAPL currently has the higher Sharpe Ratio (2.57 vs -0.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.