BETE vs. AAPL
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Apple Inc (AAPL).
BETE is managed by ProShares. It was launched on Oct 2, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETE or AAPL.
Correlation
The correlation between BETE and AAPL is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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BETE vs. AAPL - Performance Comparison
Key characteristics
BETE:
1.21
AAPL:
1.15
BETE:
1.86
AAPL:
1.72
BETE:
1.23
AAPL:
1.22
BETE:
1.90
AAPL:
1.60
BETE:
3.90
AAPL:
4.06
BETE:
18.41%
AAPL:
6.53%
BETE:
59.22%
AAPL:
22.99%
BETE:
-37.88%
AAPL:
-81.80%
BETE:
-8.44%
AAPL:
-11.21%
Returns By Period
In the year-to-date period, BETE achieves a 8.44% return, which is significantly higher than AAPL's -8.16% return.
BETE
8.44%
4.65%
20.38%
75.86%
N/A
N/A
AAPL
-8.16%
-9.63%
2.92%
20.64%
24.57%
24.85%
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Risk-Adjusted Performance
BETE vs. AAPL — Risk-Adjusted Performance Rank
BETE
AAPL
BETE vs. AAPL - Risk-Adjusted Performance 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.
Dividends
BETE vs. AAPL - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 14.03%, more than AAPL's 0.43% yield.
TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Proshares Bitcoin & Ether Equal Weight Strategy ETF | 14.03% | 15.22% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Apple Inc | 0.43% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% | 1.67% |
Drawdowns
BETE vs. AAPL - Drawdown Comparison
The maximum BETE drawdown since its inception was -37.88%, 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. For additional features, visit the drawdowns tool.
Volatility
BETE vs. AAPL - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 17.72% compared to Apple Inc (AAPL) at 7.18%. 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.
Recent discussions
Transactional Portfolio Use
I am trying to understand how to make the best use of transactional portfolios. At first I thought it is useful when tracking the performance of a self-managed fund. You add cash to it, transact in equities, adding each transaction to the portfolio. It then shows you its performance wrt. to a benchmark. The broker does this for you anyway, but the whole reason I started evaluating Portfolioslab is so that I can separate my single broker account into thematic baskets ("thematic funds") and track their performance individually.
The transactional portfolio in Portfolioslab does not seem to work that way. It does not consider the changes in cash position, ie. any profit/loss made on equity transactions. It does not seem to be suited for track the assets of a fund, so to speak. What good is transactional portfolio then?
EG
Feature idea - suggesting new diversified best risk/return options for a portfolio ?
Hi Dimitry,
Do you have any plans to add recommended instruments that will provide better diversification and risk/return for a portfolio like some other sites do ? They claim to do this based on expected future performance, but even based on past performance and past diversification may be a good start ?
RB
Treynor Black model
guphex