BETE vs. AAPL
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 -34.87% vs 46.63% for AAPL. At a 0.19 correlation, their price movements are largely independent.
Performance
BETE vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -38.20% return, which is significantly lower than AAPL's 8.46% return.
BETE
- 1D
- -3.75%
- 1M
- -18.77%
- YTD
- -38.20%
- 6M
- -38.25%
- 1Y
- -34.87%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AAPL
- 1D
- -0.91%
- 1M
- -4.70%
- YTD
- 8.46%
- 6M
- 8.26%
- 1Y
- 46.63%
- 3Y*
- 16.93%
- 5Y*
- 17.74%
- 10Y*
- 30.05%
BETE vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -38.20% | -8.17% | 66.02% | 36.61% |
AAPL Apple Inc | 8.46% | 9.05% | 30.71% | 12.60% |
Correlation
The correlation between BETE and AAPL is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.19 |
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Return for Risk
BETE vs. AAPL — Risk / Return Rank
BETE
AAPL
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BETE | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.70 | ||
| Sortino ratioReturn per unit of downside risk | -3.62 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.38 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 3.40 | -3.97 |
| Martin ratioReturn relative to average drawdown | -0.97 | 8.35 | -9.32 |
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Drawdowns
BETE vs. AAPL - Drawdown Comparison
The maximum BETE drawdown since its inception was -61.15%, 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.
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Drawdown Indicators
| BETE | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.15% | -81.80% | +20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -61.15% | -13.80% | -47.35% |
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 DrawdownCurrent decline from peak | -59.48% | -6.63% | -52.85% |
Average DrawdownAverage peak-to-trough decline | -22.09% | -29.58% | +7.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.97% | 5.60% | +30.37% |
Volatility
BETE vs. AAPL - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 15.88% compared to Apple Inc (AAPL) at 6.98%. 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.
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Volatility by Period
| BETE | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.88% | 6.98% | +8.90% |
Volatility (6M)Calculated over the trailing 6-month period | 40.47% | 16.62% | +23.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.76% | 22.57% | +33.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.58% | 27.52% | +29.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.58% | 28.92% | +27.66% |
Dividends
BETE vs. AAPL - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 89.43%, more than AAPL's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.36% | 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 | 89.43% | 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
BETE and AAPL have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETE has higher volatility (15.88%) compared to AAPL (6.98%). In terms of maximum drawdown, BETE dropped -61.15% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (2.08 vs -0.63), 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.
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