BETE vs. ARKD

Last updated Jun 26, 2026

BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and ARKD (ARK 21Shares Digital Asset and Blockchain Strategy ETF) are both Cryptocurrency funds. A 0.65 correlation means they provide meaningful diversification when combined. BETE charges 0.95%/yr vs 0.90%/yr for ARKD.

Performance

BETE vs. ARKD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BETE

• 1D: -1.16%
• 1M: -23.42%
• YTD: -41.67%
• 6M: -41.18%
• 1Y: -41.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKD

• 1D: -0.24%
• 1M: -0.59%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BETE vs. ARKD - Yearly Performance Comparison

	2026 (YTD)
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	-41.67%
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	-2.41%

Correlation

The correlation between BETE and ARKD is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 2, 2026	0.65

Return for Risk

BETE vs. ARKD — 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

ARKD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. ARKD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and ARK 21Shares Digital Asset and Blockchain Strategy ETF (ARKD). 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	ARKD	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	—	—
Sortino ratio: Return per unit of downside risk	-0.94	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.67	—	—
Martin ratio: Return relative to average drawdown	-1.14	—	—

Drawdowns

BETE vs. ARKD - Drawdown Comparison

The maximum BETE drawdown since its inception was -61.75%, which is greater than ARKD's maximum drawdown of -14.03%. Use the drawdown chart below to compare losses from any high point for BETE and ARKD.

Drawdown Indicators

	BETE	ARKD	Difference
Max Drawdown Largest peak-to-trough decline	-61.75%	-14.03%	-47.72%
Max Drawdown (1Y) Largest decline over 1 year	-61.75%	—	—
Current Drawdown Current decline from peak	-61.75%	-5.62%	-56.13%
Average Drawdown Average peak-to-trough decline	-22.21%	-6.02%	-16.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.38%	—	—

Volatility

Volatility by Period

	BETE	ARKD	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.79%	20.34%	+35.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.57%	20.34%	+36.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.57%	20.34%	+36.23%

BETE vs. ARKD - Expense Ratio Comparison

BETE has a 0.95% expense ratio, which is higher than ARKD's 0.90% expense ratio.

Dividends

BETE vs. ARKD - Dividend Comparison

BETE's dividend yield for the trailing twelve months is around 94.76%, while ARKD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
ARKD ARK 21Shares Digital Asset and Blockchain Strategy ETF	0.00%	0.00%	0.00%	0.00%
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	94.76%	68.22%	15.22%	0.78%

Frequently Asked Questions

Can I hold both BETE and ARKD in my portfolio?

BETE and ARKD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BETE or ARKD?

On fees, ARKD is cheaper at 0.90% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BETE or ARKD?

ARKD is cheaper with a 0.90% expense ratio, compared with 0.95% for BETE.

Which ETF pays a higher dividend yield, BETE or ARKD?

BETE has the higher dividend yield at 94.76%, compared with 0.00% for ARKD.

What is the main difference between BETE and ARKD?

They also come from different issuers: ProShares and ARK. Their fees differ too: 0.95% for BETE and 0.90% for ARKD.