BETE vs. ARKW

Last updated Apr 2, 2026

Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and ARK Next Generation Internet ETF (ARKW).

BETE and ARKW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BETE is managed by ProShares. It was launched on Oct 2, 2023. ARKW is an actively managed fund by ARK. It was launched on Sep 30, 2014.

Performance

BETE vs. ARKW - 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 Next Generation Internet ETF (ARKW). The values are adjusted to include any dividend payments, if applicable.

BETE vs. ARKW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	-26.05%	-8.17%	66.02%	40.23%
ARKW ARK Next Generation Internet ETF	-17.90%	38.93%	42.27%	40.50%

Returns By Period

In the year-to-date period, BETE achieves a -26.05% return, which is significantly lower than ARKW's -17.90% return.

BETE

• 1D: 1.38%
• 1M: 1.51%
• YTD: -26.05%
• 6M: -47.68%
• 1Y: -5.03%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARKW

• 1D: 0.56%
• 1M: -4.66%
• YTD: -17.90%
• 6M: -29.29%
• 1Y: 27.20%
• 3Y*: 31.95%
• 5Y*: -3.84%
• 10Y*: 21.40%

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

BETE vs. ARKW - Expense Ratio Comparison

BETE has a 0.95% expense ratio, which is higher than ARKW's 0.76% expense ratio.

BETE

Proshares Bitcoin & Ether Equal Weight Strategy ETF

ARKW

ARK Next Generation Internet ETF

Return for Risk

BETE vs. ARKW — Risk / Return Rank

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

BETE

BETE Risk / Return Rank: 12
BETE Sharpe Ratio Rank: 10
BETE Sortino Ratio Rank: 14
BETE Omega Ratio Rank: 13
BETE Calmar Ratio Rank: 12
BETE Martin Ratio Rank: 11

ARKW

ARKW Risk / Return Rank: 35
ARKW Sharpe Ratio Rank: 37
ARKW Sortino Ratio Rank: 42
ARKW Omega Ratio Rank: 36
ARKW Calmar Ratio Rank: 32
ARKW Martin Ratio Rank: 25

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. ARKW - 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 Next Generation Internet ETF (ARKW). 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	ARKW	Difference
Sharpe ratio Return per unit of total volatility	-0.09	0.72	-0.81
Sortino ratio Return per unit of downside risk	0.30	1.24	-0.94
Omega ratio Gain probability vs. loss probability	1.03	1.15	-0.12
Calmar ratio Return relative to maximum drawdown	-0.03	0.83	-0.86
Martin ratio Return relative to average drawdown	-0.06	2.01	-2.06
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. ARKW - Sharpe Ratio Comparison

The current BETE Sharpe Ratio is -0.09, which is lower than the ARKW Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of BETE and ARKW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BETE	ARKW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.09	0.72	-0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.53	-0.18

Correlation

The correlation between BETE and ARKW is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BETE vs. ARKW - Dividend Comparison

BETE's dividend yield for the trailing twelve months is around 80.31%, more than ARKW's 1.94% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	80.31%	68.22%	15.22%	0.78%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARKW ARK Next Generation Internet ETF	1.94%	1.59%	0.00%	0.00%	0.00%	0.17%	1.29%	0.00%	13.05%	2.05%	0.00%	2.29%

Drawdowns

BETE vs. ARKW - Drawdown Comparison

The maximum BETE drawdown since its inception was -56.31%, smaller than the maximum ARKW drawdown of -80.52%. Use the drawdown chart below to compare losses from any high point for BETE and ARKW.

Drawdown Indicators

	BETE	ARKW	Difference
Max Drawdown Largest peak-to-trough decline	-56.31%	-80.52%	+24.21%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	-36.21%	-20.10%
Max Drawdown (5Y) Largest decline over 5 years	—	-77.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.52%	—
Current Drawdown Current decline from peak	-51.51%	-34.20%	-17.31%
Average Drawdown Average peak-to-trough decline	-19.52%	-23.98%	+4.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.99%	14.98%	+12.01%

Volatility

BETE vs. ARKW - Volatility Comparison

Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 16.07% compared to ARK Next Generation Internet ETF (ARKW) at 11.70%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than ARKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETE	ARKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.07%	11.70%	+4.37%
Volatility (6M) Calculated over the trailing 6-month period	44.91%	25.81%	+19.10%
Volatility (1Y) Calculated over the trailing 1-year period	58.78%	37.79%	+20.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.59%	43.68%	+13.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.59%	37.55%	+20.04%