BETE vs. BFOC

Last updated Jul 14, 2026

BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and BFOC (FT Vest Bitcoin Strategy Floor15 ETF - October) are both exchange-traded funds - BETE is a Cryptocurrency fund managed by ProShares, while BFOC is a Defined Outcome fund actively managed by First Trust. Their correlation of 0.86 suggests significant overlap in exposure. BETE charges 0.95%/yr vs 0.90%/yr for BFOC.

Performance

BETE vs. BFOC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BETE achieves a -36.27% return, which is significantly lower than BFOC's -6.95% return.

BETE

• 1D: -2.05%
• 1M: 1.87%
• 6M: -38.78%
• YTD: -36.27%
• 1Y: -44.90%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BFOC

• 1D: 0.00%
• 1M: 0.15%
• 6M: -8.04%
• YTD: -6.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BETE vs. BFOC - Yearly Performance Comparison

	2026 (YTD)	2025
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	-36.27%	-26.91%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	-6.95%	-9.75%

Correlation

The correlation between BETE and BFOC is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 1, 2025	0.86

Return for Risk

BETE vs. BFOC — Risk / Return Rank

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

BETE

BETE Risk / Return Rank: 3
BETE Sharpe Ratio Rank: 3
BETE Sortino Ratio Rank: 3
BETE Omega Ratio Rank: 3
BETE Calmar Ratio Rank: 3
BETE Martin Ratio Rank: 3

BFOC

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. BFOC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and FT Vest Bitcoin Strategy Floor15 ETF - October (BFOC). 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	BFOC	Difference
Sharpe ratio: Return per unit of total volatility	-0.81	—	—
Sortino ratio: Return per unit of downside risk	-1.10	—	—
Omega ratio: Gain probability vs. loss probability	0.88	—	—
Calmar ratio: Return relative to maximum drawdown	-0.73	—	—
Martin ratio: Return relative to average drawdown	-1.17	—	—

Drawdowns

BETE vs. BFOC - Drawdown Comparison

The maximum BETE drawdown since its inception was -61.75%, which is greater than BFOC's maximum drawdown of -18.41%. Use the drawdown chart below to compare losses from any high point for BETE and BFOC.

Drawdown Indicators

	BETE	BFOC	Difference
Max Drawdown Largest peak-to-trough decline	-61.75%	-18.41%	-43.34%
Max Drawdown (1Y) Largest decline over 1 year	-61.75%	—	—
Current Drawdown Current decline from peak	-58.21%	-17.81%	-40.40%
Average Drawdown Average peak-to-trough decline	-22.79%	-13.16%	-9.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.42%	—	—

Volatility

Volatility by Period

	BETE	BFOC	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	40.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	55.52%	12.00%	+43.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.34%	12.00%	+44.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.34%	12.00%	+44.34%

BETE vs. BFOC - Expense Ratio Comparison

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

Dividends

BETE vs. BFOC - Dividend Comparison

BETE's dividend yield for the trailing twelve months is around 81.87%, while BFOC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	81.87%	68.22%	15.22%	0.78%
BFOC FT Vest Bitcoin Strategy Floor15 ETF - October	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BETE and BFOC in my portfolio?

BETE and BFOC have a correlation of 0.86, 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 BFOC?

On fees, BFOC 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 BFOC?

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

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

BETE has the higher dividend yield at 81.87%, compared with 0.00% for BFOC.

What is the main difference between BETE and BFOC?

BETE is categorized as Cryptocurrency, while BFOC is Defined Outcome. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for BETE and 0.90% for BFOC.