BETE vs. BKCH
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Global X Blockchain ETF (BKCH).
BETE and BKCH 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. BKCH is an actively managed fund by Global X. It was launched on Jul 12, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETE or BKCH.
Performance
BETE vs. BKCH - Performance Comparison
Returns By Period
In the year-to-date period, BETE achieves a 66.72% return, which is significantly higher than BKCH's 39.66% return.
BETE
66.72%
35.19%
5.20%
89.16%
N/A
N/A
BKCH
39.66%
22.62%
39.60%
125.92%
N/A
N/A
Key characteristics
BETE | BKCH | |
---|---|---|
Sharpe Ratio | 1.53 | 1.54 |
Sortino Ratio | 2.15 | 2.32 |
Omega Ratio | 1.26 | 1.26 |
Calmar Ratio | 2.35 | 1.59 |
Martin Ratio | 4.89 | 5.64 |
Ulcer Index | 18.23% | 22.33% |
Daily Std Dev | 58.25% | 81.74% |
Max Drawdown | -37.88% | -91.80% |
Current Drawdown | -4.49% | -55.67% |
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BETE vs. BKCH - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than BKCH's 0.50% expense ratio.
Correlation
The correlation between BETE and BKCH is 0.64, 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.
Risk-Adjusted Performance
BETE vs. BKCH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Global X Blockchain ETF (BKCH). 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. BKCH - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 15.31%, more than BKCH's 1.60% yield.
TTM | 2023 | 2022 | 2021 | |
---|---|---|---|---|
Proshares Bitcoin & Ether Equal Weight Strategy ETF | 15.31% | 0.78% | 0.00% | 0.00% |
Global X Blockchain ETF | 1.60% | 2.33% | 1.30% | 4.28% |
Drawdowns
BETE vs. BKCH - Drawdown Comparison
The maximum BETE drawdown since its inception was -37.88%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BETE and BKCH. For additional features, visit the drawdowns tool.
Volatility
BETE vs. BKCH - Volatility Comparison
The current volatility for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is 19.90%, while Global X Blockchain ETF (BKCH) has a volatility of 31.01%. This indicates that BETE experiences smaller price fluctuations and is considered to be less risky than BKCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.