BETE vs. BKCH

Last updated Jul 16, 2026

BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - BETE is a Cryptocurrency fund managed by ProShares, while BKCH is a Blockchain fund tracking the Solactive Blockchain Index. Over the past year, BETE returned -41.32% vs 19.57% for BKCH. A 0.67 correlation means they provide meaningful diversification when combined. BETE charges 0.95%/yr vs 0.50%/yr for BKCH.

Performance

BETE vs. BKCH - Performance Comparison

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

Returns By Period

In the year-to-date period, BETE achieves a -32.09% return, which is significantly lower than BKCH's 7.19% return.

BETE

• 1D: 1.50%
• 1M: 1.39%
• 6M: -39.52%
• YTD: -32.09%
• 1Y: -41.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BKCH

• 1D: 1.59%
• 1M: -21.67%
• 6M: -15.70%
• YTD: 7.19%
• 1Y: 19.57%
• 3Y*: 23.26%
• 5Y*: -1.53%
• 10Y*: —

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

BETE vs. BKCH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	-32.09%	-8.17%	66.02%	36.61%
BKCH Global X Blockchain ETF	7.19%	27.14%	18.81%	101.61%

Correlation

The correlation between BETE and BKCH is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	0.67

The correlation between BETE and BKCH has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.

Return for Risk

BETE vs. BKCH — 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: 3
BETE Sortino Ratio Rank: 4
BETE Omega Ratio Rank: 4
BETE Calmar Ratio Rank: 4
BETE Martin Ratio Rank: 4

BKCH

BKCH Risk / Return Rank: 16
BKCH Sharpe Ratio Rank: 14
BKCH Sortino Ratio Rank: 19
BKCH Omega Ratio Rank: 18
BKCH Calmar Ratio Rank: 14
BKCH Martin Ratio Rank: 13

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. BKCH - Risk-Adjusted Trends 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.

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	BKCH	Difference
Sharpe ratio: Return per unit of total volatility	-0.74	0.28	-1.02
Sortino ratio: Return per unit of downside risk	-0.94	0.88	-1.82
Omega ratio: Gain probability vs. loss probability	0.90	1.10	-0.21
Calmar ratio: Return relative to maximum drawdown	-0.67	0.35	-1.02
Martin ratio: Return relative to average drawdown	-1.07	0.61	-1.67

BETE vs. BKCH - Sharpe Ratio Comparison

The current BETE Sharpe Ratio is -0.74, which is lower than the BKCH Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of BETE and BKCH, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BETE vs. BKCH - Drawdown Comparison

The maximum BETE drawdown since its inception was -61.75%, 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.

Drawdown Indicators

	BETE	BKCH	Difference
Max Drawdown Largest peak-to-trough decline	-61.75%	-91.80%	+30.05%
Max Drawdown (1Y) Largest decline over 1 year	-61.75%	-56.28%	-5.47%
Max Drawdown (3Y) Largest decline over 3 years	—	-57.99%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-91.80%	—
Current Drawdown Current decline from peak	-55.47%	-48.61%	-6.86%
Average Drawdown Average peak-to-trough decline	-22.88%	-61.66%	+38.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.74%	32.40%	+6.34%

Volatility

BETE vs. BKCH - Volatility Comparison

The current volatility for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is 14.29%, while Global X Blockchain ETF (BKCH) has a volatility of 15.63%. 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.

Volatility by Period

	BETE	BKCH	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.29%	15.63%	-1.34%
Volatility (6M) Calculated over the trailing 6-month period	41.02%	50.56%	-9.54%
Volatility (1Y) Calculated over the trailing 1-year period	55.67%	70.32%	-14.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.35%	75.24%	-18.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.35%	75.25%	-18.90%

BETE vs. BKCH - Expense Ratio Comparison

BETE has a 0.95% expense ratio, which is higher than BKCH's 0.50% expense ratio.

Dividends

BETE vs. BKCH - Dividend Comparison

BETE's dividend yield for the trailing twelve months is around 76.83%, more than BKCH's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	76.83%	68.22%	15.22%	0.78%	0.00%	0.00%
BKCH Global X Blockchain ETF	1.78%	2.00%	7.61%	2.33%	1.29%	4.28%

Frequently Asked Questions

Can I hold both BETE and BKCH in my portfolio?

BETE and BKCH have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BETE or BKCH?

BKCH has higher volatility (15.63%) compared to BETE (14.29%). In terms of maximum drawdown, BETE dropped -61.75% vs BKCH's -91.80%.

Which ETF is better, BETE or BKCH?

On 1-year performance, BKCH leads with 19.57% vs -41.32% for BETE. On fees, BKCH is cheaper at 0.50% per year. On volatility, BETE has been the lower-risk option at 14.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETE or BKCH?

Over the 1-year period, BKCH has performed better with a 19.57% return vs -41.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETE or BKCH?

BKCH is cheaper with a 0.50% expense ratio, compared with 0.95% for BETE.

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

BETE has the higher dividend yield at 76.83%, compared with 1.78% for BKCH.

What is the main difference between BETE and BKCH?

BETE is categorized as Cryptocurrency, while BKCH is Blockchain. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.95% for BETE and 0.50% for BKCH.

Which has better risk-adjusted returns?

BKCH currently has the higher Sharpe Ratio (0.28 vs -0.74), 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.