BETE vs. BTC-USD
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BETE returned -47.64% vs -44.42% for BTC-USD. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
BETE vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -33.49% return, which is significantly lower than BTC-USD's -26.92% return.
BETE
- 1D
- 0.51%
- 1M
- 7.02%
- 6M
- -18.35%
- YTD
- -33.49%
- 1Y
- -47.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 12.16%
BTC-USD
- 1D
- 0.76%
- 1M
- 0.58%
- 6M
- -15.48%
- YTD
- -26.92%
- 1Y
- -44.42%
- 3Y*
- 30.09%
- 5Y*
- 9.36%
- 10Y*
- 59.72%
- ALL TIME*
- 87.41%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $91.14K | $81.40K | $93.13K | |
BTC-USD Bitcoin | $1506.18T | $1625.47T | $2048.00T |
BETE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -33.49% | -8.17% | 66.02% | 36.61% |
BTC-USD Bitcoin | -26.92% | -6.27% | 120.76% | 51.05% |
Correlation
The correlation between BETE and BTC-USD is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.68 |
The correlation between BETE and BTC-USD has been stable across timeframes, ranging from 0.68 to 0.70 - a consistent structural relationship.
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Return for Risk
BETE vs. BTC-USD — Risk / Return Rank
BETE
BTC-USD
BETE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.85 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.84 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.28 | +0.11 |
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Drawdowns
BETE vs. BTC-USD - Drawdown Comparison
The maximum BETE drawdown since its inception was -61.75%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for BETE and BTC-USD.
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Drawdown Indicators
| BETE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -85.30% | +23.55% |
Max Drawdown (1Y)Largest decline over 1 year | -61.75% | -53.08% | -8.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.08% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -56.39% | -48.73% | -7.66% |
Average DrawdownAverage peak-to-trough decline | -23.54% | -42.75% | +19.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.93% | 25.12% | +15.81% |
Volatility
BETE vs. BTC-USD - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 9.58% compared to Bitcoin (BTC-USD) at 8.45%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 8.45% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 38.07% | 33.45% | +4.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.09% | 35.85% | +19.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.93% | 43.62% | +12.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.93% | 56.22% | -0.29% |
Frequently Asked Questions
BETE and BTC-USD have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETE has higher volatility (9.58%) compared to BTC-USD (8.45%). In terms of maximum drawdown, BETE dropped -61.75% vs BTC-USD's -85.30%.
BETE currently has the higher Sharpe Ratio (-0.87 vs -1.03), 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.
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