BETE vs. BTC-USD
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Bitcoin (BTC-USD).
BETE is managed by ProShares. It was launched on Oct 2, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETE or BTC-USD.
Correlation
The correlation between BETE and BTC-USD is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BETE vs. BTC-USD - Performance Comparison
Key characteristics
BETE:
-0.24
BTC-USD:
2.03
BETE:
0.05
BTC-USD:
2.63
BETE:
1.01
BTC-USD:
1.27
BETE:
-0.29
BTC-USD:
1.83
BETE:
-0.62
BTC-USD:
9.11
BETE:
23.15%
BTC-USD:
11.34%
BETE:
59.47%
BTC-USD:
42.81%
BETE:
-49.48%
BTC-USD:
-93.07%
BETE:
-37.59%
BTC-USD:
-11.50%
Returns By Period
In the year-to-date period, BETE achieves a -26.08% return, which is significantly lower than BTC-USD's 0.55% return.
BETE
-26.08%
0.05%
-0.36%
-12.39%
N/A
N/A
BTC-USD
0.55%
8.10%
40.97%
45.69%
65.05%
82.80%
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Risk-Adjusted Performance
BETE vs. BTC-USD — Risk-Adjusted Performance Rank
BETE
BTC-USD
BETE vs. BTC-USD - Risk-Adjusted Performance 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.
Drawdowns
BETE vs. BTC-USD - Drawdown Comparison
The maximum BETE drawdown since its inception was -49.48%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BETE and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BETE vs. BTC-USD - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 20.75% compared to Bitcoin (BTC-USD) at 16.24%. 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.