BETE vs. BTC-USD
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) is Cryptocurrency fund managed by ProShares, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past year, BETE returned -42.45% vs -45.95% for BTC-USD. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
BETE vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -33.09% return, which is significantly lower than BTC-USD's -25.95% return.
BETE
- 1D
- 4.98%
- 1M
- 6.95%
- 6M
- -37.80%
- YTD
- -33.09%
- 1Y
- -42.45%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC-USD
- 1D
- 4.06%
- 1M
- -1.40%
- 6M
- -32.07%
- YTD
- -25.95%
- 1Y
- -45.95%
- 3Y*
- 28.83%
- 5Y*
- 15.25%
- 10Y*
- 58.05%
BETE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -33.09% | -8.17% | 66.02% | 36.61% |
BTC-USD Bitcoin | -25.95% | -6.27% | 120.76% | 51.05% |
Correlation
The correlation between BETE and BTC-USD is 0.70, 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 | 0.70 |
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 | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.84 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | -0.87 | +0.18 |
| Martin ratioReturn relative to average drawdown | -1.10 | -1.40 | +0.30 |
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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 | -56.13% | -48.05% | -8.08% |
Average DrawdownAverage peak-to-trough decline | -22.84% | -42.56% | +19.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.59% | 29.09% | +9.50% |
Volatility
BETE vs. BTC-USD - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 14.27% compared to Bitcoin (BTC-USD) at 9.63%. 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 | 14.27% | 9.63% | +4.64% |
Volatility (6M)Calculated over the trailing 6-month period | 41.01% | 34.91% | +6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.65% | 35.72% | +19.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.38% | 43.97% | +12.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.38% | 56.33% | +0.05% |
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 (14.27%) compared to BTC-USD (9.63%). In terms of maximum drawdown, BETE dropped -61.75% vs BTC-USD's -85.30%.
BETE currently has the higher Sharpe Ratio (-0.77 vs -1.07), 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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