BETE vs. EZET

Last updated Aug 2, 2026

BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and EZET (Franklin Ethereum ETF) are both Cryptocurrency funds. BETE is actively managed, while EZET is passively managed. Over the past year, BETE returned -46.67% vs -46.86% for EZET. Their 0.96 correlation means they have historically moved very closely together. BETE charges 0.95%/yr vs 0.19%/yr for EZET.

Performance

BETE vs. EZET - Performance Comparison

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

Returns By Period

In the year-to-date period, BETE achieves a -34.37% return, which is significantly higher than EZET's -37.21% return.

BETE

• 1D: -3.01%
• 1M: 5.60%
• 6M: -28.81%
• YTD: -34.37%
• 1Y: -46.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.68%

EZET

• 1D: -2.98%
• 1M: 9.70%
• 6M: -30.34%
• YTD: -37.21%
• 1Y: -46.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -26.91%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	$107.88K	$90.06K	$96.80K
EZET Franklin Ethereum ETF	$372.59K	$480.59K	$696.37K

BETE vs. EZET - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	-34.37%	-8.17%	11.01%
EZET Franklin Ethereum ETF	-37.21%	-11.23%	-4.77%

Correlation

The correlation between BETE and EZET is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.98
Correlation (All Time) Calculated using the full available price history since Jul 23, 2024	0.96

The correlation between BETE and EZET has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.

Return for Risk

BETE vs. EZET — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BETE

BETE Risk / Return Rank: 3
BETE Sharpe Ratio Rank: 2
BETE Sortino Ratio Rank: 2
BETE Omega Ratio Rank: 3
BETE Calmar Ratio Rank: 3
BETE Martin Ratio Rank: 3

EZET

EZET Risk / Return Rank: 3
EZET Sharpe Ratio Rank: 3
EZET Sortino Ratio Rank: 3
EZET Omega Ratio Rank: 4
EZET Calmar Ratio Rank: 3
EZET Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BETE vs. EZET - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Franklin Ethereum ETF (EZET). 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	EZET	Difference
Sharpe ratio: Return per unit of total volatility	-0.89	-0.75	-0.15
Sortino ratio: Return per unit of downside risk	-1.30	-0.98	-0.32
Omega ratio: Gain probability vs. loss probability	0.86	0.89	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.80	-0.74	-0.06
Martin ratio: Return relative to average drawdown	-1.21	-1.11	-0.11

BETE vs. EZET - Sharpe Ratio Comparison

The current BETE Sharpe Ratio is -0.89, which is comparable to the EZET Sharpe Ratio of -0.75. The chart below compares the historical Sharpe Ratios of BETE and EZET, 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. EZET - Drawdown Comparison

The maximum BETE drawdown since its inception was -61.75%, smaller than the maximum EZET drawdown of -67.89%. Use the drawdown chart below to compare losses from any high point for BETE and EZET.

Drawdown Indicators

	BETE	EZET	Difference
Max Drawdown Largest peak-to-trough decline	-61.75%	-67.89%	+6.14%
Max Drawdown (1Y) Largest decline over 1 year	-61.75%	-67.89%	+6.14%
Current Drawdown Current decline from peak	-56.97%	-61.51%	+4.54%
Average Drawdown Average peak-to-trough decline	-23.44%	-35.20%	+11.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.62%	45.36%	-4.74%

Volatility

BETE vs. EZET - Volatility Comparison

The current volatility for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is 11.10%, while Franklin Ethereum ETF (EZET) has a volatility of 13.02%. This indicates that BETE experiences smaller price fluctuations and is considered to be less risky than EZET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETE	EZET	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.10%	13.02%	-1.92%
Volatility (6M) Calculated over the trailing 6-month period	39.57%	45.86%	-6.29%
Volatility (1Y) Calculated over the trailing 1-year period	55.28%	67.21%	-11.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.01%	71.33%	-15.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	56.01%	71.33%	-15.32%

BETE vs. EZET - Expense Ratio Comparison

BETE has a 0.95% expense ratio, which is higher than EZET's 0.19% expense ratio.

Dividends

BETE vs. EZET - Dividend Comparison

BETE's dividend yield for the trailing twelve months is around 79.50%, while EZET has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	64.54%	68.22%	15.22%	0.78%
EZET Franklin Ethereum ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BETE and EZET in my portfolio?

With a correlation of 0.98, BETE and EZET move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BETE or EZET?

EZET has higher volatility (13.02%) compared to BETE (11.10%). In terms of maximum drawdown, BETE dropped -61.75% vs EZET's -67.89%.

Which ETF is better, BETE or EZET?

On 1-year performance, BETE leads with -46.67% vs -46.86% for EZET. On fees, EZET is cheaper at 0.19% per year. On volatility, BETE has been the lower-risk option at 11.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETE or EZET?

Over the 1-year period, BETE has performed better with a -46.67% return vs -46.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETE or EZET?

EZET is cheaper with a 0.19% expense ratio, compared with 0.95% for BETE.

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

BETE has the higher dividend yield at 64.54%, compared with 0.00% for EZET.

What is the main difference between BETE and EZET?

They also come from different issuers: ProShares and Franklin Templeton. Their fees differ too: 0.95% for BETE and 0.19% for EZET.

Which has better risk-adjusted returns?

EZET currently has the higher Sharpe Ratio (-0.75 vs -0.89), 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.