BETE vs. FXAIX
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Fidelity 500 Index Fund (FXAIX).
BETE is managed by ProShares. It was launched on Oct 2, 2023. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETE or FXAIX.
Correlation
The correlation between BETE and FXAIX is 0.33, 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. FXAIX - Performance Comparison
Key characteristics
BETE:
0.77
FXAIX:
1.80
BETE:
1.41
FXAIX:
2.43
BETE:
1.17
FXAIX:
1.33
BETE:
1.21
FXAIX:
2.74
BETE:
2.43
FXAIX:
11.34
BETE:
18.86%
FXAIX:
2.04%
BETE:
59.79%
FXAIX:
12.89%
BETE:
-37.88%
FXAIX:
-33.79%
BETE:
-23.09%
FXAIX:
-0.81%
Returns By Period
In the year-to-date period, BETE achieves a -8.91% return, which is significantly lower than FXAIX's 3.25% return.
BETE
-8.91%
-8.38%
25.17%
38.80%
N/A
N/A
FXAIX
3.25%
4.18%
14.26%
22.33%
14.24%
13.26%
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BETE vs. FXAIX - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
BETE vs. FXAIX — Risk-Adjusted Performance Rank
BETE
FXAIX
BETE vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Fidelity 500 Index Fund (FXAIX). 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.
Dividends
BETE vs. FXAIX - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 20.34%, more than FXAIX's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 20.34% | 15.22% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXAIX Fidelity 500 Index Fund | 1.21% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% |
Drawdowns
BETE vs. FXAIX - Drawdown Comparison
The maximum BETE drawdown since its inception was -37.88%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BETE and FXAIX. For additional features, visit the drawdowns tool.
Volatility
BETE vs. FXAIX - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 15.75% compared to Fidelity 500 Index Fund (FXAIX) at 3.89%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.