BETE vs. FXAIX

In the year-to-date period, BETE achieves a 66.72% return, which is significantly higher than FXAIX's 27.82% return.

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BETE has a 0.95% expense ratio, which is higher than FXAIX's 0.02% expense ratio.

The correlation between BETE and FXAIX is 0.31, 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.

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.

The current BETE Sharpe Ratio is 1.53, which is lower than the FXAIX Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of BETE and FXAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

BETE's dividend yield for the trailing twelve months is around 15.31%, more than FXAIX's 1.20% yield.

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.

Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 19.90% compared to Fidelity 500 Index Fund (FXAIX) at 3.98%. 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.