BETE vs. GOOG
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Alphabet Inc. (GOOG).
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 GOOG.
Correlation
The correlation between BETE and GOOG is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BETE vs. GOOG - Performance Comparison
Key characteristics
BETE:
-0.24
GOOG:
0.09
BETE:
0.05
GOOG:
0.36
BETE:
1.01
GOOG:
1.04
BETE:
-0.29
GOOG:
0.10
BETE:
-0.62
GOOG:
0.23
BETE:
23.15%
GOOG:
12.57%
BETE:
59.47%
GOOG:
31.58%
BETE:
-49.48%
GOOG:
-44.60%
BETE:
-37.59%
GOOG:
-21.03%
Returns By Period
In the year-to-date period, BETE achieves a -26.08% return, which is significantly lower than GOOG's -13.86% return.
BETE
-26.08%
0.05%
-0.36%
-12.39%
N/A
N/A
GOOG
-13.86%
-1.97%
-1.66%
4.23%
20.87%
19.57%
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Risk-Adjusted Performance
BETE vs. GOOG — Risk-Adjusted Performance Rank
BETE
GOOG
BETE vs. GOOG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Alphabet Inc. (GOOG). 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. GOOG - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 21.77%, more than GOOG's 0.49% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 21.77% | 15.22% | 0.78% |
GOOG Alphabet Inc. | 0.49% | 0.32% | 0.00% |
Drawdowns
BETE vs. GOOG - Drawdown Comparison
The maximum BETE drawdown since its inception was -49.48%, which is greater than GOOG's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for BETE and GOOG. For additional features, visit the drawdowns tool.
Volatility
BETE vs. GOOG - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 20.90% compared to Alphabet Inc. (GOOG) at 14.75%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.