BETE vs. GOOG
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while GOOG (Alphabet Inc) is a stock. Over the past year, BETE returned -46.67% vs 88.30% for GOOG. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
BETE vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -34.37% return, which is significantly lower than GOOG's 13.80% return.
BETE
- 1D
- -3.01%
- 1M
- 5.60%
- 6M
- -28.81%
- YTD
- -34.37%
- 1Y
- -46.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.68%
GOOG
- 1D
- 6.88%
- 1M
- 0.13%
- 6M
- 5.49%
- YTD
- 13.80%
- 1Y
- 88.30%
- 3Y*
- 39.73%
- 5Y*
- 21.62%
- 10Y*
- 25.03%
- ALL TIME*
- 22.84%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $107.88K | $90.06K | $96.80K | |
GOOG Alphabet Inc | $7.78B | $6.87B | $7.98B |
BETE vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -34.37% | -8.17% | 66.02% | 36.61% |
GOOG Alphabet Inc | 13.80% | 65.42% | 35.62% | 6.89% |
Correlation
The correlation between BETE and GOOG is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.29 |
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Return for Risk
BETE vs. GOOG — Risk / Return Rank
BETE
GOOG
BETE vs. GOOG - Risk-Adjusted Trends 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.
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 | GOOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.61 | ||
| Sortino ratioReturn per unit of downside risk | -5.05 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.46 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 4.14 | -4.94 |
| Martin ratioReturn relative to average drawdown | -1.21 | 11.53 | -12.75 |
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Drawdowns
BETE vs. GOOG - Drawdown Comparison
The maximum BETE drawdown since its inception was -61.75%, 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.
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Drawdown Indicators
| BETE | GOOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -44.60% | -17.15% |
Max Drawdown (1Y)Largest decline over 1 year | -61.75% | -20.75% | -41.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -29.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -44.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.60% | — |
Current DrawdownCurrent decline from peak | -56.97% | -10.57% | -46.40% |
Average DrawdownAverage peak-to-trough decline | -23.44% | -8.93% | -14.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.62% | 7.44% | +33.18% |
Volatility
BETE vs. GOOG - Volatility Comparison
The current volatility for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is 11.10%, while Alphabet Inc (GOOG) has a volatility of 13.08%. This indicates that BETE experiences smaller price fluctuations and is considered to be less risky than GOOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETE | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.10% | 13.08% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 39.57% | 24.59% | +14.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.28% | 31.77% | +23.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.01% | 31.80% | +24.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.01% | 29.34% | +26.67% |
Dividends
BETE vs. GOOG - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 79.50%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 64.54% | 68.22% | 15.22% | 0.78% |
GOOG Alphabet Inc | 0.24% | 0.26% | 0.32% | 0.00% |
Frequently Asked Questions
BETE and GOOG have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOOG has higher volatility (13.08%) compared to BETE (11.10%). In terms of maximum drawdown, BETE dropped -61.75% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (2.71 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.
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