BETE vs. GOOG
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) is Cryptocurrency fund managed by ProShares, while GOOG (Alphabet Inc) is a stock. Over the past year, BETE returned -44.90% vs 93.96% for GOOG. At a 0.29 correlation, their price movements are largely independent.
Performance
BETE vs. GOOG - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -36.27% return, which is significantly lower than GOOG's 11.90% return.
BETE
- 1D
- -2.05%
- 1M
- 1.87%
- 6M
- -38.78%
- YTD
- -36.27%
- 1Y
- -44.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GOOG
- 1D
- -1.23%
- 1M
- -2.09%
- 6M
- 5.53%
- YTD
- 11.90%
- 1Y
- 93.96%
- 3Y*
- 41.19%
- 5Y*
- 21.78%
- 10Y*
- 25.68%
BETE vs. GOOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -36.27% | -8.17% | 66.02% | 36.61% |
GOOG Alphabet Inc | 11.90% | 65.42% | 35.62% | 6.89% |
Correlation
The correlation between BETE and GOOG is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.30 |
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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 | -4.02 | ||
| Sortino ratioReturn per unit of downside risk | -5.58 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.54 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 4.55 | -5.28 |
| Martin ratioReturn relative to average drawdown | -1.17 | 14.32 | -15.49 |
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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 | -58.21% | -12.07% | -46.14% |
Average DrawdownAverage peak-to-trough decline | -22.79% | -8.91% | -13.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.42% | 6.59% | +31.83% |
Volatility
BETE vs. GOOG - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 13.72% compared to Alphabet Inc (GOOG) at 9.48%. 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.
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Volatility by Period
| BETE | GOOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.72% | 9.48% | +4.24% |
Volatility (6M)Calculated over the trailing 6-month period | 40.68% | 21.67% | +19.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.52% | 29.50% | +26.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.34% | 31.42% | +24.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.34% | 29.12% | +27.22% |
Dividends
BETE vs. GOOG - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 81.87%, more than GOOG's 0.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 81.87% | 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.
BETE has higher volatility (13.72%) compared to GOOG (9.48%). In terms of maximum drawdown, BETE dropped -61.75% vs GOOG's -44.60%.
GOOG currently has the higher Sharpe Ratio (3.21 vs -0.81), 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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