BETE vs. GOOG

In the year-to-date period, BETE achieves a 66.72% return, which is significantly higher than GOOG's 21.36% return.

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The correlation between BETE and GOOG is 0.17, 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 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.

The current BETE Sharpe Ratio is 1.53, which is higher than the GOOG Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of BETE and GOOG, 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 GOOG's 0.23% yield.

The maximum BETE drawdown since its inception was -37.88%, smaller than the maximum GOOG 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.

Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 19.90% compared to Alphabet Inc. (GOOG) at 9.41%. 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.