BETE vs. HODL
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and VanEck Bitcoin Trust (HODL).
BETE and HODL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BETE is managed by ProShares. It was launched on Oct 2, 2023. HODL is a passively managed fund by VanEck that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 4, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETE or HODL.
Correlation
The correlation between BETE and HODL is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BETE vs. HODL - Performance Comparison
Key characteristics
BETE:
-0.37
HODL:
0.45
BETE:
-0.18
HODL:
1.02
BETE:
0.98
HODL:
1.12
BETE:
-0.51
HODL:
0.89
BETE:
-1.03
HODL:
1.96
BETE:
20.94%
HODL:
12.47%
BETE:
58.36%
HODL:
53.95%
BETE:
-42.49%
HODL:
-27.51%
BETE:
-38.87%
HODL:
-18.60%
Returns By Period
In the year-to-date period, BETE achieves a -27.60% return, which is significantly lower than HODL's -7.03% return.
BETE
-27.60%
-4.67%
4.81%
-16.87%
N/A
N/A
HODL
-7.03%
0.94%
44.30%
31.72%
N/A
N/A
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BETE vs. HODL - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than HODL's 0.25% expense ratio.
Risk-Adjusted Performance
BETE vs. HODL — Risk-Adjusted Performance Rank
BETE
HODL
BETE vs. HODL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and VanEck Bitcoin Trust (HODL). 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. HODL - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 22.23%, while HODL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 22.23% | 15.22% | 0.78% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
BETE vs. HODL - Drawdown Comparison
The maximum BETE drawdown since its inception was -42.49%, which is greater than HODL's maximum drawdown of -27.51%. Use the drawdown chart below to compare losses from any high point for BETE and HODL. For additional features, visit the drawdowns tool.
Volatility
BETE vs. HODL - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 18.76% compared to VanEck Bitcoin Trust (HODL) at 16.50%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.