BETE vs. HOOW
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and HOOW (Roundhill HOOD WeeklyPay ETF) are both exchange-traded funds - BETE is a Cryptocurrency fund managed by ProShares, while HOOW is a Leveraged Equities fund actively managed by Roundhill. A 0.60 correlation means they provide meaningful diversification when combined. BETE charges 0.95%/yr vs 0.99%/yr for HOOW.
Performance
BETE vs. HOOW - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -35.53% return, which is significantly lower than HOOW's -28.56% return.
BETE
- 1D
- -2.12%
- 1M
- -24.05%
- YTD
- -35.53%
- 6M
- -39.17%
- 1Y
- -36.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HOOW
- 1D
- 8.37%
- 1M
- 16.39%
- YTD
- -28.56%
- 6M
- -43.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BETE vs. HOOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -35.53% | 1.33% |
HOOW Roundhill HOOD WeeklyPay ETF | -28.56% | 46.56% |
Correlation
The correlation between BETE and HOOW is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025 | 0.60 |
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Return for Risk
BETE vs. HOOW — Risk / Return Rank
BETE
HOOW
BETE vs. HOOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Roundhill HOOD WeeklyPay ETF (HOOW). 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.
| BETE | HOOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | — | — |
| Martin ratioReturn relative to average drawdown | -1.09 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BETE | HOOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.06 | +0.17 |
Drawdowns
BETE vs. HOOW - Drawdown Comparison
The maximum BETE drawdown since its inception was -57.72%, smaller than the maximum HOOW drawdown of -65.74%. Use the drawdown chart below to compare losses from any high point for BETE and HOOW.
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Drawdown Indicators
| BETE | HOOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.72% | -65.74% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -57.72% | — | — |
Current DrawdownCurrent decline from peak | -57.72% | -51.48% | -6.24% |
Average DrawdownAverage peak-to-trough decline | -21.41% | -29.22% | +7.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.66% | — | — |
Volatility
BETE vs. HOOW - Volatility Comparison
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Volatility by Period
| BETE | HOOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 39.37% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 54.92% | 84.11% | -29.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.45% | 84.11% | -27.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 84.11% | -27.66% |
BETE vs. HOOW - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is lower than HOOW's 0.99% expense ratio.
Dividends
BETE vs. HOOW - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 85.72%, less than HOOW's 151.24% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 85.72% | 68.22% | 15.22% | 0.78% |
HOOW Roundhill HOOD WeeklyPay ETF | 151.24% | 67.92% | 0.00% | 0.00% |
Frequently Asked Questions
BETE and HOOW have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BETE is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BETE is cheaper with a 0.95% expense ratio, compared with 0.99% for HOOW.
HOOW has the higher dividend yield at 151.24%, compared with 85.72% for BETE.
BETE is categorized as Cryptocurrency, while HOOW is Leveraged Equities. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for BETE and 0.99% for HOOW.
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