BETE vs. HOOW

Last updated Apr 1, 2026

Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Roundhill HOOD WeeklyPay ETF (HOOW).

BETE and HOOW 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. HOOW is an actively managed fund by Roundhill. It was launched on Jun 18, 2025.

Performance

BETE vs. HOOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Roundhill HOOD WeeklyPay ETF (HOOW). The values are adjusted to include any dividend payments, if applicable.

BETE vs. HOOW - Yearly Performance Comparison

	2026 (YTD)	2025
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	-27.06%	1.33%
HOOW Roundhill HOOD WeeklyPay ETF	-45.24%	46.56%

Returns By Period

In the year-to-date period, BETE achieves a -27.06% return, which is significantly higher than HOOW's -45.24% return.

BETE

• 1D: 2.75%
• 1M: 5.59%
• YTD: -27.06%
• 6M: -46.69%
• 1Y: -2.84%
• 3Y*: —
• 5Y*: —
• 10Y*: —

HOOW

• 1D: 8.54%
• 1M: -10.44%
• YTD: -45.24%
• 6M: -59.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BETE vs. HOOW - Expense Ratio Comparison

BETE has a 0.95% expense ratio, which is lower than HOOW's 0.99% expense ratio.

HOOW

Roundhill HOOD WeeklyPay ETF

BETE

Proshares Bitcoin & Ether Equal Weight Strategy ETF

Return for Risk

BETE vs. HOOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETE

BETE Risk / Return Rank: 13
BETE Sharpe Ratio Rank: 11
BETE Sortino Ratio Rank: 16
BETE Omega Ratio Rank: 15
BETE Calmar Ratio Rank: 11
BETE Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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 ratio Return per unit of total volatility	-0.05	—	—
Sortino ratio Return per unit of downside risk	0.35	—	—
Omega ratio Gain probability vs. loss probability	1.04	—	—
Calmar ratio Return relative to maximum drawdown	-0.08	—	—
Martin ratio Return relative to average drawdown	-0.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BETE	HOOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	-0.30	+0.64

Correlation

The correlation between BETE and HOOW is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BETE vs. HOOW - Dividend Comparison

BETE's dividend yield for the trailing twelve months is around 81.49%, less than HOOW's 166.30% yield.

	TTM	2025	2024	2023
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF	81.49%	68.22%	15.22%	0.78%
HOOW Roundhill HOOD WeeklyPay ETF	166.30%	67.92%	0.00%	0.00%

Drawdowns

BETE vs. HOOW - Drawdown Comparison

The maximum BETE drawdown since its inception was -56.31%, 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.

Drawdown Indicators

	BETE	HOOW	Difference
Max Drawdown Largest peak-to-trough decline	-56.31%	-65.74%	+9.43%
Max Drawdown (1Y) Largest decline over 1 year	-56.31%	—	—
Current Drawdown Current decline from peak	-52.17%	-62.81%	+10.64%
Average Drawdown Average peak-to-trough decline	-19.47%	-22.86%	+3.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.80%	—	—

Volatility

Volatility by Period

	BETE	HOOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.18%	—	—
Volatility (6M) Calculated over the trailing 6-month period	44.87%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.79%	82.50%	-23.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	57.63%	82.50%	-24.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.63%	82.50%	-24.87%