BETE vs. IBIT
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and IBIT (iShares Bitcoin Trust ETF) are both Cryptocurrency funds. Over the past year, BETE returned -36.77% vs -39.60% for IBIT. Their correlation of 0.93 suggests significant overlap in exposure. BETE charges 0.95%/yr vs 0.25%/yr for IBIT.
Performance
BETE vs. IBIT - 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 IBIT's -27.45% return.
BETE
- 1D
- -2.12%
- 1M
- -24.05%
- YTD
- -35.53%
- 6M
- -39.17%
- 1Y
- -36.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.65%
- 1M
- -22.17%
- YTD
- -27.45%
- 6M
- -31.40%
- 1Y
- -39.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BETE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -35.53% | -8.17% | 49.89% |
IBIT iShares Bitcoin Trust ETF | -27.45% | -6.41% | 99.21% |
Correlation
The correlation between BETE and IBIT is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.93 |
The correlation between BETE and IBIT has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.
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Return for Risk
BETE vs. IBIT — Risk / Return Rank
BETE
IBIT
BETE vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and iShares Bitcoin Trust ETF (IBIT). 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 | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.86 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.80 | +0.16 |
| Martin ratioReturn relative to average drawdown | -1.09 | -1.39 | +0.29 |
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 | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | -0.91 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.27 | -0.04 |
Drawdowns
BETE vs. IBIT - Drawdown Comparison
The maximum BETE drawdown since its inception was -57.72%, which is greater than IBIT's maximum drawdown of -49.47%. Use the drawdown chart below to compare losses from any high point for BETE and IBIT.
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Drawdown Indicators
| BETE | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.72% | -49.47% | -8.25% |
Max Drawdown (1Y)Largest decline over 1 year | -57.72% | -49.47% | -8.25% |
Current DrawdownCurrent decline from peak | -57.72% | -49.47% | -8.25% |
Average DrawdownAverage peak-to-trough decline | -21.41% | -16.07% | -5.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.66% | 28.61% | +5.05% |
Volatility
BETE vs. IBIT - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 9.23% and 9.14%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETE | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 9.14% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 39.37% | 33.89% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.92% | 43.76% | +11.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.45% | 50.18% | +6.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 50.18% | +6.27% |
BETE vs. IBIT - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
BETE vs. IBIT - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 85.72%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 85.72% | 68.22% | 15.22% | 0.78% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, BETE and IBIT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BETE has higher volatility (9.23%) compared to IBIT (9.14%). In terms of maximum drawdown, BETE dropped -57.72% vs IBIT's -49.47%.
On 1-year performance, BETE leads with -36.77% vs -39.60% for IBIT. On fees, IBIT is cheaper at 0.25% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BETE has performed better with a -36.77% return vs -39.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.95% for BETE.
BETE has the higher dividend yield at 85.72%, compared with 0.00% for IBIT.
They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for BETE and 0.25% for IBIT.
BETE currently has the higher Sharpe Ratio (-0.67 vs -0.91), 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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