BETE vs. IBLC
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and IBLC (iShares Blockchain and Tech ETF) are both Cryptocurrency funds. Over the past year, BETE returned -46.25% vs 4.27% for IBLC. A 0.68 correlation means they provide meaningful diversification when combined. BETE charges 0.95%/yr vs 0.47%/yr for IBLC.
Performance
BETE vs. IBLC - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -33.38% return, which is significantly lower than IBLC's 4.27% return.
BETE
- 1D
- -1.90%
- 1M
- 1.02%
- 6M
- -38.98%
- YTD
- -33.38%
- 1Y
- -46.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBLC
- 1D
- -5.37%
- 1M
- -19.65%
- 6M
- -8.48%
- YTD
- 4.27%
- 1Y
- 4.27%
- 3Y*
- 24.93%
- 5Y*
- —
- 10Y*
- —
BETE vs. IBLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -33.38% | -8.17% | 66.02% | 36.61% |
IBLC iShares Blockchain and Tech ETF | 4.27% | 27.05% | 18.58% | 83.45% |
Correlation
The correlation between BETE and IBLC is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.68 |
The correlation between BETE and IBLC has been stable across timeframes, ranging from 0.68 to 0.68 - a consistent structural relationship.
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Return for Risk
BETE vs. IBLC — Risk / Return Rank
BETE
IBLC
BETE vs. IBLC - 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 Blockchain and Tech ETF (IBLC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BETE | IBLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.06 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 0.10 | -0.85 |
| Martin ratioReturn relative to average drawdown | -1.19 | 0.18 | -1.37 |
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Drawdowns
BETE vs. IBLC - Drawdown Comparison
The maximum BETE drawdown since its inception was -61.75%, roughly equal to the maximum IBLC drawdown of -62.54%. Use the drawdown chart below to compare losses from any high point for BETE and IBLC.
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Drawdown Indicators
| BETE | IBLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -62.54% | +0.79% |
Max Drawdown (1Y)Largest decline over 1 year | -61.75% | -44.94% | -16.81% |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.68% | — |
Current DrawdownCurrent decline from peak | -56.32% | -31.45% | -24.87% |
Average DrawdownAverage peak-to-trough decline | -22.93% | -25.75% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.91% | 23.76% | +15.15% |
Volatility
BETE vs. IBLC - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 12.76% compared to iShares Blockchain and Tech ETF (IBLC) at 12.09%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than IBLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETE | IBLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.76% | 12.09% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 40.89% | 41.56% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.70% | 55.74% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.32% | 64.31% | -7.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 64.31% | -7.99% |
BETE vs. IBLC - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than IBLC's 0.47% expense ratio.
Dividends
BETE vs. IBLC - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 78.32%, more than IBLC's 6.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 78.32% | 68.22% | 15.22% | 0.78% | 0.00% |
IBLC iShares Blockchain and Tech ETF | 6.00% | 6.31% | 1.60% | 1.79% | 0.84% |
Frequently Asked Questions
BETE and IBLC have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETE has higher volatility (12.76%) compared to IBLC (12.09%). In terms of maximum drawdown, BETE dropped -61.75% vs IBLC's -62.54%.
On 1-year performance, IBLC leads with 4.27% vs -46.25% for BETE. On fees, IBLC is cheaper at 0.47% per year. On volatility, IBLC has been the lower-risk option at 12.09%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBLC has performed better with a 4.27% return vs -46.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBLC is cheaper with a 0.47% expense ratio, compared with 0.95% for BETE.
BETE has the higher dividend yield at 78.32%, compared with 6.00% for IBLC.
They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for BETE and 0.47% for IBLC.
IBLC currently has the higher Sharpe Ratio (0.08 vs -0.84), 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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