BETE vs. NOBL
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL).
BETE and NOBL 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. NOBL is a passively managed fund by ProShares that tracks the performance of the S&P 500 Dividend Aristocrats Index. It was launched on Oct 9, 2013.
Performance
BETE vs. NOBL - Performance Comparison
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BETE vs. NOBL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -26.05% | -8.17% | 66.02% | 40.23% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.32% | 6.84% | 6.72% | 9.40% |
Returns By Period
In the year-to-date period, BETE achieves a -26.05% return, which is significantly lower than NOBL's 2.32% return.
BETE
- 1D
- 1.38%
- 1M
- 1.51%
- YTD
- -26.05%
- 6M
- -47.68%
- 1Y
- -5.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
NOBL
- 1D
- -0.04%
- 1M
- -6.79%
- YTD
- 2.32%
- 6M
- 4.06%
- 1Y
- 6.18%
- 3Y*
- 7.40%
- 5Y*
- 6.30%
- 10Y*
- 9.54%
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BETE vs. NOBL - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than NOBL's 0.35% expense ratio.
Return for Risk
BETE vs. NOBL — Risk / Return Rank
BETE
NOBL
BETE vs. NOBL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and ProShares S&P 500 Dividend Aristocrats ETF (NOBL). 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 | NOBL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.09 | 0.41 | -0.49 |
Sortino ratioReturn per unit of downside risk | 0.30 | 0.70 | -0.40 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.09 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.54 | -0.56 |
Martin ratioReturn relative to average drawdown | -0.06 | 1.89 | -1.95 |
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 | NOBL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.09 | 0.41 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.44 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.58 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.64 | -0.29 |
Correlation
The correlation between BETE and NOBL is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BETE vs. NOBL - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 80.31%, more than NOBL's 2.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 80.31% | 68.22% | 15.22% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NOBL ProShares S&P 500 Dividend Aristocrats ETF | 2.14% | 2.14% | 2.05% | 2.09% | 1.94% | 1.89% | 2.14% | 1.89% | 2.37% | 1.74% | 2.13% | 2.02% |
Drawdowns
BETE vs. NOBL - Drawdown Comparison
The maximum BETE drawdown since its inception was -56.31%, which is greater than NOBL's maximum drawdown of -35.43%. Use the drawdown chart below to compare losses from any high point for BETE and NOBL.
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Drawdown Indicators
| BETE | NOBL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -35.43% | -20.88% |
Max Drawdown (1Y)Largest decline over 1 year | -56.31% | -11.20% | -45.11% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.43% | — |
Current DrawdownCurrent decline from peak | -51.51% | -7.07% | -44.44% |
Average DrawdownAverage peak-to-trough decline | -19.52% | -3.45% | -16.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.99% | 3.18% | +23.81% |
Volatility
BETE vs. NOBL - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 16.07% compared to ProShares S&P 500 Dividend Aristocrats ETF (NOBL) at 3.55%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than NOBL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETE | NOBL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.07% | 3.55% | +12.52% |
Volatility (6M)Calculated over the trailing 6-month period | 44.91% | 8.06% | +36.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.78% | 15.24% | +43.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.59% | 14.39% | +43.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.59% | 16.59% | +41.00% |