BETE vs. SQQQ
BETE (Proshares Bitcoin & Ether Equal Weight Strategy ETF) and SQQQ (ProShares UltraPro Short QQQ) are both exchange-traded funds - BETE is a Cryptocurrency fund managed by ProShares, while SQQQ is a Leveraged Equities fund tracking the NASDAQ-100 Index (-300%). Over the past year, BETE returned -36.77% vs -64.38% for SQQQ. At a correlation of -0.43, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
BETE vs. SQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, BETE achieves a -35.53% return, which is significantly higher than SQQQ's -44.43% return.
BETE
- 1D
- -2.12%
- 1M
- -24.05%
- YTD
- -35.53%
- 6M
- -39.17%
- 1Y
- -36.77%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- 1.53%
- 1M
- -22.29%
- YTD
- -44.43%
- 6M
- -42.11%
- 1Y
- -64.38%
- 3Y*
- -55.94%
- 5Y*
- -49.01%
- 10Y*
- -55.90%
BETE vs. SQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -35.53% | -8.17% | 66.02% | 40.23% |
SQQQ ProShares UltraPro Short QQQ | -44.43% | -53.05% | -49.79% | -31.16% |
Correlation
The correlation between BETE and SQQQ is -0.53, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.53 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | -0.43 |
The correlation between BETE and SQQQ has been stable across timeframes, ranging from -0.53 to -0.43 - a consistent structural relationship.
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Return for Risk
BETE vs. SQQQ — Risk / Return Rank
BETE
SQQQ
BETE vs. SQQQ - 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 UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +1.79 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.73 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.98 | +0.34 |
| Martin ratioReturn relative to average drawdown | -1.09 | -1.79 | +0.70 |
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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | -1.35 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.88 | +1.10 |
Drawdowns
BETE vs. SQQQ - Drawdown Comparison
The maximum BETE drawdown since its inception was -57.72%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BETE and SQQQ.
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Drawdown Indicators
| BETE | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.72% | -100.00% | +42.28% |
Max Drawdown (1Y)Largest decline over 1 year | -57.72% | -65.95% | +8.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -92.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -97.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.98% | — |
Current DrawdownCurrent decline from peak | -57.72% | -100.00% | +42.28% |
Average DrawdownAverage peak-to-trough decline | -21.41% | -92.40% | +70.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.66% | 35.96% | -2.30% |
Volatility
BETE vs. SQQQ - Volatility Comparison
The current volatility for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) is 9.23%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 13.81%. This indicates that BETE experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETE | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 13.81% | -4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 39.37% | 36.46% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.92% | 47.79% | +7.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.45% | 66.61% | -10.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.45% | 66.10% | -9.65% |
BETE vs. SQQQ - Expense Ratio Comparison
Both BETE and SQQQ have an expense ratio of 0.95%.
Dividends
BETE vs. SQQQ - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 85.72%, more than SQQQ's 12.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 85.72% | 68.22% | 15.22% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SQQQ ProShares UltraPro Short QQQ | 12.29% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Frequently Asked Questions
BETE and SQQQ have a correlation of -0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SQQQ has higher volatility (13.81%) compared to BETE (9.23%). In terms of maximum drawdown, BETE dropped -57.72% vs SQQQ's -100.00%.
On 1-year performance, BETE leads with -36.77% vs -64.38% for SQQQ. Both ETFs have the same 0.95% expense ratio. On volatility, BETE has been the lower-risk option at 9.23%. 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 -64.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETE and SQQQ have the same expense ratio: 0.95% per year.
BETE has the higher dividend yield at 85.72%, compared with 12.29% for SQQQ.
BETE is categorized as Cryptocurrency, while SQQQ is Leveraged Equities.
BETE currently has the higher Sharpe Ratio (-0.67 vs -1.35), 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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