BETE vs. SSO
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and ProShares Ultra S&P500 (SSO).
BETE and SSO 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. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006.
Performance
BETE vs. SSO - Performance Comparison
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BETE vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | -27.06% | -8.17% | 66.02% | 40.23% |
SSO ProShares Ultra S&P500 | -10.23% | 26.19% | 43.48% | 22.19% |
Returns By Period
In the year-to-date period, BETE achieves a -27.06% return, which is significantly lower than SSO's -10.23% return.
BETE
- 1D
- 2.75%
- 1M
- 5.59%
- YTD
- -27.06%
- 6M
- -46.69%
- 1Y
- -2.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SSO
- 1D
- 5.75%
- 1M
- -10.37%
- YTD
- -10.23%
- 6M
- -7.08%
- 1Y
- 26.35%
- 3Y*
- 28.27%
- 5Y*
- 15.34%
- 10Y*
- 21.06%
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BETE vs. SSO - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than SSO's 0.87% expense ratio.
Return for Risk
BETE vs. SSO — Risk / Return Rank
BETE
SSO
BETE vs. SSO - 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 Ultra S&P500 (SSO). 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 | SSO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.05 | 0.73 | -0.78 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.23 | -0.88 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.19 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | -0.08 | 1.20 | -1.28 |
Martin ratioReturn relative to average drawdown | -0.17 | 5.18 | -5.35 |
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 | SSO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.05 | 0.73 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.46 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.38 | -0.03 |
Correlation
The correlation between BETE and SSO is 0.42, 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. SSO - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 81.49%, more than SSO's 0.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 81.49% | 68.22% | 15.22% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P500 | 0.82% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Drawdowns
BETE vs. SSO - Drawdown Comparison
The maximum BETE drawdown since its inception was -56.31%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for BETE and SSO.
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Drawdown Indicators
| BETE | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.31% | -84.67% | +28.36% |
Max Drawdown (1Y)Largest decline over 1 year | -56.31% | -23.17% | -33.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.34% | — |
Current DrawdownCurrent decline from peak | -52.17% | -13.46% | -38.71% |
Average DrawdownAverage peak-to-trough decline | -19.47% | -19.72% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.80% | 5.38% | +21.42% |
Volatility
BETE vs. SSO - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 16.18% compared to ProShares Ultra S&P500 (SSO) at 10.60%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETE | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.18% | 10.60% | +5.58% |
Volatility (6M)Calculated over the trailing 6-month period | 44.87% | 18.95% | +25.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.79% | 36.45% | +22.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.63% | 33.66% | +23.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.63% | 35.86% | +21.77% |