BETE vs. VOO
Compare and contrast key facts about Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Vanguard S&P 500 ETF (VOO).
BETE and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETE or VOO.
Performance
BETE vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, BETE achieves a 66.72% return, which is significantly higher than VOO's 27.70% return.
BETE
66.72%
35.19%
5.20%
89.16%
N/A
N/A
VOO
27.70%
3.77%
14.14%
34.11%
15.63%
13.32%
Key characteristics
BETE | VOO | |
---|---|---|
Sharpe Ratio | 1.53 | 2.80 |
Sortino Ratio | 2.15 | 3.71 |
Omega Ratio | 1.26 | 1.52 |
Calmar Ratio | 2.35 | 4.04 |
Martin Ratio | 4.89 | 18.30 |
Ulcer Index | 18.23% | 1.86% |
Daily Std Dev | 58.25% | 12.17% |
Max Drawdown | -37.88% | -33.99% |
Current Drawdown | -4.49% | 0.00% |
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BETE vs. VOO - Expense Ratio Comparison
BETE has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between BETE and VOO is 0.31, 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.
Risk-Adjusted Performance
BETE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) and Vanguard S&P 500 ETF (VOO). 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.
Dividends
BETE vs. VOO - Dividend Comparison
BETE's dividend yield for the trailing twelve months is around 15.31%, more than VOO's 1.23% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Proshares Bitcoin & Ether Equal Weight Strategy ETF | 15.31% | 0.78% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
BETE vs. VOO - Drawdown Comparison
The maximum BETE drawdown since its inception was -37.88%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for BETE and VOO. For additional features, visit the drawdowns tool.
Volatility
BETE vs. VOO - Volatility Comparison
Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a higher volatility of 19.90% compared to Vanguard S&P 500 ETF (VOO) at 4.01%. This indicates that BETE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.