BETH vs. ^GSPC

In the year-to-date period, BETH achieves a 84.62% return, which is significantly higher than ^GSPC's 26.24% return.

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The correlation between BETH and ^GSPC is 0.29, 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.

This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and S&P 500 (^GSPC). 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.

The current BETH Sharpe Ratio is 1.92, which is comparable to the ^GSPC Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BETH and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum BETH drawdown since its inception was -33.89%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BETH and ^GSPC. For additional features, visit the drawdowns tool.

ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) has a higher volatility of 19.20% compared to S&P 500 (^GSPC) at 3.99%. This indicates that BETH's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.