BETH vs. ^GSPC
BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) is Cryptocurrency fund actively managed by ProShares, while ^GSPC (S&P 500 Index) is an index. Over the past year, BETH returned -48.65% vs 20.06% for ^GSPC. At a 0.40 correlation, their price movements are largely independent.
Performance
BETH vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BETH achieves a -32.25% return, which is significantly lower than ^GSPC's 9.79% return.
BETH
- 1D
- -2.63%
- 1M
- -1.29%
- 6M
- -35.06%
- YTD
- -32.25%
- 1Y
- -48.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
^GSPC
- 1D
- -0.79%
- 1M
- 1.13%
- 6M
- 7.71%
- YTD
- 9.79%
- 1Y
- 20.06%
- 3Y*
- 18.60%
- 5Y*
- 11.43%
- 10Y*
- 13.27%
BETH vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | -32.25% | -11.20% | 85.03% | 39.34% |
^GSPC S&P 500 Index | 9.79% | 16.39% | 23.31% | 11.24% |
Correlation
The correlation between BETH and ^GSPC is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.40 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BETH vs. ^GSPC — Risk / Return Rank
BETH
^GSPC
BETH vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and S&P 500 Index (^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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BETH | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.79 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.29 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 2.21 | -3.07 |
| Martin ratioReturn relative to average drawdown | -1.38 | 9.61 | -10.99 |
Loading charts...
Drawdowns
BETH vs. ^GSPC - Drawdown Comparison
The maximum BETH drawdown since its inception was -57.12%, roughly equal to the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BETH and ^GSPC.
Loading charts...
Drawdown Indicators
| BETH | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.12% | -56.78% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -57.12% | -9.10% | -48.02% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -54.21% | -1.24% | -52.97% |
Average DrawdownAverage peak-to-trough decline | -18.99% | -10.71% | -8.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.30% | 2.09% | +33.21% |
Volatility
BETH vs. ^GSPC - Volatility Comparison
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) has a higher volatility of 11.98% compared to S&P 500 Index (^GSPC) at 3.96%. 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.
Loading charts...
Volatility by Period
| BETH | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.98% | 3.96% | +8.02% |
Volatility (6M)Calculated over the trailing 6-month period | 36.80% | 9.99% | +26.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.57% | 12.57% | +35.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.96% | 17.01% | +33.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.96% | 18.05% | +32.91% |
Frequently Asked Questions
BETH and ^GSPC have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETH has higher volatility (11.98%) compared to ^GSPC (3.96%). In terms of maximum drawdown, BETH dropped -57.12% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (1.61 vs -1.03), 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.
Find the right allocation for BETH and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer