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BETH vs. BETE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

BETH vs. BETE

Last updated May 11, 2025

Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE).

BETH and BETE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023. BETE is managed by ProShares. It was launched on Oct 2, 2023.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETH or BETE.

Correlation

The correlation between BETH and BETE is 0.35, 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.

Performance

BETH vs. BETE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BETH:

0.64

BETE:

0.13

Sortino Ratio

BETH:

1.22

BETE:

0.60

Omega Ratio

BETH:

1.15

BETE:

1.07

Calmar Ratio

BETH:

0.95

BETE:

0.14

Martin Ratio

BETH:

1.93

BETE:

0.29

Ulcer Index

BETH:

17.67%

BETE:

24.20%

Daily Std Dev

BETH:

55.12%

BETE:

60.25%

Max Drawdown

BETH:

-35.92%

BETE:

-49.48%

Current Drawdown

BETH:

-12.48%

BETE:

-26.22%

Returns By Period

In the year-to-date period, BETH achieves a 1.53% return, which is significantly higher than BETE's -12.62% return.

BETH

YTD

1.53%

1M

31.58%

6M

19.47%

1Y

39.66%

5Y*

N/A

10Y*

N/A

BETE

YTD

-12.62%

1M

40.65%

6M

0.77%

1Y

11.85%

5Y*

N/A

10Y*

N/A

*Annualized

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BETH vs. BETE - Expense Ratio Comparison

Both BETH and BETE have an expense ratio of 0.95%.

BETH
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF
BETE
Proshares Bitcoin & Ether Equal Weight Strategy ETF

Risk-Adjusted Performance

BETH vs. BETE — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BETH
The Risk-Adjusted Performance Rank of BETH is 7171
Overall Rank
The Sharpe Ratio Rank of BETH is 6868
Sharpe Ratio Rank
The Sortino Ratio Rank of BETH is 7676
Sortino Ratio Rank
The Omega Ratio Rank of BETH is 6969
Omega Ratio Rank
The Calmar Ratio Rank of BETH is 8282
Calmar Ratio Rank
The Martin Ratio Rank of BETH is 6060
Martin Ratio Rank
BETE
The Risk-Adjusted Performance Rank of BETE is 3333
Overall Rank
The Sharpe Ratio Rank of BETE is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of BETE is 4444
Sortino Ratio Rank
The Omega Ratio Rank of BETE is 4040
Omega Ratio Rank
The Calmar Ratio Rank of BETE is 3030
Calmar Ratio Rank
The Martin Ratio Rank of BETE is 2424
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BETH vs. BETE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE). 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 0.64, which is higher than the BETE Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of BETH and BETE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

BETH vs. BETE - Dividend Comparison

BETH's dividend yield for the trailing twelve months is around 18.84%, more than BETE's 14.30% yield.

TTM20242023
BETH
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF		18.84%19.71%0.36%
BETE
Proshares Bitcoin & Ether Equal Weight Strategy ETF		14.30%15.22%0.78%

Drawdowns

BETH vs. BETE - Drawdown Comparison

The maximum BETH drawdown since its inception was -35.92%, smaller than the maximum BETE drawdown of -49.48%. Use the drawdown chart below to compare losses from any high point for BETH and BETE. For additional features, visit the drawdowns tool.

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Volatility

BETH vs. BETE - Volatility Comparison

The current volatility for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is 11.18%, while Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) has a volatility of 15.57%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than BETE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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