Correlation
The correlation between BETH and BITO is 0.32, 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.
BETH vs. BITO
Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and ProShares Bitcoin Strategy ETF (BITO).
BETH and BITO 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. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETH or BITO.
Performance
BETH vs. BITO - Performance Comparison
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Key characteristics
BETH:
0.42
BITO:
0.80
BETH:
0.95
BITO:
1.43
BETH:
1.11
BITO:
1.17
BETH:
0.62
BITO:
1.40
BETH:
1.24
BITO:
3.12
BETH:
17.80%
BITO:
13.92%
BETH:
54.22%
BITO:
53.54%
BETH:
-35.92%
BITO:
-77.86%
BETH:
-10.46%
BITO:
-6.06%
Returns By Period
In the year-to-date period, BETH achieves a 3.87% return, which is significantly lower than BITO's 9.30% return.
BETH
3.87%
11.78%
-2.29%
23.73%
N/A
N/A
N/A
BITO
9.30%
7.79%
3.69%
45.74%
41.59%
N/A
N/A
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BETH vs. BITO - Expense Ratio Comparison
Both BETH and BITO have an expense ratio of 0.95%.
Risk-Adjusted Performance
BETH vs. BITO — Risk-Adjusted Performance Rank
BETH
BITO
BETH vs. BITO - 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 Strategy ETF (BITO). 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.
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Dividends
BETH vs. BITO - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 18.41%, less than BITO's 57.63% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 18.41% | 19.71% | 0.36% |
BITO ProShares Bitcoin Strategy ETF | 57.63% | 61.58% | 15.14% |
Drawdowns
BETH vs. BITO - Drawdown Comparison
The maximum BETH drawdown since its inception was -35.92%, smaller than the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BETH and BITO.
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Volatility
BETH vs. BITO - Volatility Comparison
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 10.02% and 9.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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