BETH vs. BKCH
BETH (ProShares Bitcoin & Ether Market Cap Weight ETF) and BKCH (Global X Blockchain ETF) are both exchange-traded funds - BETH is a Cryptocurrency fund actively managed by ProShares, while BKCH is a Blockchain fund tracking the Solactive Blockchain Index. BETH is actively managed, while BKCH is passively managed. Over the past year, BETH returned -46.96% vs 24.30% for BKCH. Their 0.68 correlation means they have sometimes moved together and sometimes differently. BETH charges 0.95%/yr vs 0.50%/yr for BKCH.
Performance
BETH vs. BKCH - Performance Comparison
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Returns By Period
In the year-to-date period, BETH achieves a -31.24% return, which is significantly lower than BKCH's 2.32% return.
BETH
- 1D
- -2.97%
- 1M
- 2.90%
- 6M
- -27.29%
- YTD
- -31.24%
- 1Y
- -46.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.40%
BKCH
- 1D
- -4.05%
- 1M
- -4.79%
- 6M
- -9.27%
- YTD
- 2.32%
- 1Y
- 24.30%
- 3Y*
- 25.18%
- 5Y*
- -4.86%
- 10Y*
- —
- ALL TIME*
- -4.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.58K | $35.12K | $73.06K | |
| $2.74M | $3.50M | $7.93M |
BETH vs. BKCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight ETF | -31.24% | -11.20% | 85.03% | 39.34% |
BKCH Global X Blockchain ETF | 2.32% | 27.14% | 18.81% | 101.61% |
Correlation
The correlation between BETH and BKCH is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.68 |
The correlation between BETH and BKCH has been stable across timeframes, ranging from 0.66 to 0.68 - a consistent structural relationship.
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Return for Risk
BETH vs. BKCH — Risk / Return Rank
BETH
BKCH
BETH vs. BKCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) and Global X Blockchain ETF (BKCH). 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 | BKCH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.09 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | 0.23 | -1.09 |
| Martin ratioReturn relative to average drawdown | -1.31 | 0.38 | -1.69 |
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Drawdowns
BETH vs. BKCH - Drawdown Comparison
The maximum BETH drawdown since its inception was -57.12%, smaller than the maximum BKCH drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for BETH and BKCH.
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Drawdown Indicators
| BETH | BKCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.12% | -91.80% | +34.68% |
Max Drawdown (1Y)Largest decline over 1 year | -57.12% | -56.28% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -57.99% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -91.80% | — |
Current DrawdownCurrent decline from peak | -53.54% | -50.95% | -2.59% |
Average DrawdownAverage peak-to-trough decline | -19.65% | -61.54% | +41.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.38% | 33.68% | +3.70% |
Volatility
BETH vs. BKCH - Volatility Comparison
The current volatility for ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) is 9.61%, while Global X Blockchain ETF (BKCH) has a volatility of 26.46%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than BKCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETH | BKCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.61% | 26.46% | -16.85% |
Volatility (6M)Calculated over the trailing 6-month period | 35.71% | 53.86% | -18.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.67% | 73.67% | -26.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.63% | 75.43% | -24.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.63% | 75.62% | -24.99% |
BETH vs. BKCH - Expense Ratio Comparison
BETH has a 0.95% expense ratio, which is higher than BKCH's 0.50% expense ratio.
Dividends
BETH vs. BKCH - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 53.99%, more than BKCH's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight ETF | 41.98% | 57.68% | 19.71% | 0.36% | 0.00% | 0.00% |
BKCH Global X Blockchain ETF | 1.86% | 2.00% | 7.61% | 2.33% | 1.29% | 4.28% |
Frequently Asked Questions
BETH and BKCH have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BKCH has higher volatility (26.46%) compared to BETH (9.61%). In terms of maximum drawdown, BETH dropped -57.12% vs BKCH's -91.80%.
On 1-year performance, BKCH leads with 24.30% vs -46.96% for BETH. On fees, BKCH is cheaper at 0.50% per year. On volatility, BETH has been the lower-risk option at 9.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BKCH has performed better with a 24.30% return vs -46.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKCH is cheaper with a 0.50% expense ratio, compared with 0.95% for BETH.
BETH has the higher dividend yield at 41.98%, compared with 1.86% for BKCH.
BETH is categorized as Cryptocurrency, while BKCH is Blockchain. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.95% for BETH and 0.50% for BKCH.
BKCH currently has the higher Sharpe Ratio (0.18 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.
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