BETH vs. BTF
Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and Valkyrie Bitcoin and Ether Strategy ETF (BTF).
BETH and BTF 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. BTF is an actively managed fund by Valkyrie. It was launched on Oct 21, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETH or BTF.
Performance
BETH vs. BTF - Performance Comparison
Returns By Period
In the year-to-date period, BETH achieves a 84.62% return, which is significantly higher than BTF's 67.04% return.
BETH
84.62%
35.32%
17.12%
108.66%
N/A
N/A
BTF
67.04%
34.27%
4.12%
89.58%
N/A
N/A
Key characteristics
| BETH | BTF | |
|---|---|---|
| Sharpe Ratio | 1.92 | 1.53 |
| Sortino Ratio | 2.51 | 2.16 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 3.21 | 1.89 |
| Martin Ratio | 6.92 | 4.80 |
| Ulcer Index | 15.69% | 18.66% |
| Daily Std Dev | 56.69% | 58.49% |
| Max Drawdown | -33.89% | -77.50% |
| Current Drawdown | -6.81% | -4.82% |
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BETH vs. BTF - Expense Ratio Comparison
BETH has a 0.95% expense ratio, which is lower than BTF's 1.24% expense ratio.
Correlation
The correlation between BETH and BTF is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BETH vs. BTF - 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 Valkyrie Bitcoin and Ether Strategy ETF (BTF). 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.
Dividends
BETH vs. BTF - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 19.04%, more than BTF's 10.38% yield.
| TTM | 2023 | |
|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 19.04% | 0.36% |
BTF Valkyrie Bitcoin and Ether Strategy ETF | 10.38% | 15.98% |
Drawdowns
BETH vs. BTF - Drawdown Comparison
The maximum BETH drawdown since its inception was -33.89%, smaller than the maximum BTF drawdown of -77.50%. Use the drawdown chart below to compare losses from any high point for BETH and BTF. For additional features, visit the drawdowns tool.
Volatility
BETH vs. BTF - Volatility Comparison
The current volatility for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is 19.20%, while Valkyrie Bitcoin and Ether Strategy ETF (BTF) has a volatility of 20.38%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than BTF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.