BETH vs. BTOP
Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP).
BETH and BTOP 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. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETH or BTOP.
Performance
BETH vs. BTOP - Performance Comparison
Returns By Period
In the year-to-date period, BETH achieves a 84.62% return, which is significantly higher than BTOP's 63.58% return.
BETH
84.62%
35.32%
17.12%
108.66%
N/A
N/A
BTOP
63.58%
34.32%
4.98%
86.49%
N/A
N/A
Key characteristics
| BETH | BTOP | |
|---|---|---|
| Sharpe Ratio | 1.92 | 1.50 |
| Sortino Ratio | 2.51 | 2.12 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 3.21 | 2.25 |
| Martin Ratio | 6.92 | 4.58 |
| Ulcer Index | 15.69% | 18.87% |
| Daily Std Dev | 56.69% | 57.85% |
| Max Drawdown | -33.89% | -38.51% |
| Current Drawdown | -6.81% | -4.59% |
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BETH vs. BTOP - Expense Ratio Comparison
BETH has a 0.95% expense ratio, which is higher than BTOP's 0.90% expense ratio.
Correlation
The correlation between BETH and BTOP is 0.98, 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. BTOP - 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 Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP). 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. BTOP - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 19.04%, more than BTOP's 3.56% yield.
| TTM | 2023 | |
|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 19.04% | 0.36% |
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 3.56% | 5.82% |
Drawdowns
BETH vs. BTOP - Drawdown Comparison
The maximum BETH drawdown since its inception was -33.89%, smaller than the maximum BTOP drawdown of -38.51%. Use the drawdown chart below to compare losses from any high point for BETH and BTOP. For additional features, visit the drawdowns tool.
Volatility
BETH vs. BTOP - Volatility Comparison
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) have volatilities of 19.20% and 19.70%, 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.