BETH vs. DBE
BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - BETH is a Cryptocurrency fund actively managed by ProShares, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. BETH is actively managed, while DBE is passively managed. Over the past year, BETH returned -40.13% vs 84.41% for DBE. At a correlation of -0.03, they often move in opposite directions. BETH charges 0.95%/yr vs 0.78%/yr for DBE.
Performance
BETH vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, BETH achieves a -28.99% return, which is significantly lower than DBE's 83.68% return.
BETH
- 1D
- -3.09%
- 1M
- -19.49%
- YTD
- -28.99%
- 6M
- -33.42%
- 1Y
- -40.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBE
- 1D
- 2.33%
- 1M
- -5.45%
- YTD
- 83.68%
- 6M
- 74.95%
- 1Y
- 84.41%
- 3Y*
- 23.42%
- 5Y*
- 19.66%
- 10Y*
- 12.03%
BETH vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | -28.99% | -11.20% | 85.03% | 42.75% |
DBE Invesco DB Energy Fund | 83.68% | -2.17% | 2.96% | -14.02% |
Correlation
The correlation between BETH and DBE is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.11 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | -0.03 |
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Return for Risk
BETH vs. DBE — Risk / Return Rank
BETH
DBE
BETH vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and Invesco DB Energy Fund (DBE). 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.
| BETH | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.29 | ||
| Sortino ratioReturn per unit of downside risk | -4.13 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.40 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 5.89 | -6.66 |
| Martin ratioReturn relative to average drawdown | -1.31 | 11.53 | -12.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BETH | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | 2.43 | -3.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.67 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.09 | +0.32 |
Drawdowns
BETH vs. DBE - Drawdown Comparison
The maximum BETH drawdown since its inception was -52.55%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for BETH and DBE.
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Drawdown Indicators
| BETH | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.55% | -86.69% | +34.14% |
Max Drawdown (1Y)Largest decline over 1 year | -52.55% | -14.41% | -38.14% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -52.01% | -30.27% | -21.74% |
Average DrawdownAverage peak-to-trough decline | -17.60% | -57.31% | +39.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.70% | 7.35% | +23.35% |
Volatility
BETH vs. DBE - Volatility Comparison
The current volatility for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is 9.53%, while Invesco DB Energy Fund (DBE) has a volatility of 12.95%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETH | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 12.95% | -3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 36.39% | 30.86% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.81% | 34.97% | +11.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.18% | 29.39% | +21.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.18% | 28.33% | +22.85% |
BETH vs. DBE - Expense Ratio Comparison
BETH has a 0.95% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
BETH vs. DBE - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 57.55%, more than DBE's 2.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 57.55% | 57.68% | 19.71% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBE Invesco DB Energy Fund | 2.10% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
Frequently Asked Questions
BETH and DBE have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.95%) compared to BETH (9.53%). In terms of maximum drawdown, BETH dropped -52.55% vs DBE's -86.69%.
On 1-year performance, DBE leads with 84.41% vs -40.13% for BETH. On fees, DBE is cheaper at 0.78% per year. On volatility, BETH has been the lower-risk option at 9.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBE has performed better with a 84.41% return vs -40.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.95% for BETH.
BETH has the higher dividend yield at 57.55%, compared with 2.10% for DBE.
BETH is categorized as Cryptocurrency, while DBE is Oil & Gas. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for BETH and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.43 vs -0.86), 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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