Correlation
The correlation between BETH and HODL is 0.36, 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. HODL
Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and VanEck Bitcoin Trust (HODL).
BETH and HODL 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. HODL is a passively managed fund by VanEck that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 4, 2024.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETH or HODL.
Performance
BETH vs. HODL - Performance Comparison
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Key characteristics
BETH:
0.42
HODL:
1.00
BETH:
0.95
HODL:
1.65
BETH:
1.11
HODL:
1.20
BETH:
0.62
HODL:
1.89
BETH:
1.24
HODL:
4.14
BETH:
17.80%
HODL:
12.82%
BETH:
54.22%
HODL:
52.54%
BETH:
-35.92%
HODL:
-28.07%
BETH:
-10.46%
HODL:
-5.91%
Returns By Period
In the year-to-date period, BETH achieves a 3.87% return, which is significantly lower than HODL's 12.00% return.
BETH
3.87%
11.78%
-2.29%
23.73%
N/A
N/A
N/A
HODL
12.00%
8.27%
7.85%
54.73%
N/A
N/A
N/A
Compare stocks, funds, or ETFs
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BETH vs. HODL - Expense Ratio Comparison
BETH has a 0.95% expense ratio, which is higher than HODL's 0.25% expense ratio.
Risk-Adjusted Performance
BETH vs. HODL — Risk-Adjusted Performance Rank
BETH
HODL
BETH vs. HODL - 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 VanEck Bitcoin Trust (HODL). 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. HODL - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 18.41%, while HODL has not paid dividends to shareholders.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 18.41% | 19.71% | 0.36% |
HODL VanEck Bitcoin Trust | 0.00% | 0.00% | 0.00% |
Drawdowns
BETH vs. HODL - Drawdown Comparison
The maximum BETH drawdown since its inception was -35.92%, which is greater than HODL's maximum drawdown of -28.07%. Use the drawdown chart below to compare losses from any high point for BETH and HODL.
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Volatility
BETH vs. HODL - Volatility Comparison
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) has a higher volatility of 10.02% compared to VanEck Bitcoin Trust (HODL) at 9.37%. This indicates that BETH's price experiences larger fluctuations and is considered to be riskier than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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