BETH vs. IQQQ

Last updated Jul 18, 2026

BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) and IQQQ (ProShares Nasdaq-100 High Income ETF) are both exchange-traded funds - BETH is a Cryptocurrency fund actively managed by ProShares, while IQQQ is a Nasdaq-100 fund tracking the Nasdaq-100 Daily Covered Call Index. BETH is actively managed, while IQQQ is passively managed. Over the past year, BETH returned -48.33% vs 21.59% for IQQQ. At a 0.47 correlation, their price movements are largely independent. BETH charges 0.95%/yr vs 0.55%/yr for IQQQ.

Performance

BETH vs. IQQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and ProShares Nasdaq-100 High Income ETF (IQQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BETH achieves a -30.02% return, which is significantly lower than IQQQ's 11.15% return.

BETH

• 1D: -0.34%
• 1M: 0.71%
• 6M: -35.93%
• YTD: -30.02%
• 1Y: -48.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IQQQ

• 1D: -1.32%
• 1M: -3.16%
• 6M: 9.97%
• YTD: 11.15%
• 1Y: 21.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BETH vs. IQQQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF	-30.02%	-11.20%	25.61%
IQQQ ProShares Nasdaq-100 High Income ETF	11.15%	17.11%	14.82%

Correlation

The correlation between BETH and IQQQ is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Mar 20, 2024	0.47

The correlation between BETH and IQQQ has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

Return for Risk

BETH vs. IQQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETH

BETH Risk / Return Rank: 2
BETH Sharpe Ratio Rank: 1
BETH Sortino Ratio Rank: 2
BETH Omega Ratio Rank: 2
BETH Calmar Ratio Rank: 2
BETH Martin Ratio Rank: 2

IQQQ

IQQQ Risk / Return Rank: 43
IQQQ Sharpe Ratio Rank: 42
IQQQ Sortino Ratio Rank: 39
IQQQ Omega Ratio Rank: 39
IQQQ Calmar Ratio Rank: 47
IQQQ Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BETH vs. IQQQ - 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 ProShares Nasdaq-100 High Income ETF (IQQQ). 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	IQQQ	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	1.22	-2.24
Sortino ratio: Return per unit of downside risk	-1.55	1.68	-3.23
Omega ratio: Gain probability vs. loss probability	0.83	1.21	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.85	1.95	-2.80
Martin ratio: Return relative to average drawdown	-1.35	6.33	-7.67

BETH vs. IQQQ - Sharpe Ratio Comparison

The current BETH Sharpe Ratio is -1.02, which is lower than the IQQQ Sharpe Ratio of 1.22. The chart below compares the historical Sharpe Ratios of BETH and IQQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BETH vs. IQQQ - Drawdown Comparison

The maximum BETH drawdown since its inception was -57.12%, which is greater than IQQQ's maximum drawdown of -20.41%. Use the drawdown chart below to compare losses from any high point for BETH and IQQQ.

Drawdown Indicators

	BETH	IQQQ	Difference
Max Drawdown Largest peak-to-trough decline	-57.12%	-20.41%	-36.71%
Max Drawdown (1Y) Largest decline over 1 year	-57.12%	-11.13%	-45.99%
Current Drawdown Current decline from peak	-52.71%	-6.66%	-46.05%
Average Drawdown Average peak-to-trough decline	-19.18%	-3.64%	-15.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	35.91%	3.42%	+32.49%

Volatility

BETH vs. IQQQ - Volatility Comparison

ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) has a higher volatility of 11.26% compared to ProShares Nasdaq-100 High Income ETF (IQQQ) at 7.11%. This indicates that BETH's price experiences larger fluctuations and is considered to be riskier than IQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BETH	IQQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.26%	7.11%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	36.66%	14.48%	+22.18%
Volatility (1Y) Calculated over the trailing 1-year period	47.48%	17.76%	+29.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.89%	19.16%	+31.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.89%	19.16%	+31.73%

BETH vs. IQQQ - Expense Ratio Comparison

BETH has a 0.95% expense ratio, which is higher than IQQQ's 0.55% expense ratio.

Dividends

BETH vs. IQQQ - Dividend Comparison

BETH's dividend yield for the trailing twelve months is around 53.05%, more than IQQQ's 5.37% yield.

Position	TTM	2025	2024	2023
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF	53.05%	57.68%	19.71%	0.36%
IQQQ ProShares Nasdaq-100 High Income ETF	5.37%	10.34%	7.27%	0.00%

Frequently Asked Questions

Can I hold both BETH and IQQQ in my portfolio?

BETH and IQQQ have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BETH or IQQQ?

BETH has higher volatility (11.26%) compared to IQQQ (7.11%). In terms of maximum drawdown, BETH dropped -57.12% vs IQQQ's -20.41%.

Which ETF is better, BETH or IQQQ?

On 1-year performance, IQQQ leads with 21.59% vs -48.33% for BETH. On fees, IQQQ is cheaper at 0.55% per year. On volatility, IQQQ has been the lower-risk option at 7.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETH or IQQQ?

Over the 1-year period, IQQQ has performed better with a 21.59% return vs -48.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETH or IQQQ?

IQQQ is cheaper with a 0.55% expense ratio, compared with 0.95% for BETH.

Which ETF pays a higher dividend yield, BETH or IQQQ?

BETH has the higher dividend yield at 53.05%, compared with 5.37% for IQQQ.

What is the main difference between BETH and IQQQ?

BETH is categorized as Cryptocurrency, while IQQQ is Nasdaq-100. Their fees differ too: 0.95% for BETH and 0.55% for IQQQ.

Which has better risk-adjusted returns?

IQQQ currently has the higher Sharpe Ratio (1.22 vs -1.02), 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.