BETH vs. QLD
Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and ProShares Ultra QQQ (QLD).
BETH and QLD 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. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Performance
BETH vs. QLD - Performance Comparison
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BETH vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | -23.96% | -11.20% | 85.03% | 42.75% |
QLD ProShares Ultra QQQ | -11.23% | 30.36% | 42.82% | 26.17% |
Returns By Period
In the year-to-date period, BETH achieves a -23.96% return, which is significantly lower than QLD's -11.23% return.
BETH
- 1D
- 0.78%
- 1M
- -0.84%
- YTD
- -23.96%
- 6M
- -44.92%
- 1Y
- -19.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QLD
- 1D
- 2.44%
- 1M
- -8.26%
- YTD
- -11.23%
- 6M
- -9.73%
- 1Y
- 38.72%
- 3Y*
- 36.50%
- 5Y*
- 15.83%
- 10Y*
- 29.71%
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BETH vs. QLD - Expense Ratio Comparison
Both BETH and QLD have an expense ratio of 0.95%.
Return for Risk
BETH vs. QLD — Risk / Return Rank
BETH
QLD
BETH vs. QLD - 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 Ultra QQQ (QLD). 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 | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 0.87 | -1.26 |
Sortino ratioReturn per unit of downside risk | -0.28 | 1.46 | -1.74 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.21 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | 1.63 | -1.95 |
Martin ratioReturn relative to average drawdown | -0.67 | 5.27 | -5.95 |
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 | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 0.87 | -1.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.67 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.53 | -0.03 |
Correlation
The correlation between BETH and QLD is 0.39, 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.
Dividends
BETH vs. QLD - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 62.89%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 62.89% | 57.68% | 19.71% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
BETH vs. QLD - Drawdown Comparison
The maximum BETH drawdown since its inception was -52.55%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for BETH and QLD.
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Drawdown Indicators
| BETH | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.55% | -83.13% | +30.58% |
Max Drawdown (1Y)Largest decline over 1 year | -52.55% | -25.13% | -27.42% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.68% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.68% | — |
Current DrawdownCurrent decline from peak | -48.62% | -18.15% | -30.47% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -18.30% | +2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.90% | 7.75% | +17.15% |
Volatility
BETH vs. QLD - Volatility Comparison
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and ProShares Ultra QQQ (QLD) have volatilities of 13.77% and 13.16%, 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.
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Volatility by Period
| BETH | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.77% | 13.16% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 39.46% | 25.67% | +13.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.58% | 44.97% | +3.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.11% | 44.76% | +7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.11% | 44.47% | +7.64% |