BETH vs. SQQQ
Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and ProShares UltraPro Short QQQ (SQQQ).
BETH and SQQQ 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. SQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (-300%). It was launched on Feb 9, 2010.
Performance
BETH vs. SQQQ - Performance Comparison
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BETH vs. SQQQ - 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% |
SQQQ ProShares UltraPro Short QQQ | 13.99% | -53.05% | -49.79% | -31.16% |
Returns By Period
In the year-to-date period, BETH achieves a -23.96% return, which is significantly lower than SQQQ's 13.99% return.
BETH
- 1D
- 0.78%
- 1M
- -0.84%
- YTD
- -23.96%
- 6M
- -44.92%
- 1Y
- -19.29%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SQQQ
- 1D
- -3.78%
- 1M
- 10.61%
- YTD
- 13.99%
- 6M
- 6.42%
- 1Y
- -56.13%
- 3Y*
- -49.39%
- 5Y*
- -42.70%
- 10Y*
- -52.71%
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BETH vs. SQQQ - Expense Ratio Comparison
Both BETH and SQQQ have an expense ratio of 0.95%.
Return for Risk
BETH vs. SQQQ — Risk / Return Rank
BETH
SQQQ
BETH vs. SQQQ - 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 UltraPro Short QQQ (SQQQ). 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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | -0.84 | +0.44 |
Sortino ratioReturn per unit of downside risk | -0.28 | -1.14 | +0.86 |
Omega ratioGain probability vs. loss probability | 0.97 | 0.84 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.76 | +0.44 |
Martin ratioReturn relative to average drawdown | -0.67 | -0.87 | +0.20 |
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 | SQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -0.84 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.80 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.85 | +1.35 |
Correlation
The correlation between BETH and SQQQ is -0.39. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BETH vs. SQQQ - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 62.89%, more than SQQQ's 5.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
SQQQ ProShares UltraPro Short QQQ | 5.99% | 9.36% | 10.23% | 8.01% | 0.28% | 0.00% | 2.15% | 2.92% | 1.47% | 0.14% |
Drawdowns
BETH vs. SQQQ - Drawdown Comparison
The maximum BETH drawdown since its inception was -52.55%, smaller than the maximum SQQQ drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BETH and SQQQ.
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Drawdown Indicators
| BETH | SQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.55% | -100.00% | +47.45% |
Max Drawdown (1Y)Largest decline over 1 year | -52.55% | -75.23% | +22.68% |
Max Drawdown (5Y)Largest decline over 5 years | — | -95.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.96% | — |
Current DrawdownCurrent decline from peak | -48.62% | -100.00% | +51.38% |
Average DrawdownAverage peak-to-trough decline | -15.81% | -92.32% | +76.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.90% | 65.40% | -40.50% |
Volatility
BETH vs. SQQQ - Volatility Comparison
The current volatility for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is 13.77%, while ProShares UltraPro Short QQQ (SQQQ) has a volatility of 19.98%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than SQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETH | SQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.77% | 19.98% | -6.21% |
Volatility (6M)Calculated over the trailing 6-month period | 39.46% | 38.23% | +1.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.58% | 67.38% | -18.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.11% | 66.65% | -14.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.11% | 65.97% | -13.86% |