BETH vs. UGA
BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) and UGA (United States Gasoline Fund LP) are both exchange-traded funds - BETH is a Cryptocurrency fund actively managed by ProShares, while UGA is a Oil & Gas fund tracking the Front Month Unleaded Gasoline. BETH is actively managed, while UGA is passively managed. Over the past year, BETH returned -40.13% vs 80.94% for UGA. At a correlation of -0.01, they often move in opposite directions. BETH charges 0.95%/yr vs 0.75%/yr for UGA.
Performance
BETH vs. UGA - 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 UGA's 75.49% return.
BETH
- 1D
- -3.09%
- 1M
- -19.49%
- YTD
- -28.99%
- 6M
- -33.42%
- 1Y
- -40.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UGA
- 1D
- -0.19%
- 1M
- -12.35%
- YTD
- 75.49%
- 6M
- 64.35%
- 1Y
- 80.94%
- 3Y*
- 22.21%
- 5Y*
- 25.10%
- 10Y*
- 14.43%
BETH vs. UGA - 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% |
UGA United States Gasoline Fund LP | 75.49% | -2.00% | 3.77% | -10.58% |
Correlation
The correlation between BETH and UGA is -0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | -0.01 |
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Return for Risk
BETH vs. UGA — Risk / Return Rank
BETH
UGA
BETH vs. UGA - 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 United States Gasoline Fund LP (UGA). 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 | UGA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.18 | ||
| Sortino ratioReturn per unit of downside risk | -3.93 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.37 | -0.51 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 5.47 | -6.23 |
| Martin ratioReturn relative to average drawdown | -1.31 | 13.25 | -14.56 |
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 | UGA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | 2.32 | -3.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.73 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.12 | +0.29 |
Drawdowns
BETH vs. UGA - Drawdown Comparison
The maximum BETH drawdown since its inception was -52.55%, smaller than the maximum UGA drawdown of -86.59%. Use the drawdown chart below to compare losses from any high point for BETH and UGA.
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Drawdown Indicators
| BETH | UGA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.55% | -86.59% | +34.04% |
Max Drawdown (1Y)Largest decline over 1 year | -52.55% | -14.88% | -37.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -26.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -38.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.89% | — |
Current DrawdownCurrent decline from peak | -52.01% | -12.35% | -39.66% |
Average DrawdownAverage peak-to-trough decline | -17.60% | -36.76% | +19.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.70% | 6.13% | +24.57% |
Volatility
BETH vs. UGA - Volatility Comparison
The current volatility for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is 9.53%, while United States Gasoline Fund LP (UGA) has a volatility of 11.66%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than UGA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETH | UGA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 11.66% | -2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 36.39% | 30.41% | +5.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.81% | 35.14% | +11.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.18% | 34.38% | +16.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.18% | 37.27% | +13.91% |
BETH vs. UGA - Expense Ratio Comparison
BETH has a 0.95% expense ratio, which is higher than UGA's 0.75% expense ratio.
Dividends
BETH vs. UGA - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 57.55%, while UGA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 57.55% | 57.68% | 19.71% | 0.36% |
UGA United States Gasoline Fund LP | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETH and UGA have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UGA has higher volatility (11.66%) compared to BETH (9.53%). In terms of maximum drawdown, BETH dropped -52.55% vs UGA's -86.59%.
On 1-year performance, UGA leads with 80.94% vs -40.13% for BETH. On fees, UGA is cheaper at 0.75% 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, UGA has performed better with a 80.94% return vs -40.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UGA is cheaper with a 0.75% expense ratio, compared with 0.95% for BETH.
BETH has the higher dividend yield at 57.55%, compared with 0.00% for UGA.
BETH is categorized as Cryptocurrency, while UGA is Oil & Gas. They also come from different issuers: ProShares and Concierge Technologies. Their fees differ too: 0.95% for BETH and 0.75% for UGA.
UGA currently has the higher Sharpe Ratio (2.32 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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