BETH vs. USD
BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - BETH is a Cryptocurrency fund actively managed by ProShares, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). BETH is actively managed, while USD is passively managed. Over the past year, BETH returned -46.20% vs 185.02% for USD. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
BETH vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, BETH achieves a -36.08% return, which is significantly lower than USD's 92.18% return.
BETH
- 1D
- -0.96%
- 1M
- -22.53%
- YTD
- -36.08%
- 6M
- -35.85%
- 1Y
- -46.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.73%
- 1M
- -0.57%
- YTD
- 92.18%
- 6M
- 86.88%
- 1Y
- 185.02%
- 3Y*
- 118.50%
- 5Y*
- 64.73%
- 10Y*
- 62.72%
BETH vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | -36.08% | -11.20% | 85.03% | 39.34% |
USD ProShares Ultra Semiconductors | 92.18% | 62.08% | 139.64% | 41.38% |
Correlation
The correlation between BETH and USD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.34 |
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Return for Risk
BETH vs. USD — Risk / Return Rank
BETH
USD
BETH vs. USD - 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 Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.73 | ||
| Sortino ratioReturn per unit of downside risk | -4.21 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.38 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 5.86 | -6.67 |
| Martin ratioReturn relative to average drawdown | -1.38 | 16.16 | -17.54 |
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Drawdowns
BETH vs. USD - Drawdown Comparison
The maximum BETH drawdown since its inception was -56.81%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for BETH and USD.
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Drawdown Indicators
| BETH | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.81% | -88.63% | +31.82% |
Max Drawdown (1Y)Largest decline over 1 year | -56.81% | -31.80% | -25.01% |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -56.81% | -11.21% | -45.60% |
Average DrawdownAverage peak-to-trough decline | -18.42% | -32.29% | +13.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.40% | 11.50% | +21.90% |
Volatility
BETH vs. USD - Volatility Comparison
The current volatility for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is 13.97%, while ProShares Ultra Semiconductors (USD) has a volatility of 33.79%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETH | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.97% | 33.79% | -19.82% |
Volatility (6M)Calculated over the trailing 6-month period | 36.53% | 53.90% | -17.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.59% | 67.84% | -20.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.17% | 77.74% | -26.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.17% | 69.82% | -18.65% |
BETH vs. USD - Expense Ratio Comparison
Both BETH and USD have an expense ratio of 0.95%.
Dividends
BETH vs. USD - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 63.94%, more than USD's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 63.94% | 57.68% | 19.71% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.30% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
BETH and USD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (33.79%) compared to BETH (13.97%). In terms of maximum drawdown, BETH dropped -56.81% vs USD's -88.63%.
On 1-year performance, USD leads with 185.02% vs -46.20% for BETH. Both ETFs have the same 0.95% expense ratio. On volatility, BETH has been the lower-risk option at 13.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USD has performed better with a 185.02% return vs -46.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETH and USD have the same expense ratio: 0.95% per year.
BETH has the higher dividend yield at 63.94%, compared with 0.30% for USD.
BETH is categorized as Cryptocurrency, while USD is Leveraged Equities.
USD currently has the higher Sharpe Ratio (2.75 vs -0.97), 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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