BETH vs. USFR
BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) and USFR (WisdomTree Floating Rate Treasury Fund) are both exchange-traded funds - BETH is a Cryptocurrency fund actively managed by ProShares, while USFR is a Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Bond Index. BETH is actively managed, while USFR is passively managed. Over the past year, BETH returned -40.13% vs 4.03% for USFR. At a 0.01 correlation, their price movements are largely independent. BETH charges 0.95%/yr vs 0.15%/yr for USFR.
Performance
BETH vs. USFR - 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 USFR's 1.60% return.
BETH
- 1D
- -3.09%
- 1M
- -19.49%
- YTD
- -28.99%
- 6M
- -33.42%
- 1Y
- -40.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USFR
- 1D
- 0.02%
- 1M
- 0.29%
- YTD
- 1.60%
- 6M
- 1.98%
- 1Y
- 4.03%
- 3Y*
- 4.76%
- 5Y*
- 3.66%
- 10Y*
- 2.47%
BETH vs. USFR - 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% |
USFR WisdomTree Floating Rate Treasury Fund | 1.60% | 4.23% | 5.47% | 1.20% |
Correlation
The correlation between BETH and USFR is -0.08, 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 | -0.08 |
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. USFR — Risk / Return Rank
BETH
USFR
BETH vs. USFR - 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 WisdomTree Floating Rate Treasury Fund (USFR). 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 | USFR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -15.97 | ||
| Sortino ratioReturn per unit of downside risk | -51.81 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 13.43 | -12.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 203.42 | -204.18 |
| Martin ratioReturn relative to average drawdown | -1.31 | 787.84 | -789.15 |
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 | USFR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.86 | 15.11 | -15.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 9.26 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 3.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.60 | -1.19 |
Drawdowns
BETH vs. USFR - Drawdown Comparison
The maximum BETH drawdown since its inception was -52.55%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for BETH and USFR.
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Drawdown Indicators
| BETH | USFR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.55% | -1.36% | -51.19% |
Max Drawdown (1Y)Largest decline over 1 year | -52.55% | -0.02% | -52.53% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -0.80% | — |
Current DrawdownCurrent decline from peak | -52.01% | 0.00% | -52.01% |
Average DrawdownAverage peak-to-trough decline | -17.60% | -0.16% | -17.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.70% | 0.01% | +30.69% |
Volatility
BETH vs. USFR - Volatility Comparison
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) has a higher volatility of 9.53% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.06%. This indicates that BETH's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETH | USFR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.53% | 0.06% | +9.47% |
Volatility (6M)Calculated over the trailing 6-month period | 36.39% | 0.18% | +36.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.81% | 0.27% | +46.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.18% | 0.40% | +50.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.18% | 0.81% | +50.37% |
BETH vs. USFR - Expense Ratio Comparison
BETH has a 0.95% expense ratio, which is higher than USFR's 0.15% expense ratio.
Dividends
BETH vs. USFR - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 57.55%, more than USFR's 3.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 57.55% | 57.68% | 19.71% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USFR WisdomTree Floating Rate Treasury Fund | 3.91% | 4.15% | 5.17% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Frequently Asked Questions
BETH and USFR have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BETH has higher volatility (9.53%) compared to USFR (0.06%). In terms of maximum drawdown, BETH dropped -52.55% vs USFR's -1.36%.
On 1-year performance, USFR leads with 4.03% vs -40.13% for BETH. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, USFR has performed better with a 4.03% return vs -40.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USFR is cheaper with a 0.15% expense ratio, compared with 0.95% for BETH.
BETH has the higher dividend yield at 57.55%, compared with 3.91% for USFR.
BETH is categorized as Cryptocurrency, while USFR is Government Bonds. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for BETH and 0.15% for USFR.
USFR currently has the higher Sharpe Ratio (15.11 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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