BETH vs. USFR

Last updated Jun 26, 2026

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 -46.20% vs 4.00% for USFR. At a correlation of -0.00, they often move in opposite directions. BETH charges 0.95%/yr vs 0.15%/yr for USFR.

Performance

BETH vs. USFR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and WisdomTree Floating Rate Treasury Fund (USFR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BETH achieves a -36.08% return, which is significantly lower than USFR's 1.84% return.

BETH

• 1D: -0.96%
• 1M: -22.53%
• YTD: -36.08%
• 6M: -35.85%
• 1Y: -46.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

USFR

• 1D: 0.02%
• 1M: 0.32%
• YTD: 1.84%
• 6M: 1.94%
• 1Y: 4.00%
• 3Y*: 4.74%
• 5Y*: 3.72%
• 10Y*: 2.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BETH vs. USFR - 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%
USFR WisdomTree Floating Rate Treasury Fund	1.84%	4.23%	5.47%	1.22%

Correlation

The correlation between BETH and USFR is -0.10, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.10
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023	-0.00

Return for Risk

BETH vs. USFR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BETH

BETH Risk / Return Rank: 2
BETH Sharpe Ratio Rank: 2
BETH Sortino Ratio Rank: 2
BETH Omega Ratio Rank: 2
BETH Calmar Ratio Rank: 2
BETH Martin Ratio Rank: 2

USFR

USFR Risk / Return Rank: 100
USFR Sharpe Ratio Rank: 100
USFR Sortino Ratio Rank: 100
USFR Omega Ratio Rank: 100
USFR Calmar Ratio Rank: 100
USFR Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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.

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	USFR	Difference
Sharpe ratio: Return per unit of total volatility	-0.97	14.69	-15.67
Sortino ratio: Return per unit of downside risk	-1.44	50.21	-51.66
Omega ratio: Gain probability vs. loss probability	0.84	13.33	-12.49
Calmar ratio: Return relative to maximum drawdown	-0.82	201.67	-202.48
Martin ratio: Return relative to average drawdown	-1.38	781.05	-782.44

BETH vs. USFR - Sharpe Ratio Comparison

The current BETH Sharpe Ratio is -0.97, which is lower than the USFR Sharpe Ratio of 14.69. The chart below compares the historical Sharpe Ratios of BETH and USFR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BETH vs. USFR - Drawdown Comparison

The maximum BETH drawdown since its inception was -56.81%, 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.

Drawdown Indicators

	BETH	USFR	Difference
Max Drawdown Largest peak-to-trough decline	-56.81%	-1.36%	-55.45%
Max Drawdown (1Y) Largest decline over 1 year	-56.81%	-0.02%	-56.79%
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 Drawdown Current decline from peak	-56.81%	0.00%	-56.81%
Average Drawdown Average peak-to-trough decline	-18.42%	-0.15%	-18.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.40%	0.01%	+33.39%

Volatility

BETH vs. USFR - Volatility Comparison

ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) has a higher volatility of 13.97% compared to WisdomTree Floating Rate Treasury Fund (USFR) at 0.09%. 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.

Volatility by Period

	BETH	USFR	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.97%	0.09%	+13.88%
Volatility (6M) Calculated over the trailing 6-month period	36.53%	0.19%	+36.34%
Volatility (1Y) Calculated over the trailing 1-year period	47.59%	0.27%	+47.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.17%	0.39%	+50.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.17%	0.78%	+50.39%

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 63.94%, more than USFR's 3.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
USFR WisdomTree Floating Rate Treasury Fund	3.84%	4.15%	5.17%	5.12%	1.78%	0.01%	0.40%	2.08%	1.67%	1.03%	0.29%

Frequently Asked Questions

Can I hold both BETH and USFR in my portfolio?

BETH and USFR 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.

Which is riskier, BETH or USFR?

BETH has higher volatility (13.97%) compared to USFR (0.09%). In terms of maximum drawdown, BETH dropped -56.81% vs USFR's -1.36%.

Which ETF is better, BETH or USFR?

On 1-year performance, USFR leads with 4.00% vs -46.20% for BETH. On fees, USFR is cheaper at 0.15% per year. On volatility, USFR has been the lower-risk option at 0.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BETH or USFR?

Over the 1-year period, USFR has performed better with a 4.00% return vs -46.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BETH or USFR?

USFR is cheaper with a 0.15% expense ratio, compared with 0.95% for BETH.

Which ETF pays a higher dividend yield, BETH or USFR?

BETH has the higher dividend yield at 63.94%, compared with 3.84% for USFR.

What is the main difference between BETH and 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.

Which has better risk-adjusted returns?

USFR currently has the higher Sharpe Ratio (14.69 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.