BETH vs. UVXY
BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - BETH is a Cryptocurrency fund actively managed by ProShares, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). BETH is actively managed, while UVXY is passively managed. Over the past year, BETH returned -41.18% vs -74.10% for UVXY. At a correlation of -0.32, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
BETH vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, BETH achieves a -30.85% return, which is significantly lower than UVXY's -23.07% return.
BETH
- 1D
- -2.62%
- 1M
- -22.99%
- YTD
- -30.85%
- 6M
- -34.87%
- 1Y
- -41.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UVXY
- 1D
- -4.95%
- 1M
- -26.21%
- YTD
- -23.07%
- 6M
- -39.47%
- 1Y
- -74.10%
- 3Y*
- -64.78%
- 5Y*
- -68.23%
- 10Y*
- -72.73%
BETH vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | -30.85% | -11.20% | 85.03% | 42.75% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -23.07% | -65.32% | -50.90% | -48.09% |
Correlation
The correlation between BETH and UVXY is -0.40, 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 | -0.40 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2023 | -0.32 |
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Return for Risk
BETH vs. UVXY — Risk / Return Rank
BETH
UVXY
BETH vs. UVXY - 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 VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.81 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | -0.97 | +0.20 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.33 | -0.01 |
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 | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -0.88 | 0.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | -0.68 | +1.07 |
Drawdowns
BETH vs. UVXY - Drawdown Comparison
The maximum BETH drawdown since its inception was -53.27%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BETH and UVXY.
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Drawdown Indicators
| BETH | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.27% | -100.00% | +46.73% |
Max Drawdown (1Y)Largest decline over 1 year | -53.27% | -76.19% | +22.92% |
Max Drawdown (3Y)Largest decline over 3 years | — | -95.25% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -53.27% | -100.00% | +46.73% |
Average DrawdownAverage peak-to-trough decline | -17.65% | -98.55% | +80.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.89% | 55.83% | -24.94% |
Volatility
BETH vs. UVXY - Volatility Comparison
The current volatility for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) is 9.18%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 12.26%. This indicates that BETH experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BETH | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 12.26% | -3.08% |
Volatility (6M)Calculated over the trailing 6-month period | 35.80% | 62.79% | -26.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.84% | 84.51% | -37.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.17% | 103.82% | -52.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.17% | 113.81% | -62.64% |
BETH vs. UVXY - Expense Ratio Comparison
Both BETH and UVXY have an expense ratio of 0.95%.
Dividends
BETH vs. UVXY - Dividend Comparison
BETH's dividend yield for the trailing twelve months is around 59.10%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 59.10% | 57.68% | 19.71% | 0.36% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BETH and UVXY have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (12.26%) compared to BETH (9.18%). In terms of maximum drawdown, BETH dropped -53.27% vs UVXY's -100.00%.
On 1-year performance, BETH leads with -41.18% vs -74.10% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, BETH has been the lower-risk option at 9.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BETH has performed better with a -41.18% return vs -74.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BETH and UVXY have the same expense ratio: 0.95% per year.
BETH has the higher dividend yield at 59.10%, compared with 0.00% for UVXY.
BETH is categorized as Cryptocurrency, while UVXY is Volatility.
UVXY currently has the higher Sharpe Ratio (-0.88 vs -0.88), 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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