BETH vs. ^GSPC
Compare and contrast key facts about ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and S&P 500 (^GSPC).
BETH is an actively managed fund by ProShares. It was launched on Oct 2, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BETH or ^GSPC.
Key characteristics
| BETH | ^GSPC | |
|---|---|---|
| YTD Return | 25.05% | 17.95% |
| Daily Std Dev | 55.15% | 12.77% |
| Max Drawdown | -33.88% | -56.78% |
| Current Drawdown | -26.52% | -0.73% |
Correlation
The correlation between BETH and ^GSPC is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BETH vs. ^GSPC - Performance Comparison
In the year-to-date period, BETH achieves a 25.05% return, which is significantly higher than ^GSPC's 17.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BETH vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) and S&P 500 (^GSPC). 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.
Not enough dataDrawdowns
BETH vs. ^GSPC - Drawdown Comparison
The maximum BETH drawdown since its inception was -33.88%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BETH and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BETH vs. ^GSPC - Volatility Comparison
ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) has a higher volatility of 14.32% compared to S&P 500 (^GSPC) at 4.36%. This indicates that BETH's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.