BITW vs. BETH
BITW (Bitwise 10 Crypto Index ETF) and BETH (ProShares Bitcoin & Ether Market Cap Weight Strategy ETF) are both Cryptocurrency funds. BITW is passively managed, while BETH is actively managed. Over the past year, BITW returned -42.99% vs -46.96% for BETH. Their correlation of 0.87 means they have usually moved in the same direction. BITW charges 0.75%/yr vs 0.95%/yr for BETH.
Performance
BITW vs. BETH - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with BITW having a -31.06% return and BETH slightly lower at -31.24%.
BITW
- 1D
- -2.78%
- 1M
- 2.56%
- 6M
- -27.22%
- YTD
- -31.06%
- 1Y
- -42.99%
- 3Y*
- 48.26%
- 5Y*
- -0.56%
- 10Y*
- —
- ALL TIME*
- 23.38%
BETH
- 1D
- -2.97%
- 1M
- 2.90%
- 6M
- -27.29%
- YTD
- -31.24%
- 1Y
- -46.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.58K | $35.12K | $73.06K | |
| $1.41M | $1.46M | $2.56M |
BITW vs. BETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITW Bitwise 10 Crypto Index ETF | -31.06% | -2.63% | 160.69% | 94.18% |
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | -31.24% | -11.20% | 85.03% | 39.34% |
Correlation
The correlation between BITW and BETH is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2023 | 0.87 |
The correlation between BITW and BETH shifts across timeframes, from 0.87 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BITW vs. BETH — Risk / Return Rank
BITW
BETH
BITW vs. BETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index ETF (BITW) and ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH). 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.
| BITW | BETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.83 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.86 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.31 | +0.09 |
Loading charts...
Drawdowns
BITW vs. BETH - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than BETH's maximum drawdown of -57.12%. Use the drawdown chart below to compare losses from any high point for BITW and BETH.
Loading charts...
Drawdown Indicators
| BITW | BETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -57.12% | -39.34% |
Max Drawdown (1Y)Largest decline over 1 year | -56.45% | -57.12% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -56.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.93% | — | — |
Current DrawdownCurrent decline from peak | -70.86% | -53.54% | -17.32% |
Average DrawdownAverage peak-to-trough decline | -69.58% | -19.65% | -49.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.89% | 37.38% | -0.49% |
Volatility
BITW vs. BETH - Volatility Comparison
Bitwise 10 Crypto Index ETF (BITW) and ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) have volatilities of 9.68% and 9.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITW | BETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 9.61% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 36.12% | 35.71% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.79% | 47.67% | +2.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.94% | 50.63% | +13.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.44% | 50.63% | +56.81% |
BITW vs. BETH - Expense Ratio Comparison
BITW has a 0.75% expense ratio, which is lower than BETH's 0.95% expense ratio.
Dividends
BITW vs. BETH - Dividend Comparison
BITW has not paid dividends to shareholders, while BETH's dividend yield for the trailing twelve months is around 53.99%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 41.98% | 57.68% | 19.71% | 0.36% |
BITW Bitwise 10 Crypto Index ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, BITW and BETH move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BITW has higher volatility (9.68%) compared to BETH (9.61%). In terms of maximum drawdown, BITW dropped -96.46% vs BETH's -57.12%.
On 1-year performance, BITW leads with -42.99% vs -46.96% for BETH. On fees, BITW is cheaper at 0.75% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BITW has performed better with a -42.99% return vs -46.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITW is cheaper with a 0.75% expense ratio, compared with 0.95% for BETH.
BETH has the higher dividend yield at 41.98%, compared with 0.00% for BITW.
They also come from different issuers: Bitwise and ProShares. Their fees differ too: 0.75% for BITW and 0.95% for BETH.
BITW currently has the higher Sharpe Ratio (-0.91 vs -1.03), 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.
Find the right allocation for BITW and BETH
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer