Correlation
The correlation between BTOP and BETE is 0.31, 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.
BTOP vs. BETE
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE).
BTOP and BETE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTOP is an actively managed fund by Bitwise. It was launched on Sep 29, 2023. BETE is managed 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: BTOP or BETE.
Performance
BTOP vs. BETE - Performance Comparison
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Key characteristics
BTOP:
-0.57
BETE:
-0.03
BTOP:
-0.46
BETE:
0.36
BTOP:
0.92
BETE:
1.04
BTOP:
-0.58
BETE:
-0.06
BTOP:
-0.96
BETE:
-0.11
BTOP:
39.03%
BETE:
24.71%
BTOP:
64.42%
BETE:
59.73%
BTOP:
-64.20%
BETE:
-49.48%
BTOP:
-49.67%
BETE:
-21.78%
Returns By Period
In the year-to-date period, BTOP achieves a -5.05% return, which is significantly higher than BETE's -7.36% return.
BTOP
-5.05%
22.54%
-44.63%
-36.63%
N/A
N/A
N/A
BETE
-7.36%
24.21%
-13.80%
-1.37%
N/A
N/A
N/A
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BTOP vs. BETE - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is lower than BETE's 0.95% expense ratio.
Risk-Adjusted Performance
BTOP vs. BETE — Risk-Adjusted Performance Rank
BTOP
BETE
BTOP vs. BETE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE). 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.
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Dividends
BTOP vs. BETE - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 62.60%, more than BETE's 13.49% yield.
| TTM | 2024 | 2023 | |
|---|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 62.60% | 59.44% | 5.82% |
BETE Proshares Bitcoin & Ether Equal Weight Strategy ETF | 13.49% | 15.22% | 0.78% |
Drawdowns
BTOP vs. BETE - Drawdown Comparison
The maximum BTOP drawdown since its inception was -64.20%, which is greater than BETE's maximum drawdown of -49.48%. Use the drawdown chart below to compare losses from any high point for BTOP and BETE.
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Volatility
BTOP vs. BETE - Volatility Comparison
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and Proshares Bitcoin & Ether Equal Weight Strategy ETF (BETE) have volatilities of 15.77% and 15.65%, 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.
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