BTOP vs. BETH
Compare and contrast key facts about Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH).
BTOP and BETH 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. 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: BTOP or BETH.
Performance
BTOP vs. BETH - Performance Comparison
Returns By Period
In the year-to-date period, BTOP achieves a 63.58% return, which is significantly lower than BETH's 84.62% return.
BTOP
63.58%
34.32%
4.98%
86.49%
N/A
N/A
BETH
84.62%
35.32%
17.12%
108.66%
N/A
N/A
Key characteristics
| BTOP | BETH | |
|---|---|---|
| Sharpe Ratio | 1.50 | 1.92 |
| Sortino Ratio | 2.12 | 2.51 |
| Omega Ratio | 1.26 | 1.30 |
| Calmar Ratio | 2.25 | 3.21 |
| Martin Ratio | 4.58 | 6.92 |
| Ulcer Index | 18.87% | 15.69% |
| Daily Std Dev | 57.85% | 56.69% |
| Max Drawdown | -38.51% | -33.89% |
| Current Drawdown | -4.59% | -6.81% |
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BTOP vs. BETH - Expense Ratio Comparison
BTOP has a 0.90% expense ratio, which is lower than BETH's 0.95% expense ratio.
Correlation
The correlation between BTOP and BETH is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
BTOP vs. BETH - 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 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.
Dividends
BTOP vs. BETH - Dividend Comparison
BTOP's dividend yield for the trailing twelve months is around 3.56%, less than BETH's 19.04% yield.
| TTM | 2023 | |
|---|---|---|
BTOP Bitwise Bitcoin And Ether Equal Weight Strategy ETF | 3.56% | 5.82% |
BETH ProShares Bitcoin & Ether Market Cap Weight Strategy ETF | 19.04% | 0.36% |
Drawdowns
BTOP vs. BETH - Drawdown Comparison
The maximum BTOP drawdown since its inception was -38.51%, which is greater than BETH's maximum drawdown of -33.89%. Use the drawdown chart below to compare losses from any high point for BTOP and BETH. For additional features, visit the drawdowns tool.
Volatility
BTOP vs. BETH - Volatility Comparison
Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (BETH) have volatilities of 19.70% and 19.20%, 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.