Proshares Bitcoin & Ether Equal Weight ETF (BETE) Performance
BETE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −16.4% since Dec 31, 2025
- 1 year
- −35.3% total return
- 3 years
- +18.8% a year
- Since first price
- +21.1% a year since 2023
BETE trailing returns vs SPY, QQQ, AGG
| Period | BETE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −7.9% | −8.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +25.1% | +24.8% | +3.2% | +1.9% | −0.4% |
| 6 months | +1.9% | +1.4% | +7.8% | +8.4% | −1.5% |
| YTD | −16.4% | −17.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −35.3% | −47.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.6%+18.8%/yr | −12.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 2, 2023 | +79.6%+21.1%/yr | −6.3% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BETE vs SPY
From Oct 2, 2023: BETE grew to $17,960, SPY to $18,441.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BETE returns by calendar year
1 of 2 full years positive. Best 2024 (+66.2%), worst 2025 (−7.8%). 2026 is year to date.
BETE annual returns table
| Year | BETE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −16.4% | −48.1% | +12.3% | +15.1% | −1.0% |
| 2025 | −7.8% | −45.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +66.2% | −37.9% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BETE largest drawdowns
Now 45.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 6, 2025 | −61.8% | Jun 25, 2026 | not yet | 9 months | 1.0 years so far |
| Dec 16, 2024 | −49.5% | Apr 8, 2025 | Jul 21, 2025 | 4 months | 7 months |
| Mar 13, 2024 | −37.9% | Sep 6, 2024 | Nov 21, 2024 | 6 months | 8 months |
| Jan 11, 2024 | −16.0% | Jan 23, 2024 | Feb 12, 2024 | 12 days | 32 days |
| Aug 13, 2025 | −14.3% | Sep 25, 2025 | Oct 6, 2025 | 43 days | 54 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BETE risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +19.2% |
| Volatility (annualized) | 60.1% |
| Sharpe ratio | 0.50 |
| Sortino ratio | 0.88 |
| Best month | +46.3% |
| Worst month | −25.7% |
| Best 12 months | +97.9% |
| Worst 12 months | −49.1% |
| Positive months | 57% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BETE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | −49.1% | −5.5% | +97.9% | 40% |
| 3-year (a year) | 1 | +15.8% | +15.8% | +15.8% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BETE performance overview
Proshares Bitcoin & Ether Equal Weight ETF (BETE) returned −35.3% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +21.1% a year, turning $10,000 into about $17,960. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −61.8%, from Oct 6, 2025 to Jun 25, 2026; the fund has not yet regained that high. Volatility has been 60.1% a year.
Related: BETE chart, BETE dividends. See the BETE overview for the latest quote and fund facts.
BETE performance FAQ
What is the BETE return over the past year?
BETE returned −35.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 47.3%.
How much would $10,000 invested in BETE be worth?
$10,000 invested in BETE at its first recorded close on October 2, 2023 would be worth about $17,960 on October 23, 2026 with distributions reinvested.
What was the worst year for BETE?
The worst calendar year was 2025, with a total return of −7.8%. The best was 2024 at +66.2%.
What is the biggest drawdown of BETE?
The largest peak-to-trough decline was −61.8% between October 6, 2025 and June 25, 2026. It has not yet recovered to that high; it is 45.2% below its peak.
How volatile is BETE?
Over the past history BETE had an annualized volatility of 60.1% and a Sharpe ratio of 0.50 (excess return over 1–3 month T-bills per unit of risk).