ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) — Stock Correlations & Overview
Over the past year, BETH has moved most closely with BITO, BETE, NCIQ. Explore the stocks most correlated and inversely correlated with BETH below, along with its price, financials, and company profile.
Stocks correlated with BETH
Correlation of daily returns. Higher positive values move with BETH; negative values move opposite it. Informational only, not investment advice.
Most correlated with BETH
| Symbol | Company | Correlation |
|---|---|---|
| BITO | ProShares Bitcoin ETF | 1.00 |
| BETE | ProShares Bitcoin & Ether Equal Weight ETF | 0.99 |
| NCIQ | Hashdex Nasdaq CME Crypto Index ETF Shares of Beneficial InterestCOMMODITY CONTRACTS BROKERS & DEALERS | 0.98 |
| EZPZ | Franklin Crypto Index ETFCOMMODITY CONTRACTS BROKERS & DEALERS | 0.98 |
| BTCL | T-Rex 2X Long Bitcoin Daily Target ETF | 0.98 |
Frequently asked questions about BETH correlations
- Which stocks are most correlated with BETH?
- Based on one year of daily returns, the stocks most correlated with ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) are BITO (1.00), BETE (0.99) and NCIQ (0.98). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with BETH?
- Over the past year, the stocks most inversely correlated with ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) are BTCZ (-0.97), SBIT (-0.97) and BITI (-0.96). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these BETH correlations calculated?
- We compute the correlation of daily returns between BETH and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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