Bitwise Crypto Industry Innovators ETF (BITQ)
BITQ is a passive ETF by Exchange Traded Concepts tracking the investment results of the Bitwise Crypto Innovators 30 Total Return. BITQ launched on May 11, 2021 and has a 0.85% expense ratio.
ETF Info
| ISIN | US3015056241 |
|---|---|
| CUSIP | 301505624 |
| Issuer | Exchange Traded Concepts |
| Inception Date | May 11, 2021 |
| Region | North America (U.S.) |
| Category | Technology Equities, Blockchain |
| Leveraged | 1x |
| Index Tracked | Bitwise Crypto Innovators 30 Total Return |
| Home Page | bitqetf.com |
| Asset Class | Equity |
Expense Ratio
BITQ features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bitwise Crypto Industry Innovators ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Bitwise Crypto Industry Innovators ETF had a return of -6.04% year-to-date (YTD) and 49.89% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -6.04% | 13.39% |
| 1 month | -3.88% | 4.02% |
| 6 months | -11.68% | 5.56% |
| 1 year | 49.89% | 21.51% |
| 5 years (annualized) | N/A | 12.69% |
| 10 years (annualized) | N/A | 10.55% |
Monthly Returns
The table below presents the monthly returns of BITQ, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -23.04% | 29.37% | 14.04% | -21.81% | 16.03% | 12.90% | 2.15% | -10.97% | -6.04% | ||||
| 2023 | 61.95% | -2.73% | 9.92% | 10.22% | 9.12% | 14.02% | 24.84% | -24.28% | -11.96% | 3.58% | 19.02% | 42.34% | 246.83% |
| 2022 | -25.23% | 5.67% | 4.46% | -32.01% | -25.19% | -37.07% | 42.16% | -4.44% | -14.99% | -4.21% | -28.83% | -22.43% | -83.86% |
| 2021 | 11.75% | 7.35% | -5.23% | 13.25% | -15.88% | 30.29% | 3.44% | -26.00% | 8.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BITQ is 35, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Bitwise Crypto Industry Innovators ETF granted a 1.61% dividend yield in the last twelve months. The annual payout for that period amounted to $0.18 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.18 | $0.18 | $0.00 | $0.66 |
Dividend yield | 1.61% | 1.51% | 0.00% | 3.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Bitwise Crypto Industry Innovators ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.66 | $0.66 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Bitwise Crypto Industry Innovators ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bitwise Crypto Industry Innovators ETF was 90.32%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current Bitwise Crypto Industry Innovators ETF drawdown is 66.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -90.32% | Nov 10, 2021 | 285 | Dec 28, 2022 | — | — | — |
| -23.44% | Sep 7, 2021 | 17 | Sep 29, 2021 | 21 | Oct 28, 2021 | 38 |
| -22.6% | Jun 15, 2021 | 24 | Jul 19, 2021 | 13 | Aug 5, 2021 | 37 |
| -13.43% | Aug 10, 2021 | 7 | Aug 18, 2021 | 12 | Sep 3, 2021 | 19 |
| -11.88% | May 17, 2021 | 5 | May 21, 2021 | 15 | Jun 14, 2021 | 20 |
Volatility
Volatility Chart
The current Bitwise Crypto Industry Innovators ETF volatility is 15.64%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.