Bitwise Bitcoin And Ether Equal Weight Strategy ETF (BTOP)
BTOP is an actively managed ETF by Bitwise. BTOP launched on Sep 29, 2023 and has a 0.90% expense ratio.
ETF Info
Sep 29, 2023
Global (Broad)
1x
No Index (Active)
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Bitwise Bitcoin And Ether Equal Weight Strategy 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 Bitcoin And Ether Equal Weight Strategy ETF had a return of 63.58% year-to-date (YTD) and 86.49% in the last 12 months.
BTOP
63.58%
34.32%
4.98%
86.49%
N/A
N/A
^GSPC (Benchmark)
26.24%
3.68%
13.49%
32.33%
13.85%
11.31%
Monthly Returns
The table below presents the monthly returns of BTOP, 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 | -0.97% | 45.65% | 7.44% | -18.64% | 21.90% | -11.68% | 2.07% | -16.64% | 5.52% | 3.14% | 63.58% | ||
| 2023 | 16.06% | 9.75% | 11.26% | 41.71% |
Expense Ratio
BTOP features an expense ratio of 0.90%, falling within the medium range.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of BTOP is 47, 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 Bitcoin And Ether Equal Weight Strategy ETF (BTOP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Bitwise Bitcoin And Ether Equal Weight Strategy ETF provided a 3.56% dividend yield over the last twelve months, with an annual payout of $1.99 per share.
| Period | TTM | 2023 |
|---|---|---|
| Dividend | $1.99 | $1.99 |
Dividend yield | 3.56% | 5.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Bitwise Bitcoin And Ether Equal Weight Strategy 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 | $0.00 | $0.00 | |
| 2023 | $1.99 | $1.99 |
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 Bitcoin And Ether Equal Weight Strategy 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 Bitcoin And Ether Equal Weight Strategy ETF was 38.51%, occurring on Sep 6, 2024. Recovery took 54 trading sessions.
The current Bitwise Bitcoin And Ether Equal Weight Strategy ETF drawdown is 4.59%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -38.51% | Mar 14, 2024 | 122 | Sep 6, 2024 | 54 | Nov 21, 2024 | 176 |
| -15.62% | Jan 12, 2024 | 7 | Jan 23, 2024 | 14 | Feb 12, 2024 | 21 |
| -8.1% | Dec 11, 2023 | 1 | Dec 11, 2023 | 18 | Jan 8, 2024 | 19 |
| -7% | Mar 5, 2024 | 1 | Mar 5, 2024 | 1 | Mar 6, 2024 | 2 |
| -6.87% | Oct 3, 2023 | 8 | Oct 12, 2023 | 6 | Oct 20, 2023 | 14 |
Volatility
Volatility Chart
The current Bitwise Bitcoin And Ether Equal Weight Strategy ETF volatility is 19.70%, 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.