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Bitwise Web3 ETF (BWEB)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US0917481030

Issuer

Bitwise

Inception Date

Oct 4, 2022

Region

Global (Broad)

Leveraged

1x

Index Tracked

Bitwise Web3 Equities Index - Benchmark TR Gross

Asset Class

Equity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Expense Ratio

BWEB has an expense ratio of 0.85%, placing it in the medium range.


Expense ratio chart for BWEB: current value is 0.85%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BWEB: 0.85%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Bitwise Web3 ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


40.00%60.00%80.00%100.00%120.00%140.00%December2025FebruaryMarchAprilMay
95.38%
47.83%
BWEB (Bitwise Web3 ETF)
Benchmark (^GSPC)

Returns By Period

Bitwise Web3 ETF (BWEB) returned -5.41% year-to-date (YTD) and 26.40% over the past 12 months.


BWEB

YTD

-5.41%

1M

6.21%

6M

8.95%

1Y

26.40%

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

-4.72%

1M

-0.51%

6M

-1.78%

1Y

11.67%

5Y*

14.69%

10Y*

10.26%

*Annualized

Monthly Returns

The table below presents the monthly returns of BWEB, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20259.35%-7.48%-13.93%6.48%2.02%-5.41%
2024-8.46%15.70%2.40%-12.04%1.41%5.47%-0.67%0.57%4.93%3.39%23.12%-6.45%27.37%
202325.01%-2.04%9.96%-3.65%10.90%8.30%11.55%-13.10%-8.00%-1.87%23.18%17.97%98.17%
2022-5.26%-1.77%-12.07%-18.17%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BWEB is 63, indicating average performance compared to other ETFs on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BWEB is 6363
Overall Rank
The Sharpe Ratio Rank of BWEB is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of BWEB is 6767
Sortino Ratio Rank
The Omega Ratio Rank of BWEB is 6161
Omega Ratio Rank
The Calmar Ratio Rank of BWEB is 7070
Calmar Ratio Rank
The Martin Ratio Rank of BWEB is 5858
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Bitwise Web3 ETF (BWEB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The chart of Sharpe ratio for BWEB, currently valued at 0.58, compared to the broader market-1.000.001.002.003.004.00
BWEB: 0.58
^GSPC: 0.49
The chart of Sortino ratio for BWEB, currently valued at 1.04, compared to the broader market-2.000.002.004.006.008.00
BWEB: 1.04
^GSPC: 0.81
The chart of Omega ratio for BWEB, currently valued at 1.13, compared to the broader market0.501.001.502.002.50
BWEB: 1.13
^GSPC: 1.12
The chart of Calmar ratio for BWEB, currently valued at 0.65, compared to the broader market0.002.004.006.008.0010.00
BWEB: 0.65
^GSPC: 0.50
The chart of Martin ratio for BWEB, currently valued at 1.94, compared to the broader market0.0020.0040.0060.00
BWEB: 1.94
^GSPC: 2.00

The current Bitwise Web3 ETF Sharpe ratio is 0.58. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Bitwise Web3 ETF with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.58
0.49
BWEB (Bitwise Web3 ETF)
Benchmark (^GSPC)

Dividends

Dividend History


Bitwise Web3 ETF doesn't pay dividends

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.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-17.93%
-8.79%
BWEB (Bitwise Web3 ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Bitwise Web3 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 Web3 ETF was 33.74%, occurring on Apr 8, 2025. The portfolio has not yet recovered.

The current Bitwise Web3 ETF drawdown is 17.93%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-33.74%Dec 9, 202482Apr 8, 2025
-25.49%Jul 20, 202371Oct 27, 202329Dec 8, 2023100
-21.92%Oct 5, 202259Dec 28, 202216Jan 23, 202375
-18.79%Feb 3, 202325Mar 10, 202350May 22, 202375
-18.53%Jul 17, 202414Aug 5, 202451Oct 16, 202465

Volatility

Volatility Chart

The current Bitwise Web3 ETF volatility is 19.28%, 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.


0.00%5.00%10.00%15.00%20.00%December2025FebruaryMarchAprilMay
19.28%
14.11%
BWEB (Bitwise Web3 ETF)
Benchmark (^GSPC)