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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.
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Returns By Period
Bitwise Web3 ETF (BWEB) has returned -10.27% so far this year and 31.51% over the past 12 months.
Bitwise Web3 ETF
- 1D
- 5.42%
- 1M
- -3.73%
- YTD
- -10.27%
- 6M
- -21.88%
- 1Y
- 31.51%
- 3Y*
- 29.00%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Oct 4, 2022, BWEB's average daily return is +0.12%, while the average monthly return is +2.57%. At this rate, your investment would double in approximately 2.3 years.
Historically, 55% of months were positive and 45% were negative. The best month was Jan 2023 with a return of +25.0%, while the worst month was Mar 2025 at -13.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BWEB closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +13.1%, while the worst single day was Apr 3, 2025 at -7.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.69% | -5.19% | -3.73% | -10.27% | |||||||||
| 2025 | 9.35% | -7.48% | -13.93% | 6.48% | 15.17% | 13.56% | 8.00% | 1.01% | 10.81% | 4.06% | -11.77% | -5.17% | 27.61% |
| 2024 | -8.46% | 15.71% | 2.40% | -12.04% | 1.41% | 5.47% | -0.67% | 0.57% | 4.93% | 3.39% | 23.12% | -6.45% | 27.37% |
| 2023 | 25.01% | -2.04% | 9.96% | -3.65% | 10.90% | 8.30% | 11.55% | -13.11% | -8.00% | -1.87% | 23.18% | 17.97% | 98.17% |
| 2022 | -5.26% | -1.77% | -12.07% | -18.17% |
Benchmark Metrics
Bitwise Web3 ETF has an annualized alpha of 1.54%, beta of 1.77, and R² of 0.59 versus S&P 500 Index. Calculated based on daily prices since October 05, 2022.
- This ETF captured 219.99% of S&P 500 Index gains and 180.90% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- Beta of 1.77 means this ETF moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 1.54%
- Beta
- 1.77
- R²
- 0.59
- Upside Capture
- 219.99%
- Downside Capture
- 180.90%
Expense Ratio
BWEB has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BWEB ranks 39 for risk / return — below 39% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Bitwise Web3 ETF (BWEB) and compare them to a chosen benchmark (S&P 500 Index).
| BWEB | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.84 | 0.90 | -0.06 |
Sortino ratioReturn per unit of downside risk | 1.37 | 1.39 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.21 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.40 | -0.46 |
Martin ratioReturn relative to average drawdown | 2.23 | 6.61 | -4.37 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore BWEB risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
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.
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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. Recovery took 52 trading sessions.
The current Bitwise Web3 ETF drawdown is 27.90%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.74% | Dec 9, 2024 | 82 | Apr 8, 2025 | 52 | Jun 24, 2025 | 134 |
| -31.61% | Oct 28, 2025 | 105 | Mar 30, 2026 | — | — | — |
| -25.5% | Jul 20, 2023 | 71 | Oct 27, 2023 | 29 | Dec 8, 2023 | 100 |
| -21.92% | Oct 5, 2022 | 59 | Dec 28, 2022 | 16 | Jan 23, 2023 | 75 |
| -18.79% | Feb 3, 2023 | 25 | Mar 10, 2023 | 50 | May 22, 2023 | 75 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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