Bitwise Web3 ETF (BWEB)
BWEB is a passive ETF by Bitwise tracking the investment results of the Bitwise Web3 Equities Index - Benchmark TR Gross. BWEB launched on Oct 4, 2022 and has a 0.85% expense ratio.
ETF Info
| ISIN | US0917481030 |
|---|---|
| Issuer | Bitwise |
| Inception Date | Oct 4, 2022 |
| Region | Global (Broad) |
| Category | Technology Equities |
| 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 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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Popular comparisons: BWEB vs. WUGI
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.
Returns By Period
Bitwise Web3 ETF had a return of 1.47% year-to-date (YTD) and 36.96% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.47% | 18.10% |
| 1 month | -0.04% | 1.42% |
| 6 months | -2.94% | 9.39% |
| 1 year | 36.96% | 26.58% |
| 5 years (annualized) | N/A | 13.42% |
| 10 years (annualized) | N/A | 10.88% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -8.46% | 15.70% | 2.40% | -12.04% | 1.41% | 5.47% | -0.67% | 0.57% | 1.47% | ||||
| 2023 | 25.01% | -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 46, 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 Web3 ETF (BWEB) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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.
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 25.49%, occurring on Oct 27, 2023. Recovery took 29 trading sessions.
The current Bitwise Web3 ETF drawdown is 8.89%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -25.49% | 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 |
| -18.53% | Jul 17, 2024 | 14 | Aug 5, 2024 | — | — | — |
| -16.5% | Dec 28, 2023 | 14 | Jan 18, 2024 | 19 | Feb 14, 2024 | 33 |
Volatility
Volatility Chart
The current Bitwise Web3 ETF volatility is 8.29%, 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.