Bitwise Dogecoin ETF (BWOW) belongs to the Cryptocurrency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with BWOW. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to BWOW
BWOW charges 0.34% annually. There are 31 ETFs in the Cryptocurrency category with lower expense ratios, going as low as 0.14%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Morgan Stanley Bitcoin Trust | 0.14% | 368.03M | Apr 2026 | BWOW vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.60B | Jul 2024 | BWOW vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.51B | Jul 2024 | BWOW vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 331.89M | Jan 2024 | BWOW vs EZBC | |
| Franklin Solana ETF | 0.19% | 8.80M | Dec 2025 | BWOW vs SOEZ |
Best Risk-Adjusted Alternatives to BWOW
Among 75 ETFs in the Cryptocurrency category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 95.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 95 | — | Oct 2017 | BWOW vs ZCSH | |
| ProShares Short Bitcoin ETF | 52 | 115.79M | Jun 2022 | BWOW vs BITI | |
| Proshares Ultrashort Bitcoin ETF | 48 | 158.01M | Apr 2024 | BWOW vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 42 | — | Jul 2024 | BWOW vs BTCZ | |
| CoinShares Bitcoin Miners ETF | 36 | 395.17M | Feb 2022 | BWOW vs WGMI |
Top Performing BWOW Alternatives (YTD)
BWOW is at -37.64% YTD. There are 78 ETFs in the Cryptocurrency category with higher YTD returns, going as high as 34.55%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | 34.55% | 158.01M | Apr 2024 | BWOW vs SBIT | |
| ProShares UltraShort Ether ETF | 30.34% | 51.90M | Jun 2024 | BWOW vs ETHD | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 29.81% | — | Jul 2024 | BWOW vs BTCZ | |
| ProShares Short Ether Strategy ETF | 29.34% | 17.31M | Nov 2023 | BWOW vs SETH | |
| CoinShares Bitcoin Miners ETF | 25.69% | 395.17M | Feb 2022 | BWOW vs WGMI |
Lowest Volatility Alternatives to BWOW
BWOW has 70.56% 1-year volatility. There are 93 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 2.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 2.00% | — | Oct 2025 | BWOW vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.72% | — | Oct 2025 | BWOW vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.66% | — | Oct 2025 | BWOW vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.88% | — | Oct 2025 | BWOW vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.91% | 7.63M | Sep 2025 | BWOW vs BFOC |
Lowest Drawdown Alternatives to BWOW
Among 75 ETFs in the Cryptocurrency category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 22.57M | Aug 2022 | BWOW vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.45M | Jun 2025 | BWOW vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 112.35M | Dec 2024 | BWOW vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 115.79M | Jun 2022 | BWOW vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -26.03% | 1.48M | Mar 2024 | BWOW vs BTRN |
Other ETFs from Bitwise
The 10 most viewed Bitwise ETFs shown here include BITW, BITQ, BITC and span 4 categories. AUM among these funds goes as high as $634M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Bitwise 10 Crypto Index ETF | Cryptocurrency | 3 | -29.46% | 619.02M | Dec 2025 | BWOW vs BITW | |
| Bitwise Crypto Industry Innovators ETF | Blockchain, Technology Equities | 11 | 13.42% | 399.21M | May 2021 | BWOW vs BITQ | |
| Bitwise Bitcoin Strategy Optimum Roll ETF | Cryptocurrency | 2 | 0.52% | 14.58M | Mar 2023 | BWOW vs BITC | |
| Bitwise Ethereum Strategy ETF | Cryptocurrency | 4 | -15.44% | 4.28M | Sep 2023 | BWOW vs AETH | |
| Bitwise COIN Option Income Strategy ETF | Derivative Income | 2 | -20.65% | 19.02M | Apr 2025 | BWOW vs ICOI | |
| Bitwise Funds Trust | Derivative Income | 1 | -30.70% | 8.58M | Apr 2025 | BWOW vs IMST | |
| Bitwise Ethereum ETF | Cryptocurrency | 4 | -36.95% | 188.14M | Jul 2024 | BWOW vs ETHW | |
| Bitwise XRP ETF | Cryptocurrency | — | -40.25% | 310.35M | Nov 2025 | BWOW vs XRP | |
| Bitwise Bitcoin Standard Corporations ETF | Blockchain | 2 | -19.73% | 14.79M | Mar 2025 | BWOW vs OWNB | |
| Bitwise Solana Staking ETF | Cryptocurrency | — | -37.20% | 634.09M | Oct 2025 | BWOW vs BSOL |
Often Compared With BWOW
Investors most often compare BWOW with CBXJ, IETH, CLNK. These 10 comparison targets span 3 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Calamos Bitcoin 90 Series Structured Alt Protectio... | Blockchain | 1 | -11.37% | — | Feb 2025 | BWOW vs CBXJ | |
| Bitwise Ethereum Option Income Strategy ETF | Derivative Income | — | -31.08% | 520.87K | Oct 2025 | BWOW vs IETH | |
| Bitwise Chainlink ETF | Cryptocurrency | — | — | 22.76M | Jan 2026 | BWOW vs CLNK | |
| Bitwise MARA Option Income Strategy ETF | Derivative Income | 3 | 13.16% | 2.60M | Apr 2025 | BWOW vs IMRA | |
| Nicholas Crypto Income ETF | Cryptocurrency | 7 | -6.85% | 298.00M | Jun 2025 | BWOW vs BLOX | |
| Schwab Crypto Thematic ETF | Blockchain | 14 | 4.92% | 242.75M | Aug 2022 | BWOW vs STCE | |
| Global X Blockchain & Bitcoin Strategy ETF | Cryptocurrency | 7 | -11.52% | 23.97M | Nov 2021 | BWOW vs BITS | |
| Franklin Crypto Index ETF | Cryptocurrency | 2 | -29.25% | 12.68M | Feb 2025 | BWOW vs EZPZ | |
| Franklin Ethereum ETF | Cryptocurrency | 4 | -36.90% | 32.26M | Jul 2024 | BWOW vs EZET | |
| iShares Blockchain and Tech ETF | Cryptocurrency | 11 | 4.27% | 85.41M | Apr 2022 | BWOW vs IBLC |
Compare BWOW with Any Fund or Stock
Compare BWOW with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair BWOW with funds that move differently
Bitwise Dogecoin ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to BWOW.
Explore BWOW Diversifiers