Bitwise COIN Option Income Strategy ETF (ICOI)

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The chart shows the growth of an initial investment of $10,000 in Bitwise COIN Option Income 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.

Based on dividend-adjusted daily data since Apr 3, 2025, ICOI's average daily return is -0.08%, while the average monthly return is -2.05%.

Historically, 42% of months were positive and 58% were negative. The best month was Jun 2025 with a return of +17.5%, while the worst month was Nov 2025 at -20.4%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ICOI closed higher 48% of trading days. The best single day was Apr 9, 2025 with a return of +15.4%, while the worst single day was Aug 1, 2025 at -15.1%.

Bitwise COIN Option Income Strategy ETF has an annualized alpha of -44.30%, beta of 1.84, and R² of 0.39 versus S&P 500 Index. Calculated based on daily prices since April 04, 2025.

• This ETF participated in 306.35% of S&P 500 Index downside but only -17.68% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.39 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

ICOI has a high expense ratio of 0.98%, indicating above-average management fees.

The table below present risk-adjusted performance metrics for Bitwise COIN Option Income Strategy ETF (ICOI) and compare them to a chosen benchmark (S&P 500 Index).

Bitwise COIN Option Income Strategy ETF provided a 373.22% dividend yield over the last twelve months, with an annual payout of $41.39 per share.

The table displays the monthly dividend distributions for Bitwise COIN Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Bitwise COIN Option Income 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 COIN Option Income Strategy ETF was 58.10%, occurring on Feb 5, 2026. The portfolio has not yet recovered.

The current Bitwise COIN Option Income Strategy ETF drawdown is 55.07%.

The chart below shows the rolling one-month volatility.