- Delisting Date
- Aug 3, 2026
- Issuer
- Bitwise
- Inception Date
- Jun 9, 2025
- Region
- North America (United States)
- Category
- Derivative Income
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Assets Under Management
- $1M
Share Price Chart
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Performance
IGME Performance Chart
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Returns By Period
Bitwise GME Option Income Strategy ETF (IGME) has returned 15.69% so far this year and 5.94% over the past 12 months.
Bitwise GME Option Income Strategy ETF
- 1D
- 0.02%
- 1M
- -3.05%
- 6M
- -2.33%
- YTD
- 15.69%
- 1Y
- 5.94%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -10.89%
Benchmark (S&P 500 Index)
- 1D
- -0.17%
- 1M
- 2.47%
- 6M
- 12.22%
- YTD
- 12.83%
- 1Y
- 22.61%
- 3Y*
- 19.93%
- 5Y*
- 11.73%
- 10Y*
- 13.47%
- ALL TIME*
- 8.14%
IGME Monthly Returns History
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.18% | 3.29% | -0.89% | 6.22% | -12.12% | 6.62% | -0.55% | 15.69% | |||||
| 2025 | -13.66% | -5.88% | 2.00% | 18.91% | -15.52% | -1.44% | -7.64% | -24.20% |
Benchmark Metrics
Bitwise GME Option Income Strategy ETF has an annualized alpha of -15.81%, beta of 0.58, and R2 of 0.05 versus S&P 500 Index. Calculated based on daily prices since June 10, 2025.
- This ETF tended to rise when S&P 500 Index fell (downside capture of -3.78%), but participation in market rallies was also limited (-34.01%) - a profile typical of counter-cyclical assets.
- Beta of 0.58 may look defensive, but with R2 of 0.05 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.05 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -15.81%
- Beta
- 0.58
- R²
- 0.05
- Upside Capture
- -34.01%
- Downside Capture
- -3.78%
Expense Ratio
IGME has a high expense ratio of 0.96%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IGME ranks 15 for risk / return — above 15% of ETFs peers on PortfoliosLab. Its historical combined result is below most peers; review the five component ranks for context.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Bitwise GME Option Income Strategy ETF (IGME) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IGME | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.47 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.32 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.31 | 2.50 | -2.19 |
| Martin ratioReturn relative to average drawdown | 0.61 | 10.58 | -9.97 |
Dividends
Dividend History
Bitwise GME Option Income Strategy ETF provided a 77.03% dividend yield over the last twelve months, with an annual payout of $17.58 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $17.58 | $16.16 |
Dividend yield | 77.03% | 69.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Bitwise GME Option Income Strategy ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.66 | $1.29 | $0.85 | $0.51 | $0.46 | $0.39 | $0.00 | $4.16 | |||||
| 2025 | $2.74 | $2.57 | $3.42 | $2.78 | $2.39 | $2.26 | $16.16 |
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 GME 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 GME Option Income Strategy ETF was 26.33%, occurring on Nov 20, 2025. The portfolio has not yet recovered.
The current Bitwise GME Option Income Strategy ETF drawdown is 12.88%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-26.33%Nov 2025 | 5mo 12d | — | 1y 1moJun 2025 - now | — |
Drawdown Indicators
| IGME | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.33% | -56.78% | +30.45% |
Max Drawdown (1Y)Largest decline over 1 year | -25.70% | -9.10% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -12.88% | -0.17% | -12.71% |
Average DrawdownAverage peak-to-trough decline | -14.27% | -10.69% | -3.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.95% | 2.14% | +10.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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