CoinShares Bitcoin Miners ETF (WGMI) 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 WGMI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to WGMI
WGMI charges 0.75% annually. There are 63 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% | 392.19M | Apr 2026 | WGMI vs MSBT | |
| Grayscale Bitcoin Mini Trust ETF | 0.15% | 3.71B | Jul 2024 | WGMI vs BTC | |
| Grayscale Ethereum Staking Mini ETF | 0.15% | 1.57B | Jul 2024 | WGMI vs ETH | |
| Franklin Bitcoin ETF | 0.19% | 354.69M | Jan 2024 | WGMI vs EZBC | |
| Franklin Crypto Index ETF | 0.19% | 14.11M | Feb 2025 | WGMI vs EZPZ |
Best Risk-Adjusted Alternatives to WGMI
WGMI has a PortfoliosLab risk / return rank of 47. There are 2 ETFs in the Cryptocurrency category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Grayscale Zcash Trust (ZEC) | 96 | — | Oct 2017 | WGMI vs ZCSH | |
| ProShares Short Bitcoin ETF | 48 | 129.73M | Jun 2022 | WGMI vs BITI | |
| ProShares UltraShort Bitcoin ETF | 43 | 176.54M | Apr 2024 | WGMI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 39 | — | Jul 2024 | WGMI vs BTCZ | |
| REX Crypto Equity Premium Income ETF | 28 | 111.94M | Dec 2024 | WGMI vs CEPI |
Top Performing WGMI Alternatives (YTD)
WGMI is at 37.84% YTD. No ETFs in the Cryptocurrency category have higher YTD returns; the top-performing alternatives shown here go as high as 33.66%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares UltraShort Bitcoin ETF | 33.66% | 176.54M | Apr 2024 | WGMI vs SBIT | |
| T-Rex 2X Inverse Bitcoin Daily Target ETF | 29.69% | — | Jul 2024 | WGMI vs BTCZ | |
| ProShares Short Ether Strategy ETF | 28.99% | 16.03M | Nov 2023 | WGMI vs SETH | |
| ProShares UltraShort Ether ETF | 28.16% | 60.61M | Jun 2024 | WGMI vs ETHD | |
| ProShares Short Bitcoin ETF | 24.60% | 129.73M | Jun 2022 | WGMI vs BITI |
Lowest Volatility Alternatives to WGMI
WGMI has 83.08% 1-year volatility. There are 116 ETFs in the Cryptocurrency category with lower 1-year volatility, going as low as 1.95%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Calamos Bitcoin Structured Alt Protection ETF - Oc... | 1.95% | — | Oct 2025 | WGMI vs CBOO | |
| Calamos Laddered Bitcoin 90 Series Structured Alt ... | 3.64% | — | Oct 2025 | WGMI vs CBOL | |
| Calamos Bitcoin 90 Series Structured Alt Protectio... | 6.46% | — | Oct 2025 | WGMI vs CBXO | |
| Calamos Bitcoin 80 Series Structured Alt Protectio... | 11.51% | — | Oct 2025 | WGMI vs CBTO | |
| FT Vest Bitcoin Strategy Floor15 ETF - October | 11.66% | 7.65M | Sep 2025 | WGMI vs BFOC |
Lowest Drawdown Alternatives to WGMI
WGMI has a 1-year max drawdown of -50.94%. There are 20 ETFs in the Cryptocurrency category with shallower 1-year drawdowns, going as shallow as -14.02%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Horizon Kinetics Blockchain Development ETF | -14.02% | 23.25M | Aug 2022 | WGMI vs BCDF | |
| FT Vest Bitcoin Strategy Floor15 ETF - July | -21.27% | 3.44M | Jun 2025 | WGMI vs BFJL | |
| REX Crypto Equity Premium Income ETF | -22.47% | 111.94M | Dec 2024 | WGMI vs CEPI | |
| ProShares Short Bitcoin ETF | -25.28% | 129.73M | Jun 2022 | WGMI vs BITI | |
| Global X Bitcoin Trend Strategy ETF | -25.73% | 735.02K | Mar 2024 | WGMI vs BTRN |
Other ETFs from CoinShares
The 3 most viewed CoinShares ETFs shown here include BRRR, BTF, DIME and span 1 categories. AUM among these funds goes as high as $380M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| CoinShares Bitcoin ETF | Cryptocurrency | 2 | -26.81% | 380.22M | Jan 2024 | WGMI vs BRRR | |
| CoinShares Bitcoin and Ether ETF | Cryptocurrency | 3 | -32.97% | 13.01M | Oct 2021 | WGMI vs BTF | |
| CoinShares Altcoins ETF | Cryptocurrency | — | -35.18% | 1.16M | Oct 2025 | WGMI vs DIME |
Often Compared With WGMI
Investors most often compare WGMI with BITQ, BLOK, DAPP. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare WGMI with Any Fund or Stock
Compare WGMI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair WGMI with funds that move differently
CoinShares Bitcoin Miners ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to WGMI.
Explore WGMI Diversifiers