BESO vs. WGMI
BESO (GSR Crypto Core3 ETF) and WGMI (CoinShares Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. At a 0.36 correlation, their price movements are largely independent. BESO charges 1.00%/yr vs 0.75%/yr for WGMI.
Performance
BESO vs. WGMI - Performance Comparison
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Returns By Period
BESO
- 1D
- -0.37%
- 1M
- 14.17%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WGMI
- 1D
- -6.82%
- 1M
- -14.55%
- 6M
- 16.98%
- YTD
- 37.52%
- 1Y
- 111.45%
- 3Y*
- 50.86%
- 5Y*
- —
- 10Y*
- —
BESO vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BESO GSR Crypto Core3 ETF | -2.19% |
WGMI CoinShares Bitcoin Miners ETF | 10.85% |
Correlation
The correlation between BESO and WGMI is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 22, 2026 | 0.36 |
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Return for Risk
BESO vs. WGMI — Risk / Return Rank
BESO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WGMI
BESO vs. WGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GSR Crypto Core3 ETF (BESO) and CoinShares Bitcoin Miners ETF (WGMI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| BESO | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.24 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.20 | — |
| Martin ratioReturn relative to average drawdown | — | 4.42 | — |
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Drawdowns
BESO vs. WGMI - Drawdown Comparison
The maximum BESO drawdown since its inception was -18.08%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for BESO and WGMI.
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Drawdown Indicators
| BESO | WGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.08% | -85.76% | +67.68% |
Max Drawdown (1Y)Largest decline over 1 year | — | -50.94% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -62.79% | — |
Current DrawdownCurrent decline from peak | -5.68% | -27.00% | +21.32% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -42.21% | +32.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 25.33% | — |
Volatility
BESO vs. WGMI - Volatility Comparison
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Volatility by Period
| BESO | WGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 56.25% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.31% | 77.21% | -34.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.31% | 81.58% | -39.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.31% | 81.58% | -39.27% |
BESO vs. WGMI - Expense Ratio Comparison
BESO has a 1.00% expense ratio, which is higher than WGMI's 0.75% expense ratio.
Dividends
BESO vs. WGMI - Dividend Comparison
Neither BESO nor WGMI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BESO GSR Crypto Core3 ETF | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
BESO and WGMI have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGMI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGMI is cheaper with a 0.75% expense ratio, compared with 1.00% for BESO.
BESO and WGMI have nearly identical dividend yields, around 0.00%.
They also come from different issuers: GSR and CoinShares. Their fees differ too: 1.00% for BESO and 0.75% for WGMI.
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