BITQ vs. AIS

Last updated Jun 5, 2026

BITQ (Bitwise Crypto Industry Innovators ETF) and AIS (VistaShares Artificial Intelligence Supercycle ETF) are both Technology Equities funds. BITQ is passively managed, while AIS is actively managed. Over the past year, BITQ returned 53.75% vs 213.72% for AIS. A 0.64 correlation means they provide meaningful diversification when combined. BITQ charges 0.85%/yr vs 0.75%/yr for AIS.

Performance

BITQ vs. AIS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and VistaShares Artificial Intelligence Supercycle ETF (AIS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITQ achieves a 37.93% return, which is significantly lower than AIS's 112.47% return.

BITQ

• 1D: -1.33%
• 1M: 4.84%
• YTD: 37.93%
• 6M: 16.04%
• 1Y: 53.75%
• 3Y*: 60.76%
• 5Y*: 4.91%
• 10Y*: —

AIS

• 1D: -2.81%
• 1M: 25.92%
• YTD: 112.47%
• 6M: 116.72%
• 1Y: 213.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITQ vs. AIS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BITQ Bitwise Crypto Industry Innovators ETF	37.93%	18.00%	-16.25%
AIS VistaShares Artificial Intelligence Supercycle ETF	112.47%	58.35%	-4.92%

Correlation

The correlation between BITQ and AIS is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.64

The correlation between BITQ and AIS has been stable across timeframes, ranging from 0.57 to 0.64 - a consistent structural relationship.

BITQ vs. AIS - Sectors Allocation Comparison

Sectors	BITQ	AIS
Financial Services	67.1%	-0.0%
Technology	28.1%	84.6%
Consumer Cyclical	4.8%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	8.9%
Real Estate	-	-
Utilities	-	3.2%

Return for Risk

BITQ vs. AIS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITQ

BITQ Risk / Return Rank: 27
BITQ Sharpe Ratio Rank: 28
BITQ Sortino Ratio Rank: 30
BITQ Omega Ratio Rank: 28
BITQ Calmar Ratio Rank: 26
BITQ Martin Ratio Rank: 22

AIS

AIS Risk / Return Rank: 97
AIS Sharpe Ratio Rank: 98
AIS Sortino Ratio Rank: 96
AIS Omega Ratio Rank: 96
AIS Calmar Ratio Rank: 98
AIS Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITQ vs. AIS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and VistaShares Artificial Intelligence Supercycle ETF (AIS). 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.

	BITQ	AIS	Difference
Sharpe ratio: Return per unit of total volatility	0.97	5.96	-4.99
Sortino ratio: Return per unit of downside risk	1.57	5.55	-3.98
Omega ratio: Gain probability vs. loss probability	1.18	1.76	-0.58
Calmar ratio: Return relative to maximum drawdown	1.20	13.58	-12.38
Martin ratio: Return relative to average drawdown	2.53	44.68	-42.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BITQ vs. AIS - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 0.97, which is lower than the AIS Sharpe Ratio of 5.96. The chart below compares the historical Sharpe Ratios of BITQ and AIS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BITQ	AIS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	5.96	-4.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	3.11	-3.05

Drawdowns

BITQ vs. AIS - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, which is greater than AIS's maximum drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for BITQ and AIS.

Drawdown Indicators

	BITQ	AIS	Difference
Max Drawdown Largest peak-to-trough decline	-90.32%	-32.78%	-57.54%
Max Drawdown (1Y) Largest decline over 1 year	-44.99%	-15.84%	-29.15%
Max Drawdown (3Y) Largest decline over 3 years	-51.22%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-90.32%	—	—
Current Drawdown Current decline from peak	-15.21%	-2.81%	-12.40%
Average Drawdown Average peak-to-trough decline	-52.77%	-5.44%	-47.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.33%	4.81%	+16.52%

Volatility

BITQ vs. AIS - Volatility Comparison

The current volatility for Bitwise Crypto Industry Innovators ETF (BITQ) is 14.24%, while VistaShares Artificial Intelligence Supercycle ETF (AIS) has a volatility of 16.28%. This indicates that BITQ experiences smaller price fluctuations and is considered to be less risky than AIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITQ	AIS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.24%	16.28%	-2.04%
Volatility (6M) Calculated over the trailing 6-month period	42.58%	30.16%	+12.42%
Volatility (1Y) Calculated over the trailing 1-year period	55.93%	36.13%	+19.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.18%	38.08%	+29.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.21%	38.08%	+29.13%

BITQ vs. AIS - Expense Ratio Comparison

BITQ has a 0.85% expense ratio, which is higher than AIS's 0.75% expense ratio.

Dividends

BITQ vs. AIS - Dividend Comparison

Neither BITQ nor AIS has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
AIS VistaShares Artificial Intelligence Supercycle ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%

Frequently Asked Questions

Can I hold both BITQ and AIS in my portfolio?

BITQ and AIS have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BITQ or AIS?

AIS has higher volatility (16.28%) compared to BITQ (14.24%). In terms of maximum drawdown, BITQ dropped -90.32% vs AIS's -32.78%.

Which ETF is better, BITQ or AIS?

On 1-year performance, AIS leads with 213.72% vs 53.75% for BITQ. On fees, AIS is cheaper at 0.75% per year. On volatility, BITQ has been the lower-risk option at 14.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITQ or AIS?

Over the 1-year period, AIS has performed better with a 213.72% return vs 53.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITQ or AIS?

AIS is cheaper with a 0.75% expense ratio, compared with 0.85% for BITQ.

Which ETF pays a higher dividend yield, BITQ or AIS?

BITQ and AIS have nearly identical dividend yields, around 0.00%.

What is the main difference between BITQ and AIS?

They also come from different issuers: Exchange Traded Concepts and VistaShares. Their fees differ too: 0.85% for BITQ and 0.75% for AIS.

Which has better risk-adjusted returns?

AIS currently has the higher Sharpe Ratio (5.96 vs 0.97), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.