BITQ vs. OWNB

Last updated Aug 4, 2026

BITQ (Bitwise Crypto Industry Innovators ETF) and OWNB (Bitwise Bitcoin Standard Corporations ETF) are both Blockchain funds from Bitwise - BITQ tracks the Bitwise Crypto Innovators 30 Index while OWNB tracks the Bitwise Bitcoin Standard Corporations Inde. Both are passively managed. Over the past year, BITQ returned 24.60% vs -42.72% for OWNB. Their correlation of 0.91 means they have usually moved in the same direction. Both charge a 0.85% expense ratio.

Performance

BITQ vs. OWNB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Crypto Industry Innovators ETF (BITQ) and Bitwise Bitcoin Standard Corporations ETF (OWNB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BITQ achieves a 18.16% return, which is significantly higher than OWNB's -19.79% return.

BITQ

• 1D: 3.33%
• 1M: -1.01%
• 6M: 14.26%
• YTD: 18.16%
• 1Y: 24.60%
• 3Y*: 39.21%
• 5Y*: 0.93%
• 10Y*: —
• ALL TIME*: 0.18%

OWNB

• 1D: 2.18%
• 1M: -3.73%
• 6M: -17.40%
• YTD: -19.79%
• 1Y: -42.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -15.34%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BITQ Bitwise Crypto Industry Innovators ETF	$2.37M	$2.10M	$2.97M
OWNB Bitwise Bitcoin Standard Corporations ETF	$39.86K	$39.06K	$154.61K

BITQ vs. OWNB - Yearly Performance Comparison

	2026 (YTD)	2025
BITQ Bitwise Crypto Industry Innovators ETF	18.16%	52.95%
OWNB Bitwise Bitcoin Standard Corporations ETF	-19.79%	-1.19%

Correlation

The correlation between BITQ and OWNB is 0.91, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.91
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025	0.91

The correlation between BITQ and OWNB has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.

BITQ vs. OWNB - Sectors Allocation Comparison

Sectors	BITQ	OWNB
Financial Services	77.6%	44.1%
Technology	19.2%	30.4%
Consumer Cyclical	3.1%	13.9%
Basic Materials	-	-
Communication Services	-	6.6%
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	4.9%

Return for Risk

BITQ vs. OWNB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BITQ

BITQ Risk / Return Rank: 22
BITQ Sharpe Ratio Rank: 21
BITQ Sortino Ratio Rank: 27
BITQ Omega Ratio Rank: 25
BITQ Calmar Ratio Rank: 21
BITQ Martin Ratio Rank: 19

OWNB

OWNB Risk / Return Rank: 4
OWNB Sharpe Ratio Rank: 3
OWNB Sortino Ratio Rank: 4
OWNB Omega Ratio Rank: 4
OWNB Calmar Ratio Rank: 3
OWNB Martin Ratio Rank: 4

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BITQ vs. OWNB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and Bitwise Bitcoin Standard Corporations ETF (OWNB). 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.

	BITQ	OWNB	Difference
Sharpe ratio: Return per unit of total volatility	0.42	-0.73	+1.15
Sortino ratio: Return per unit of downside risk	0.99	-0.92	+1.90
Omega ratio: Gain probability vs. loss probability	1.11	0.90	+0.21
Calmar ratio: Return relative to maximum drawdown	0.55	-0.72	+1.27
Martin ratio: Return relative to average drawdown	1.10	-1.08	+2.18

BITQ vs. OWNB - Sharpe Ratio Comparison

The current BITQ Sharpe Ratio is 0.42, which is higher than the OWNB Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of BITQ and OWNB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BITQ vs. OWNB - Drawdown Comparison

The maximum BITQ drawdown since its inception was -90.32%, which is greater than OWNB's maximum drawdown of -59.47%. Use the drawdown chart below to compare losses from any high point for BITQ and OWNB.

Drawdown Indicators

	BITQ	OWNB	Difference
Max Drawdown Largest peak-to-trough decline	-90.32%	-59.47%	-30.85%
Max Drawdown (1Y) Largest decline over 1 year	-44.99%	-59.47%	+14.48%
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	-27.36%	-54.80%	+27.44%
Average Drawdown Average peak-to-trough decline	-51.97%	-27.95%	-24.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.43%	39.44%	-17.01%

Volatility

BITQ vs. OWNB - Volatility Comparison

Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 19.86% compared to Bitwise Bitcoin Standard Corporations ETF (OWNB) at 16.07%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than OWNB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BITQ	OWNB	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.86%	16.07%	+3.79%
Volatility (6M) Calculated over the trailing 6-month period	44.31%	43.88%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	59.03%	59.12%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.26%	62.02%	+5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.15%	62.02%	+5.13%

BITQ vs. OWNB - Expense Ratio Comparison

Both BITQ and OWNB have an expense ratio of 0.85%.

Dividends

BITQ vs. OWNB - Dividend Comparison

BITQ has not paid dividends to shareholders, while OWNB's dividend yield for the trailing twelve months is around 1.09%.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
OWNB Bitwise Bitcoin Standard Corporations ETF	1.09%	0.87%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BITQ and OWNB in my portfolio?

With a correlation of 0.91, BITQ and OWNB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BITQ or OWNB?

BITQ has higher volatility (19.86%) compared to OWNB (16.07%). In terms of maximum drawdown, BITQ dropped -90.32% vs OWNB's -59.47%.

Which ETF is better, BITQ or OWNB?

On 1-year performance, BITQ leads with 24.60% vs -42.72% for OWNB. Both ETFs have the same 0.85% expense ratio. On volatility, OWNB has been the lower-risk option at 16.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BITQ or OWNB?

Over the 1-year period, BITQ has performed better with a 24.60% return vs -42.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BITQ or OWNB?

BITQ and OWNB have the same expense ratio: 0.85% per year.

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

OWNB has the higher dividend yield at 1.09%, compared with 0.00% for BITQ.

What is the main difference between BITQ and OWNB?

BITQ tracks Bitwise Crypto Innovators 30 Index, while OWNB tracks Bitwise Bitcoin Standard Corporations Inde.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (0.42 vs -0.73), 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.