BITQ vs. WGMI
Compare and contrast key facts about Bitwise Crypto Industry Innovators ETF (BITQ) and Valkyrie Bitcoin Miners ETF (WGMI).
BITQ and WGMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021. WGMI is an actively managed fund by Valkyrie. It was launched on Feb 7, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITQ or WGMI.
Correlation
The correlation between BITQ and WGMI is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITQ vs. WGMI - Performance Comparison
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Key characteristics
BITQ:
0.76
WGMI:
0.20
BITQ:
1.60
WGMI:
1.02
BITQ:
1.18
WGMI:
1.12
BITQ:
0.88
WGMI:
0.41
BITQ:
2.57
WGMI:
0.80
BITQ:
22.97%
WGMI:
31.96%
BITQ:
67.16%
WGMI:
83.46%
BITQ:
-90.32%
WGMI:
-85.76%
BITQ:
-47.63%
WGMI:
-41.70%
Returns By Period
In the year-to-date period, BITQ achieves a 0.53% return, which is significantly higher than WGMI's -18.88% return.
BITQ
0.53%
42.21%
-10.67%
50.35%
N/A
N/A
WGMI
-18.88%
51.13%
-31.39%
16.97%
N/A
N/A
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BITQ vs. WGMI - Expense Ratio Comparison
BITQ has a 0.85% expense ratio, which is higher than WGMI's 0.75% expense ratio.
Risk-Adjusted Performance
BITQ vs. WGMI — Risk-Adjusted Performance Rank
BITQ
WGMI
BITQ vs. WGMI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and Valkyrie 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.
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Dividends
BITQ vs. WGMI - Dividend Comparison
BITQ's dividend yield for the trailing twelve months is around 0.90%, more than WGMI's 0.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.90% | 0.90% | 1.51% | 0.00% | 3.12% |
WGMI Valkyrie Bitcoin Miners ETF | 0.27% | 0.22% | 0.31% | 0.00% | 0.00% |
Drawdowns
BITQ vs. WGMI - Drawdown Comparison
The maximum BITQ drawdown since its inception was -90.32%, which is greater than WGMI's maximum drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for BITQ and WGMI. For additional features, visit the drawdowns tool.
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Volatility
BITQ vs. WGMI - Volatility Comparison
The current volatility for Bitwise Crypto Industry Innovators ETF (BITQ) is 13.86%, while Valkyrie Bitcoin Miners ETF (WGMI) has a volatility of 18.96%. This indicates that BITQ experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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