BSOL vs. BWOW

Last updated Jul 17, 2026

BSOL (Bitwise Solana Staking ETF) and BWOW (Bitwise Dogecoin ETF) are both Cryptocurrency funds from Bitwise - BSOL tracks the Solana (SOL) spot price while BWOW tracks the DOGE/USD Exchange Rate - Benchmark Price Return. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. BSOL charges 0.20%/yr vs 0.34%/yr for BWOW.

Performance

BSOL vs. BWOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Solana Staking ETF (BSOL) and Bitwise Dogecoin ETF (BWOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BSOL having a -37.20% return and BWOW slightly lower at -37.64%.

BSOL

• 1D: -1.90%
• 1M: 3.00%
• 6M: -44.95%
• YTD: -37.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BWOW

• 1D: -0.94%
• 1M: -16.13%
• 6M: -47.62%
• YTD: -37.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSOL vs. BWOW - Yearly Performance Comparison

	2026 (YTD)	2025
BSOL Bitwise Solana Staking ETF	-37.20%	-9.39%
BWOW Bitwise Dogecoin ETF	-37.64%	-22.26%

Correlation

The correlation between BSOL and BWOW is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.82

Return for Risk

BSOL vs. BWOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Solana Staking ETF (BSOL) and Bitwise Dogecoin ETF (BWOW). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BSOL vs. BWOW - Drawdown Comparison

The maximum BSOL drawdown since its inception was -67.62%, which is greater than BWOW's maximum drawdown of -53.87%. Use the drawdown chart below to compare losses from any high point for BSOL and BWOW.

Drawdown Indicators

	BSOL	BWOW	Difference
Max Drawdown Largest peak-to-trough decline	-67.62%	-53.87%	-13.75%
Current Drawdown Current decline from peak	-61.13%	-53.00%	-8.13%
Average Drawdown Average peak-to-trough decline	-48.21%	-32.40%	-15.81%

Volatility

Volatility by Period

	BSOL	BWOW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	75.33%	70.56%	+4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.33%	70.56%	+4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.33%	70.56%	+4.77%

BSOL vs. BWOW - Expense Ratio Comparison

BSOL has a 0.20% expense ratio, which is lower than BWOW's 0.34% expense ratio.

Dividends

BSOL vs. BWOW - Dividend Comparison

Neither BSOL nor BWOW has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BSOL and BWOW in my portfolio?

BSOL and BWOW have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSOL or BWOW?

On fees, BSOL is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSOL or BWOW?

BSOL is cheaper with a 0.20% expense ratio, compared with 0.34% for BWOW.

Which ETF pays a higher dividend yield, BSOL or BWOW?

BSOL and BWOW have nearly identical dividend yields, around 0.00%.

What is the main difference between BSOL and BWOW?

BSOL tracks Solana (SOL) spot price, while BWOW tracks DOGE/USD Exchange Rate - Benchmark Price Return. Their fees differ too: 0.20% for BSOL and 0.34% for BWOW.