BSOL vs. WGMI

Last updated Jun 4, 2026

BSOL (Bitwise Solana Staking ETF) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. BSOL is passively managed, while WGMI is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. BSOL charges 0.20%/yr vs 0.75%/yr for WGMI.

Performance

BSOL vs. WGMI - Performance Comparison

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

Returns By Period

In the year-to-date period, BSOL achieves a -40.79% return, which is significantly lower than WGMI's 84.78% return.

BSOL

• 1D: -4.71%
• 1M: -14.67%
• YTD: -40.79%
• 6M: -47.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WGMI

• 1D: -1.11%
• 1M: 40.03%
• YTD: 84.78%
• 6M: 55.52%
• 1Y: 294.61%
• 3Y*: 86.17%
• 5Y*: —
• 10Y*: —

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

BSOL vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025
BSOL Bitwise Solana Staking ETF	-40.79%	-35.81%
WGMI Valkyrie Bitcoin Miners ETF	84.78%	-35.66%

Correlation

The correlation between BSOL and WGMI is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 29, 2025	0.53

Return for Risk

BSOL vs. WGMI — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 79
WGMI Sharpe Ratio Rank: 95
WGMI Sortino Ratio Rank: 76
WGMI Omega Ratio Rank: 69
WGMI Calmar Ratio Rank: 91
WGMI Martin Ratio Rank: 64

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.

BSOL vs. WGMI - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	BSOL	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.07	0.31	-1.38

Drawdowns

BSOL vs. WGMI - Drawdown Comparison

The maximum BSOL drawdown since its inception was -62.00%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for BSOL and WGMI.

Drawdown Indicators

	BSOL	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-62.00%	-85.76%	+23.76%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-62.00%	-1.11%	-60.89%
Average Drawdown Average peak-to-trough decline	-43.66%	-42.90%	-0.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.08%	—

Volatility

Volatility by Period

	BSOL	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	75.26%	76.03%	-0.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.26%	81.53%	-6.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.26%	81.53%	-6.27%

BSOL vs. WGMI - Expense Ratio Comparison

BSOL has a 0.20% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

BSOL vs. WGMI - Dividend Comparison

Neither BSOL nor WGMI has paid dividends to shareholders.

Position	TTM	2025	2024	2023
BSOL Bitwise Solana Staking ETF	0.00%	0.00%	0.00%	0.00%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both BSOL and WGMI in my portfolio?

BSOL and WGMI have a correlation of 0.53, 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 WGMI?

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 WGMI?

BSOL is cheaper with a 0.20% expense ratio, compared with 0.75% for WGMI.

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

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

What is the main difference between BSOL and WGMI?

They also come from different issuers: Bitwise and Valkyrie. Their fees differ too: 0.20% for BSOL and 0.75% for WGMI.