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BTCW vs. BTCO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BTCW and BTCO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.4

Performance

BTCW vs. BTCO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wisdom Tree Bitcoin Fund (BTCW) and Invesco Galaxy Bitcoin ETF (BTCO). The values are adjusted to include any dividend payments, if applicable.

40.00%60.00%80.00%100.00%120.00%NovemberDecember2025FebruaryMarchApril
105.11%
104.75%
BTCW
BTCO

Key characteristics

Sharpe Ratio

BTCW:

0.79

BTCO:

0.80

Sortino Ratio

BTCW:

1.42

BTCO:

1.43

Omega Ratio

BTCW:

1.17

BTCO:

1.17

Calmar Ratio

BTCW:

1.52

BTCO:

1.54

Martin Ratio

BTCW:

3.37

BTCO:

3.40

Ulcer Index

BTCW:

12.81%

BTCO:

12.70%

Daily Std Dev

BTCW:

54.56%

BTCO:

53.85%

Max Drawdown

BTCW:

-28.33%

BTCO:

-28.03%

Current Drawdown

BTCW:

-10.80%

BTCO:

-10.49%

Returns By Period

In the year-to-date period, BTCW achieves a 2.55% return, which is significantly higher than BTCO's 2.10% return.


BTCW

YTD

2.55%

1M

10.35%

6M

42.59%

1Y

47.22%

5Y*

N/A

10Y*

N/A

BTCO

YTD

2.10%

1M

10.27%

6M

42.73%

1Y

47.14%

5Y*

N/A

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BTCW vs. BTCO - Expense Ratio Comparison

BTCW has a 0.30% expense ratio, which is lower than BTCO's 0.39% expense ratio.


Expense ratio chart for BTCO: current value is 0.39%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BTCO: 0.39%
Expense ratio chart for BTCW: current value is 0.30%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
BTCW: 0.30%

Risk-Adjusted Performance

BTCW vs. BTCO — Risk-Adjusted Performance Rank

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

BTCW
The Risk-Adjusted Performance Rank of BTCW is 7878
Overall Rank
The Sharpe Ratio Rank of BTCW is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCW is 7979
Sortino Ratio Rank
The Omega Ratio Rank of BTCW is 7373
Omega Ratio Rank
The Calmar Ratio Rank of BTCW is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BTCW is 7676
Martin Ratio Rank

BTCO
The Risk-Adjusted Performance Rank of BTCO is 7878
Overall Rank
The Sharpe Ratio Rank of BTCO is 7474
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCO is 7979
Sortino Ratio Rank
The Omega Ratio Rank of BTCO is 7373
Omega Ratio Rank
The Calmar Ratio Rank of BTCO is 9090
Calmar Ratio Rank
The Martin Ratio Rank of BTCO is 7676
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BTCW vs. BTCO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) and Invesco Galaxy Bitcoin ETF (BTCO). 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.


The chart of Sharpe ratio for BTCW, currently valued at 0.79, compared to the broader market-1.000.001.002.003.004.00
BTCW: 0.79
BTCO: 0.80
The chart of Sortino ratio for BTCW, currently valued at 1.42, compared to the broader market-2.000.002.004.006.008.00
BTCW: 1.42
BTCO: 1.43
The chart of Omega ratio for BTCW, currently valued at 1.17, compared to the broader market0.501.001.502.00
BTCW: 1.17
BTCO: 1.17
The chart of Calmar ratio for BTCW, currently valued at 1.52, compared to the broader market0.002.004.006.008.0010.0012.00
BTCW: 1.52
BTCO: 1.54
The chart of Martin ratio for BTCW, currently valued at 3.37, compared to the broader market0.0020.0040.0060.00
BTCW: 3.37
BTCO: 3.40

The current BTCW Sharpe Ratio is 0.79, which is comparable to the BTCO Sharpe Ratio of 0.80. The chart below compares the historical Sharpe Ratios of BTCW and BTCO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.00Jan 19Jan 26Feb 02Feb 09Feb 16Feb 23Mar 02Mar 09Mar 16Mar 23Mar 30Apr 06Apr 13Apr 20
0.79
0.80
BTCW
BTCO

Dividends

BTCW vs. BTCO - Dividend Comparison

Neither BTCW nor BTCO has paid dividends to shareholders.


Tickers have no history of dividend payments

Drawdowns

BTCW vs. BTCO - Drawdown Comparison

The maximum BTCW drawdown since its inception was -28.33%, roughly equal to the maximum BTCO drawdown of -28.03%. Use the drawdown chart below to compare losses from any high point for BTCW and BTCO. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.80%
-10.49%
BTCW
BTCO

Volatility

BTCW vs. BTCO - Volatility Comparison

Wisdom Tree Bitcoin Fund (BTCW) and Invesco Galaxy Bitcoin ETF (BTCO) have volatilities of 16.65% and 16.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%NovemberDecember2025FebruaryMarchApril
16.65%
16.17%
BTCW
BTCO