BTCW vs. DHS
Compare and contrast key facts about Wisdom Tree Bitcoin Fund (BTCW) and WisdomTree US High Dividend Fund (DHS).
BTCW and DHS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCW is managed by WisdomTree. It was launched on Jan 11, 2024. DHS is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. High Dividend Index. It was launched on Jun 16, 2006.
Performance
BTCW vs. DHS - Performance Comparison
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BTCW vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | -22.63% | -6.05% | 100.00% |
DHS WisdomTree US High Dividend Fund | 8.00% | 12.87% | 18.74% |
Returns By Period
In the year-to-date period, BTCW achieves a -22.63% return, which is significantly lower than DHS's 8.00% return.
BTCW
- 1D
- 1.95%
- 1M
- 3.22%
- YTD
- -22.63%
- 6M
- -40.87%
- 1Y
- -17.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DHS
- 1D
- 0.91%
- 1M
- -2.77%
- YTD
- 8.00%
- 6M
- 10.21%
- 1Y
- 14.07%
- 3Y*
- 14.13%
- 5Y*
- 11.42%
- 10Y*
- 9.56%
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BTCW vs. DHS - Expense Ratio Comparison
BTCW has a 0.30% expense ratio, which is lower than DHS's 0.38% expense ratio.
Return for Risk
BTCW vs. DHS — Risk / Return Rank
BTCW
DHS
BTCW vs. DHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Wisdom Tree Bitcoin Fund (BTCW) and WisdomTree US High Dividend Fund (DHS). 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.
| BTCW | DHS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.40 | 1.06 | -1.46 |
Sortino ratioReturn per unit of downside risk | -0.29 | 1.49 | -1.78 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.21 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | -0.39 | 1.34 | -1.73 |
Martin ratioReturn relative to average drawdown | -0.83 | 5.00 | -5.83 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCW | DHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | 1.06 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.40 | -0.04 |
Correlation
The correlation between BTCW and DHS is 0.21, 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.
Dividends
BTCW vs. DHS - Dividend Comparison
BTCW has not paid dividends to shareholders, while DHS's dividend yield for the trailing twelve months is around 3.23%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCW Wisdom Tree Bitcoin Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DHS WisdomTree US High Dividend Fund | 3.23% | 3.32% | 3.66% | 4.31% | 3.42% | 3.29% | 4.14% | 3.69% | 3.76% | 3.00% | 3.25% | 3.53% |
Drawdowns
BTCW vs. DHS - Drawdown Comparison
The maximum BTCW drawdown since its inception was -49.29%, smaller than the maximum DHS drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for BTCW and DHS.
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Drawdown Indicators
| BTCW | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.29% | -67.25% | +17.96% |
Max Drawdown (1Y)Largest decline over 1 year | -49.29% | -10.84% | -38.45% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.28% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.35% | — |
Current DrawdownCurrent decline from peak | -46.07% | -3.23% | -42.84% |
Average DrawdownAverage peak-to-trough decline | -14.10% | -9.62% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.05% | 3.10% | +19.95% |
Volatility
BTCW vs. DHS - Volatility Comparison
Wisdom Tree Bitcoin Fund (BTCW) has a higher volatility of 12.86% compared to WisdomTree US High Dividend Fund (DHS) at 3.13%. This indicates that BTCW's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCW | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.86% | 3.13% | +9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 36.57% | 7.12% | +29.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.28% | 13.35% | +31.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.17% | 13.87% | +37.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.17% | 16.06% | +35.11% |