BWEB vs. BITQ
Compare and contrast key facts about Bitwise Web3 ETF (BWEB) and Bitwise Crypto Industry Innovators ETF (BITQ).
BWEB and BITQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BWEB is a passively managed fund by Bitwise that tracks the performance of the Bitwise Web3 Equities Index - Benchmark TR Gross. It was launched on Oct 4, 2022. 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. Both BWEB and BITQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWEB or BITQ.
Correlation
The correlation between BWEB and BITQ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BWEB vs. BITQ - Performance Comparison
Key characteristics
BWEB:
1.58
BITQ:
1.48
BWEB:
2.20
BITQ:
2.23
BWEB:
1.26
BITQ:
1.25
BWEB:
2.78
BITQ:
1.37
BWEB:
7.13
BITQ:
7.07
BWEB:
7.23%
BITQ:
14.45%
BWEB:
32.63%
BITQ:
69.19%
BWEB:
-25.49%
BITQ:
-90.32%
BWEB:
-4.80%
BITQ:
-44.05%
Returns By Period
In the year-to-date period, BWEB achieves a 9.72% return, which is significantly higher than BITQ's 7.40% return.
BWEB
9.72%
3.49%
50.34%
51.68%
N/A
N/A
BITQ
7.40%
-4.83%
53.60%
119.35%
N/A
N/A
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BWEB vs. BITQ - Expense Ratio Comparison
Both BWEB and BITQ have an expense ratio of 0.85%.
Risk-Adjusted Performance
BWEB vs. BITQ — Risk-Adjusted Performance Rank
BWEB
BITQ
BWEB vs. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Web3 ETF (BWEB) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.
Dividends
BWEB vs. BITQ - Dividend Comparison
BWEB has not paid dividends to shareholders, while BITQ's dividend yield for the trailing twelve months is around 0.84%.
| TTM | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
BWEB Bitwise Web3 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.84% | 0.90% | 1.51% | 0.00% | 3.12% |
Drawdowns
BWEB vs. BITQ - Drawdown Comparison
The maximum BWEB drawdown since its inception was -25.49%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for BWEB and BITQ. For additional features, visit the drawdowns tool.
Volatility
BWEB vs. BITQ - Volatility Comparison
The current volatility for Bitwise Web3 ETF (BWEB) is 9.62%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 18.97%. This indicates that BWEB experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.