Correlation
The correlation between BWEB and BITW is 0.33, 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.
BWEB vs. BITW
Compare and contrast key facts about Bitwise Web3 ETF (BWEB) and Bitwise 10 Crypto Index Fund (BITW).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWEB or BITW.
Performance
BWEB vs. BITW - Performance Comparison
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Key characteristics
BWEB:
1.01
BITW:
1.24
BWEB:
1.54
BITW:
1.72
BWEB:
1.19
BITW:
1.20
BWEB:
1.11
BITW:
0.71
BWEB:
3.21
BITW:
3.20
BWEB:
11.65%
BITW:
17.84%
BWEB:
37.82%
BITW:
54.85%
BWEB:
-33.74%
BITW:
-96.46%
BWEB:
-7.60%
BITW:
-56.75%
Returns By Period
In the year-to-date period, BWEB achieves a 6.50% return, which is significantly higher than BITW's -0.37% return.
BWEB
6.50%
13.57%
0.43%
37.82%
N/A
N/A
N/A
BITW
-0.37%
7.31%
-1.11%
67.48%
55.99%
N/A
N/A
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Risk-Adjusted Performance
BWEB vs. BITW — Risk-Adjusted Performance Rank
BWEB
BITW
BWEB vs. BITW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Web3 ETF (BWEB) and Bitwise 10 Crypto Index Fund (BITW). 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.
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Dividends
BWEB vs. BITW - Dividend Comparison
Neither BWEB nor BITW has paid dividends to shareholders.
Drawdowns
BWEB vs. BITW - Drawdown Comparison
The maximum BWEB drawdown since its inception was -33.74%, smaller than the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for BWEB and BITW.
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Volatility
BWEB vs. BITW - Volatility Comparison
The current volatility for Bitwise Web3 ETF (BWEB) is 8.57%, while Bitwise 10 Crypto Index Fund (BITW) has a volatility of 11.98%. This indicates that BWEB experiences smaller price fluctuations and is considered to be less risky than BITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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