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.
Correlation
The correlation between BWEB and BITW is 0.34, 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.
Performance
BWEB vs. BITW - Performance Comparison
Key characteristics
BWEB:
0.75
BITW:
1.56
BWEB:
1.25
BITW:
2.25
BWEB:
1.16
BITW:
1.26
BWEB:
0.84
BITW:
1.09
BWEB:
2.51
BITW:
5.09
BWEB:
11.30%
BITW:
17.29%
BWEB:
37.77%
BITW:
56.47%
BWEB:
-33.74%
BITW:
-96.46%
BWEB:
-16.61%
BITW:
-60.40%
Returns By Period
In the year-to-date period, BWEB achieves a -3.88% return, which is significantly higher than BITW's -8.78% return.
BWEB
-3.88%
5.74%
10.94%
25.28%
N/A
N/A
BITW
-8.78%
7.41%
47.47%
88.59%
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.
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. For additional features, visit the drawdowns tool.
Volatility
BWEB vs. BITW - Volatility Comparison
Bitwise Web3 ETF (BWEB) has a higher volatility of 19.24% compared to Bitwise 10 Crypto Index Fund (BITW) at 18.31%. This indicates that BWEB's price experiences larger fluctuations and is considered to be riskier than BITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.