BWEB vs. BTC-USD
Compare and contrast key facts about Bitwise Web3 ETF (BWEB) and Bitcoin (BTC-USD).
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 BTC-USD.
Correlation
The correlation between BWEB and BTC-USD is 0.31, 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. BTC-USD - Performance Comparison
Key characteristics
BWEB:
0.75
BTC-USD:
1.92
BWEB:
1.25
BTC-USD:
2.53
BWEB:
1.16
BTC-USD:
1.26
BWEB:
0.84
BTC-USD:
1.69
BWEB:
2.51
BTC-USD:
8.46
BWEB:
11.30%
BTC-USD:
11.48%
BWEB:
37.77%
BTC-USD:
42.55%
BWEB:
-33.74%
BTC-USD:
-93.07%
BWEB:
-16.61%
BTC-USD:
-9.09%
Returns By Period
In the year-to-date period, BWEB achieves a -3.88% return, which is significantly lower than BTC-USD's 3.28% return.
BWEB
-3.88%
5.74%
10.94%
25.28%
N/A
N/A
BTC-USD
3.28%
16.98%
38.87%
63.20%
61.12%
82.48%
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Risk-Adjusted Performance
BWEB vs. BTC-USD — Risk-Adjusted Performance Rank
BWEB
BTC-USD
BWEB vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Web3 ETF (BWEB) and Bitcoin (BTC-USD). 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.
Drawdowns
BWEB vs. BTC-USD - Drawdown Comparison
The maximum BWEB drawdown since its inception was -33.74%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BWEB and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BWEB vs. BTC-USD - Volatility Comparison
Bitwise Web3 ETF (BWEB) has a higher volatility of 19.11% compared to Bitcoin (BTC-USD) at 15.18%. This indicates that BWEB's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.