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 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BWEB vs. BTC-USD - Performance Comparison
Key characteristics
BWEB:
1.58
BTC-USD:
1.39
BWEB:
2.20
BTC-USD:
2.10
BWEB:
1.26
BTC-USD:
1.21
BWEB:
2.78
BTC-USD:
1.14
BWEB:
7.13
BTC-USD:
6.37
BWEB:
7.23%
BTC-USD:
10.73%
BWEB:
32.63%
BTC-USD:
44.08%
BWEB:
-25.49%
BTC-USD:
-93.07%
BWEB:
-4.80%
BTC-USD:
-7.80%
Returns By Period
In the year-to-date period, BWEB achieves a 9.72% return, which is significantly higher than BTC-USD's 4.76% return.
BWEB
9.72%
3.49%
50.34%
51.68%
N/A
N/A
BTC-USD
4.76%
-0.45%
74.66%
129.43%
58.68%
83.37%
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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 -25.49%, 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
The current volatility for Bitwise Web3 ETF (BWEB) is 8.92%, while Bitcoin (BTC-USD) has a volatility of 13.96%. This indicates that BWEB experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.