BWEB vs. SPY
Compare and contrast key facts about Bitwise Web3 ETF (BWEB) and SPDR S&P 500 ETF (SPY).
BWEB and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both BWEB and SPY 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 SPY.
Correlation
The correlation between BWEB and SPY is 0.73, 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. SPY - Performance Comparison
Key characteristics
BWEB:
0.75
SPY:
0.72
BWEB:
1.25
SPY:
1.13
BWEB:
1.16
SPY:
1.17
BWEB:
0.84
SPY:
0.76
BWEB:
2.51
SPY:
3.04
BWEB:
11.30%
SPY:
4.72%
BWEB:
37.77%
SPY:
20.06%
BWEB:
-33.74%
SPY:
-55.19%
BWEB:
-16.61%
SPY:
-7.25%
Returns By Period
In the year-to-date period, BWEB achieves a -3.88% return, which is significantly lower than SPY's -3.01% return.
BWEB
-3.88%
5.74%
10.94%
25.28%
N/A
N/A
SPY
-3.01%
0.40%
-0.12%
13.65%
16.65%
12.45%
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BWEB vs. SPY - Expense Ratio Comparison
BWEB has a 0.85% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BWEB vs. SPY — Risk-Adjusted Performance Rank
BWEB
SPY
BWEB vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Web3 ETF (BWEB) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BWEB has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.26%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWEB Bitwise Web3 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.26% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BWEB vs. SPY - Drawdown Comparison
The maximum BWEB drawdown since its inception was -33.74%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BWEB and SPY. For additional features, visit the drawdowns tool.
Volatility
BWEB vs. SPY - Volatility Comparison
Bitwise Web3 ETF (BWEB) has a higher volatility of 19.24% compared to SPDR S&P 500 ETF (SPY) at 15.07%. This indicates that BWEB's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.