BWEB vs. WUGI
Compare and contrast key facts about Bitwise Web3 ETF (BWEB) and Esoterica NextG Economy ETF (WUGI).
BWEB and WUGI 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. WUGI is an actively managed fund by Esoterica. It was launched on Mar 31, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWEB or WUGI.
Key characteristics
| BWEB | WUGI | |
|---|---|---|
| YTD Return | 1.47% | 30.54% |
| 1Y Return | 36.96% | 45.88% |
| Sharpe Ratio | 1.18 | 1.64 |
| Daily Std Dev | 31.10% | 25.92% |
| Max Drawdown | -25.49% | -56.41% |
| Current Drawdown | -8.89% | -8.11% |
Correlation
The correlation between BWEB and WUGI 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. WUGI - Performance Comparison
In the year-to-date period, BWEB achieves a 1.47% return, which is significantly lower than WUGI's 30.54% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BWEB vs. WUGI - Expense Ratio Comparison
BWEB has a 0.85% expense ratio, which is higher than WUGI's 0.75% expense ratio.
Risk-Adjusted Performance
BWEB vs. WUGI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Web3 ETF (BWEB) and Esoterica NextG Economy ETF (WUGI). 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. WUGI - Dividend Comparison
Neither BWEB nor WUGI has paid dividends to shareholders.
Drawdowns
BWEB vs. WUGI - Drawdown Comparison
The maximum BWEB drawdown since its inception was -25.49%, smaller than the maximum WUGI drawdown of -56.41%. Use the drawdown chart below to compare losses from any high point for BWEB and WUGI. For additional features, visit the drawdowns tool.
Volatility
BWEB vs. WUGI - Volatility Comparison
The current volatility for Bitwise Web3 ETF (BWEB) is 8.07%, while Esoterica NextG Economy ETF (WUGI) has a volatility of 9.32%. This indicates that BWEB experiences smaller price fluctuations and is considered to be less risky than WUGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.