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.
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
Key characteristics
BWEB:
0.75
WUGI:
0.70
BWEB:
1.25
WUGI:
1.15
BWEB:
1.16
WUGI:
1.15
BWEB:
0.84
WUGI:
0.81
BWEB:
2.51
WUGI:
2.58
BWEB:
11.30%
WUGI:
8.64%
BWEB:
37.77%
WUGI:
31.67%
BWEB:
-33.74%
WUGI:
-56.41%
BWEB:
-16.61%
WUGI:
-11.65%
Returns By Period
In the year-to-date period, BWEB achieves a -3.88% return, which is significantly lower than WUGI's -3.50% return.
BWEB
-3.88%
5.74%
10.94%
25.28%
N/A
N/A
WUGI
-3.50%
4.19%
1.04%
22.14%
20.75%
N/A
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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 Rank
BWEB
WUGI
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
BWEB has not paid dividends to shareholders, while WUGI's dividend yield for the trailing twelve months is around 4.24%.
| TTM | 2024 | |
|---|---|---|
BWEB Bitwise Web3 ETF | 0.00% | 0.00% |
WUGI Esoterica NextG Economy ETF | 4.24% | 4.09% |
Drawdowns
BWEB vs. WUGI - Drawdown Comparison
The maximum BWEB drawdown since its inception was -33.74%, 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
Bitwise Web3 ETF (BWEB) and Esoterica NextG Economy ETF (WUGI) have volatilities of 19.24% and 18.75%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.