BWOW vs. BSOL

Last updated Jul 17, 2026

BWOW (Bitwise Dogecoin ETF) and BSOL (Bitwise Solana Staking ETF) are both Cryptocurrency funds from Bitwise - BWOW tracks the DOGE/USD Exchange Rate - Benchmark Price Return while BSOL tracks the Solana (SOL) spot price. Both are passively managed. Their correlation of 0.82 suggests significant overlap in exposure. BWOW charges 0.34%/yr vs 0.20%/yr for BSOL.

Performance

BWOW vs. BSOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Dogecoin ETF (BWOW) and Bitwise Solana Staking ETF (BSOL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BWOW having a -37.64% return and BSOL slightly higher at -37.20%.

BWOW

• 1D: -0.94%
• 1M: -16.13%
• 6M: -47.62%
• YTD: -37.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSOL

• 1D: -1.90%
• 1M: 3.00%
• 6M: -44.95%
• YTD: -37.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BWOW vs. BSOL - Yearly Performance Comparison

	2026 (YTD)	2025
BWOW Bitwise Dogecoin ETF	-37.64%	-22.26%
BSOL Bitwise Solana Staking ETF	-37.20%	-9.39%

Correlation

The correlation between BWOW and BSOL is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025	0.82

Return for Risk

BWOW vs. BSOL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Dogecoin ETF (BWOW) and Bitwise Solana Staking ETF (BSOL). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

BWOW vs. BSOL - Drawdown Comparison

The maximum BWOW drawdown since its inception was -53.87%, smaller than the maximum BSOL drawdown of -67.62%. Use the drawdown chart below to compare losses from any high point for BWOW and BSOL.

Drawdown Indicators

	BWOW	BSOL	Difference
Max Drawdown Largest peak-to-trough decline	-53.87%	-67.62%	+13.75%
Current Drawdown Current decline from peak	-53.00%	-61.13%	+8.13%
Average Drawdown Average peak-to-trough decline	-32.40%	-48.21%	+15.81%

Volatility

Volatility by Period

	BWOW	BSOL	Difference
Volatility (1Y) Calculated over the trailing 1-year period	70.56%	75.33%	-4.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	70.56%	75.33%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	70.56%	75.33%	-4.77%

BWOW vs. BSOL - Expense Ratio Comparison

BWOW has a 0.34% expense ratio, which is higher than BSOL's 0.20% expense ratio.

Dividends

BWOW vs. BSOL - Dividend Comparison

Neither BWOW nor BSOL has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BWOW and BSOL in my portfolio?

BWOW and BSOL have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BWOW or BSOL?

On fees, BSOL is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BWOW or BSOL?

BSOL is cheaper with a 0.20% expense ratio, compared with 0.34% for BWOW.

Which ETF pays a higher dividend yield, BWOW or BSOL?

BWOW and BSOL have nearly identical dividend yields, around 0.00%.

What is the main difference between BWOW and BSOL?

BWOW tracks DOGE/USD Exchange Rate - Benchmark Price Return, while BSOL tracks Solana (SOL) spot price. Their fees differ too: 0.34% for BWOW and 0.20% for BSOL.