BWOW vs. IMST
BWOW (Bitwise Dogecoin ETF) and IMST (Bitwise Funds Trust) are both exchange-traded funds - BWOW is a Cryptocurrency fund tracking the DOGE/USD Exchange Rate - Benchmark Price Return, while IMST is a Derivative Income fund actively managed by Bitwise. BWOW is passively managed, while IMST is actively managed. A 0.69 correlation means they provide meaningful diversification when combined. BWOW charges 0.34%/yr vs 0.99%/yr for IMST.
Performance
BWOW vs. IMST - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BWOW achieves a -33.12% return, which is significantly lower than IMST's -25.05% return.
BWOW
- 1D
- -5.22%
- 1M
- -24.37%
- YTD
- -33.12%
- 6M
- -39.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST
- 1D
- -1.74%
- 1M
- -26.67%
- YTD
- -25.05%
- 6M
- -27.13%
- 1Y
- -66.17%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BWOW vs. IMST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BWOW Bitwise Dogecoin ETF | -33.12% | -22.26% |
IMST Bitwise Funds Trust | -25.05% | -8.16% |
Correlation
The correlation between BWOW and IMST is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 26, 2025 | 0.69 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BWOW vs. IMST — Risk / Return Rank
BWOW
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IMST
BWOW vs. IMST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Dogecoin ETF (BWOW) and Bitwise Funds Trust (IMST). 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.
| BWOW | IMST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.77 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.94 | — |
| Martin ratioReturn relative to average drawdown | — | -1.36 | — |
Loading charts...
Drawdowns
BWOW vs. IMST - Drawdown Comparison
The maximum BWOW drawdown since its inception was -49.59%, smaller than the maximum IMST drawdown of -70.68%. Use the drawdown chart below to compare losses from any high point for BWOW and IMST.
Loading charts...
Drawdown Indicators
| BWOW | IMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.59% | -70.68% | +21.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -70.68% | — |
Current DrawdownCurrent decline from peak | -49.59% | -70.68% | +21.09% |
Average DrawdownAverage peak-to-trough decline | -30.13% | -36.57% | +6.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 48.73% | — |
Volatility
BWOW vs. IMST - Volatility Comparison
Loading charts...
Volatility by Period
| BWOW | IMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 17.47% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.16% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 73.06% | 58.04% | +15.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.06% | 59.62% | +13.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.06% | 59.62% | +13.44% |
BWOW vs. IMST - Expense Ratio Comparison
BWOW has a 0.34% expense ratio, which is lower than IMST's 0.99% expense ratio.
Dividends
BWOW vs. IMST - Dividend Comparison
BWOW has not paid dividends to shareholders, while IMST's dividend yield for the trailing twelve months is around 251.60%.
| Position | TTM | 2025 |
|---|---|---|
BWOW Bitwise Dogecoin ETF | 0.00% | 0.00% |
IMST Bitwise Funds Trust | 251.60% | 195.93% |
Frequently Asked Questions
BWOW and IMST have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BWOW is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BWOW is cheaper with a 0.34% expense ratio, compared with 0.99% for IMST.
IMST has the higher dividend yield at 251.60%, compared with 0.00% for BWOW.
BWOW is categorized as Cryptocurrency, while IMST is Derivative Income. Their fees differ too: 0.34% for BWOW and 0.99% for IMST.
Find the right allocation for BWOW and IMST
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer