CLNK vs. BITQ

Last updated Jun 25, 2026

CLNK (Bitwise Chainlink ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - CLNK is a Cryptocurrency fund tracking the Chainlink (LINK) spot price, while BITQ is a Blockchain fund tracking the Bitwise Crypto Innovators 30 Index. Both are passively managed. A 0.73 correlation means they provide meaningful diversification when combined. CLNK charges 0.34%/yr vs 0.85%/yr for BITQ.

Performance

CLNK vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Chainlink ETF (CLNK) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLNK

• 1D: -4.08%
• 1M: -23.55%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITQ

• 1D: -4.96%
• 1M: -4.92%
• YTD: 27.95%
• 6M: 19.10%
• 1Y: 37.47%
• 3Y*: 50.46%
• 5Y*: 4.04%
• 10Y*: —

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

CLNK vs. BITQ - Yearly Performance Comparison

	2026 (YTD)
CLNK Bitwise Chainlink ETF	-48.11%
BITQ Bitwise Crypto Industry Innovators ETF	8.14%

Correlation

The correlation between CLNK and BITQ is 0.73, 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 Jan 14, 2026	0.73

Return for Risk

CLNK vs. BITQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CLNK

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

BITQ

BITQ Risk / Return Rank: 21
BITQ Sharpe Ratio Rank: 21
BITQ Sortino Ratio Rank: 24
BITQ Omega Ratio Rank: 22
BITQ Calmar Ratio Rank: 20
BITQ Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CLNK vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.

	CLNK	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	—	0.66	—
Sortino ratio: Return per unit of downside risk	—	1.24	—
Omega ratio: Gain probability vs. loss probability	—	1.15	—
Calmar ratio: Return relative to maximum drawdown	—	0.84	—
Martin ratio: Return relative to average drawdown	—	1.75	—

Drawdowns

CLNK vs. BITQ - Drawdown Comparison

The maximum CLNK drawdown since its inception was -48.59%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for CLNK and BITQ.

Drawdown Indicators

	CLNK	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-48.59%	-90.32%	+41.73%
Max Drawdown (1Y) Largest decline over 1 year	—	-44.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-51.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-48.59%	-21.34%	-27.25%
Average Drawdown Average peak-to-trough decline	-33.55%	-52.50%	+18.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.52%	—

Volatility

Volatility by Period

	CLNK	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	17.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.84%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.90%	57.17%	+10.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.90%	67.34%	+0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.90%	67.25%	+0.65%

CLNK vs. BITQ - Expense Ratio Comparison

CLNK has a 0.34% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

CLNK vs. BITQ - Dividend Comparison

Neither CLNK nor BITQ has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
CLNK Bitwise Chainlink ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CLNK and BITQ in my portfolio?

CLNK and BITQ have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CLNK or BITQ?

On fees, CLNK is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLNK or BITQ?

CLNK is cheaper with a 0.34% expense ratio, compared with 0.85% for BITQ.

Which ETF pays a higher dividend yield, CLNK or BITQ?

CLNK and BITQ have nearly identical dividend yields, around 0.00%.

What is the main difference between CLNK and BITQ?

CLNK is categorized as Cryptocurrency, while BITQ is Blockchain. CLNK tracks Chainlink (LINK) spot price, while BITQ tracks Bitwise Crypto Innovators 30 Index. Their fees differ too: 0.34% for CLNK and 0.85% for BITQ.