CLNK vs. ESK

Last updated Jun 4, 2026

CLNK (Bitwise Chainlink ETF) and ESK (REX-Osprey ETH + Staking ETF) are both Cryptocurrency funds. CLNK is passively managed, while ESK is actively managed. Their correlation of 0.90 suggests significant overlap in exposure. CLNK charges 0.34%/yr vs 0.75%/yr for ESK.

Performance

CLNK vs. ESK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Chainlink ETF (CLNK) and REX-Osprey ETH + Staking ETF (ESK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CLNK

• 1D: -4.18%
• 1M: -12.86%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ESK

• 1D: -6.26%
• 1M: -24.17%
• YTD: -39.23%
• 6M: -42.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLNK vs. ESK - Yearly Performance Comparison

	2026 (YTD)
CLNK Bitwise Chainlink ETF	-41.92%
ESK REX-Osprey ETH + Staking ETF	-46.57%

Correlation

The correlation between CLNK and ESK is 0.90, 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 Jan 15, 2026	0.90

Return for Risk

CLNK vs. ESK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) and REX-Osprey ETH + Staking ETF (ESK). 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.

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

Sharpe Ratios by Period

	CLNK	ESK	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-1.14	-0.99	-0.14

Drawdowns

CLNK vs. ESK - Drawdown Comparison

The maximum CLNK drawdown since its inception was -43.56%, smaller than the maximum ESK drawdown of -61.14%. Use the drawdown chart below to compare losses from any high point for CLNK and ESK.

Drawdown Indicators

	CLNK	ESK	Difference
Max Drawdown Largest peak-to-trough decline	-43.56%	-61.14%	+17.58%
Current Drawdown Current decline from peak	-41.92%	-61.14%	+19.22%
Average Drawdown Average peak-to-trough decline	-32.34%	-40.19%	+7.85%

Volatility

Volatility by Period

	CLNK	ESK	Difference
Volatility (1Y) Calculated over the trailing 1-year period	67.16%	67.24%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.16%	67.24%	-0.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.16%	67.24%	-0.08%

CLNK vs. ESK - Expense Ratio Comparison

CLNK has a 0.34% expense ratio, which is lower than ESK's 0.75% expense ratio.

Dividends

CLNK vs. ESK - Dividend Comparison

CLNK has not paid dividends to shareholders, while ESK's dividend yield for the trailing twelve months is around 0.97%.

Position	TTM	2025
CLNK Bitwise Chainlink ETF	0.00%	0.00%
ESK REX-Osprey ETH + Staking ETF	0.97%	0.30%

Frequently Asked Questions

Can I hold both CLNK and ESK in my portfolio?

CLNK and ESK have a correlation of 0.90, 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 ESK?

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 ESK?

CLNK is cheaper with a 0.34% expense ratio, compared with 0.75% for ESK.

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

ESK has the higher dividend yield at 0.97%, compared with 0.00% for CLNK.

What is the main difference between CLNK and ESK?

They also come from different issuers: Bitwise and REX Shares. Their fees differ too: 0.34% for CLNK and 0.75% for ESK.