CLNK vs. EZPZ

Last updated Jun 25, 2026

CLNK (Bitwise Chainlink ETF) and EZPZ (Franklin Crypto Index ETF) are both Cryptocurrency funds - CLNK tracks the Chainlink (LINK) spot price while EZPZ tracks the CF Institutional Digital Asset Index – US-Settlement Price. Both are passively managed. Their correlation of 0.90 suggests significant overlap in exposure. CLNK charges 0.34%/yr vs 0.19%/yr for EZPZ.

Performance

CLNK vs. EZPZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Chainlink ETF (CLNK) and Franklin Crypto Index ETF (EZPZ). 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*: —

EZPZ

• 1D: -4.26%
• 1M: -21.70%
• YTD: -34.99%
• 6M: -35.02%
• 1Y: -44.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CLNK vs. EZPZ - Yearly Performance Comparison

	2026 (YTD)
CLNK Bitwise Chainlink ETF	-48.11%
EZPZ Franklin Crypto Index ETF	-40.43%

Correlation

The correlation between CLNK and EZPZ 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 14, 2026	0.90

Return for Risk

CLNK vs. EZPZ — 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.

EZPZ

EZPZ Risk / Return Rank: 2
EZPZ Sharpe Ratio Rank: 2
EZPZ Sortino Ratio Rank: 2
EZPZ Omega Ratio Rank: 2
EZPZ Calmar Ratio Rank: 2
EZPZ Martin Ratio Rank: 2

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. EZPZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) and Franklin Crypto Index ETF (EZPZ). 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	EZPZ	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.93	—
Sortino ratio: Return per unit of downside risk	—	-1.33	—
Omega ratio: Gain probability vs. loss probability	—	0.85	—
Calmar ratio: Return relative to maximum drawdown	—	-0.79	—
Martin ratio: Return relative to average drawdown	—	-1.34	—

Drawdowns

CLNK vs. EZPZ - Drawdown Comparison

The maximum CLNK drawdown since its inception was -48.59%, smaller than the maximum EZPZ drawdown of -56.16%. Use the drawdown chart below to compare losses from any high point for CLNK and EZPZ.

Drawdown Indicators

	CLNK	EZPZ	Difference
Max Drawdown Largest peak-to-trough decline	-48.59%	-56.16%	+7.57%
Max Drawdown (1Y) Largest decline over 1 year	—	-56.16%	—
Current Drawdown Current decline from peak	-48.59%	-56.16%	+7.57%
Average Drawdown Average peak-to-trough decline	-33.55%	-22.97%	-10.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	32.93%	—

Volatility

Volatility by Period

	CLNK	EZPZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	37.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.90%	47.87%	+20.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.90%	47.93%	+19.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.90%	47.93%	+19.97%

CLNK vs. EZPZ - Expense Ratio Comparison

CLNK has a 0.34% expense ratio, which is higher than EZPZ's 0.19% expense ratio.

Dividends

CLNK vs. EZPZ - Dividend Comparison

Neither CLNK nor EZPZ has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CLNK and EZPZ in my portfolio?

With a correlation of 0.90, CLNK and EZPZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CLNK or EZPZ?

On fees, EZPZ is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CLNK or EZPZ?

EZPZ is cheaper with a 0.19% expense ratio, compared with 0.34% for CLNK.

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

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

What is the main difference between CLNK and EZPZ?

CLNK tracks Chainlink (LINK) spot price, while EZPZ tracks CF Institutional Digital Asset Index – US-Settlement Price. They also come from different issuers: Bitwise and Franklin Templeton. Their fees differ too: 0.34% for CLNK and 0.19% for EZPZ.