CLNK vs. IETH
CLNK (Bitwise Chainlink ETF) and IETH (Bitwise Ethereum Option Income Strategy ETF) are both exchange-traded funds - CLNK is a Cryptocurrency fund tracking the Chainlink (LINK) spot price, while IETH is a Derivative Income fund actively managed by Bitwise. CLNK is passively managed, while IETH is actively managed. Their correlation of 0.88 means they have usually moved in the same direction. CLNK charges 0.34%/yr vs 0.97%/yr for IETH.
Performance
CLNK vs. IETH - Performance Comparison
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Returns By Period
CLNK
- 1D
- 0.75%
- 1M
- 6.49%
- 6M
- -15.84%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
IETH
- 1D
- 0.43%
- 1M
- 7.22%
- 6M
- -14.64%
- YTD
- -32.43%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $181.62K | $161.12K | $305.78K | |
| $5.90K | $4.22K | $6.65K |
CLNK vs. IETH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CLNK Bitwise Chainlink ETF | -41.22% |
IETH Bitwise Ethereum Option Income Strategy ETF | -37.26% |
Correlation
The correlation between CLNK and IETH is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 14, 2026 | 0.88 |
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Return for Risk
CLNK vs. IETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) and Bitwise Ethereum Option Income Strategy ETF (IETH). 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.
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Drawdowns
CLNK vs. IETH - Drawdown Comparison
The maximum CLNK drawdown since its inception was -49.00%, smaller than the maximum IETH drawdown of -59.76%. Use the drawdown chart below to compare losses from any high point for CLNK and IETH.
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Drawdown Indicators
| CLNK | IETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.00% | -59.76% | +10.76% |
Current DrawdownCurrent decline from peak | -41.76% | -53.29% | +11.53% |
Average DrawdownAverage peak-to-trough decline | -35.38% | -40.45% | +5.07% |
Volatility
CLNK vs. IETH - Volatility Comparison
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Volatility by Period
| CLNK | IETH | Difference | |
|---|---|---|---|
Volatility (1Y)Calculated over the trailing 1-year period | 63.64% | 57.92% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.64% | 57.92% | +5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.64% | 57.92% | +5.72% |
CLNK vs. IETH - Expense Ratio Comparison
CLNK has a 0.34% expense ratio, which is lower than IETH's 0.97% expense ratio.
Dividends
CLNK vs. IETH - Dividend Comparison
CLNK has not paid dividends to shareholders, while IETH's dividend yield for the trailing twelve months is around 46.82%.
| Position | TTM | 2025 |
|---|---|---|
CLNK Bitwise Chainlink ETF | 0.00% | 0.00% |
IETH Bitwise Ethereum Option Income Strategy ETF | 46.82% | 18.26% |
Frequently Asked Questions
CLNK and IETH have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CLNK is cheaper with a 0.34% expense ratio, compared with 0.97% for IETH.
IETH has the higher dividend yield at 46.82%, compared with 0.00% for CLNK.
CLNK is categorized as Cryptocurrency, while IETH is Derivative Income. Their fees differ too: 0.34% for CLNK and 0.97% for IETH.
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