CLNK vs. IMST
CLNK (Bitwise Chainlink ETF) and IMST (Bitwise Funds Trust) are both exchange-traded funds - CLNK is a Cryptocurrency fund tracking the Chainlink (LINK) spot price, while IMST is a Derivative Income fund actively managed by Bitwise. CLNK is passively managed, while IMST is actively managed. A 0.75 correlation means they provide meaningful diversification when combined. CLNK charges 0.34%/yr vs 0.99%/yr for IMST.
Performance
CLNK vs. IMST - Performance Comparison
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Returns By Period
CLNK
- 1D
- -4.18%
- 1M
- -12.86%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IMST
- 1D
- -5.79%
- 1M
- -25.22%
- YTD
- -14.98%
- 6M
- -28.07%
- 1Y
- -62.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CLNK vs. IMST - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CLNK Bitwise Chainlink ETF | -41.92% |
IMST Bitwise Funds Trust | -26.38% |
Correlation
The correlation between CLNK and IMST is 0.75, 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 15, 2026 | 0.75 |
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Return for Risk
CLNK vs. IMST — Risk / Return Rank
CLNK
IMST
CLNK vs. IMST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Chainlink ETF (CLNK) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CLNK | IMST | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | -1.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -1.14 | -0.80 | -0.34 |
Drawdowns
CLNK vs. IMST - Drawdown Comparison
The maximum CLNK drawdown since its inception was -43.56%, smaller than the maximum IMST drawdown of -69.86%. Use the drawdown chart below to compare losses from any high point for CLNK and IMST.
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Drawdown Indicators
| CLNK | IMST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.56% | -69.86% | +26.30% |
Max Drawdown (1Y)Largest decline over 1 year | — | -69.86% | — |
Current DrawdownCurrent decline from peak | -41.92% | -66.74% | +24.82% |
Average DrawdownAverage peak-to-trough decline | -32.34% | -35.27% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 46.22% | — |
Volatility
CLNK vs. IMST - Volatility Comparison
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Volatility by Period
| CLNK | IMST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 14.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 44.06% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 67.16% | 56.91% | +10.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.16% | 59.73% | +7.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.16% | 59.73% | +7.43% |
CLNK vs. IMST - Expense Ratio Comparison
CLNK has a 0.34% expense ratio, which is lower than IMST's 0.99% expense ratio.
Dividends
CLNK vs. IMST - Dividend Comparison
CLNK has not paid dividends to shareholders, while IMST's dividend yield for the trailing twelve months is around 221.80%.
| Position | TTM | 2025 |
|---|---|---|
CLNK Bitwise Chainlink ETF | 0.00% | 0.00% |
IMST Bitwise Funds Trust | 221.80% | 195.93% |
Frequently Asked Questions
CLNK and IMST have a correlation of 0.75, 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 0.99% for IMST.
IMST has the higher dividend yield at 221.80%, compared with 0.00% for CLNK.
CLNK is categorized as Cryptocurrency, while IMST is Derivative Income. Their fees differ too: 0.34% for CLNK and 0.99% for IMST.
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