DECO vs. WGMI

Last updated Jul 16, 2026

DECO (State Street Galaxy Digital Asset Ecosystem ETF) and WGMI (CoinShares Bitcoin Miners ETF) are both exchange-traded funds - DECO is a Blockchain fund actively managed by State Street, while WGMI is a Cryptocurrency fund actively managed by CoinShares. Both are actively managed. Over the past year, DECO returned 108.05% vs 111.58% for WGMI. Their correlation of 0.92 suggests significant overlap in exposure. DECO charges 0.65%/yr vs 0.75%/yr for WGMI.

Performance

DECO vs. WGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Galaxy Digital Asset Ecosystem ETF (DECO) and CoinShares Bitcoin Miners ETF (WGMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DECO achieves a 68.66% return, which is significantly higher than WGMI's 38.49% return.

DECO

• 1D: 0.36%
• 1M: -5.00%
• 6M: 43.76%
• YTD: 68.66%
• 1Y: 108.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WGMI

• 1D: 1.47%
• 1M: -23.20%
• 6M: 8.30%
• YTD: 38.49%
• 1Y: 111.58%
• 3Y*: 44.13%
• 5Y*: —
• 10Y*: —

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

DECO vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DECO State Street Galaxy Digital Asset Ecosystem ETF	68.66%	42.48%	31.48%
WGMI CoinShares Bitcoin Miners ETF	38.49%	72.47%	36.92%

Correlation

The correlation between DECO and WGMI is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (All Time) Calculated using the full available price history since Sep 10, 2024	0.92

The correlation between DECO and WGMI has been stable across timeframes, ranging from 0.89 to 0.92 - a consistent structural relationship.

DECO vs. WGMI - Sectors Allocation Comparison

Sectors	DECO	WGMI
Technology	55.3%	45.2%
Financial Services	39.5%	50.9%
Industrials	5.2%	0.5%
Basic Materials	1.8%	-
Communication Services	-	1.4%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	2.0%

Return for Risk

DECO vs. WGMI — Risk / Return Rank

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

DECO

DECO Risk / Return Rank: 83
DECO Sharpe Ratio Rank: 91
DECO Sortino Ratio Rank: 82
DECO Omega Ratio Rank: 77
DECO Calmar Ratio Rank: 89
DECO Martin Ratio Rank: 77

WGMI

WGMI Risk / Return Rank: 47
WGMI Sharpe Ratio Rank: 52
WGMI Sortino Ratio Rank: 50
WGMI Omega Ratio Rank: 45
WGMI Calmar Ratio Rank: 54
WGMI Martin Ratio Rank: 35

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.

DECO vs. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Galaxy Digital Asset Ecosystem ETF (DECO) and CoinShares Bitcoin Miners ETF (WGMI). 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.

	DECO	WGMI	Difference
Sharpe ratio: Return per unit of total volatility	2.48	1.45	+1.03
Sortino ratio: Return per unit of downside risk	2.93	2.05	+0.88
Omega ratio: Gain probability vs. loss probability	1.36	1.24	+0.12
Calmar ratio: Return relative to maximum drawdown	4.25	2.20	+2.04
Martin ratio: Return relative to average drawdown	11.67	4.37	+7.30

DECO vs. WGMI - Sharpe Ratio Comparison

The current DECO Sharpe Ratio is 2.48, which is higher than the WGMI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of DECO and WGMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DECO vs. WGMI - Drawdown Comparison

The maximum DECO drawdown since its inception was -47.71%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for DECO and WGMI.

Drawdown Indicators

	DECO	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-47.71%	-85.76%	+38.05%
Max Drawdown (1Y) Largest decline over 1 year	-25.60%	-50.94%	+25.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-7.60%	-26.49%	+18.89%
Average Drawdown Average peak-to-trough decline	-11.25%	-42.12%	+30.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.29%	25.62%	-16.33%

Volatility

DECO vs. WGMI - Volatility Comparison

The current volatility for State Street Galaxy Digital Asset Ecosystem ETF (DECO) is 8.70%, while CoinShares Bitcoin Miners ETF (WGMI) has a volatility of 20.44%. This indicates that DECO experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DECO	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.70%	20.44%	-11.74%
Volatility (6M) Calculated over the trailing 6-month period	33.29%	55.79%	-22.50%
Volatility (1Y) Calculated over the trailing 1-year period	43.89%	77.46%	-33.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.81%	81.47%	-30.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.81%	81.47%	-30.66%

DECO vs. WGMI - Expense Ratio Comparison

DECO has a 0.65% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

DECO vs. WGMI - Dividend Comparison

DECO's dividend yield for the trailing twelve months is around 0.69%, while WGMI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.69%	1.16%	1.73%	0.00%
WGMI CoinShares Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both DECO and WGMI in my portfolio?

DECO and WGMI have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DECO or WGMI?

WGMI has higher volatility (20.44%) compared to DECO (8.70%). In terms of maximum drawdown, DECO dropped -47.71% vs WGMI's -85.76%.

Which ETF is better, DECO or WGMI?

On 1-year performance, WGMI leads with 111.58% vs 108.05% for DECO. On fees, DECO is cheaper at 0.65% per year. On volatility, DECO has been the lower-risk option at 8.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DECO or WGMI?

Over the 1-year period, WGMI has performed better with a 111.58% return vs 108.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DECO or WGMI?

DECO is cheaper with a 0.65% expense ratio, compared with 0.75% for WGMI.

Which ETF pays a higher dividend yield, DECO or WGMI?

DECO has the higher dividend yield at 0.69%, compared with 0.00% for WGMI.

What is the main difference between DECO and WGMI?

DECO is categorized as Blockchain, while WGMI is Cryptocurrency. They also come from different issuers: State Street and CoinShares. Their fees differ too: 0.65% for DECO and 0.75% for WGMI.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (2.48 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.