ESK vs. WGMI

Last updated Jun 4, 2026

ESK (REX-Osprey ETH + Staking ETF) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

ESK vs. WGMI - Performance Comparison

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

Returns By Period

In the year-to-date period, ESK achieves a -39.23% return, which is significantly lower than WGMI's 84.78% return.

ESK

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

WGMI

• 1D: -1.11%
• 1M: 40.03%
• YTD: 84.78%
• 6M: 55.52%
• 1Y: 294.61%
• 3Y*: 86.17%
• 5Y*: —
• 10Y*: —

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

ESK vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025
ESK REX-Osprey ETH + Staking ETF	-39.23%	-23.15%
WGMI Valkyrie Bitcoin Miners ETF	84.78%	-9.23%

Correlation

The correlation between ESK and WGMI is 0.58, 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 Sep 26, 2025	0.58

Return for Risk

ESK vs. WGMI — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 79
WGMI Sharpe Ratio Rank: 95
WGMI Sortino Ratio Rank: 76
WGMI Omega Ratio Rank: 69
WGMI Calmar Ratio Rank: 91
WGMI Martin Ratio Rank: 64

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.

ESK vs. WGMI - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	ESK	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.91	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.99	0.31	-1.30

Drawdowns

ESK vs. WGMI - Drawdown Comparison

The maximum ESK drawdown since its inception was -61.14%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for ESK and WGMI.

Drawdown Indicators

	ESK	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-61.14%	-85.76%	+24.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-61.14%	-1.11%	-60.03%
Average Drawdown Average peak-to-trough decline	-40.19%	-42.90%	+2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.08%	—

Volatility

Volatility by Period

	ESK	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.10%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.64%	—
Volatility (1Y) Calculated over the trailing 1-year period	67.24%	76.03%	-8.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.24%	81.53%	-14.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	67.24%	81.53%	-14.29%

ESK vs. WGMI - Expense Ratio Comparison

Both ESK and WGMI have an expense ratio of 0.75%.

Dividends

ESK vs. WGMI - Dividend Comparison

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

Position	TTM	2025	2024	2023
ESK REX-Osprey ETH + Staking ETF	0.97%	0.30%	0.00%	0.00%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both ESK and WGMI in my portfolio?

ESK and WGMI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESK or WGMI?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESK or WGMI?

ESK and WGMI have the same expense ratio: 0.75% per year.

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

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

What is the main difference between ESK and WGMI?

They also come from different issuers: REX Shares and Valkyrie.