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EZBC vs. BTCW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

EZBC vs. BTCW

Last updated May 11, 2025

Compare and contrast key facts about Franklin Bitcoin ETF (EZBC) and Wisdom Tree Bitcoin Fund (BTCW).

EZBC and BTCW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZBC is a passively managed fund by Franklin Templeton that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 11, 2024. BTCW is managed by WisdomTree. It was launched on Jan 11, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EZBC or BTCW.

Correlation

The correlation between EZBC and BTCW is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Performance

EZBC vs. BTCW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Bitcoin ETF (EZBC) and Wisdom Tree Bitcoin Fund (BTCW). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

EZBC:

1.22

BTCW:

1.21

Sortino Ratio

EZBC:

1.83

BTCW:

1.83

Omega Ratio

EZBC:

1.22

BTCW:

1.22

Calmar Ratio

EZBC:

2.25

BTCW:

2.24

Martin Ratio

EZBC:

4.96

BTCW:

4.92

Ulcer Index

EZBC:

12.77%

BTCW:

12.90%

Daily Std Dev

EZBC:

53.83%

BTCW:

54.05%

Max Drawdown

EZBC:

-28.23%

BTCW:

-28.33%

Current Drawdown

EZBC:

-3.38%

BTCW:

-3.54%

Returns By Period

The year-to-date returns for both investments are quite close, with EZBC having a 10.47% return and BTCW slightly higher at 10.91%.

EZBC

YTD

10.47%

1M

29.90%

6M

34.25%

1Y

69.89%

5Y*

N/A

10Y*

N/A

BTCW

YTD

10.91%

1M

29.99%

6M

34.08%

1Y

69.84%

5Y*

N/A

10Y*

N/A

*Annualized

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EZBC vs. BTCW - Expense Ratio Comparison

EZBC has a 0.19% expense ratio, which is lower than BTCW's 0.30% expense ratio.

BTCW
Wisdom Tree Bitcoin Fund
EZBC
Franklin Bitcoin ETF

Risk-Adjusted Performance

EZBC vs. BTCW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EZBC
The Risk-Adjusted Performance Rank of EZBC is 8888
Overall Rank
The Sharpe Ratio Rank of EZBC is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of EZBC is 8888
Sortino Ratio Rank
The Omega Ratio Rank of EZBC is 8484
Omega Ratio Rank
The Calmar Ratio Rank of EZBC is 9494
Calmar Ratio Rank
The Martin Ratio Rank of EZBC is 8585
Martin Ratio Rank
BTCW
The Risk-Adjusted Performance Rank of BTCW is 8888
Overall Rank
The Sharpe Ratio Rank of BTCW is 8787
Sharpe Ratio Rank
The Sortino Ratio Rank of BTCW is 8888
Sortino Ratio Rank
The Omega Ratio Rank of BTCW is 8484
Omega Ratio Rank
The Calmar Ratio Rank of BTCW is 9494
Calmar Ratio Rank
The Martin Ratio Rank of BTCW is 8585
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

EZBC vs. BTCW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Bitcoin ETF (EZBC) and Wisdom Tree Bitcoin Fund (BTCW). 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.

The current EZBC Sharpe Ratio is 1.22, which is comparable to the BTCW Sharpe Ratio of 1.21. The chart below compares the historical Sharpe Ratios of EZBC and BTCW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Dividends

EZBC vs. BTCW - Dividend Comparison

Neither EZBC nor BTCW has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

EZBC vs. BTCW - Drawdown Comparison

The maximum EZBC drawdown since its inception was -28.23%, roughly equal to the maximum BTCW drawdown of -28.33%. Use the drawdown chart below to compare losses from any high point for EZBC and BTCW. For additional features, visit the drawdowns tool.

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Volatility

EZBC vs. BTCW - Volatility Comparison

Franklin Bitcoin ETF (EZBC) and Wisdom Tree Bitcoin Fund (BTCW) have volatilities of 10.68% and 10.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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