ICOI vs. NVDA

Last updated Apr 1, 2026

Compare and contrast key facts about Bitwise COIN Option Income Strategy ETF (ICOI) and NVIDIA Corporation (NVDA).

ICOI is an actively managed fund by Bitwise. It was launched on Apr 1, 2025.

Performance

ICOI vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise COIN Option Income Strategy ETF (ICOI) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

ICOI vs. NVDA - Yearly Performance Comparison

	2026 (YTD)	2025
ICOI Bitwise COIN Option Income Strategy ETF	-21.92%	-7.98%
NVDA NVIDIA Corporation	-6.48%	83.24%

Returns By Period

In the year-to-date period, ICOI achieves a -21.92% return, which is significantly lower than NVDA's -6.48% return.

ICOI

• 1D: 5.32%
• 1M: -7.30%
• YTD: -21.92%
• 6M: -47.03%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NVDA

• 1D: 5.59%
• 1M: -1.57%
• YTD: -6.48%
• 6M: -6.52%
• 1Y: 60.95%
• 3Y*: 84.54%
• 5Y*: 66.14%
• 10Y*: 69.61%

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

Return for Risk

ICOI vs. NVDA — Risk / Return Rank

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

NVDA

NVDA Risk / Return Rank: 83
NVDA Sharpe Ratio Rank: 85
NVDA Sortino Ratio Rank: 82
NVDA Omega Ratio Rank: 80
NVDA Calmar Ratio Rank: 86
NVDA Martin Ratio Rank: 85

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.

ICOI vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise COIN Option Income Strategy ETF (ICOI) and NVIDIA Corporation (NVDA). 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

	ICOI	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.48	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.55	0.61	-1.16

Correlation

The correlation between ICOI and NVDA is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ICOI vs. NVDA - Dividend Comparison

ICOI's dividend yield for the trailing twelve months is around 373.22%, more than NVDA's 0.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ICOI Bitwise COIN Option Income Strategy ETF	373.22%	247.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.02%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Drawdowns

ICOI vs. NVDA - Drawdown Comparison

The maximum ICOI drawdown since its inception was -58.10%, smaller than the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for ICOI and NVDA.

Drawdown Indicators

	ICOI	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-58.10%	-89.72%	+31.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-20.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-66.34%	—
Current Drawdown Current decline from peak	-55.07%	-15.76%	-39.31%
Average Drawdown Average peak-to-trough decline	-23.12%	-36.40%	+13.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.99%	—

Volatility

Volatility by Period

	ICOI	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	10.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	25.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	52.11%	41.44%	+10.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.11%	51.74%	+0.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.11%	49.85%	+2.26%