IGME vs. CWII

Last updated Jul 17, 2026

IGME (Bitwise GME Option Income Strategy ETF) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. IGME charges 0.96%/yr vs 1.03%/yr for CWII.

Performance

IGME vs. CWII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise GME Option Income Strategy ETF (IGME) and REX CRWV Growth & Income ETF (CWII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGME achieves a 16.18% return, which is significantly lower than CWII's 13,199.78% return.

IGME

• 1D: -1.26%
• 1M: 3.48%
• 6M: 9.69%
• YTD: 16.18%
• 1Y: 3.60%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWII

• 1D: 0.00%
• 1M: 10,779.80%
• 6M: 10,280.81%
• YTD: 13,199.78%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IGME vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
IGME Bitwise GME Option Income Strategy ETF	16.18%	-8.42%
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%

Correlation

The correlation between IGME and CWII is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 4, 2025	0.13

Return for Risk

IGME vs. CWII — Risk / Return Rank

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

IGME

IGME Risk / Return Rank: 12
IGME Sharpe Ratio Rank: 12
IGME Sortino Ratio Rank: 12
IGME Omega Ratio Rank: 11
IGME Calmar Ratio Rank: 12
IGME Martin Ratio Rank: 11

CWII

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

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.

IGME vs. CWII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise GME Option Income Strategy ETF (IGME) and REX CRWV Growth & Income ETF (CWII). 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.

	IGME	CWII	Difference
Sharpe ratio: Return per unit of total volatility	0.13	—	—
Sortino ratio: Return per unit of downside risk	0.39	—	—
Omega ratio: Gain probability vs. loss probability	1.04	—	—
Calmar ratio: Return relative to maximum drawdown	0.14	—	—
Martin ratio: Return relative to average drawdown	0.28	—	—

Drawdowns

IGME vs. CWII - Drawdown Comparison

The maximum IGME drawdown since its inception was -26.33%, smaller than the maximum CWII drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for IGME and CWII.

Drawdown Indicators

	IGME	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-26.33%	-51.04%	+24.71%
Max Drawdown (1Y) Largest decline over 1 year	-25.70%	—	—
Current Drawdown Current decline from peak	-12.51%	0.00%	-12.51%
Average Drawdown Average peak-to-trough decline	-14.32%	-33.26%	+18.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.77%	—	—

Volatility

Volatility by Period

	IGME	CWII	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.08%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.03%	13,701.30%	-13,674.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.31%	13,701.30%	-13,666.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.31%	13,701.30%	-13,666.99%

IGME vs. CWII - Expense Ratio Comparison

IGME has a 0.96% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

IGME vs. CWII - Dividend Comparison

IGME's dividend yield for the trailing twelve months is around 88.66%, while CWII has not paid dividends to shareholders.

Position	TTM	2025
CWII REX CRWV Growth & Income ETF	123.26%	6.09%
IGME Bitwise GME Option Income Strategy ETF	88.66%	69.25%

Frequently Asked Questions

Can I hold both IGME and CWII in my portfolio?

IGME and CWII have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IGME or CWII?

On fees, IGME is cheaper at 0.96% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IGME or CWII?

IGME is cheaper with a 0.96% expense ratio, compared with 1.03% for CWII.

Which ETF pays a higher dividend yield, IGME or CWII?

CWII has the higher dividend yield at 123.26%, compared with 88.66% for IGME.

What is the main difference between IGME and CWII?

They also come from different issuers: Bitwise and REX Shares. Their fees differ too: 0.96% for IGME and 1.03% for CWII.