IMST vs. CWII

Last updated Jun 24, 2026

IMST (Bitwise Funds Trust) and CWII (REX CRWV Growth & Income ETF) are both Derivative Income funds. Both are actively managed. At a 0.40 correlation, their price movements are largely independent. IMST charges 0.99%/yr vs 1.03%/yr for CWII.

Performance

IMST vs. CWII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Funds Trust (IMST) 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, IMST achieves a -25.05% return, which is significantly lower than CWII's 13,199.78% return.

IMST

• 1D: -1.74%
• 1M: -26.67%
• YTD: -25.05%
• 6M: -27.13%
• 1Y: -66.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

CWII

• 1D: 0.00%
• 1M: 10,273.16%
• YTD: 13,199.78%
• 6M: 11,946.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IMST vs. CWII - Yearly Performance Comparison

	2026 (YTD)	2025
IMST Bitwise Funds Trust	-25.05%	-38.20%
CWII REX CRWV Growth & Income ETF	13,199.78%	-45.06%

Correlation

The correlation between IMST and CWII is 0.40, 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	0.40

Return for Risk

IMST vs. CWII — Risk / Return Rank

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

IMST

IMST Risk / Return Rank: 1
IMST Sharpe Ratio Rank: 1
IMST Sortino Ratio Rank: 0
IMST Omega Ratio Rank: 1
IMST Calmar Ratio Rank: 1
IMST Martin Ratio Rank: 2

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.

IMST vs. CWII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) 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.

	IMST	CWII	Difference
Sharpe ratio: Return per unit of total volatility	-1.14	—	—
Sortino ratio: Return per unit of downside risk	-2.11	—	—
Omega ratio: Gain probability vs. loss probability	0.77	—	—
Calmar ratio: Return relative to maximum drawdown	-0.94	—	—
Martin ratio: Return relative to average drawdown	-1.36	—	—

Drawdowns

IMST vs. CWII - Drawdown Comparison

The maximum IMST drawdown since its inception was -70.68%, which is greater than CWII's maximum drawdown of -51.04%. Use the drawdown chart below to compare losses from any high point for IMST and CWII.

Drawdown Indicators

	IMST	CWII	Difference
Max Drawdown Largest peak-to-trough decline	-70.68%	-51.04%	-19.64%
Max Drawdown (1Y) Largest decline over 1 year	-70.68%	—	—
Current Drawdown Current decline from peak	-70.68%	0.00%	-70.68%
Average Drawdown Average peak-to-trough decline	-36.57%	-33.26%	-3.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.73%	—	—

Volatility

Volatility by Period

	IMST	CWII	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.47%	—	—
Volatility (6M) Calculated over the trailing 6-month period	44.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.04%	13,701.30%	-13,643.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.62%	13,701.30%	-13,641.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.62%	13,701.30%	-13,641.68%

IMST vs. CWII - Expense Ratio Comparison

IMST has a 0.99% expense ratio, which is lower than CWII's 1.03% expense ratio.

Dividends

IMST vs. CWII - Dividend Comparison

IMST's dividend yield for the trailing twelve months is around 251.60%, more than CWII's 123.26% yield.

Position	TTM	2025
CWII REX CRWV Growth & Income ETF	123.26%	6.09%
IMST Bitwise Funds Trust	251.60%	195.93%

Frequently Asked Questions

Can I hold both IMST and CWII in my portfolio?

IMST and CWII have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IMST or CWII?

On fees, IMST is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IMST or CWII?

IMST is cheaper with a 0.99% expense ratio, compared with 1.03% for CWII.

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

IMST has the higher dividend yield at 251.60%, compared with 123.26% for CWII.

What is the main difference between IMST and CWII?

They also come from different issuers: Bitwise and REX Shares. Their fees differ too: 0.99% for IMST and 1.03% for CWII.