IMST vs. IPDP

Last updated Jun 25, 2026

IMST (Bitwise Funds Trust) and IPDP (Dividend Performers ETF) are both Derivative Income funds. Both are actively managed. IMST charges 0.99%/yr vs 1.52%/yr for IPDP.

Performance

IMST vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Funds Trust (IMST) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IMST

• 1D: -7.10%
• 1M: -31.88%
• YTD: -30.37%
• 6M: -32.59%
• 1Y: -69.40%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IPDP

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IMST vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
IMST Bitwise Funds Trust	-9.62%
IPDP Dividend Performers ETF	0.00%

Return for Risk

IMST vs. IPDP — 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: 0
IMST Sortino Ratio Rank: 0
IMST Omega Ratio Rank: 0
IMST Calmar Ratio Rank: 1
IMST Martin Ratio Rank: 2

IPDP

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. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) and Dividend Performers ETF (IPDP). 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	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	-1.19	—	—
Sortino ratio: Return per unit of downside risk	-2.30	—	—
Omega ratio: Gain probability vs. loss probability	0.75	—	—
Calmar ratio: Return relative to maximum drawdown	-0.96	—	—
Martin ratio: Return relative to average drawdown	-1.42	—	—

Drawdowns

IMST vs. IPDP - Drawdown Comparison

The maximum IMST drawdown since its inception was -72.76%, which is greater than IPDP's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for IMST and IPDP.

Drawdown Indicators

	IMST	IPDP	Difference
Max Drawdown Largest peak-to-trough decline	-72.76%	0.00%	-72.76%
Max Drawdown (1Y) Largest decline over 1 year	-72.76%	—	—
Current Drawdown Current decline from peak	-72.76%	0.00%	-72.76%
Average Drawdown Average peak-to-trough decline	-36.69%	0.00%	-36.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	48.95%	—	—

Volatility

Volatility by Period

	IMST	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	44.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.43%	0.00%	+58.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.85%	0.00%	+59.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	59.85%	0.00%	+59.85%

IMST vs. IPDP - Expense Ratio Comparison

IMST has a 0.99% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

IMST vs. IPDP - Dividend Comparison

IMST's dividend yield for the trailing twelve months is around 270.82%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025
IMST Bitwise Funds Trust	270.82%	195.93%
IPDP Dividend Performers ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IMST or IPDP?

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 IPDP?

IMST is cheaper with a 0.99% expense ratio, compared with 1.52% for IPDP.

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

IMST has the higher dividend yield at 270.82%, compared with 0.00% for IPDP.

What is the main difference between IMST and IPDP?

They also come from different issuers: Bitwise and Innovative Portfolios. Their fees differ too: 0.99% for IMST and 1.52% for IPDP.