IMST vs. IPDP

Last updated Apr 1, 2026

Compare and contrast key facts about Bitwise Funds Trust (IMST) and Dividend Performers ETF (IPDP).

IMST and IPDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMST is an actively managed fund by Bitwise. It was launched on Apr 1, 2025. IPDP is an actively managed fund by Innovative Portfolios. It was launched on Dec 24, 2018.

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.

IMST vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
IMST Bitwise Funds Trust	-1.74%
IPDP Dividend Performers ETF	0.00%

Returns By Period

IMST

• 1D: 2.70%
• 1M: -2.43%
• YTD: -6.63%
• 6M: -52.50%
• 1Y: —
• 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 - Expense Ratio Comparison

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

IPDP

Dividend Performers ETF

IMST

Bitwise Funds Trust

Return for Risk

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.

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

Sharpe Ratios by Period

	IMST	IPDP	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	—	—

Dividends

IMST vs. IPDP - Dividend Comparison

IMST's dividend yield for the trailing twelve months is around 256.65%, while IPDP has not paid dividends to shareholders.

	TTM	2025
IMST Bitwise Funds Trust	256.65%	195.93%
IPDP Dividend Performers ETF	0.00%	0.00%

Drawdowns

IMST vs. IPDP - Drawdown Comparison

The maximum IMST drawdown since its inception was -69.86%, 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	-69.86%	0.00%	-69.86%
Current Drawdown Current decline from peak	-63.47%	0.00%	-63.47%
Average Drawdown Average peak-to-trough decline	-31.01%	0.00%	-31.01%

Volatility

Volatility by Period

	IMST	IPDP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	61.92%	0.00%	+61.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.92%	0.00%	+61.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.92%	0.00%	+61.92%