IMST vs. MSII

Last updated Apr 1, 2026

Compare and contrast key facts about Bitwise Funds Trust (IMST) and REX MSTR Growth & Income ETF (MSII).

IMST and MSII 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. MSII is an actively managed fund by REX. It was launched on Jun 4, 2025.

Performance

IMST vs. MSII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Funds Trust (IMST) and REX MSTR Growth & Income ETF (MSII). The values are adjusted to include any dividend payments, if applicable.

IMST vs. MSII - Yearly Performance Comparison

	2026 (YTD)	2025
IMST Bitwise Funds Trust	-6.63%	-55.09%
MSII REX MSTR Growth & Income ETF	-16.31%	-60.25%

Returns By Period

In the year-to-date period, IMST achieves a -6.63% return, which is significantly higher than MSII's -16.31% return.

IMST

• 1D: 2.70%
• 1M: -2.43%
• YTD: -6.63%
• 6M: -52.50%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MSII

• 1D: 3.01%
• 1M: 0.58%
• YTD: -16.31%
• 6M: -61.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IMST vs. MSII - Expense Ratio Comparison

Both IMST and MSII have an expense ratio of 0.99%.

IMST

Bitwise Funds Trust

MSII

REX MSTR Growth & Income ETF

Return for Risk

IMST vs. MSII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) and REX MSTR Growth & Income ETF (MSII). 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	MSII	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	-1.03	+0.25

Correlation

The correlation between IMST and MSII is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

IMST vs. MSII - Dividend Comparison

IMST's dividend yield for the trailing twelve months is around 256.65%, more than MSII's 74.46% yield.

	TTM	2025
IMST Bitwise Funds Trust	256.65%	195.93%
MSII REX MSTR Growth & Income ETF	74.46%	48.93%

Drawdowns

IMST vs. MSII - Drawdown Comparison

The maximum IMST drawdown since its inception was -69.86%, smaller than the maximum MSII drawdown of -78.73%. Use the drawdown chart below to compare losses from any high point for IMST and MSII.

Drawdown Indicators

	IMST	MSII	Difference
Max Drawdown Largest peak-to-trough decline	-69.86%	-78.73%	+8.87%
Current Drawdown Current decline from peak	-63.47%	-72.82%	+9.35%
Average Drawdown Average peak-to-trough decline	-31.01%	-41.84%	+10.83%

Volatility

Volatility by Period

	IMST	MSII	Difference
Volatility (1Y) Calculated over the trailing 1-year period	61.92%	71.91%	-9.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.92%	71.91%	-9.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.92%	71.91%	-9.99%