IMST vs. SPIN
Compare and contrast key facts about Bitwise Funds Trust (IMST) and State Street US Equity Premium Income ETF (SPIN).
IMST and SPIN 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. SPIN is an actively managed fund by State Street. It was launched on Sep 5, 2024.
Performance
IMST vs. SPIN - Performance Comparison
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IMST vs. SPIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMST Bitwise Funds Trust | -6.63% | -44.26% |
SPIN State Street US Equity Premium Income ETF | -5.22% | 23.44% |
Returns By Period
In the year-to-date period, IMST achieves a -6.63% return, which is significantly lower than SPIN's -5.22% return.
IMST
- 1D
- 2.70%
- 1M
- -2.43%
- YTD
- -6.63%
- 6M
- -52.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPIN
- 1D
- 2.72%
- 1M
- -4.55%
- YTD
- -5.22%
- 6M
- -1.34%
- 1Y
- 13.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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IMST vs. SPIN - Expense Ratio Comparison
IMST has a 0.99% expense ratio, which is higher than SPIN's 0.25% expense ratio.
Return for Risk
IMST vs. SPIN — Risk / Return Rank
IMST
SPIN
IMST vs. SPIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) and State Street US Equity Premium Income ETF (SPIN). 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.
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Sharpe Ratios by Period
| IMST | SPIN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.83 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | 0.62 | -1.41 |
Correlation
The correlation between IMST and SPIN is 0.42, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
IMST vs. SPIN - Dividend Comparison
IMST's dividend yield for the trailing twelve months is around 256.65%, more than SPIN's 8.42% yield.
| TTM | 2025 | 2024 | |
|---|---|---|---|
IMST Bitwise Funds Trust | 256.65% | 195.93% | 0.00% |
SPIN State Street US Equity Premium Income ETF | 8.42% | 8.20% | 2.36% |
Drawdowns
IMST vs. SPIN - Drawdown Comparison
The maximum IMST drawdown since its inception was -69.86%, which is greater than SPIN's maximum drawdown of -16.85%. Use the drawdown chart below to compare losses from any high point for IMST and SPIN.
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Drawdown Indicators
| IMST | SPIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.86% | -16.85% | -53.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.88% | — |
Current DrawdownCurrent decline from peak | -63.47% | -7.35% | -56.12% |
Average DrawdownAverage peak-to-trough decline | -31.01% | -2.33% | -28.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.57% | — |
Volatility
IMST vs. SPIN - Volatility Comparison
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Volatility by Period
| IMST | SPIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.97% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.92% | 16.34% | +45.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.92% | 14.90% | +47.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.92% | 14.90% | +47.02% |