IMST vs. ZHDG
Compare and contrast key facts about Bitwise Funds Trust (IMST) and ZEGA Buy and Hedge ETF (ZHDG).
IMST and ZHDG 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. ZHDG is an actively managed fund by ZEGA. It was launched on Jul 6, 2021.
Performance
IMST vs. ZHDG - Performance Comparison
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IMST vs. ZHDG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IMST Bitwise Funds Trust | -6.63% | -44.26% |
ZHDG ZEGA Buy and Hedge ETF | -6.67% | 22.38% |
Returns By Period
The year-to-date returns for both stocks are quite close, with IMST having a -6.63% return and ZHDG slightly lower at -6.67%.
IMST
- 1D
- 2.70%
- 1M
- -2.43%
- YTD
- -6.63%
- 6M
- -52.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZHDG
- 1D
- 1.31%
- 1M
- -5.73%
- YTD
- -6.67%
- 6M
- -4.69%
- 1Y
- 11.89%
- 3Y*
- 10.96%
- 5Y*
- —
- 10Y*
- —
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IMST vs. ZHDG - Expense Ratio Comparison
IMST has a 0.99% expense ratio, which is higher than ZHDG's 0.98% expense ratio.
Return for Risk
IMST vs. ZHDG — Risk / Return Rank
IMST
ZHDG
IMST vs. ZHDG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Funds Trust (IMST) and ZEGA Buy and Hedge ETF (ZHDG). 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 | ZHDG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | 0.31 | -1.09 |
Correlation
The correlation between IMST and ZHDG is 0.40, 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. ZHDG - Dividend Comparison
IMST's dividend yield for the trailing twelve months is around 256.65%, more than ZHDG's 2.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IMST Bitwise Funds Trust | 256.65% | 195.93% | 0.00% | 0.00% | 0.00% | 0.00% |
ZHDG ZEGA Buy and Hedge ETF | 2.75% | 2.57% | 2.59% | 1.52% | 3.58% | 1.33% |
Drawdowns
IMST vs. ZHDG - Drawdown Comparison
The maximum IMST drawdown since its inception was -69.86%, which is greater than ZHDG's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for IMST and ZHDG.
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Drawdown Indicators
| IMST | ZHDG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.86% | -23.27% | -46.59% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.56% | — |
Current DrawdownCurrent decline from peak | -63.47% | -7.37% | -56.10% |
Average DrawdownAverage peak-to-trough decline | -31.01% | -8.40% | -22.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.92% | — |
Volatility
IMST vs. ZHDG - Volatility Comparison
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Volatility by Period
| IMST | ZHDG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 61.92% | 11.75% | +50.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.92% | 11.79% | +50.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.92% | 11.79% | +50.13% |