NETL vs. BITQ

Last updated Jun 4, 2026

NETL (NETLease Corporate Real Estate ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - NETL is a REIT fund tracking the Fundamental Income Net Lease Real Estate Index, while BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return. Both are passively managed. Over the past 5 years, NETL returned 1.33%/yr vs 5.19%/yr for BITQ. At a 0.30 correlation, their price movements are largely independent. NETL charges 0.60%/yr vs 0.85%/yr for BITQ.

Performance

NETL vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NETLease Corporate Real Estate ETF (NETL) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NETL achieves a 10.34% return, which is significantly lower than BITQ's 39.79% return.

NETL

• 1D: -1.14%
• 1M: -1.07%
• YTD: 10.34%
• 6M: 9.20%
• 1Y: 11.59%
• 3Y*: 7.12%
• 5Y*: 1.33%
• 10Y*: —

BITQ

• 1D: -2.21%
• 1M: 11.04%
• YTD: 39.79%
• 6M: 21.39%
• 1Y: 60.30%
• 3Y*: 58.56%
• 5Y*: 5.19%
• 10Y*: —

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

NETL vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
NETL NETLease Corporate Real Estate ETF	10.34%	6.05%	-1.08%	2.69%	-16.16%	17.20%
BITQ Bitwise Crypto Industry Innovators ETF	39.79%	18.00%	46.97%	246.83%	-83.86%	-7.06%

Correlation

The correlation between NETL and BITQ is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.30

The correlation between NETL and BITQ shifts across timeframes, from 0.11 (1 year) to 0.30 (all time), reflecting how their relationship changes across market environments.

NETL vs. BITQ - Sectors Allocation Comparison

Sectors	NETL	BITQ
Real Estate	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	4.8%
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	67.1%
Healthcare	-	-
Industrials	-	-
Technology	-	28.1%
Utilities	-	-

Return for Risk

NETL vs. BITQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NETL

NETL Risk / Return Rank: 25
NETL Sharpe Ratio Rank: 24
NETL Sortino Ratio Rank: 23
NETL Omega Ratio Rank: 22
NETL Calmar Ratio Rank: 26
NETL Martin Ratio Rank: 29

BITQ

BITQ Risk / Return Rank: 28
BITQ Sharpe Ratio Rank: 29
BITQ Sortino Ratio Rank: 31
BITQ Omega Ratio Rank: 29
BITQ Calmar Ratio Rank: 27
BITQ Martin Ratio Rank: 22

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.

NETL vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NETLease Corporate Real Estate ETF (NETL) and Bitwise Crypto Industry Innovators ETF (BITQ). 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.

	NETL	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	0.86	1.08	-0.23
Sortino ratio: Return per unit of downside risk	1.26	1.68	-0.43
Omega ratio: Gain probability vs. loss probability	1.15	1.20	-0.05
Calmar ratio: Return relative to maximum drawdown	1.27	1.35	-0.08
Martin ratio: Return relative to average drawdown	3.99	2.84	+1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NETL vs. BITQ - Sharpe Ratio Comparison

The current NETL Sharpe Ratio is 0.86, which is comparable to the BITQ Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of NETL and BITQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NETL	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	1.08	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	0.08	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.07	+0.13

Drawdowns

NETL vs. BITQ - Drawdown Comparison

The maximum NETL drawdown since its inception was -51.48%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for NETL and BITQ.

Drawdown Indicators

	NETL	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-51.48%	-90.32%	+38.84%
Max Drawdown (1Y) Largest decline over 1 year	-9.16%	-44.99%	+35.83%
Max Drawdown (3Y) Largest decline over 3 years	-19.30%	-51.22%	+31.92%
Max Drawdown (5Y) Largest decline over 5 years	-30.74%	-90.32%	+59.58%
Current Drawdown Current decline from peak	-3.68%	-14.06%	+10.38%
Average Drawdown Average peak-to-trough decline	-11.65%	-52.80%	+41.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	21.32%	-18.41%

Volatility

NETL vs. BITQ - Volatility Comparison

The current volatility for NETLease Corporate Real Estate ETF (NETL) is 3.66%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.73%. This indicates that NETL experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NETL	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	14.73%	-11.07%
Volatility (6M) Calculated over the trailing 6-month period	9.66%	42.74%	-33.08%
Volatility (1Y) Calculated over the trailing 1-year period	13.57%	56.05%	-42.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.94%	67.17%	-49.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.92%	67.23%	-41.31%

NETL vs. BITQ - Expense Ratio Comparison

NETL has a 0.60% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

NETL vs. BITQ - Dividend Comparison

NETL's dividend yield for the trailing twelve months is around 4.83%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%	0.00%	0.00%
NETL NETLease Corporate Real Estate ETF	4.83%	5.12%	5.08%	4.57%	4.47%	4.03%	3.98%	2.52%

Frequently Asked Questions

Can I hold both NETL and BITQ in my portfolio?

NETL and BITQ have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NETL or BITQ?

BITQ has higher volatility (14.73%) compared to NETL (3.66%). In terms of maximum drawdown, NETL dropped -51.48% vs BITQ's -90.32%.

Which ETF is better, NETL or BITQ?

On 5-year performance, BITQ leads with 5.19% vs 1.33% for NETL. On fees, NETL is cheaper at 0.60% per year. On volatility, NETL has been the lower-risk option at 3.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NETL or BITQ?

Over the 5-year period, BITQ has performed better with a 5.19% return vs 1.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NETL or BITQ?

NETL is cheaper with a 0.60% expense ratio, compared with 0.85% for BITQ.

Which ETF pays a higher dividend yield, NETL or BITQ?

NETL has the higher dividend yield at 4.83%, compared with 0.00% for BITQ.

What is the main difference between NETL and BITQ?

NETL is categorized as REIT, while BITQ is Technology Equities. NETL tracks Fundamental Income Net Lease Real Estate Index, while BITQ tracks Bitwise Crypto Innovators 30 Total Return. Their fees differ too: 0.60% for NETL and 0.85% for BITQ.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (1.08 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.