OWNB vs. BITQ

Last updated Jun 5, 2026

OWNB (Bitwise Bitcoin Standard Corporations ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - OWNB is a Blockchain fund tracking the Bitwise Bitcoin Standard Corporations Inde, while BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return. Both are passively managed. Over the past year, OWNB returned -29.23% vs 53.75% for BITQ. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.85% expense ratio.

Performance

OWNB vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise Bitcoin Standard Corporations ETF (OWNB) 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, OWNB achieves a -2.96% return, which is significantly lower than BITQ's 37.93% return.

OWNB

• 1D: -1.41%
• 1M: -6.82%
• YTD: -2.96%
• 6M: -20.43%
• 1Y: -29.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITQ

• 1D: -1.33%
• 1M: 4.84%
• YTD: 37.93%
• 6M: 16.04%
• 1Y: 53.75%
• 3Y*: 60.76%
• 5Y*: 4.91%
• 10Y*: —

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

OWNB vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025
OWNB Bitwise Bitcoin Standard Corporations ETF	-2.96%	-3.56%
BITQ Bitwise Crypto Industry Innovators ETF	37.93%	48.40%

Correlation

The correlation between OWNB and BITQ is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025	0.92

The correlation between OWNB and BITQ has been stable across timeframes, ranging from 0.91 to 0.92 - a consistent structural relationship.

OWNB vs. BITQ - Sectors Allocation Comparison

Sectors	OWNB	BITQ
Financial Services	43.5%	67.1%
Technology	38.0%	28.1%
Consumer Cyclical	10.1%	4.8%
Communication Services	6.3%	-
Utilities	2.1%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-

Return for Risk

OWNB vs. BITQ — Risk / Return Rank

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

OWNB

OWNB Risk / Return Rank: 5
OWNB Sharpe Ratio Rank: 5
OWNB Sortino Ratio Rank: 5
OWNB Omega Ratio Rank: 5
OWNB Calmar Ratio Rank: 5
OWNB Martin Ratio Rank: 5

BITQ

BITQ Risk / Return Rank: 27
BITQ Sharpe Ratio Rank: 28
BITQ Sortino Ratio Rank: 30
BITQ Omega Ratio Rank: 28
BITQ Calmar Ratio Rank: 26
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.

OWNB vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) 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.

	OWNB	BITQ	Difference
Sharpe ratio: Return per unit of total volatility	-0.51	0.97	-1.48
Sortino ratio: Return per unit of downside risk	-0.45	1.57	-2.02
Omega ratio: Gain probability vs. loss probability	0.95	1.18	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.49	1.20	-1.69
Martin ratio: Return relative to average drawdown	-0.86	2.53	-3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OWNB vs. BITQ - Sharpe Ratio Comparison

The current OWNB Sharpe Ratio is -0.51, which is lower than the BITQ Sharpe Ratio of 0.97. The chart below compares the historical Sharpe Ratios of OWNB 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

	OWNB	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	0.97	-1.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.07	-0.15

Drawdowns

OWNB vs. BITQ - Drawdown Comparison

The maximum OWNB drawdown since its inception was -59.47%, smaller than the maximum BITQ drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for OWNB and BITQ.

Drawdown Indicators

	OWNB	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	-59.47%	-90.32%	+30.85%
Max Drawdown (1Y) Largest decline over 1 year	-59.47%	-44.99%	-14.48%
Max Drawdown (3Y) Largest decline over 3 years	—	-51.22%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-90.32%	—
Current Drawdown Current decline from peak	-45.32%	-15.21%	-30.11%
Average Drawdown Average peak-to-trough decline	-24.95%	-52.77%	+27.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.08%	21.33%	+12.75%

Volatility

OWNB vs. BITQ - Volatility Comparison

The current volatility for Bitwise Bitcoin Standard Corporations ETF (OWNB) is 12.84%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 14.24%. This indicates that OWNB 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

	OWNB	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.84%	14.24%	-1.40%
Volatility (6M) Calculated over the trailing 6-month period	42.46%	42.58%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	57.60%	55.93%	+1.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.27%	67.18%	-4.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.27%	67.21%	-4.94%

OWNB vs. BITQ - Expense Ratio Comparison

Both OWNB and BITQ have an expense ratio of 0.85%.

Dividends

OWNB vs. BITQ - Dividend Comparison

OWNB's dividend yield for the trailing twelve months is around 0.90%, while BITQ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%
OWNB Bitwise Bitcoin Standard Corporations ETF	0.90%	0.87%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OWNB and BITQ in my portfolio?

With a correlation of 0.91, OWNB and BITQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, OWNB or BITQ?

BITQ has higher volatility (14.24%) compared to OWNB (12.84%). In terms of maximum drawdown, OWNB dropped -59.47% vs BITQ's -90.32%.

Which ETF is better, OWNB or BITQ?

On 1-year performance, BITQ leads with 53.75% vs -29.23% for OWNB. Both ETFs have the same 0.85% expense ratio. On volatility, OWNB has been the lower-risk option at 12.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OWNB or BITQ?

Over the 1-year period, BITQ has performed better with a 53.75% return vs -29.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OWNB or BITQ?

OWNB and BITQ have the same expense ratio: 0.85% per year.

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

OWNB has the higher dividend yield at 0.90%, compared with 0.00% for BITQ.

What is the main difference between OWNB and BITQ?

OWNB is categorized as Blockchain, while BITQ is Technology Equities. OWNB tracks Bitwise Bitcoin Standard Corporations Inde, while BITQ tracks Bitwise Crypto Innovators 30 Total Return. They also come from different issuers: Bitwise and Exchange Traded Concepts.

Which has better risk-adjusted returns?

BITQ currently has the higher Sharpe Ratio (0.97 vs -0.51), 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.