OWNB vs. PLTR
OWNB (Bitwise Bitcoin Standard Corporations ETF) is Blockchain fund tracking the Bitwise Bitcoin Standard Corporations Inde, while PLTR (Palantir Technologies Inc.) is a stock. Over the past year, OWNB returned -50.22% vs -10.35% for PLTR. At a 0.43 correlation, their price movements are largely independent.
Performance
OWNB vs. PLTR - Performance Comparison
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Returns By Period
In the year-to-date period, OWNB achieves a -17.12% return, which is significantly higher than PLTR's -24.77% return.
OWNB
- 1D
- 2.87%
- 1M
- -12.84%
- 6M
- -29.13%
- YTD
- -17.12%
- 1Y
- -50.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTR
- 1D
- 2.83%
- 1M
- 4.48%
- 6M
- -25.28%
- YTD
- -24.77%
- 1Y
- -10.35%
- 3Y*
- 101.27%
- 5Y*
- 44.17%
- 10Y*
- —
OWNB vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | -17.12% | -1.19% |
PLTR Palantir Technologies Inc. | -24.77% | 132.72% |
Correlation
The correlation between OWNB and PLTR is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025 | 0.43 |
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Return for Risk
OWNB vs. PLTR — Risk / Return Rank
OWNB
PLTR
OWNB vs. PLTR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Bitcoin Standard Corporations ETF (OWNB) and Palantir Technologies Inc. (PLTR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| OWNB | PLTR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.01 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.22 | -0.63 |
| Martin ratioReturn relative to average drawdown | -1.33 | -0.43 | -0.90 |
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Drawdowns
OWNB vs. PLTR - Drawdown Comparison
The maximum OWNB drawdown since its inception was -59.47%, smaller than the maximum PLTR drawdown of -84.62%. Use the drawdown chart below to compare losses from any high point for OWNB and PLTR.
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Drawdown Indicators
| OWNB | PLTR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.47% | -84.62% | +25.15% |
Max Drawdown (1Y)Largest decline over 1 year | -59.47% | -48.22% | -11.25% |
Max Drawdown (3Y)Largest decline over 3 years | — | -48.22% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.14% | — |
Current DrawdownCurrent decline from peak | -53.30% | -35.46% | -17.84% |
Average DrawdownAverage peak-to-trough decline | -26.85% | -40.26% | +13.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.75% | 23.98% | +13.77% |
Volatility
OWNB vs. PLTR - Volatility Comparison
The current volatility for Bitwise Bitcoin Standard Corporations ETF (OWNB) is 15.01%, while Palantir Technologies Inc. (PLTR) has a volatility of 16.77%. This indicates that OWNB experiences smaller price fluctuations and is considered to be less risky than PLTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OWNB | PLTR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.01% | 16.77% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 43.55% | 39.63% | +3.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.27% | 51.67% | +6.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.16% | 65.63% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.16% | 69.60% | -7.44% |
Dividends
OWNB vs. PLTR - Dividend Comparison
OWNB's dividend yield for the trailing twelve months is around 1.05%, while PLTR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | 1.05% | 0.87% |
PLTR Palantir Technologies Inc. | 0.00% | 0.00% |
Frequently Asked Questions
OWNB and PLTR have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (16.77%) compared to OWNB (15.01%). In terms of maximum drawdown, OWNB dropped -59.47% vs PLTR's -84.62%.
PLTR currently has the higher Sharpe Ratio (-0.20 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.
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