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 -34.38% vs -16.60% for PLTR. At a 0.44 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 -9.32% return, which is significantly higher than PLTR's -34.35% return.
OWNB
- 1D
- -2.77%
- 1M
- -11.48%
- YTD
- -9.32%
- 6M
- -15.24%
- 1Y
- -34.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PLTR
- 1D
- -2.34%
- 1M
- -14.74%
- YTD
- -34.35%
- 6M
- -39.89%
- 1Y
- -16.60%
- 3Y*
- 102.61%
- 5Y*
- 34.48%
- 10Y*
- —
OWNB vs. PLTR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | -9.32% | -1.19% |
PLTR Palantir Technologies Inc. | -34.35% | 132.72% |
Correlation
The correlation between OWNB and PLTR is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2025 | 0.44 |
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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 | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.98 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | -0.38 | -0.20 |
| Martin ratioReturn relative to average drawdown | -0.97 | -0.75 | -0.21 |
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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% | -43.67% | -15.80% |
Max Drawdown (3Y)Largest decline over 3 years | — | -43.67% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -79.14% | — |
Current DrawdownCurrent decline from peak | -48.91% | -43.67% | -5.24% |
Average DrawdownAverage peak-to-trough decline | -25.71% | -40.26% | +14.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.62% | 22.06% | +13.56% |
Volatility
OWNB vs. PLTR - Volatility Comparison
The current volatility for Bitwise Bitcoin Standard Corporations ETF (OWNB) is 15.85%, while Palantir Technologies Inc. (PLTR) has a volatility of 19.16%. 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 | 15.85% | 19.16% | -3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 43.46% | 38.60% | +4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.05% | 51.49% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 62.38% | 65.59% | -3.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.38% | 69.73% | -7.35% |
Dividends
OWNB vs. PLTR - Dividend Comparison
OWNB's dividend yield for the trailing twelve months is around 0.96%, while PLTR has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
OWNB Bitwise Bitcoin Standard Corporations ETF | 0.96% | 0.87% |
PLTR Palantir Technologies Inc. | 0.00% | 0.00% |
Frequently Asked Questions
OWNB and PLTR have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PLTR has higher volatility (19.16%) compared to OWNB (15.85%). In terms of maximum drawdown, OWNB dropped -59.47% vs PLTR's -84.62%.
PLTR currently has the higher Sharpe Ratio (-0.32 vs -0.59), 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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