TTOP vs. WGMI

Last updated Jun 5, 2026

TTOP (21Shares FTSE Crypto 10 Index ETF) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. TTOP is passively managed, while WGMI is actively managed. A 0.63 correlation means they provide meaningful diversification when combined. TTOP charges 0.50%/yr vs 0.75%/yr for WGMI.

Performance

TTOP vs. WGMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares FTSE Crypto 10 Index ETF (TTOP) and Valkyrie Bitcoin Miners ETF (WGMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTOP achieves a -29.56% return, which is significantly lower than WGMI's 81.24% return.

TTOP

• 1D: -2.60%
• 1M: -21.01%
• YTD: -29.56%
• 6M: -34.41%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

WGMI

• 1D: -1.92%
• 1M: 25.79%
• YTD: 81.24%
• 6M: 46.67%
• 1Y: 261.44%
• 3Y*: 88.52%
• 5Y*: —
• 10Y*: —

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

TTOP vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025
TTOP 21Shares FTSE Crypto 10 Index ETF	-29.56%	-11.19%
WGMI Valkyrie Bitcoin Miners ETF	81.24%	-8.82%

Correlation

The correlation between TTOP and WGMI is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 14, 2025	0.63

Return for Risk

TTOP vs. WGMI — Risk / Return Rank

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

WGMI

WGMI Risk / Return Rank: 77
WGMI Sharpe Ratio Rank: 93
WGMI Sortino Ratio Rank: 75
WGMI Omega Ratio Rank: 67
WGMI Calmar Ratio Rank: 88
WGMI Martin Ratio Rank: 60

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.

TTOP vs. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 Index ETF (TTOP) and Valkyrie Bitcoin Miners ETF (WGMI). 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.

Sharpe Ratios by Period

	TTOP	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	-1.11	0.30	-1.41

Drawdowns

TTOP vs. WGMI - Drawdown Comparison

The maximum TTOP drawdown since its inception was -37.44%, smaller than the maximum WGMI drawdown of -85.76%. Use the drawdown chart below to compare losses from any high point for TTOP and WGMI.

Drawdown Indicators

	TTOP	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-85.76%	+48.32%
Max Drawdown (1Y) Largest decline over 1 year	—	-50.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-62.79%	—
Current Drawdown Current decline from peak	-37.44%	-3.01%	-34.43%
Average Drawdown Average peak-to-trough decline	-20.78%	-42.86%	+22.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	25.08%	—

Volatility

Volatility by Period

	TTOP	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	18.90%	—
Volatility (6M) Calculated over the trailing 6-month period	—	55.08%	—
Volatility (1Y) Calculated over the trailing 1-year period	52.11%	75.99%	-23.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.11%	81.50%	-29.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.11%	81.50%	-29.39%

TTOP vs. WGMI - Expense Ratio Comparison

TTOP has a 0.50% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

TTOP vs. WGMI - Dividend Comparison

Neither TTOP nor WGMI has paid dividends to shareholders.

Position	TTM	2025	2024	2023
TTOP 21Shares FTSE Crypto 10 Index ETF	0.00%	0.00%	0.00%	0.00%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both TTOP and WGMI in my portfolio?

TTOP and WGMI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TTOP or WGMI?

On fees, TTOP is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TTOP or WGMI?

TTOP is cheaper with a 0.50% expense ratio, compared with 0.75% for WGMI.

Which ETF pays a higher dividend yield, TTOP or WGMI?

TTOP and WGMI have nearly identical dividend yields, around 0.00%.

What is the main difference between TTOP and WGMI?

They also come from different issuers: 21Shares and Valkyrie. Their fees differ too: 0.50% for TTOP and 0.75% for WGMI.