UTRN vs. BITQ

Last updated Jun 4, 2026

UTRN (Vesper U.S. Large Cap Short-Term Reversal Strategy ETF) and BITQ (Bitwise Crypto Industry Innovators ETF) are both exchange-traded funds - UTRN is a Large Cap Blend Equities fund tracking the Vesper US Large Cap Short-Term Reversal Index, while BITQ is a Technology Equities fund tracking the Bitwise Crypto Innovators 30 Total Return. Both are passively managed. At a 0.35 correlation, their price movements are largely independent. UTRN charges 0.75%/yr vs 0.85%/yr for BITQ.

Performance

UTRN vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UTRN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 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)

UTRN vs. BITQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	-3.65%	28.82%	0.72%	-20.36%	18.41%
BITQ Bitwise Crypto Industry Innovators ETF	39.79%	18.00%	46.97%	246.83%	-83.86%	-7.06%

Correlation

The correlation between UTRN and BITQ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.35

UTRN vs. BITQ - Sectors Allocation Comparison

Sectors	UTRN	BITQ
Financial Services	36.4%	67.1%
Technology	31.9%	28.1%
Communication Services	8.0%	-
Basic Materials	7.9%	-
Energy	4.1%	-
Industrials	4.0%	-
Consumer Cyclical	3.9%	4.8%
Healthcare	3.8%	-
Consumer Defensive	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

UTRN vs. BITQ — Risk / Return Rank

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

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.

UTRN vs. BITQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	UTRN	BITQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.07	—

Drawdowns

Drawdown Indicators

	UTRN	BITQ	Difference
Max Drawdown Largest peak-to-trough decline	—	-90.32%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-44.99%	—
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	—	-14.06%	—
Average Drawdown Average peak-to-trough decline	—	-52.80%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.32%	—

Volatility

Volatility by Period

	UTRN	BITQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.73%	—
Volatility (6M) Calculated over the trailing 6-month period	—	42.74%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	56.05%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	67.17%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	67.23%	—

UTRN vs. BITQ - Expense Ratio Comparison

UTRN has a 0.75% expense ratio, which is lower than BITQ's 0.85% expense ratio.

Dividends

UTRN vs. BITQ - Dividend Comparison

Neither UTRN nor BITQ has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BITQ Bitwise Crypto Industry Innovators ETF	0.00%	0.00%	0.90%	1.51%	0.00%	3.12%	0.00%	0.00%	0.00%
UTRN Vesper U.S. Large Cap Short-Term Reversal Strategy ETF	0.00%	0.00%	1.06%	2.75%	1.09%	24.51%	9.09%	3.77%	0.71%

Frequently Asked Questions

Can I hold both UTRN and BITQ in my portfolio?

UTRN and BITQ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UTRN or BITQ?

On fees, UTRN is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UTRN or BITQ?

UTRN is cheaper with a 0.75% expense ratio, compared with 0.85% for BITQ.

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

UTRN and BITQ have nearly identical dividend yields, around 0.00%.

What is the main difference between UTRN and BITQ?

UTRN is categorized as Large Cap Blend Equities, while BITQ is Technology Equities. UTRN tracks Vesper US Large Cap Short-Term Reversal Index, while BITQ tracks Bitwise Crypto Innovators 30 Total Return. Their fees differ too: 0.75% for UTRN and 0.85% for BITQ.