WGMI vs. CRWV
WGMI (CoinShares Bitcoin Miners ETF) is Cryptocurrency fund actively managed by CoinShares, while CRWV (CoreWeave, Inc.) is a stock. Over the past year, WGMI returned 97.01% vs -40.61% for CRWV. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
WGMI vs. CRWV - Performance Comparison
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Returns By Period
In the year-to-date period, WGMI achieves a 37.71% return, which is significantly higher than CRWV's 2.02% return.
WGMI
- 1D
- 10.78%
- 1M
- -26.91%
- 6M
- 3.21%
- YTD
- 37.71%
- 1Y
- 97.01%
- 3Y*
- 48.22%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 17.18%
CRWV
- 1D
- -0.20%
- 1M
- -38.06%
- 6M
- -27.83%
- YTD
- 2.02%
- 1Y
- -40.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 61.39%
WGMI vs. CRWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
WGMI CoinShares Bitcoin Miners ETF | 37.71% | 172.58% |
CRWV CoreWeave, Inc. | 2.02% | 83.62% |
Correlation
The correlation between WGMI and CRWV is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025 | 0.57 |
The correlation between WGMI and CRWV has been stable across timeframes, ranging from 0.57 to 0.59 - a consistent structural relationship.
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Return for Risk
WGMI vs. CRWV — Risk / Return Rank
WGMI
CRWV
WGMI vs. CRWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Bitcoin Miners ETF (WGMI) and CoreWeave, Inc. (CRWV). 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.
| WGMI | CRWV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.99 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | -0.72 | +2.63 |
| Martin ratioReturn relative to average drawdown | 3.77 | -1.17 | +4.94 |
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Drawdowns
WGMI vs. CRWV - Drawdown Comparison
The maximum WGMI drawdown since its inception was -85.76%, which is greater than CRWV's maximum drawdown of -64.84%. Use the drawdown chart below to compare losses from any high point for WGMI and CRWV.
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Drawdown Indicators
| WGMI | CRWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.76% | -64.84% | -20.92% |
Max Drawdown (1Y)Largest decline over 1 year | -50.94% | -56.61% | +5.67% |
Max Drawdown (3Y)Largest decline over 3 years | -62.79% | — | — |
Current DrawdownCurrent decline from peak | -26.91% | -60.20% | +33.29% |
Average DrawdownAverage peak-to-trough decline | -42.09% | -38.10% | -3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.85% | 34.68% | -8.83% |
Volatility
WGMI vs. CRWV - Volatility Comparison
CoinShares Bitcoin Miners ETF (WGMI) has a higher volatility of 24.38% compared to CoreWeave, Inc. (CRWV) at 22.14%. This indicates that WGMI's price experiences larger fluctuations and is considered to be riskier than CRWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGMI | CRWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.38% | 22.14% | +2.24% |
Volatility (6M)Calculated over the trailing 6-month period | 57.47% | 65.28% | -7.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 78.75% | 93.87% | -15.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 81.64% | 112.01% | -30.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.64% | 112.01% | -30.37% |
Dividends
WGMI vs. CRWV - Dividend Comparison
Neither WGMI nor CRWV has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CRWV CoreWeave, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI CoinShares Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
WGMI and CRWV have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGMI has higher volatility (24.38%) compared to CRWV (22.14%). In terms of maximum drawdown, WGMI dropped -85.76% vs CRWV's -64.84%.
WGMI currently has the higher Sharpe Ratio (1.24 vs -0.43), 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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