Bitwise Ethereum ETF

10-Year Study

ETHW.US · · US · ETF

Executive Summary: Bitwise Ethereum ETF has compounded at -17.1% annually over the last 10 years, with a maximum drawdown of 55.7% and an annualized volatility of 328.4%.

1Y CAGR
-9.3%
3Y CAGR
-17.1%
5Y CAGR
-17.1%
10Y CAGR
-17.1%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
55.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.05
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.11
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
77.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +-11.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -20.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
0%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-10.0-28.18.912.6————————-20.6%
2025-0.7-33.2-17.5-2.344.1-2.248.316.2-4.1-6.7-21.8-2.3-11.3%
2024———————-23.23.4-3.343.3-7.12.3%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 328.4%. The dominant macroeconomic risk driver is SHV.US, accounting for 90.1% of variance. Idiosyncratic stock-specific factors contribute 0.1%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2024-07-0110000
2024-08-017682.458386683739
2024-09-017947.076397780624
2024-10-017682.458386683739
2024-11-0111011.523687580027
2024-12-0110230.473751600513
2025-01-0110157.917200170721
2025-02-016790.439607341015
2025-03-015599.658557405036
2025-04-015471.617584293641
2025-05-017883.055911224926
2025-06-017708.066581306018
2025-07-0111429.790866410585
2025-08-0113277.848911651728
2025-09-0112727.272727272728
2025-10-0111869.398207426377
2025-11-019287.238583013232
2025-12-019078.10499359795
2026-01-018169.014084507043
2026-02-015877.0806658130605
2026-03-016402.048655569782
2026-04-017208.706786171575
Annual Return Matrix
YearAnnual Return
2025-0.11264080100125151
2026-0.20592383638928058
Total Factor Risk
3.2840045563367606
VTI.US Exposure
0.0423427526364127
VEA.US Exposure
0.004740867243014061
VWO.US Exposure
0.015567787308636711
QQQ.US Exposure
-0.018761145573300275
VTV.US Exposure
0.007469929749152433
IJR.US Exposure
0.009824190321788887
QUAL.US Exposure
0.015417091654045737
SHV.US Exposure
0.9011400557123139
TLT.US Exposure
0.004121872253714809
LQD.US Exposure
0.00012900329166965608
HYG.US Exposure
-0.0021431232768708325
GLD.US Exposure
0.0018973775656987992
USO.US Exposure
-0.00001911488142156418
VNQ.US Exposure
-0.0016754923339178565
BTC-USD.CC Exposure
0.014478178366918067
CPER.US Exposure
-0.0008948785895380925
VIX.INDX Exposure
0.00488844498656998
UUP.US Exposure
-0.00006692749572613162
TIP.US Exposure
0.0003633173950039786
Idiosyncratic Exposure
0.0011798136658350633
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
328.4%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+12.9%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-26.7%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
51.3% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Bitwise Ethereum ETF a high-risk investment?

Bitwise Ethereum ETF (ETHW.US) has an annualized volatility of 328.4% and experienced a maximum drawdown of 55.7% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of ETHW.US?

Over the past 10 years, ETHW.US has generated a Compound Annual Growth Rate (CAGR) of -17.1%. It has had a positive return in 0% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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