BWEB vs VOO
BWEB vs VOO
Bitwise Web3 ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. BWEB delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BWEB | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.85% | 0.03% | |
| AUM | $6M | $979.0B | |
| Dividend Yield | 0.00% | 1.09% | |
| Holdings | 41 | 509 | |
| YTD Return | +6.19% | +13.80% | |
| 1Y Return | +31.14% | +23.71% | |
| 3Y Return (annualized) | +35.54% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 35.6% | 14.1% | |
| Max Drawdown | -33.7% | -34.3% | |
| Fund Family | Bitwise | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 3, 2022 | Sep 7, 2010 |
BWEB vs VOO Performance
Bitwise Web3 ETF (BWEB) is a ETF from Bitwise and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BWEB returned +31.14% while VOO returned +23.71%. Year to date, BWEB is up 6.19% versus a gain of 13.80% for VOO.
Over three years, BWEB compounded at +35.54% per year against +21.50% for VOO. Across the full 4-year window we track, BWEB has the edge at +33.63% annualized vs +13.58%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BWEB has been the more volatile fund, with annualized monthly volatility of 35.6% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.7% for BWEB and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BWEB charges 0.85% per year while VOO charges 0.03%. On a $10,000 position that is $85 vs $3 annually, a gap of $82 per year that compounds over a long holding period. On income, BWEB currently yields 0.00% against 1.09% for VOO.
Holdings Overlap
BWEB and VOO share 14 holdings out of 531 unique holdings combined, representing a 9.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BWEB | Weight in VOO | Difference |
|---|---|---|---|
| NVDA | 1.45% | 7.51% | 6.06% |
| META | 6.93% | 1.92% | 5.01% |
| COIN | 8.59% | 0.05% | 8.54% |
| MSFT | Pro | Pro | Pro |
| EQIX | Pro | Pro | Pro |
| HOOD | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| EA | Pro | Pro | Pro |
| TTWO | Pro | Pro | Pro |
| SQ | Pro | Pro | Pro |
See all 10 holdings BWEB shares with VOO Exact weights in each fund and the difference, for every overlapping position. X-ray my whole portfolio$99/yr Pro · 7-day refund | |||
Frequently Asked Questions
Which is cheaper, BWEB or VOO?
BWEB has an expense ratio of 0.85% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $82 per year of difference.
Which performed better, BWEB or VOO?
Over the past year BWEB returned +31.14% vs +23.71% for VOO, so BWEB leads on 1-year performance. Over the longest common window we track (4 years), BWEB annualized +33.63% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, BWEB or VOO?
BWEB has been the more volatile fund at 35.6% annualized versus 14.1% for VOO. Worst drawdown: BWEB -33.7% vs VOO -34.3%.
Should I hold both BWEB and VOO?
BWEB and VOO have a monthly-return correlation of 0.79, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BWEB and VOO?
BWEB and VOO share 14 common holdings with a 9.2% weight overlap. Combined, they hold 531 unique securities.
Which pays a higher dividend, BWEB or VOO?
BWEB yields 0.00% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
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