BWEB vs VTI
Bitwise Web3 ETF vs Vanguard Morningstar Total Stock Market ETF
Which is better, BWEB or VTI?
Large Cap Growth against Large Cap Blend.
VTI has a lower expense ratio. BWEB led over 1Y and the full window. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 56.3%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BWEB | VTI |
|---|---|---|
| Expense Ratio | 0.85% | 0.03%Best |
| AUM | $6M | $666.9B |
| Dividend Yield | 0.00% | 1.03% |
| Holdings | 41 | 3,543 |
| Volatility (annualized) | 35.6% | 13.7%Best |
| Max Drawdown | -33.7% | -19.3%Best |
| $10,000 over 3.6 years | $28,396Best | $20,082 |
| Top 10 Weight | 56.3% | 33.3%Best |
| Fund Family | Bitwise | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Blend |
| Inception | Oct 3, 2022 | May 24, 2001 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 126 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BWEB has data through May 21, 2026 and VTI through Sep 24, 2026.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Oct 4, 2022 to May 21, 2026 (3.6 years).
Risk: Volatility and Drawdowns
BWEB has been the more volatile fund, with annualized monthly volatility of 35.6% compared with 13.7% for VTI. 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 -19.3% for VTI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BWEB charges 0.85% per year while VTI 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 1.03% for VTI.
Holdings Overlap
78.0% of BWEB's money is in holdings VTI also owns. 18.3% of VTI's money is in holdings BWEB also owns.
Most of BWEB is already inside VTI. Owning both mostly buys the same companies twice.
The two holdings books were reported 304 days apart, BWEB as of Sep 30, 2025 and VTI as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
29 positions in common, counted across the 40 positions we hold weights for in BWEB and 3,463 in VTI, against full books of 41 and 3,543.
What only one of them owns
Our book lists 1,124 positions for VTI that do not appear in our book for BWEB (79.2% of the fund), and 1 for BWEB that do not appear in VTI (2.4%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in BWEB | Weight in VTI | Difference |
|---|---|---|---|
| COINCoinbase Globa-A | 8.59% | 0.04% | 8.55% |
| METAMeta Platforms Inc | 6.93% | 1.70% | 5.23% |
| NVDANvidia Corp | 1.45% | 6.40% | 4.95% |
| CRCLCircle Internet Group In | 7.03% | 0.01% | 7.02% |
| RBLXRoblox Corp., Class A | 6.75% | 0.03% | 6.72% |
| MSFTMicrosoft Corp | 1.43% | 4.79% | 3.36% |
| EQIXEquinix Inc. Real Estate Investment Trust | 4.03% | 0.14% | 3.89% |
| HOODRobinhood Markets Inc - A | 4.04% | 0.09% | 3.95% |
| NETCloudflare Inc (180 Day Lockup) | 3.97% | 0.12% | 3.85% |
| GOOGAlphabet Inc | 1.40% | 2.31% | 0.91% |
78.0% of BWEB is already inside VTI.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BWEB or VTI?
BWEB has an expense ratio of 0.85% while VTI charges 0.03%. VTI is the cheaper option, by $82 a year on a $10,000 investment.
Which is riskier, BWEB or VTI?
BWEB has been the more volatile fund at 35.6% annualized versus 13.7% for VTI. Worst drawdown: BWEB -33.7% vs VTI -19.3%.
Should I hold both BWEB and VTI?
BWEB and VTI have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between BWEB and VTI?
78.0% of BWEB's money is in holdings VTI also owns. 18.3% of VTI's is in holdings BWEB also owns. They hold 29 positions in common, counted across the 40 positions we hold weights for in BWEB and 3,463 in VTI.
Which pays a higher dividend, BWEB or VTI?
BWEB yields 0.00% while VTI yields 1.03%, so VTI currently pays the higher dividend yield.
Is VTI better than BWEB?
VTI has a lower expense ratio. BWEB led over 1Y and the full window. VTI is less concentrated, with 33.3% of the fund in its ten largest positions against 56.3%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.