BTCW vs CDXS

Comparison between WisdomTree Bitcoin Fund (BTCW, Company) and Codexis Inc (CDXS, Company).

BTCW vs CDXS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BTCW(COMPANY)	CDXS(COMPANY)
Market Cap	$146M	$146M
Max Drawdown	53.37%	97.65%
Sharpe Ratio	-1.23	-0.44
5Y Beta	N/A	1.84
Industry	N/A	Biotechnology
P/E Ratio	-2.76	-4.73
Forward P/E	N/A	149.25
PEG Ratio	N/A	13.53
5Y EPS CAGR	N/A	-1.80%
Debt to Equity	N/A	124.02%
Free Cash Flow Yield	-40.69%	-8.33%
P/S Ratio	N/A	2.20
P/B Ratio	N/A	3.73

Market Cap

BTCW

$146M

Winner

CDXS

$146M

Max Drawdown

Winner

BTCW

53.37%

CDXS

97.65%

Sharpe Ratio

BTCW

-1.23

Winner

CDXS

-0.44

5Y Beta

BTCW

N/A

CDXS

1.84

Industry

BTCW

N/A

CDXS

Biotechnology

P/E Ratio

BTCW

-2.76

Winner

CDXS

-4.73

Forward P/E

BTCW

N/A

CDXS

149.25

PEG Ratio

BTCW

N/A

CDXS

13.53

5Y EPS CAGR

BTCW

N/A

CDXS

-1.80%

Debt to Equity

BTCW

N/A

CDXS

124.02%

Free Cash Flow Yield

BTCW

-40.69%

Winner

CDXS

-8.33%

P/S Ratio

BTCW

N/A

CDXS

2.20

P/B Ratio

BTCW

N/A

CDXS

3.73

BTCW vs CDXS - Historical Returns

Returns include dividend reinvestment.

Period	BTCW	CDXS
1 month	+0.72%	-33.04%
3 months	-15.95%	-41.18%
6 months	-2.56%	+28.21%
1 year	-44.63%	-50.00%
5 years(CAGR)	N/A	-42.21%
10 years(CAGR)	N/A	-9.68%
Max(CAGR)	+13.31%	-12.50%

Winner

BTCW

+0.72%

CDXS

-33.04%

Winner

BTCW

-15.95%

CDXS

-41.18%

BTCW

-2.56%

Winner

CDXS

+28.21%

Winner

BTCW

-44.63%

CDXS

-50.00%

5Y(CAGR)

BTCW

N/A

CDXS

-42.21%

10Y(CAGR)

BTCW

N/A

CDXS

-9.68%

Max(CAGR)

Winner

BTCW

+13.31%

CDXS

-12.50%

BTCW vs CDXS - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	BTCW	CDXS
2026	-28.20%	-6.83%
2025	-10.42%	-67.40%
2024	+100.00%	+52.88%
2023	N/A	-34.69%
2022	N/A	-85.41%
2021	N/A	+45.92%
2020	N/A	+32.95%
2019	N/A	-0.74%
2018	N/A	+104.91%
2017	N/A	+85.56%
2016	N/A	+9.00%
2015	N/A	+51.61%
2014	N/A	+76.22%
2013	N/A	-45.10%
2012	N/A	-59.67%
2011	N/A	-49.62%
2010	N/A	-20.06%

BTCW vs CDXS Drawdown Comparison

The maximum drawdown for BTCW was -53.37%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The maximum drawdown for CDXS was -97.65%, occurring on Mar 3, 2026. This drawdown has not yet recovered.

The current BTCW drawdown is -48.66%. The current CDXS drawdown is -96.41%.

Rank	BTCW	CDXS
#1	-53.37% Oct 6, 2025 - Jun 30, 2026	-97.65% Nov 8, 2021 - Mar 3, 2026
#2	-28.33% Dec 17, 2024 - May 20, 2025	-91.35% Apr 26, 2010 - May 30, 2018
#3	-27.46% Mar 13, 2024 - Nov 6, 2024	-61.10% Dec 3, 2018 - Dec 22, 2020
#4	-15.56% Jan 11, 2024 - Feb 9, 2024	-39.31% Feb 8, 2021 - Oct 7, 2021
#5	-12.02% Aug 13, 2025 - Oct 6, 2025	-26.39% Sep 25, 2018 - Nov 28, 2018
#6	-8.51% Mar 4, 2024 - Mar 8, 2024	-18.84% Jun 20, 2018 - Aug 27, 2018
#7	-8.50% May 22, 2025 - Jul 9, 2025	-16.02% Jan 19, 2021 - Feb 2, 2021
#8	-8.45% Nov 22, 2024 - Dec 6, 2024	-14.76% Oct 8, 2021 - Oct 26, 2021
#9	-5.87% Jul 14, 2025 - Aug 13, 2025	-9.91% Dec 22, 2020 - Jan 8, 2021
#10	-5.35% Dec 6, 2024 - Dec 13, 2024	-7.42% Jun 7, 2018 - Jun 19, 2018
#11	-2.51% Nov 13, 2024 - Nov 15, 2024	-4.92% Jan 8, 2021 - Jan 14, 2021
#12	-2.01% Feb 20, 2024 - Feb 26, 2024	-4.77% Sep 13, 2018 - Sep 25, 2018
#13	-1.71% Feb 12, 2024 - Feb 14, 2024	-3.59% Oct 28, 2021 - Nov 4, 2021
#14	-0.95% Mar 11, 2024 - Mar 13, 2024	-3.04% Aug 27, 2018 - Sep 5, 2018
#15	N/A	-2.33% Jun 1, 2018 - Jun 7, 2018