ETHW vs FNK
Comparison between Bitwise Ethereum ETF (The) (ETHW, ETF) and FIRST TRUST MID CAP VALUE ALPHADEX FUND (FNK, ETF).
ETHW vs FNK - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
ETHW
$214M
Winner
FNK
$214M
Expense Ratio
ETHW
N/A
FNK
0.74%
Max Drawdown
ETHW
67.57%
Winner
FNK
52.09%
Sharpe Ratio
ETHW
-0.28
Winner
FNK
1.07
5Y Beta
ETHW
2.14
Winner
FNK
0.88
P/E Ratio
ETHW
N/A
FNK
12.76
Forward P/E
ETHW
N/A
FNK
11.40
PEG Ratio
ETHW
N/A
FNK
0.05
5Y Dividends CAGR
ETHW
N/A
FNK
12.27%
5Y EPS CAGR
ETHW
N/A
FNK
11.65%
Debt to Equity
ETHW
N/A
FNK
66.27%
ETHW vs FNK - Historical Returns
Returns include dividend reinvestment.
1M
ETHW
-19.51%
Winner
FNK
+3.34%
3M
ETHW
-21.98%
Winner
FNK
+7.38%
6M
ETHW
-38.67%
Winner
FNK
+7.57%
1Y
ETHW
-31.71%
Winner
FNK
+20.44%
5Y(CAGR)
ETHW
N/A
FNK
+8.61%
10Y(CAGR)
ETHW
N/A
FNK
+9.70%
Max(CAGR)
ETHW
-31.16%
Winner
FNK
+9.04%
ETHW vs FNK - Annual Returns (2011 - 2026)
Returns include dividend reinvestment.
| Year | ETHW | FNK |
|---|---|---|
| 2026 | -45.34% | +7.56% |
| 2025 | -14.16% | +5.90% |
| 2024 | -3.54% | +6.75% |
| 2023 | N/A | +20.79% |
| 2022 | N/A | -7.60% |
| 2021 | N/A | +35.96% |
| 2020 | N/A | +1.89% |
| 2019 | N/A | +20.40% |
| 2018 | N/A | -15.00% |
| 2017 | N/A | +10.86% |
| 2016 | N/A | +27.61% |
| 2015 | N/A | -12.75% |
| 2014 | N/A | +7.20% |
| 2013 | N/A | +34.14% |
| 2012 | N/A | +15.34% |
| 2011 | N/A | -7.39% |
ETHW vs FNK Drawdown Comparison
The maximum drawdown for ETHW was -67.57%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The maximum drawdown for FNK was -50.70%, occurring on Mar 23, 2020. Recovery took 598 trading sessions.
The current ETHW drawdown is -64.80%. The current FNK drawdown is -2.07%.
| Rank | ETHW | FNK |
|---|---|---|
| #1 | -67.57% Aug 22, 2025 - Jun 5, 2026 | -50.70% Aug 21, 2018 - Jan 6, 2021 |
| #2 | -64.04% Dec 6, 2024 - Aug 11, 2025 | -27.38% Apr 15, 2015 - Nov 17, 2016 |
| #3 | -35.81% Jul 23, 2024 - Nov 25, 2024 | -26.21% Jul 7, 2011 - Feb 3, 2012 |
| #4 | -12.71% Aug 13, 2025 - Aug 22, 2025 | -25.16% Nov 25, 2024 - Jan 6, 2026 |
| #5 | -5.28% Nov 25, 2024 - Nov 27, 2024 | -20.40% Jan 14, 2022 - Jan 27, 2023 |
| #6 | -1.79% Dec 4, 2024 - Dec 6, 2024 | -17.79% Feb 2, 2023 - Dec 14, 2023 |
| #7 | -1.07% Nov 27, 2024 - Dec 4, 2024 | -14.06% Mar 19, 2012 - Sep 14, 2012 |
| #8 | N/A | -13.01% Jul 1, 2014 - Apr 15, 2015 |
| #9 | N/A | -10.06% Jan 23, 2018 - Aug 20, 2018 |
| #10 | N/A | -9.48% Sep 14, 2012 - Dec 18, 2012 |
| #11 | N/A | -9.13% Feb 6, 2026 - Jun 11, 2026 |
| #12 | N/A | -8.86% Jul 31, 2024 - Nov 6, 2024 |
| #13 | N/A | -8.69% May 7, 2021 - Oct 19, 2021 |
| #14 | N/A | -8.00% Nov 16, 2021 - Jan 4, 2022 |
| #15 | N/A | -7.50% Mar 28, 2024 - Jul 16, 2024 |
Correlation
Correlation between ETHW and FNK is -0.07 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.07
-101
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