ETHW vs GINN
Comparison between Bitwise Ethereum ETF (The) (ETHW, ETF) and GOLDMAN SACHS INNOVATE EQUITY ETF (GINN, ETF).
ETHW vs GINN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
ETHW
$214M
GINN
$213M
Expense Ratio
ETHW
N/A
GINN
0.50%
Max Drawdown
ETHW
67.57%
Winner
GINN
41.60%
Sharpe Ratio
ETHW
-0.28
Winner
GINN
1.09
5Y Beta
ETHW
2.14
Winner
GINN
1.08
P/E Ratio
ETHW
N/A
GINN
-192.91
Forward P/E
ETHW
N/A
GINN
18.96
5Y EPS CAGR
ETHW
N/A
GINN
20.53%
ETHW vs GINN - Historical Returns
Returns include dividend reinvestment.
1M
ETHW
-19.51%
Winner
GINN
+1.98%
3M
ETHW
-21.98%
Winner
GINN
+11.75%
6M
ETHW
-38.67%
Winner
GINN
+7.25%
1Y
ETHW
-31.71%
Winner
GINN
+22.26%
5Y(CAGR)
ETHW
N/A
GINN
+6.27%
Max(CAGR)
ETHW
-31.16%
Winner
GINN
+9.00%
ETHW vs GINN - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | ETHW | GINN |
|---|---|---|
| 2026 | -45.34% | +5.89% |
| 2025 | -14.16% | +20.08% |
| 2024 | -3.54% | +20.55% |
| 2023 | N/A | +29.77% |
| 2022 | N/A | -32.92% |
| 2021 | N/A | +11.54% |
| 2020 | N/A | +9.84% |
ETHW vs GINN 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 GINN was -41.25%, occurring on Oct 14, 2022. Recovery took 756 trading sessions.
The current ETHW drawdown is -64.80%. The current GINN drawdown is -3.47%.
| Rank | ETHW | GINN |
|---|---|---|
| #1 | -67.57% Aug 22, 2025 - Jun 5, 2026 | -41.25% Nov 8, 2021 - Nov 11, 2024 |
| #2 | -64.04% Dec 6, 2024 - Aug 11, 2025 | -22.25% Feb 18, 2025 - Jun 26, 2025 |
| #3 | -35.81% Jul 23, 2024 - Nov 25, 2024 | -13.18% Jan 12, 2026 - May 6, 2026 |
| #4 | -12.71% Aug 13, 2025 - Aug 22, 2025 | -12.07% Feb 12, 2021 - Jun 28, 2021 |
| #5 | -5.28% Nov 25, 2024 - Nov 27, 2024 | -8.54% Oct 27, 2025 - Jan 12, 2026 |
| #6 | -1.79% Dec 4, 2024 - Dec 6, 2024 | -8.25% Sep 7, 2021 - Nov 3, 2021 |
| #7 | -1.07% Nov 27, 2024 - Dec 4, 2024 | -6.03% Jun 1, 2026 - Jun 10, 2026 |
| #8 | N/A | -5.65% Dec 6, 2024 - Jan 24, 2025 |
| #9 | N/A | -4.53% Jun 29, 2021 - Aug 25, 2021 |
| #10 | N/A | -3.91% Jul 23, 2025 - Aug 13, 2025 |
| #11 | N/A | -3.91% Oct 6, 2025 - Oct 27, 2025 |
| #12 | N/A | -3.90% Jan 25, 2021 - Feb 3, 2021 |
| #13 | N/A | -3.69% Nov 11, 2024 - Nov 25, 2024 |
| #14 | N/A | -2.20% Nov 9, 2020 - Nov 16, 2020 |
| #15 | N/A | -2.17% May 14, 2026 - May 21, 2026 |
Correlation
Correlation between ETHW and GINN is 0.03 which considered as a very weak or no correlation - the stocks move independently of each other.
0.03
-101
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