WGMI vs ZNOV
CoinShares Bitcoin Mining and Digital Power ETF vs Innovator Equity Defined Protection ETF - 1 Yr November
Which is better, WGMI or ZNOV?
Each has led over a different period.
WGMI has a lower expense ratio. WGMI led over the full window, ZNOV over 1Y.
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 | WGMI | ZNOV |
|---|---|---|
| Expense Ratio | 0.75%Best | 0.79% |
| AUM | $194M | $105M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 57 | 15 |
| YTD Return | -19.60% | +5.16%Best |
| 1Y Return | -47.00% | +6.13%Best |
| 3Y Return (annualized) | +55.28% | - |
| Volatility (annualized) | 83.2% | 2.7%Best |
| Max Drawdown | -62.8% | -3.3%Best |
| $10,000 over 1.9 years | $15,954Best | $11,225 |
| Fund Family | Valkyrie Funds | Innovator ETFs Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Feb 7, 2022 | Nov 1, 2024 |
Not shown on this pair: 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 1, 2024 to Oct 14, 2026 (1.9 years).
WGMI vs ZNOV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
WGMI vs ZNOV Performance
CoinShares Bitcoin Mining and Digital Power ETF (WGMI) is an ETF from Valkyrie Funds and Innovator Equity Defined Protection ETF - 1 Yr November (ZNOV) is an ETF from Innovator ETFs Trust. Over the past year WGMI returned -47.00% while ZNOV returned +6.13%. Year to date, WGMI is down 19.60% versus a gain of 5.16% for ZNOV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
WGMI has been the more volatile fund, with annualized monthly volatility of 83.2% compared with 2.7% for ZNOV. 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 -62.8% for WGMI and -3.3% for ZNOV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.69. They move together some of the time, and apart the rest.
Fees and Cost Over Time
WGMI charges 0.75% per year while ZNOV charges 0.79%. On a $10,000 position that is $75 vs $79 annually, a gap of $4 per year that compounds over a long holding period. On income, WGMI currently yields 0.00% against 0.00% for ZNOV.
You are not choosing between two funds in isolation.
Whichever of WGMI and ZNOV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, WGMI or ZNOV?
WGMI has an expense ratio of 0.75% while ZNOV charges 0.79%. WGMI is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, WGMI or ZNOV?
Over the past year WGMI returned -47.00% vs +6.13% for ZNOV, so ZNOV leads on 1-year performance. Over the longest common window we track (2 years), WGMI annualized +27.87% vs +6.27% for ZNOV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, WGMI or ZNOV?
WGMI has been the more volatile fund at 83.2% annualized versus 2.7% for ZNOV. Worst drawdown: WGMI -62.8% vs ZNOV -3.3%.
Should I hold both WGMI and ZNOV?
WGMI and ZNOV have a monthly-return correlation of 0.69, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, WGMI or ZNOV?
WGMI yields 0.00% while ZNOV yields 0.00%, so ZNOV currently pays the higher dividend yield.
Is ZNOV better than WGMI?
WGMI has a lower expense ratio. WGMI led over the full window, ZNOV over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.