Bitwise Bitcoin Standard Corporations ETF (OWNB) Performance
OWNB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −11.1% since Dec 31, 2025
- 1 year
- −43.1% total return
- Since first price
- −14.3% since 2025
OWNB trailing returns vs SPY, QQQ, AGG
| Period | OWNB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −19.9% | −19.9% | −1.0% | −5.0% | +0.9% |
| 3 months | +6.6% | +6.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −10.8% | −10.8% | +7.8% | +8.4% | −1.5% |
| YTD | −11.1% | −11.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −43.1% | −43.5% | +14.4% | +15.9% | −1.1% |
| Since inceptionMar 11, 2025 | −14.3% | −14.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: OWNB vs SPY
From Mar 11, 2025: OWNB grew to $8,574, SPY to $13,939.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
OWNB returns by calendar year
2026 is year to date.
OWNB annual returns table
| Year | OWNB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −11.1% | −40.4% | +12.3% | +15.1% | −1.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
OWNB largest drawdowns
Now 49.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Oct 15, 2025 | −59.5% | Mar 30, 2026 | not yet | 5 months | 1.0 years so far |
| Mar 24, 2025 | −28.4% | Apr 8, 2025 | May 8, 2025 | 15 days | 45 days |
| Jul 16, 2025 | −22.5% | Sep 4, 2025 | Oct 6, 2025 | 50 days | 3 months |
| May 21, 2025 | −17.7% | May 30, 2025 | Jul 2, 2025 | 9 days | 42 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
OWNB risk statistics
| Statistic | Since 2025 |
|---|---|
| Annualized return | +2.0% |
| Volatility (annualized) | 52.3% |
| Sharpe ratio | 0.22 |
| Sortino ratio | 0.32 |
| Best month | +26.7% |
| Worst month | −22.5% |
| Best 12 months | −13.5% |
| Worst 12 months | −47.6% |
| Positive months | 61% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
OWNB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 8 | −47.6% | −30.8% | −13.5% | 0% |
Every holding period starting at a month-end since 2025. Returns for 3 years and longer are annualized.
OWNB performance overview
Bitwise Bitcoin Standard Corporations ETF (OWNB) returned −43.1% over the past year, with distributions reinvested. Since its first recorded price on Mar 11, 2025 it has returned −14.3%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −59.5%, from Oct 15, 2025 to Mar 30, 2026; the fund has not yet regained that high. Volatility has been 52.3% a year.
Related: OWNB chart, OWNB holdings, OWNB dividends. See the OWNB overview for the latest quote and fund facts.
OWNB performance FAQ
What is the OWNB return over the past year?
OWNB returned −43.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 43.5%.
How much would $10,000 invested in OWNB be worth?
$10,000 invested in OWNB at its first recorded close on March 11, 2025 would be worth about $8,574 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of OWNB?
The largest peak-to-trough decline was −59.5% between October 15, 2025 and March 30, 2026. It has not yet recovered to that high; it is 49.9% below its peak.
How volatile is OWNB?
Over the past history OWNB had an annualized volatility of 52.3% and a Sharpe ratio of 0.22 (excess return over 1–3 month T-bills per unit of risk).