Valkyrie Bitcoin Miners ETF (WGMI) Performance
WGMI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −24.1% since Dec 31, 2025
- 1 year
- −46.2% total return
- 3 years
- +46.3% a year
- Since first price
- +2.3% a year since 2022
WGMI trailing returns vs SPY, QQQ, AGG
| Period | WGMI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −41.7% | −41.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −50.2% | −50.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −42.1% | −42.1% | +7.8% | +8.4% | −1.5% |
| YTD | −24.1% | −24.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −46.2% | −46.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +213.0%+46.3%/yr | +211.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionFeb 7, 2022 | +11.5%+2.3%/yr | +10.9% | — | — | — |
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: WGMI vs SPY
From Feb 7, 2022: WGMI grew to $11,154, SPY to $18,103.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
WGMI returns by calendar year
3 of 3 full years positive. Best 2023 (+304.1%), worst 2024 (+23.5%). 2026 is year to date.
WGMI annual returns table
| Year | WGMI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −24.1% | −59.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +72.5% | −56.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +23.5% | −44.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +304.1% | −55.3% | +26.2% | +54.9% | +5.7% |
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.
WGMI largest drawdowns
Now 59.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 9, 2022 | −85.8% | Dec 28, 2022 | Nov 11, 2024 | 11 months | 2.8 years |
| Dec 6, 2024 | −62.8% | Apr 8, 2025 | Sep 2, 2025 | 4 months | 9 months |
| Jun 18, 2026 | −59.7% | Oct 23, 2026 | not yet | 4 months | 4 months so far |
| Oct 15, 2025 | −50.9% | Mar 30, 2026 | May 27, 2026 | 5 months | 7 months |
| Jun 2, 2026 | −17.0% | Jun 10, 2026 | Jun 18, 2026 | 8 days | 16 days |
| Nov 11, 2024 | −16.7% | Nov 26, 2024 | Dec 6, 2024 | 15 days | 25 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
WGMI risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +69.3% | +12.6% |
| Volatility (annualized) | 82.8% | 92.5% |
| Sharpe ratio | 0.97 | 0.49 |
| Sortino ratio | 1.92 | 0.92 |
| Best month | +61.6% | +98.7% |
| Worst month | −28.3% | −37.5% |
| Best 12 months | +313.4% | +313.4% |
| Worst 12 months | −30.1% | −70.4% |
| Positive months | 64% | 55% |
| Beta vs S&P 500 | 4.73 | — |
| Correlation with S&P 500 | 0.71 | — |
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.
WGMI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 45 | −70.4% | +49.5% | +313.4% | 84% |
| 3-year (a year) | 21 | −20.3% | +55.5% | +105.0% | 86% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
WGMI performance overview
Valkyrie Bitcoin Miners ETF (WGMI) returned −46.2% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +2.3% a year, turning $10,000 into about $11,154. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −85.8%, from Feb 9, 2022 to Dec 28, 2022, and it took 1.9 years to get back to the old high. WGMI finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+304.1%) and the worst 2024 (+23.5%). Volatility has been 92.5% a year.
Related: WGMI chart, WGMI holdings. See the WGMI overview for the latest quote and fund facts.
WGMI performance FAQ
What is the WGMI return over the past year?
WGMI returned −46.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 46.2%.
How much would $10,000 invested in WGMI be worth?
$10,000 invested in WGMI at its first recorded close on February 7, 2022 would be worth about $11,154 on October 23, 2026 with distributions reinvested.
What was the worst year for WGMI?
The worst calendar year was 2024, with a total return of +23.5%. The best was 2023 at +304.1%.
What is the biggest drawdown of WGMI?
The largest peak-to-trough decline was −85.8% between February 9, 2022 and December 28, 2022. It recovered to the old high on November 11, 2024, 1.9 years after the bottom.
How volatile is WGMI?
Over the past 3 years WGMI had an annualized volatility of 82.8% and a Sharpe ratio of 0.97 (excess return over 1–3 month T-bills per unit of risk).