BWEBvsCDEIETF Comparison
VS
ETF 2
CDEI
Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF
Bitwise Web3 ETF (BWEB) belongs to the Next Generation Internet segment. Calvert US Large-Cap Diversity, Equity and Inclusion Index ETF (CDEI) is part of the segment. BWEB's top 3 sector exposures are Information Technology, Communication Services and Financials. In contrast, CDEI's top sector exposures are Information Technology, Financials and Communication Services. BWEB is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.14% for CDEI. BWEB is up 4.38% year-to-date (YTD) with - in YTD flows. CDEI performs worse with 3.53% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of BWEB and CDEI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BWEB vs CDEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BWEB CDEI | +12.76%+9.72% | +0.75%+3.25% | +4.38%+3.53% | +44.77%+30.70% | +159.83%+69.62% | n/an/a |
| Flows | BWEB CDEI | -- | -- | -- | +$2M-$12M | +$4M-$20M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BWEB CDEI | +41.67%+15.61% | +33.26%+12.36% | +34.01%+15.10% | n/an/a |
| Max drawdown | BWEB CDEI | -19.49%-9.35% | -31.43%-9.97% | -33.28%-19.34% | n/an/a |
| Max drawdown duration | BWEB CDEI | 79d76d | 179d95d | 194d127d | n/an/a |
Trading data
BWEB | CDEI | |
Last sale 4/27/2026 at 1:30 PM | $73.50 | $85.44 |
| Previous close 04/27/2026 | $73.78 | $85.54 |
| Consolidated volume 04/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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BWEB | CDEI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/27/2026 at 1:30 PM
Live
Closed
BWEB | CDEI | |
|---|---|---|
| Last price | $73.50 | $85.44 |
| 1D performance | -0.39% | -0.11% |
| AuM | $6.20 M | $17.07 M |
| E/R | 0.85% | 0.14% |
Characteristics
BWEB | CDEI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Bitwise | Morgan Stanley |
| Benchmark | Bitwise Web3 Equities Index | Calvert US Large-Cap Diversity Research Index |
| N° of holdings | 30 | 253 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 4, 2022 | February 1, 2023 |
| ESG | No | Yes |
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Exposure
Countries
BWEB
USA
71.47%
Other
28.53%
CDEI
USA
97.27%
Other
2.73%
Sectors
BWEB
Information Techn.
31.51%
Communication Ser.
25.75%
Financials
8.67%
Other
34.07%
CDEI
Information Techn.
42.9%
Financials
11.46%
Communication Ser.
11.31%
Health Care
10.81%
Other
23.52%
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Diversification
BWEB
Total weight of top 15 holdings out of 15
55.63%
CDEI
Total weight of top 15 holdings out of 15
54.86%
Top 15 holdings
Data as of March 31, 2026
BWEB
ROBLOX
7.42%
META PLATFORMS
7.40%
CLOUDFLARE INC
4.96%
EQUINIX INC COMMON STOCK REIT
4.91%
ELECTRONIC ARTS
4.70%
TAKE TWO
3.34%
UNITY SOFTWARE
3.34%
ROBINHOOD MARKETS
3.28%
COINBASE GLOBAL
3.23%
BLOCK INC
3.02%
APPLIED BLOCKCHAIN
2.44%
TERAWULF INC
2.20%
CIPHER MINING INC
1.87%
HUT 8 MINING CORP
1.78%
EXXON
1.76%
CDEI
NVIDIA
8.87%
APPLE
8.23%
ALPHABET INC-CL
7.14%
MICROSOFT-T
6.49%
JPMORGAN CHASE
3.38%
AMAZON.COM INC
3.32%
LILLY
3.14%
VISA INCORPORATION
2.50%
MASTERCARD
2.00%
NETFLIX
1.99%
BK OF AMERICA CO
1.72%
PROCTERGAMBLE
1.65%
CISCO-T
1.51%
MERCK & CO INC
1.46%
COCA-COLA
1.46%
Frequently asked questions about BWEB and CDEI
How have the BWEB and CDEI ETFs performed in 2026?
As of April 24, 2026, BWEB is up 4.38% year-to-date (YTD), while CDEI has returned 3.53%. That puts BWEB better performer ahead so far this year.
Which ETF is attracting more investor money: BWEB or CDEI?
Year-to-date, the BWEB ETF saw - in flows, compared to - for CDEI.
Which ETF is more volatile: BWEB or CDEI?
Over the past year, BWEB had a volatility of 33.26%, while CDEI experienced 12.36%.
Which ETF is bigger: BWEB or CDEI?
As of April 24, 2026, BWEB holds $6.20 M in assets under management (AUM), while CDEI manages $17.07 M.
What sectors do the BWEB and CDEI ETFs invest in?
BWEB leans toward sectors like Information Technology, Communication Services and Financials. Meanwhile, CDEI focuses on Information Technology, Financials and Communication Services.
What are the top holdings of the BWEB ETF and CDEI ETF?
BWEB top holdings include ROBLOX, META PLATFORMS and CLOUDFLARE INC. CDEI holds in its top three: NVIDIA, APPLE and ALPHABET INC-CL.
Which ETF is more diversified: BWEB or CDEI?
BWEB holds 31 securities with 55.63% of its assets in the top 15. CDEI has 258 securities and a top 15 weight of 54.86%.
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Latest news about BWEB & CDEI
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Morgan Stanley Launches Six New ESG-Focused ETFs
February 16, 2023
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Learn about Web 3 with the Bitwise Web3 ETF
December 12, 2022
BWEB
Bitwise Asset Management's Matthew Hougan
December 5, 2022
BWEB
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Strategies for Investing in Web3 and Combating Surging Interest Rates
November 15, 2022
BWEB
Strategies for Investing in Web3 and Combating Surging Interest Rates
November 15, 2022
BWEB
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