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BWEBvsDEMZETF Comparison

ETF 1
BWEB

Bitwise Web3 ETF

This fund is part of
Next Generation Internet
-0.22%
Full BWEB fund page
VS
ETF 2
DEMZ

The Democratic Large-Cap Core ETF

This fund is part of
US Large Cap
-1.51%
Full DEMZ fund page

Bitwise Web3 ETF (BWEB) belongs to the Next Generation Internet segment. The Democratic Large-Cap Core ETF (DEMZ) is part of the US Large Cap segment. Both ETFs have the same top 3 sector exposures: Information Technology, Communication Services and Financials. BWEB is more expensive with a Total Expense Ratio (TER) of 0.85%, versus 0.45% for DEMZ. BWEB is down -3.3% year-to-date (YTD) with - in YTD flows. DEMZ performs better with -2.06% YTD performance, and +$3M in YTD flows. Run a side-by-side ETF comparison of BWEB and DEMZ 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 DEMZ performance and flow charts

Performance

-4.0-2.00.02.04.06.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

0 M0.2 M0.4 M0.6 M0.8 M1 MFeb 11Feb 19Feb 26Mar 5

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
BWEB
DEMZ
+4.74%-1.90%
-10.06%-2.65%
-3.30%-2.06%
+38.30%+24.08%
+164.67%+78.26%
n/a+83.21%
Flows
BWEB
DEMZ
-+$1M
-+$6M
-+$3M
+$2M+$8M
+$4M+$16M
-+$37M
Volatility and drawdown
3M1Y3Y5Y
Volatility
BWEB
DEMZ
+38.64%+14.89%
+37.07%+19.36%
+34.00%+15.88%
n/a+18.17%
Max drawdown
BWEB
DEMZ
-21.06%-6.36%
-31.31%-13.21%
-33.28%-19.10%
n/a-27.17%
Max drawdown duration
BWEB
DEMZ
51d43d
135d37d
194d187d
n/a719d
Trading data

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BWEB
DEMZ
Last sale
3/13/2026 at 1:30 PM
$66.59
$40.71
Previous close
03/12/2026
$66.74
$40.93
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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DEMZ
is actively managed and doesn’t replicate an index

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BWEB
DEMZ
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
BWEB
DEMZ
Last price
$66.59
$40.71
1D performance
-0.23%
-0.53%
AuM$5.75 M$55.35 M
E/R0.85%0.45%
Characteristics
BWEB
DEMZ
Management strategyPassiveActive
ProviderBitwiseReflection Asset Management
BenchmarkBitwise Web3 Equities Index-
N° of holdings2942
Asset classEquities-
Trailing 12m distribution yield
Join
Join
Inception dateOctober 4, 2022November 2, 2020
ESGNoNo
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Exposure

Countries

BWEB
USA
68.76%
Other
31.24%
DEMZ
USA
91.64%
Other
8.36%

Sectors

BWEB
Other
100%
DEMZ
Municipal
9.98%
Other
90.02%
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Diversification

BWEB

Total weight of top 15 holdings out of 15

56.45%
DEMZ

Total weight of top 15 holdings out of 15

56.04%

Top 15 holdings

Data as of January 31, 2026
BWEB
US30298GAQ55
8.97%
US769047KL40
6.44%
US19248Y1073
6.04%
Equifax, 3.25% 1jun2026, USD
5.12%
RTX, 4.625% 16nov2048, USD
3.95%
US18914E1064
3.82%
Electricite de France (EDF), 6.375% 13jan2055, USD
3.44%
US87268LAB36
2.96%
US03800RBG02
2.86%
US769047JL68
2.75%
Salt River Project, 5% 1jan2032, USD (2019)
2.32%
US850001AG33
2.29%
CINEMARK HOLDINGS
1.88%
US30227TAJ97
1.85%
US87268LAA52
1.77%
DEMZ
US51265KEN46
5.48%
Novant Health, 3.318% 1nov2061, USD
5.30%
US30298GAQ55
4.69%
Appalachian Power, 5.65% 1apr2034, USD (CC)
4.61%
Michigan State University, 5% 15aug2028, USD (2023A)
4.29%
Jurupa Unified School District, 4% 1aug2041, USD
3.95%
US031928AB01
3.76%
Lockheed Martin, 5.25% 15jan2033, USD
3.37%
Cosan S.A., 7.25% 27jun2031, USD
3.18%
Discover Bank, 3.45% 27jul2026, USD
3.17%
US654922AC70
3.06%
US613682AV57
3.00%
Wyeth, 5.95% 1apr2037, USD
2.92%
ALPHA PRO TECH
2.70%
ADVANCED MICRO DEVICES
2.56%
Frequently asked questions about BWEB and DEMZ

How have the BWEB and DEMZ ETFs performed in 2026?

As of March 11, 2026, BWEB is down -3.3% year-to-date (YTD), while DEMZ has lost -2.06%. That puts DEMZ better performer ahead so far this year.

Which ETF is attracting more investor money: BWEB or DEMZ?

Year-to-date, the BWEB ETF saw - in flows, compared to +$3M for DEMZ.

Which ETF is more volatile: BWEB or DEMZ?

Over the past year, BWEB had a volatility of 37.07%, while DEMZ experienced 19.36%.

Which ETF is bigger: BWEB or DEMZ?

As of March 11, 2026, BWEB holds $5.75 M in assets under management (AUM), while DEMZ manages $55.35 M.

What are the top holdings of the BWEB ETF and DEMZ ETF?

BWEB top holdings include US30298GAQ55, US769047KL40 and US19248Y1073. DEMZ holds in its top three: US51265KEN46, Novant Health, 3.318% 1nov2061, USD and US30298GAQ55.

Which ETF is more diversified: BWEB or DEMZ?

BWEB holds 31 securities with 56.45% of its assets in the top 15. DEMZ has 44 securities and a top 15 weight of 56.04%.

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