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BITC vs RISN

Bitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

BITCCNYSE Arca

Inspire Capital Appreciation ETF

RISNANYSE Arca

Overlap

Expense ratio

RISN −0.16pt a year

BITC0.88%RISN0.72%

Avg volume · 30D

RISN 3.7×the volume

BITC3.98KRISN14.8K

3Y return · a year

BITC +12.5pt

BITC+25.0%RISN+12.5%

BITC vs RISN Performance

Oct 31, 2025 – Nov 2, 2026

−4.4%BITC+4.8%RISN

Oct 31, 2025 to Nov 2, 2026. BITC −4.4%. RISN +4.8%. Use the arrow keys to read each point.−10%0%Oct 2025May 2026Nov 2026
Expense ratio
BITC 0.88%
RISN 0.72%, better
Fund size
BITC $14M
RISN $69M
1Y total return
BITC −4.4%
RISN +4.8%, better
Yield (12M)
BITC 3.26%, better
RISN 1.05%
Holdings
BITC 2
RISN 53
Avg volume (30D)
BITC 3.98K sh
RISN 14.8K sh, better
NAV per share
BITC $37.67
RISN $30.88
52W range

ETF.net Grade

BITC: Cost 59, Risk 13, Mission not scored, Tradability 44, Holdings not scored, Durability 51. RISN: Cost 76, Risk 46, Mission 85, Tradability 64, Holdings 80, Durability 68.
Pillar letters and Scores for BITC, RISN, with each pillar’s weight
PillarBITCRISN
Cost30% weightB59A76Higher
Mission25% weightNot scoredA85
Risk15% weightF13C46Higher
Tradability15% weightC44B64Higher
Holdings10% weightNot scoredA80
Durability5% weightC51B68Higher

Rank among Tactical Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BITC and RISN are both graded against the same 46 Tactical Allocation funds, so their Grades compare head to head.

Tactical Allocation⁠

Category · 46 funds
See all 46 ›

RISN ranks 4th and BITC 34th of 46 funds in the Tactical Allocation Category.

  1. Rank 1AENDWCambria Endowment Style ETFScore 81
  2. Rank 2AGMODGMO Dynamic Allocation ETFScore 76
  3. Rank 3APTBDPacer Trendpilot US Bond ETFScore 72
  4. Rank 4ARISNInspire Capital Appreciation ETFScore 71
  5. Rank 5BPBLPGIM Portfolio Ballast ETFScore 69
  6. Rank 32CTSPXTwin Oak Active Opportunities ETFScore 45
  7. Rank 34CBITCBitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETFScore 44
  8. Rank 35CDYTASGI Dynamic Tactical ETFScore 41

Our read on each fund

ETF.net Research

BITCCBitwise Trendwise Bitcoin and Treasuries Rotation Strategy ETF

RISNAInspire Capital Appreciation ETF

In short

BITC Not a bitcoin fund, not a bond fund. BITC flips between bitcoin futures and Treasuries on a rules-based trend signal, holding one or the other rather than blending them. A momentum switch in an ordinary ETF wrapper, live since 2023.

RISN A tactical blend of U.S. large-cap stocks and U.S. bonds from a values-screening shop, built to chase long-term growth with less turbulence than the large-cap market, at a fee below the typical tactical peer.

Stated mandate

BITC The Fund seeks capital appreciation through a rules-based rotation between bitcoin futures and U.S. Treasuries based on market momentum.

RISN The fund seeks long-term capital appreciation with lower volatility than the U.S. large-cap stock market.

Why people hold it

  • BITC Binary by design: a rules-based momentum signal decides whether the fund sits in bitcoin futures or in U.S. Treasuries, so the switch is mechanical rather than a judgment call.
  • Crypto-linked exposure via bitcoin futures inside a 1940 Act ETF, so it lives in a normal brokerage account with no wallets or private keys.
  • Running since March 2023, so the rotation rules have been through real bitcoin swings rather than just a backtest.sec.gov
  • RISN Charges 0.72% a year, under the going rate for tactical multi-asset funds that actively shift their mix.
  • One ticket holds U.S. large-cap equities alongside U.S. fixed income, with the stated aim of long-term appreciation at lower volatility than U.S. large caps.
  • One of the stronger implementations in a crowded tactical multi-asset field, with a live record going back to its 2020 launch.
  • Pays out quarterly, so the bond sleeve shows up as scheduled cash rather than a once-a-year surprise.

Worth knowing

  • BITC Fee is 0.88% net of a waiver through May 1, 2027 (1.12% gross), near the category median but above cheaper tactical peers like ENDW at 0.22% and PBL at 0.45%.
  • Trend signals react after a move, not before, so choppy markets can mean stepping out following a drop and back in after a bounce.
  • Small and lightly traded, so spreads can run wider than in mainstream multi-asset funds.
  • RISN Thinly traded and modest in size, so bid-ask spreads can matter more than the fee does. Limit orders are the standard workaround.
  • Tactical means judgment calls: the allocation can look nothing like a fixed stock/bond blend at any given moment.
  • Cheap for tactical, not cheap outright. Peers such as ENDW (0.22%) and ONOF (0.39%) run at a fraction of the fee.

Full BITC profile⁠

Full RISN profile⁠

BITC vs RISN Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BITC vs RISN Cost

Overpaying BITC vs RISN

$2,748

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BITC 0.88%

    $16,705

  • RISN 0.72%

    $13,957

$10,000
30 years

Cost over time

  • BITC 0.88%
  • RISN 0.72%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530BITC $16,705RISN $13,957

Year by year

YearBITCRISNOverpaying
10$1,559$1,284$275
20$5,891$4,888$1,003
30$16,705$13,957$2,748

Expense ratio

  • 0.88%BITC
  • 0.72%RISN, cheaper
  • Middle half of Tactical Allocation funds
  • Median 0.93%

RISN 12th cheapest of 46 funds

BITC 20th cheapest of 46 funds

BITC vs RISN Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
BITC 3.26%, better
RISN 1.05%
Payout (12M)
BITC $1.23
RISN $0.32
Last payment
BITC $1.23
RISN $0.08
Ex-dividend
BITC Dec 26, 2025
RISN Sep 25, 2026
Paid on
BITC Dec 30, 2025
RISN Oct 1, 2026
Frequency
BITC Annual
RISN Quarterly

Distribution history

Per share, 2020 to 2026, same scale for both

BITCAnnual · 3 paymentsAll BITC payments⁠
One bar per payment. 3 payments from 2020 to 2026 YTD. Dec 22, 2023 $1.88; Dec 26, 2024 $20.22; Dec 26, 2025 $1.23. Use the arrow keys to read each point.$0$20202020232026YTD
RISNQuarterly · 24 paymentsAll RISN payments⁠
One bar per payment. 24 payments from 2020 to 2026 YTD. Sep 25, 2020 $0.03; Dec 14, 2020 $1.16; Dec 30, 2020 $0.01; Mar 26, 2021 $0.03; Jun 25, 2021 $0.05; Sep 24, 2021 $0.05; Dec 14, 2021 $2.65; Sep 23, 2022 $0.06; Dec 14, 2022 $0.23; Mar 27, 2023 $0.13; Jun 23, 2023 $0.15; Sep 22, 2023 $0.11; Dec 14, 2023 $0.13; Mar 27, 2024 $0.08; Jun 25, 2024 $0.06; Sep 25, 2024 $0.10; Dec 16, 2024 $0.13; Mar 27, 2025 $0.04; Jun 26, 2025 $0.06; Sep 26, 2025 $0.12; Dec 17, 2025 $0.07; Mar 27, 2026 $0.07; Jun 26, 2026 $0.10; Sep 25, 2026 $0.08. Use the arrow keys to read each point.$0$20202020232026YTD

BITC vs RISN Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BITC 43.7%RISN 11.4%, better
Return per unit of riskSharpe ratio, 3 years
BITC 0.61RISN 0.77, better
Worst fallMax drawdown, 5 years
BITC −33.2%since Mar 2023RISN −21.9%
Market sensitivityBeta, 5 years
BITC 1.53RISN 1.08

BITC and RISN in the news

All news⁠

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