Data as of .
BLCK vs WGMI: which is really different?
BLCK and WGMI hold 37% of their weight in the same names.
ETFIQ Off-Index Score: BLCK scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
37% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, BLCK and WGMI hold 37% of their money in the same securities at the same weight.
| Holding | BLCK | WGMI |
|---|---|---|
| HUT 8 CORP | 4.93% | 10.81% |
| Riot Platforms Inc | 4.74% | 4.93% |
| IREN Ltd | 4.44% | 10.09% |
| Cipher Digital Inc | 3.95% | 18.17% |
| MARA Holdings Inc | 3.80% | 4.78% |
| Cleanspark Inc | 3.41% | 4.60% |
| Bitdeer Technologies Group | 2.86% | 4.69% |
| Hive Digital Technologies Ltd | 2.84% | 4.49% |
| Terawulf Inc | 3.25% | 2.83% |
| Soluna Holdings Inc | 1.60% | 2.02% |
| Galaxy Digital Inc | 3.27% | 0.64% |
| Block Inc | 1.85% | 0.52% |
| Only in BLCK | Only in WGMI |
|---|---|
| Coinbase Global Inc 7.88% | Keel Infrastructure Corp 10.74% |
| Circle Internet Group Inc 5.94% | Digi Power X Inc 4.13% |
| BitMine Immersion Technologies Inc 5.58% | ChronoScale Corp 2.17% |
| Robinhood Markets Inc 4.96% | NVIDIA Corp 2.02% |
| CME Group Inc 4.74% | Nebius Group NV 2.00% |
| Figure Technology Solutions Inc 4.21% | Whitefiber Inc 1.90% |
| PayPal Holdings Inc 2.62% | CoreWeave Inc 0.88% |
| Bullish 2.51% | AirJoule Technologies Corp 0.68% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| BLCK | WGMI | BLCK | WGMI | BLCK | WGMI | |
| 3 months | −6.1% | −31.4% | −8.3 pts | −33.6 pts | −3.6 pts | −28.9 pts |
| 6 months | not published | +31.4% | not published | +13.3 pts | not published | +7.1 pts |
| 1 year | not published | +20.4% | not published | +3.9 pts | not published | −1.3 pts |
| 3 years | not published | +380.3% | not published | +301.9 pts | not published | +282.1 pts |
| Since launch | −9.7% | +84.0% | −14.0 pts | +4.0 pts | −13.5 pts | −22.5 pts |
| BLCK Corgi Crypto Infrastructure ETF Holds 34 stocks in blockchain and crypto equities, 23% of its weight in S&P 500 companies | WGMI CoinShares Bitcoin Mining ETF Holds 27 stocks in blockchain and crypto equities, 2% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | Corgi | CoinShares |
| Theme | Blockchain and crypto equities | Blockchain and crypto equities |
| In the S&P 500 | 23.3% | 2.5% |
| Active share vs the S&P 500 | 99.5% | 97.9% |
| In the Nasdaq-100 | 2.6% | 2.0% |
| Holdings | 34 | 27 |
| Top ten, share of the fund | 51.4% | 77.4% |
| Expense ratio | 0.35% | 0.75% |
| Fee for the differing part | 0.35% | 0.77% |
| Total return, 1 year | −9.7% (since launch on May 6, 2026) | +20.4% |
| vs the S&P 500 | −14.0 pts | +3.9 pts |
| vs the Nasdaq-100 | −13.5 pts | −1.3 pts |
| Below its high | −10.4% | −31.4% |
| Net assets | $512,649 | $344m |
BLCK in plain words
By weight, 23% of BLCK's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 51% of the fund across 34 positions, as published by its issuer for Sep 18, 2026. Since it launched on May 6, 2026 the fund returned −9.7% with distributions reinvested against +4.3% for the S&P 500, so a holder was behind by 14.0 pts. It sits 10.4% below its all-time high of May 14, 2026.
WGMI in plain words
By weight, 2% of WGMI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 98%. The top ten holdings are 77% of the fund across 27 positions, as filed for Jun 30, 2026. Over the year to Sep 18, 2026 the fund returned +20.4% with distributions reinvested against +16.6% for the S&P 500, so a holder was ahead by 3.9 pts. It sits 31.4% below its all-time high of Jun 18, 2026.
Questions people ask
- Do BLCK and WGMI hold the same stocks?
- By their latest filings, 37% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, BLCK or WGMI?
- BLCK has 23% of its weight in S&P 500 names and WGMI has 2%, so BLCK differs more from the index.
- Which is cheaper, BLCK or WGMI?
- BLCK charges 0.35% a year and WGMI charges 0.75%, so BLCK is cheaper. Fees come from each fund's prospectus.
Other comparisons
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, BLCK against WGMI, data as of Sep 18, 2026. https://etfiq.com/compare/themes/blck-vs-wgmi Free to use with attribution; the underlying files are at Open data.