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Bitwise Crypto Industry Innovators ETF (BITQ)

ETF · Currency in USD · Last updated Mar 26, 2023

BITQ is a passive ETF by Exchange Traded Concepts tracking the investment results of the Bitwise Crypto Innovators 30 Total Return. BITQ launched on May 11, 2021 and has a 0.85% expense ratio.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Bitwise Crypto Industry Innovators ETF in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $2,675 for a total return of roughly -73.25%. All prices are adjusted for splits and dividends.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2023FebruaryMarch
-73.25%
-5.19%
BITQ (Bitwise Crypto Industry Innovators ETF)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with BITQ

Popular comparisons: BITQ vs. BLOK, BITQ vs. FNGU, BITQ vs. TQQQ

Return

Bitwise Crypto Industry Innovators ETF had a return of 57.82% year-to-date (YTD) and -69.29% in the last 12 months. Over the past 10 years, Bitwise Crypto Industry Innovators ETF had an annualized return of -50.54%, outperforming the S&P 500 benchmark which had an annualized return of -2.81%.


PeriodReturnBenchmark
1 month-4.46%-0.66%
Year-To-Date57.82%3.42%
6 months-16.28%5.67%
1 year-69.29%-10.89%
5 years (annualized)-50.54%-2.81%
10 years (annualized)-50.54%-2.81%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202361.95%-2.73%
2022-14.99%-4.21%-28.83%-22.43%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Bitwise Crypto Industry Innovators ETF Sharpe ratio is -0.87. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.20-1.00-0.80-0.60-0.40-0.20NovemberDecember2023FebruaryMarch
-0.87
-0.47
BITQ (Bitwise Crypto Industry Innovators ETF)
Benchmark (^GSPC)

Dividend History

Bitwise Crypto Industry Innovators ETF granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM20222021
Dividend$0.00$0.00$0.66

Dividend yield

0.00%0.00%3.12%

Monthly Dividends

The table displays the monthly dividend distributions for Bitwise Crypto Industry Innovators ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.66

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-100.00%-80.00%-60.00%-40.00%-20.00%NovemberDecember2023FebruaryMarch
-83.87%
-17.21%
BITQ (Bitwise Crypto Industry Innovators ETF)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Bitwise Crypto Industry Innovators ETF. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Bitwise Crypto Industry Innovators ETF is 90.32%, recorded on Dec 28, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-90.32%Nov 10, 2021285Dec 28, 2022
-23.44%Sep 7, 202117Sep 29, 202121Oct 28, 202138
-22.6%Jun 15, 202124Jul 19, 202113Aug 5, 202137
-13.43%Aug 10, 20217Aug 18, 202112Sep 3, 202119
-11.88%May 17, 20215May 21, 202115Jun 14, 202120
-7.53%May 13, 20211May 13, 20211May 14, 20212
-0.13%Nov 4, 20211Nov 4, 20211Nov 5, 20212

Volatility Chart

Current Bitwise Crypto Industry Innovators ETF volatility is 80.87%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


20.00%40.00%60.00%80.00%100.00%120.00%NovemberDecember2023FebruaryMarch
80.87%
19.50%
BITQ (Bitwise Crypto Industry Innovators ETF)
Benchmark (^GSPC)