Bitwise 10 Crypto Index Fund (BITW)

The chart shows the growth of $10,000 invested in Bitwise 10 Crypto Index Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $8,933 for a total return of roughly -10.67%. All prices are adjusted for splits and dividends.

Bitwise 10 Crypto Index Fund had a return of 99.63% year-to-date (YTD) and -65.27% in the last 12 months. Over the past 10 years, Bitwise 10 Crypto Index Fund had an annualized return of -4.80%, while the S&P 500 had an annualized return of 3.95%, indicating that Bitwise 10 Crypto Index Fund did not perform as well as the benchmark.

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 10 Crypto Index Fund Sharpe ratio is -0.83. 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.

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

The table below shows the maximum drawdowns of the Bitwise 10 Crypto Index Fund. 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 10 Crypto Index Fund is 96.46%, recorded on Dec 28, 2022. The portfolio has not recovered from it yet.

Current Bitwise 10 Crypto Index Fund volatility is 81.32%. 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.