BITQ vs. BITW
Compare and contrast key facts about Bitwise Crypto Industry Innovators ETF (BITQ) and Bitwise 10 Crypto Index Fund (BITW).
BITQ is a passively managed fund by Exchange Traded Concepts that tracks the performance of the Bitwise Crypto Innovators 30 Total Return. It was launched on May 11, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITQ or BITW.
Key characteristics
| BITQ | BITW | |
|---|---|---|
| YTD Return | 80.33% | 114.98% |
| 1Y Return | 200.74% | 136.20% |
| 3Y Return (Ann) | -13.58% | -0.16% |
| Sharpe Ratio | 2.72 | 2.19 |
| Sortino Ratio | 3.19 | 2.55 |
| Omega Ratio | 1.36 | 1.33 |
| Calmar Ratio | 2.41 | 1.59 |
| Martin Ratio | 10.89 | 10.46 |
| Ulcer Index | 17.46% | 13.50% |
| Daily Std Dev | 69.77% | 64.40% |
| Max Drawdown | -90.32% | -96.46% |
| Current Drawdown | -36.08% | -64.20% |
Correlation
The correlation between BITQ and BITW is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BITQ vs. BITW - Performance Comparison
In the year-to-date period, BITQ achieves a 80.33% return, which is significantly lower than BITW's 114.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BITQ vs. BITW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Crypto Industry Innovators ETF (BITQ) and Bitwise 10 Crypto Index Fund (BITW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BITQ vs. BITW - Dividend Comparison
BITQ's dividend yield for the trailing twelve months is around 0.84%, while BITW has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BITQ Bitwise Crypto Industry Innovators ETF | 0.84% | 1.51% | 0.00% | 3.12% |
BITW Bitwise 10 Crypto Index Fund | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BITQ vs. BITW - Drawdown Comparison
The maximum BITQ drawdown since its inception was -90.32%, smaller than the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for BITQ and BITW. For additional features, visit the drawdowns tool.
Volatility
BITQ vs. BITW - Volatility Comparison
Bitwise Crypto Industry Innovators ETF (BITQ) has a higher volatility of 26.13% compared to Bitwise 10 Crypto Index Fund (BITW) at 18.11%. This indicates that BITQ's price experiences larger fluctuations and is considered to be riskier than BITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.