BITW vs. ^NDX
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITW or ^NDX.
Correlation
The correlation between BITW and ^NDX is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITW vs. ^NDX - Performance Comparison
Key characteristics
BITW:
2.33
^NDX:
1.57
BITW:
2.66
^NDX:
2.11
BITW:
1.35
^NDX:
1.28
BITW:
1.73
^NDX:
2.09
BITW:
11.36
^NDX:
7.44
BITW:
13.50%
^NDX:
3.81%
BITW:
65.90%
^NDX:
18.09%
BITW:
-96.46%
^NDX:
-82.90%
BITW:
-57.34%
^NDX:
-2.69%
Returns By Period
In the year-to-date period, BITW achieves a 156.16% return, which is significantly higher than ^NDX's 27.80% return.
BITW
156.16%
0.70%
78.72%
148.64%
N/A
N/A
^NDX
27.80%
3.50%
10.42%
28.17%
19.89%
17.47%
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Risk-Adjusted Performance
BITW vs. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and NASDAQ 100 (^NDX). 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.
Drawdowns
BITW vs. ^NDX - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for BITW and ^NDX. For additional features, visit the drawdowns tool.
Volatility
BITW vs. ^NDX - Volatility Comparison
Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 19.72% compared to NASDAQ 100 (^NDX) at 5.42%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.