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:
0.82
^NDX:
-0.20
BITW:
1.49
^NDX:
-0.12
BITW:
1.17
^NDX:
0.98
BITW:
0.57
^NDX:
-0.19
BITW:
2.94
^NDX:
-0.77
BITW:
15.74%
^NDX:
5.46%
BITW:
56.36%
^NDX:
21.42%
BITW:
-96.46%
^NDX:
-82.90%
BITW:
-65.00%
^NDX:
-21.55%
Returns By Period
In the year-to-date period, BITW achieves a -19.39% return, which is significantly lower than ^NDX's -17.20% return.
BITW
-19.39%
-9.52%
65.14%
41.47%
N/A
N/A
^NDX
-17.20%
-15.66%
-13.16%
-2.69%
18.29%
14.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
BITW vs. ^NDX — Risk-Adjusted Performance Rank
BITW
^NDX
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 16.23% compared to NASDAQ 100 (^NDX) at 10.70%. 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.