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.
Key characteristics
| BITW | ^NDX | |
|---|---|---|
| YTD Return | 105.18% | 25.02% |
| 1Y Return | 144.85% | 33.04% |
| 3Y Return (Ann) | -1.70% | 9.12% |
| Sharpe Ratio | 1.94 | 2.05 |
| Sortino Ratio | 2.38 | 2.71 |
| Omega Ratio | 1.31 | 1.37 |
| Calmar Ratio | 1.42 | 2.64 |
| Martin Ratio | 9.30 | 9.55 |
| Ulcer Index | 13.49% | 3.76% |
| Daily Std Dev | 64.57% | 17.53% |
| Max Drawdown | -96.46% | -82.90% |
| Current Drawdown | -65.83% | -0.38% |
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
In the year-to-date period, BITW achieves a 105.18% return, which is significantly higher than ^NDX's 25.02% 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
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 19.29% compared to NASDAQ 100 (^NDX) at 4.91%. 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.