BITW vs. BITQ
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and Bitwise Crypto Industry Innovators ETF (BITQ).
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: BITW or BITQ.
Key characteristics
| BITW | BITQ | |
|---|---|---|
| YTD Return | 114.98% | 80.33% |
| 1Y Return | 136.20% | 200.74% |
| 3Y Return (Ann) | -0.16% | -13.58% |
| Sharpe Ratio | 2.19 | 2.72 |
| Sortino Ratio | 2.55 | 3.19 |
| Omega Ratio | 1.33 | 1.36 |
| Calmar Ratio | 1.59 | 2.41 |
| Martin Ratio | 10.46 | 10.89 |
| Ulcer Index | 13.50% | 17.46% |
| Daily Std Dev | 64.40% | 69.77% |
| Max Drawdown | -96.46% | -90.32% |
| Current Drawdown | -64.20% | -36.08% |
Correlation
The correlation between BITW and BITQ 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
BITW vs. BITQ - Performance Comparison
In the year-to-date period, BITW achieves a 114.98% return, which is significantly higher than BITQ's 80.33% 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. BITQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and Bitwise Crypto Industry Innovators ETF (BITQ). 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
BITW vs. BITQ - Dividend Comparison
BITW has not paid dividends to shareholders, while BITQ's dividend yield for the trailing twelve months is around 0.84%.
| TTM | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
BITW Bitwise 10 Crypto Index Fund | 0.00% | 0.00% | 0.00% | 0.00% |
BITQ Bitwise Crypto Industry Innovators ETF | 0.84% | 1.51% | 0.00% | 3.12% |
Drawdowns
BITW vs. BITQ - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than BITQ's maximum drawdown of -90.32%. Use the drawdown chart below to compare losses from any high point for BITW and BITQ. For additional features, visit the drawdowns tool.
Volatility
BITW vs. BITQ - Volatility Comparison
The current volatility for Bitwise 10 Crypto Index Fund (BITW) is 18.11%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 26.13%. This indicates that BITW experiences smaller price fluctuations and is considered to be less risky than BITQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.