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BITW vs. BITQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BITW and BITQ is 0.38, 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.


-0.50.00.51.0
Correlation: 0.4

Performance

BITW vs. BITQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise 10 Crypto Index Fund (BITW) and Bitwise Crypto Industry Innovators ETF (BITQ). The values are adjusted to include any dividend payments, if applicable.

-50.00%-40.00%-30.00%-20.00%-10.00%0.00%10.00%20.00%NovemberDecember2025FebruaryMarchApril
-20.66%
-26.01%
BITW
BITQ

Key characteristics

Sharpe Ratio

BITW:

1.10

BITQ:

0.31

Sortino Ratio

BITW:

1.79

BITQ:

0.95

Omega Ratio

BITW:

1.21

BITQ:

1.11

Calmar Ratio

BITW:

0.78

BITQ:

0.31

Martin Ratio

BITW:

3.69

BITQ:

0.97

Ulcer Index

BITW:

17.19%

BITQ:

21.66%

Daily Std Dev

BITW:

57.43%

BITQ:

67.63%

Max Drawdown

BITW:

-96.46%

BITQ:

-90.32%

Current Drawdown

BITW:

-59.93%

BITQ:

-56.60%

Returns By Period

In the year-to-date period, BITW achieves a -7.71% return, which is significantly higher than BITQ's -16.70% return.


BITW

YTD

-7.71%

1M

5.50%

6M

54.51%

1Y

65.82%

5Y*

N/A

10Y*

N/A

BITQ

YTD

-16.70%

1M

3.15%

6M

-6.89%

1Y

24.58%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

BITW vs. BITQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITW
The Risk-Adjusted Performance Rank of BITW is 8282
Overall Rank
The Sharpe Ratio Rank of BITW is 8686
Sharpe Ratio Rank
The Sortino Ratio Rank of BITW is 8383
Sortino Ratio Rank
The Omega Ratio Rank of BITW is 7878
Omega Ratio Rank
The Calmar Ratio Rank of BITW is 8080
Calmar Ratio Rank
The Martin Ratio Rank of BITW is 8282
Martin Ratio Rank

BITQ
The Risk-Adjusted Performance Rank of BITQ is 4949
Overall Rank
The Sharpe Ratio Rank of BITQ is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of BITQ is 6363
Sortino Ratio Rank
The Omega Ratio Rank of BITQ is 5454
Omega Ratio Rank
The Calmar Ratio Rank of BITQ is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BITQ is 4040
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The chart of Sharpe ratio for BITW, currently valued at 1.10, compared to the broader market-2.00-1.000.001.002.003.00
BITW: 1.10
BITQ: 0.31
The chart of Sortino ratio for BITW, currently valued at 1.79, compared to the broader market-6.00-4.00-2.000.002.004.00
BITW: 1.79
BITQ: 0.95
The chart of Omega ratio for BITW, currently valued at 1.21, compared to the broader market0.501.001.502.00
BITW: 1.21
BITQ: 1.11
The chart of Calmar ratio for BITW, currently valued at 1.01, compared to the broader market0.001.002.003.004.005.00
BITW: 1.01
BITQ: 0.31
The chart of Martin ratio for BITW, currently valued at 3.69, compared to the broader market-5.000.005.0010.0015.0020.00
BITW: 3.69
BITQ: 0.97

The current BITW Sharpe Ratio is 1.10, which is higher than the BITQ Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of BITW and BITQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00NovemberDecember2025FebruaryMarchApril
1.10
0.31
BITW
BITQ

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 1.08%.


TTM2024202320222021
BITW
Bitwise 10 Crypto Index Fund
0.00%0.00%0.00%0.00%0.00%
BITQ
Bitwise Crypto Industry Innovators ETF
1.08%0.90%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.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-22.48%
-56.60%
BITW
BITQ

Volatility

BITW vs. BITQ - Volatility Comparison

The current volatility for Bitwise 10 Crypto Index Fund (BITW) is 18.83%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 24.01%. 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.


10.00%15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
18.83%
24.01%
BITW
BITQ