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

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.

-20.00%0.00%20.00%40.00%60.00%80.00%JuneJulyAugustSeptemberOctoberNovember
52.53%
59.12%
BITW
BITQ

Returns By Period

In the year-to-date period, BITW achieves a 152.10% return, which is significantly higher than BITQ's 69.97% return.


BITW

YTD

152.10%

1M

63.02%

6M

61.13%

1Y

158.80%

5Y (annualized)

N/A

10Y (annualized)

N/A

BITQ

YTD

69.97%

1M

24.68%

6M

67.52%

1Y

160.22%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


BITWBITQ
Sharpe Ratio2.502.36
Sortino Ratio2.782.92
Omega Ratio1.361.33
Calmar Ratio1.822.15
Martin Ratio11.939.45
Ulcer Index13.49%17.50%
Daily Std Dev64.23%70.18%
Max Drawdown-96.46%-90.32%
Current Drawdown-58.02%-39.75%

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Correlation

-0.50.00.51.00.6

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.

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.


Sharpe ratio
The chart of Sharpe ratio for BITW, currently valued at 2.50, compared to the broader market-4.00-2.000.002.004.002.502.36
The chart of Sortino ratio for BITW, currently valued at 2.78, compared to the broader market-4.00-2.000.002.004.002.782.92
The chart of Omega ratio for BITW, currently valued at 1.36, compared to the broader market0.501.001.502.001.361.33
The chart of Calmar ratio for BITW, currently valued at 2.07, compared to the broader market0.002.004.006.002.072.15
The chart of Martin ratio for BITW, currently valued at 11.93, compared to the broader market0.0010.0020.0030.0011.939.45
BITW
BITQ

The current BITW Sharpe Ratio is 2.50, which is comparable to the BITQ Sharpe Ratio of 2.36. 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 Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.50
2.36
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 0.89%.


TTM202320222021
BITW
Bitwise 10 Crypto Index Fund
0.00%0.00%0.00%0.00%
BITQ
Bitwise Crypto Industry Innovators ETF
0.89%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%JuneJulyAugustSeptemberOctoberNovember
-18.78%
-39.75%
BITW
BITQ

Volatility

BITW vs. BITQ - Volatility Comparison

The current volatility for Bitwise 10 Crypto Index Fund (BITW) is 20.75%, while Bitwise Crypto Industry Innovators ETF (BITQ) has a volatility of 28.18%. 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%JuneJulyAugustSeptemberOctoberNovember
20.75%
28.18%
BITW
BITQ