BITW vs. BTC-USD
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and Bitcoin (BTC-USD).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITW or BTC-USD.
Key characteristics
| BITW | BTC-USD | |
|---|---|---|
| YTD Return | 105.18% | 114.32% |
| 1Y Return | 144.85% | 154.90% |
| 3Y Return (Ann) | -1.70% | 11.43% |
| Sharpe Ratio | 1.94 | 1.07 |
| Sortino Ratio | 2.38 | 1.78 |
| Omega Ratio | 1.31 | 1.17 |
| Calmar Ratio | 1.42 | 0.91 |
| Martin Ratio | 9.30 | 4.39 |
| Ulcer Index | 13.49% | 13.18% |
| Daily Std Dev | 64.57% | 44.55% |
| Max Drawdown | -96.46% | -93.07% |
| Current Drawdown | -65.83% | 0.00% |
Correlation
The correlation between BITW and BTC-USD is 0.52, 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. BTC-USD - Performance Comparison
In the year-to-date period, BITW achieves a 105.18% return, which is significantly lower than BTC-USD's 114.32% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and Bitcoin (BTC-USD). 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. BTC-USD - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, roughly equal to the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for BITW and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
BITW vs. BTC-USD - Volatility Comparison
Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 19.67% compared to Bitcoin (BTC-USD) at 15.70%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.