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BITW vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Performance

BITW vs. GBTC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise 10 Crypto Index Fund (BITW) and Grayscale Bitcoin Trust (BTC) (GBTC). The values are adjusted to include any dividend payments, if applicable.

-40.00%-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
53.91%
28.18%
BITW
GBTC

Returns By Period

In the year-to-date period, BITW achieves a 154.36% return, which is significantly higher than GBTC's 127.82% return.


BITW

YTD

154.36%

1M

66.01%

6M

53.91%

1Y

161.13%

5Y (annualized)

N/A

10Y (annualized)

N/A

GBTC

YTD

127.82%

1M

49.29%

6M

28.18%

1Y

159.01%

5Y (annualized)

53.55%

10Y (annualized)

N/A

Fundamentals


BITWGBTC

Key characteristics


BITWGBTC
Sharpe Ratio2.512.72
Sortino Ratio2.793.07
Omega Ratio1.361.37
Calmar Ratio1.823.39
Martin Ratio11.9510.29
Ulcer Index13.49%15.45%
Daily Std Dev64.23%58.45%
Max Drawdown-96.46%-89.91%
Current Drawdown-57.64%0.00%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Correlation

-0.50.00.51.00.7

The correlation between BITW and GBTC is 0.67, 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. GBTC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and Grayscale Bitcoin Trust (BTC) (GBTC). 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 2.51, compared to the broader market-4.00-2.000.002.004.002.512.72
The chart of Sortino ratio for BITW, currently valued at 2.79, compared to the broader market-4.00-2.000.002.004.002.793.07
The chart of Omega ratio for BITW, currently valued at 1.36, compared to the broader market0.501.001.502.001.361.37
The chart of Calmar ratio for BITW, currently valued at 1.82, compared to the broader market0.002.004.006.001.823.39
The chart of Martin ratio for BITW, currently valued at 11.95, compared to the broader market0.0010.0020.0030.0011.9510.29
BITW
GBTC

The current BITW Sharpe Ratio is 2.51, which is comparable to the GBTC Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of BITW and GBTC, 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 Ratio2.003.004.005.006.00JuneJulyAugustSeptemberOctoberNovember
2.51
2.72
BITW
GBTC

Dividends

BITW vs. GBTC - Dividend Comparison

Neither BITW nor GBTC has paid dividends to shareholders.


TTM2023202220212020201920182017
BITW
Bitwise 10 Crypto Index Fund
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
GBTC
Grayscale Bitcoin Trust (BTC)
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.23%

Drawdowns

BITW vs. GBTC - Drawdown Comparison

The maximum BITW drawdown since its inception was -96.46%, which is greater than GBTC's maximum drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BITW and GBTC. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-57.64%
0
BITW
GBTC

Volatility

BITW vs. GBTC - Volatility Comparison

Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 20.79% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 17.87%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
20.79%
17.87%
BITW
GBTC

Financials

BITW vs. GBTC - Financials Comparison

This section allows you to compare key financial metrics between Bitwise 10 Crypto Index Fund and Grayscale Bitcoin Trust (BTC). You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items