BITW vs. GBTC
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and Grayscale Bitcoin Trust (BTC) (GBTC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITW or GBTC.
Key characteristics
| BITW | GBTC | |
|---|---|---|
| YTD Return | 105.18% | 105.98% |
| 1Y Return | 144.85% | 160.07% |
| 3Y Return (Ann) | -1.70% | 11.51% |
| Sharpe Ratio | 1.94 | 2.45 |
| Sortino Ratio | 2.38 | 2.89 |
| Omega Ratio | 1.31 | 1.35 |
| Calmar Ratio | 1.42 | 2.82 |
| Martin Ratio | 9.30 | 9.41 |
| Ulcer Index | 13.49% | 15.45% |
| Daily Std Dev | 64.57% | 59.25% |
| Max Drawdown | -96.46% | -89.91% |
| Current Drawdown | -65.83% | 0.00% |
Fundamentals
| BITW | GBTC |
|---|
Correlation
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.
Performance
BITW vs. GBTC - Performance Comparison
The year-to-date returns for both investments are quite close, with BITW having a 105.18% return and GBTC slightly higher at 105.98%. 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. 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.
Dividends
BITW vs. GBTC - Dividend Comparison
Neither BITW nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
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.
Volatility
BITW vs. GBTC - Volatility Comparison
Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 19.29% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 17.81%. 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.
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.
Total Revenue: Total amount of money received from sales and other business activities