BITW vs. ILS
BITW (Bitwise 10 Crypto Index ETF) and ILS (Brookmont Catastrophic Bond ETF) are both exchange-traded funds - BITW is a Cryptocurrency fund tracking the Bitwise 10 Large Cap Crypto Index, while ILS is a Nontraditional Bonds fund actively managed by Brookmont. BITW is passively managed, while ILS is actively managed. Over the past year, BITW returned -42.84% vs 7.63% for ILS. Their -0.09 correlation means they have often moved in opposite directions in the past. BITW charges 0.75%/yr vs 1.58%/yr for ILS.
Performance
BITW vs. ILS - Performance Comparison
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Returns By Period
In the year-to-date period, BITW achieves a -29.75% return, which is significantly lower than ILS's 3.55% return.
BITW
- 1D
- 0.66%
- 1M
- 4.51%
- 6M
- -17.92%
- YTD
- -29.75%
- 1Y
- -42.84%
- 3Y*
- 48.44%
- 5Y*
- 0.56%
- 10Y*
- —
- ALL TIME*
- 23.73%
ILS
- 1D
- 0.00%
- 1M
- 0.99%
- 6M
- 3.21%
- YTD
- 3.55%
- 1Y
- 7.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.51M | $1.45M | $2.54M | |
| $448.54K | $510.06K | $623.45K |
BITW vs. ILS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITW Bitwise 10 Crypto Index ETF | -29.75% | 17.71% |
ILS Brookmont Catastrophic Bond ETF | 3.55% | 3.54% |
Correlation
The correlation between BITW and ILS is -0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.09 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2025 | -0.09 |
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Return for Risk
BITW vs. ILS — Risk / Return Rank
BITW
ILS
BITW vs. ILS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index ETF (BITW) and Brookmont Catastrophic Bond ETF (ILS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BITW | ILS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.98 | ||
| Sortino ratioReturn per unit of downside risk | -6.39 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.72 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 13.85 | -14.61 |
| Martin ratioReturn relative to average drawdown | -1.15 | 51.98 | -53.14 |
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Drawdowns
BITW vs. ILS - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than ILS's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for BITW and ILS.
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Drawdown Indicators
| BITW | ILS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -2.46% | -94.00% |
Max Drawdown (1Y)Largest decline over 1 year | -56.45% | -0.55% | -55.90% |
Max Drawdown (3Y)Largest decline over 3 years | -56.45% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -91.93% | — | — |
Current DrawdownCurrent decline from peak | -70.30% | 0.00% | -70.30% |
Average DrawdownAverage peak-to-trough decline | -69.58% | -0.50% | -69.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.18% | 0.15% | +37.03% |
Volatility
BITW vs. ILS - Volatility Comparison
Bitwise 10 Crypto Index ETF (BITW) has a higher volatility of 8.53% compared to Brookmont Catastrophic Bond ETF (ILS) at 0.41%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than ILS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITW | ILS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 0.41% | +8.12% |
Volatility (6M)Calculated over the trailing 6-month period | 35.28% | 1.46% | +33.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.69% | 2.46% | +47.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.91% | 3.64% | +60.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 107.36% | 3.64% | +103.72% |
BITW vs. ILS - Expense Ratio Comparison
BITW has a 0.75% expense ratio, which is lower than ILS's 1.58% expense ratio.
Dividends
BITW vs. ILS - Dividend Comparison
BITW has not paid dividends to shareholders, while ILS's dividend yield for the trailing twelve months is around 8.13%.
| Position | TTM | 2025 |
|---|---|---|
BITW Bitwise 10 Crypto Index ETF | 0.00% | 0.00% |
ILS Brookmont Catastrophic Bond ETF | 8.13% | 6.06% |
Frequently Asked Questions
BITW and ILS have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITW has higher volatility (8.53%) compared to ILS (0.41%). In terms of maximum drawdown, BITW dropped -96.46% vs ILS's -2.46%.
On 1-year performance, ILS leads with 7.63% vs -42.84% for BITW. On fees, BITW is cheaper at 0.75% per year. On volatility, ILS has been the lower-risk option at 0.41%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ILS has performed better with a 7.63% return vs -42.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BITW is cheaper with a 0.75% expense ratio, compared with 1.58% for ILS.
ILS has the higher dividend yield at 8.13%, compared with 0.00% for BITW.
BITW is categorized as Cryptocurrency, while ILS is Nontraditional Bonds. They also come from different issuers: Bitwise and Brookmont. Their fees differ too: 0.75% for BITW and 1.58% for ILS.
ILS currently has the higher Sharpe Ratio (3.11 vs -0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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