BITW vs. IRON
BITW (Bitwise 10 Crypto Index ETF) is Cryptocurrency fund tracking the Bitwise 10 Large Cap Crypto Index, while IRON (Disc Medicine Inc.) is a stock. Over the past 5 years, BITW returned 3.43%/yr vs 1.14%/yr for IRON. At a 0.10 correlation, their price movements are largely independent.
Performance
BITW vs. IRON - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BITW achieves a -30.09% return, which is significantly lower than IRON's -10.84% return.
BITW
- 1D
- 1.83%
- 1M
- -15.18%
- YTD
- -30.09%
- 6M
- -31.04%
- 1Y
- -33.61%
- 3Y*
- 53.76%
- 5Y*
- 3.43%
- 10Y*
- —
IRON
- 1D
- 0.01%
- 1M
- 5.96%
- YTD
- -10.84%
- 6M
- -10.99%
- 1Y
- 37.18%
- 3Y*
- 10.50%
- 5Y*
- 1.14%
- 10Y*
- —
BITW vs. IRON - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BITW Bitwise 10 Crypto Index ETF | -30.09% | -2.63% | 160.69% | 331.10% | -85.92% | -36.83% | 403.25% |
IRON Disc Medicine Inc. | -10.84% | 25.25% | 9.76% | 190.40% | -31.65% | -73.55% | -1.26% |
Correlation
The correlation between BITW and IRON is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.10 |
Fundamentals
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BITW vs. IRON — Risk / Return Rank
BITW
IRON
BITW vs. IRON - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index ETF (BITW) and Disc Medicine Inc. (IRON). 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 | IRON | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -2.07 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.18 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.61 | 0.92 | -1.53 |
| Martin ratioReturn relative to average drawdown | -1.04 | 1.96 | -2.99 |
Loading charts...
Drawdowns
BITW vs. IRON - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, roughly equal to the maximum IRON drawdown of -93.22%. Use the drawdown chart below to compare losses from any high point for BITW and IRON.
Loading charts...
Drawdown Indicators
| BITW | IRON | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -93.22% | -3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -55.51% | -40.55% | -14.96% |
Max Drawdown (3Y)Largest decline over 3 years | -55.51% | -64.79% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -91.93% | -81.46% | -10.47% |
Current DrawdownCurrent decline from peak | -70.45% | -60.67% | -9.78% |
Average DrawdownAverage peak-to-trough decline | -69.56% | -66.40% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.38% | 19.07% | +13.31% |
Volatility
BITW vs. IRON - Volatility Comparison
Bitwise 10 Crypto Index ETF (BITW) has a higher volatility of 13.95% compared to Disc Medicine Inc. (IRON) at 12.01%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than IRON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BITW | IRON | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | 12.01% | +1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 37.24% | 44.01% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.88% | 53.31% | -3.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.58% | 70.56% | -4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.37% | 69.36% | +39.01% |
Dividends
BITW vs. IRON - Dividend Comparison
Neither BITW nor IRON has paid dividends to shareholders.
Frequently Asked Questions
BITW and IRON have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BITW has higher volatility (13.95%) compared to IRON (12.01%). In terms of maximum drawdown, BITW dropped -96.46% vs IRON's -93.22%.
IRON currently has the higher Sharpe Ratio (0.70 vs -0.68), 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.
Find the right allocation for BITW and IRON
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer