BITW vs. SOL
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and ReneSola Ltd (SOL).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITW or SOL.
Key characteristics
| BITW | SOL | |
|---|---|---|
| YTD Return | 114.98% | -26.01% |
| 1Y Return | 136.20% | -17.21% |
| 3Y Return (Ann) | -0.16% | -39.84% |
| Sharpe Ratio | 2.19 | -0.21 |
| Sortino Ratio | 2.55 | 0.23 |
| Omega Ratio | 1.33 | 1.03 |
| Calmar Ratio | 1.59 | -0.16 |
| Martin Ratio | 10.46 | -0.50 |
| Ulcer Index | 13.50% | 31.73% |
| Daily Std Dev | 64.40% | 75.85% |
| Max Drawdown | -96.46% | -99.38% |
| Current Drawdown | -64.20% | -98.55% |
Fundamentals
| BITW | SOL |
|---|
Correlation
The correlation between BITW and SOL is 0.24, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BITW vs. SOL - Performance Comparison
In the year-to-date period, BITW achieves a 114.98% return, which is significantly higher than SOL's -26.01% return. 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. SOL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and ReneSola Ltd (SOL). 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. SOL - Dividend Comparison
Neither BITW nor SOL has paid dividends to shareholders.
Drawdowns
BITW vs. SOL - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, roughly equal to the maximum SOL drawdown of -99.38%. Use the drawdown chart below to compare losses from any high point for BITW and SOL. For additional features, visit the drawdowns tool.
Volatility
BITW vs. SOL - Volatility Comparison
The current volatility for Bitwise 10 Crypto Index Fund (BITW) is 18.11%, while ReneSola Ltd (SOL) has a volatility of 23.56%. This indicates that BITW experiences smaller price fluctuations and is considered to be less risky than SOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
BITW vs. SOL - Financials Comparison
This section allows you to compare key financial metrics between Bitwise 10 Crypto Index Fund and ReneSola Ltd. 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