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

Correlation

The correlation between BITW and SOL is 0.23, 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.


-0.50.00.51.00.2

Performance

BITW vs. SOL - Performance Comparison

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

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
402.92%
-56.46%
BITW
SOL

Key characteristics

Sharpe Ratio

BITW:

2.47

SOL:

-0.41

Sortino Ratio

BITW:

2.75

SOL:

-0.19

Omega Ratio

BITW:

1.36

SOL:

0.98

Calmar Ratio

BITW:

1.83

SOL:

-0.31

Martin Ratio

BITW:

12.06

SOL:

-0.90

Ulcer Index

BITW:

13.46%

SOL:

33.68%

Daily Std Dev

BITW:

65.76%

SOL:

74.01%

Max Drawdown

BITW:

-96.46%

SOL:

-99.38%

Current Drawdown

BITW:

-56.59%

SOL:

-98.69%

Fundamentals

Returns By Period

In the year-to-date period, BITW achieves a 160.69% return, which is significantly higher than SOL's -33.33% return.


BITW

YTD

160.69%

1M

4.96%

6M

75.51%

1Y

157.91%

5Y*

N/A

10Y*

N/A

SOL

YTD

-33.33%

1M

0.00%

6M

22.97%

1Y

-36.81%

5Y*

5.10%

10Y*

-13.12%

Compare stocks, funds, or ETFs

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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.


Sharpe ratio
The chart of Sharpe ratio for BITW, currently valued at 2.47, compared to the broader market-4.00-2.000.002.002.47-0.41
The chart of Sortino ratio for BITW, currently valued at 2.75, compared to the broader market-4.00-2.000.002.004.002.75-0.19
The chart of Omega ratio for BITW, currently valued at 1.36, compared to the broader market0.501.001.502.001.360.98
The chart of Calmar ratio for BITW, currently valued at 1.83, compared to the broader market0.002.004.006.001.83-0.32
The chart of Martin ratio for BITW, currently valued at 12.06, compared to the broader market-5.000.005.0010.0015.0020.0025.0012.06-0.90
BITW
SOL

The current BITW Sharpe Ratio is 2.47, which is higher than the SOL Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of BITW and SOL, 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 Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
2.47
-0.41
BITW
SOL

Dividends

BITW vs. SOL - Dividend Comparison

Neither BITW nor SOL has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%JulyAugustSeptemberOctoberNovemberDecember
-56.59%
-94.58%
BITW
SOL

Volatility

BITW vs. SOL - Volatility Comparison

Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 19.67% compared to ReneSola Ltd (SOL) at 18.53%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than SOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
19.67%
18.53%
BITW
SOL

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.


Quarterly
Annual

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


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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