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

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.

-20.00%0.00%20.00%40.00%60.00%JuneJulyAugustSeptemberOctoberNovember
53.90%
-6.06%
BITW
SOL

Returns By Period

In the year-to-date period, BITW achieves a 148.29% return, which is significantly higher than SOL's -31.87% return.


BITW

YTD

148.29%

1M

55.77%

6M

53.90%

1Y

158.80%

5Y (annualized)

N/A

10Y (annualized)

N/A

SOL

YTD

-31.87%

1M

-25.30%

6M

-6.06%

1Y

-31.62%

5Y (annualized)

4.13%

10Y (annualized)

-16.24%

Fundamentals


BITWSOL

Key characteristics


BITWSOL
Sharpe Ratio2.66-0.39
Sortino Ratio2.88-0.14
Omega Ratio1.380.98
Calmar Ratio1.93-0.30
Martin Ratio12.69-0.93
Ulcer Index13.49%32.06%
Daily Std Dev64.36%75.97%
Max Drawdown-96.46%-99.38%
Current Drawdown-58.65%-98.66%

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Correlation

-0.50.00.51.00.2

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.

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 2.66, compared to the broader market-4.00-2.000.002.004.002.66-0.39
The chart of Sortino ratio for BITW, currently valued at 2.88, compared to the broader market-4.00-2.000.002.004.002.88-0.14
The chart of Omega ratio for BITW, currently valued at 1.38, compared to the broader market0.501.001.502.001.380.98
The chart of Calmar ratio for BITW, currently valued at 1.93, compared to the broader market0.002.004.006.001.93-0.31
The chart of Martin ratio for BITW, currently valued at 12.69, compared to the broader market-10.000.0010.0020.0030.0012.69-0.93
BITW
SOL

The current BITW Sharpe Ratio is 2.66, which is higher than the SOL Sharpe Ratio of -0.39. 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-1.000.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
2.66
-0.39
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%JuneJulyAugustSeptemberOctoberNovember
-58.65%
-94.46%
BITW
SOL

Volatility

BITW vs. SOL - Volatility Comparison

The current volatility for Bitwise 10 Crypto Index Fund (BITW) is 21.25%, while ReneSola Ltd (SOL) has a volatility of 25.05%. 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.


10.00%15.00%20.00%25.00%JuneJulyAugustSeptemberOctoberNovember
21.25%
25.05%
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