BITW vs. SOXX
BITW (Bitwise 10 Crypto Index Fund) is a stock, while SOXX (iShares Semiconductor ETF) is Semiconductors fund tracking the NYSE Semiconductor Index. Over the past 5 years, BITW returned -0.81%/yr vs 33.69%/yr for SOXX. At a 0.35 correlation, their price movements are largely independent.
Performance
BITW vs. SOXX - Performance Comparison
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Returns By Period
In the year-to-date period, BITW achieves a -31.38% return, which is significantly lower than SOXX's 98.11% return.
BITW
- 1D
- -0.37%
- 1M
- -20.68%
- YTD
- -31.38%
- 6M
- -34.10%
- 1Y
- -35.34%
- 3Y*
- 61.40%
- 5Y*
- -0.81%
- 10Y*
- —
SOXX
- 1D
- 1.59%
- 1M
- 17.25%
- YTD
- 98.11%
- 6M
- 99.51%
- 1Y
- 171.57%
- 3Y*
- 53.00%
- 5Y*
- 33.69%
- 10Y*
- 35.55%
BITW vs. SOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BITW Bitwise 10 Crypto Index Fund | -31.38% | -2.63% | 160.69% | 331.10% | -85.92% | -36.83% | 403.25% |
SOXX iShares Semiconductor ETF | 98.11% | 40.74% | 12.92% | 67.12% | -35.09% | 44.09% | 15.80% |
Correlation
The correlation between BITW and SOXX is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.35 |
The correlation between BITW and SOXX shifts across timeframes, from 0.35 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BITW vs. SOXX — Risk / Return Rank
BITW
SOXX
BITW vs. SOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and iShares Semiconductor ETF (SOXX). 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 | SOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.19 | ||
| Sortino ratioReturn per unit of downside risk | -5.34 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.62 | -0.73 |
| Calmar ratioReturn relative to maximum drawdown | -0.68 | 10.50 | -11.18 |
| Martin ratioReturn relative to average drawdown | -1.19 | 38.20 | -39.39 |
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Drawdowns
BITW vs. SOXX - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than SOXX's maximum drawdown of -70.21%. Use the drawdown chart below to compare losses from any high point for BITW and SOXX.
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Drawdown Indicators
| BITW | SOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.46% | -70.21% | -26.25% |
Max Drawdown (1Y)Largest decline over 1 year | -55.51% | -15.77% | -39.74% |
Max Drawdown (3Y)Largest decline over 3 years | -55.51% | -41.36% | -14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -91.93% | -45.75% | -46.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.75% | — |
Current DrawdownCurrent decline from peak | -70.99% | -3.16% | -67.83% |
Average DrawdownAverage peak-to-trough decline | -69.55% | -19.95% | -49.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 31.55% | 4.33% | +27.22% |
Volatility
BITW vs. SOXX - Volatility Comparison
The current volatility for Bitwise 10 Crypto Index Fund (BITW) is 12.56%, while iShares Semiconductor ETF (SOXX) has a volatility of 19.42%. This indicates that BITW experiences smaller price fluctuations and is considered to be less risky than SOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITW | SOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 19.42% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 37.05% | 31.46% | +5.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.59% | 37.35% | +12.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.86% | 36.73% | +29.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 108.52% | 33.77% | +74.75% |
Dividends
BITW vs. SOXX - Dividend Comparison
BITW has not paid dividends to shareholders, while SOXX's dividend yield for the trailing twelve months is around 0.28%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITW Bitwise 10 Crypto Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SOXX iShares Semiconductor ETF | 0.28% | 0.57% | 0.67% | 0.78% | 1.26% | 0.64% | 0.81% | 1.23% | 1.37% | 0.90% | 1.08% | 1.29% |
Frequently Asked Questions
BITW and SOXX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXX has higher volatility (19.42%) compared to BITW (12.56%). In terms of maximum drawdown, BITW dropped -96.46% vs SOXX's -70.21%.
SOXX currently has the higher Sharpe Ratio (4.43 vs -0.76), 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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