BITW vs. SPY
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITW or SPY.
Correlation
The correlation between BITW and SPY is 0.34, 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. SPY - Performance Comparison
Key characteristics
BITW:
1.08
SPY:
0.54
BITW:
1.77
SPY:
0.89
BITW:
1.20
SPY:
1.13
BITW:
0.77
SPY:
0.58
BITW:
3.61
SPY:
2.39
BITW:
17.18%
SPY:
4.51%
BITW:
57.50%
SPY:
20.07%
BITW:
-96.46%
SPY:
-55.19%
BITW:
-60.39%
SPY:
-10.54%
Returns By Period
In the year-to-date period, BITW achieves a -8.77% return, which is significantly lower than SPY's -6.44% return.
BITW
-8.77%
3.11%
52.48%
65.84%
N/A
N/A
SPY
-6.44%
-5.00%
-5.02%
9.54%
15.80%
11.95%
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Risk-Adjusted Performance
BITW vs. SPY — Risk-Adjusted Performance Rank
BITW
SPY
BITW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
BITW has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.31%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.31% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BITW vs. SPY - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BITW and SPY. For additional features, visit the drawdowns tool.
Volatility
BITW vs. SPY - Volatility Comparison
Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 18.84% compared to SPDR S&P 500 ETF (SPY) at 15.13%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.