BITW vs. ^NDX
Compare and contrast key facts about Bitwise 10 Crypto Index Fund (BITW) and NASDAQ 100 (^NDX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BITW or ^NDX.
Key characteristics
| BITW | ^NDX | |
|---|---|---|
| YTD Return | 26.09% | 4.25% |
| 1Y Return | 172.68% | 34.62% |
| 3Y Return (Ann) | -28.18% | 8.34% |
| Sharpe Ratio | 2.65 | 2.05 |
| Daily Std Dev | 65.71% | 16.49% |
| Max Drawdown | -96.46% | -82.90% |
| Current Drawdown | -79.00% | -4.35% |
Correlation
The correlation between BITW and ^NDX is 0.33, 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. ^NDX - Performance Comparison
In the year-to-date period, BITW achieves a 26.09% return, which is significantly higher than ^NDX's 4.25% 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. ^NDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise 10 Crypto Index Fund (BITW) and NASDAQ 100 (^NDX). 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.
Drawdowns
BITW vs. ^NDX - Drawdown Comparison
The maximum BITW drawdown since its inception was -96.46%, which is greater than ^NDX's maximum drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for BITW and ^NDX. For additional features, visit the drawdowns tool.
Volatility
BITW vs. ^NDX - Volatility Comparison
Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 17.49% compared to NASDAQ 100 (^NDX) at 5.73%. This indicates that BITW's price experiences larger fluctuations and is considered to be riskier than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.