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.
Correlation
The correlation between BITW and ^NDX 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. ^NDX - Performance Comparison
Key characteristics
BITW:
1.10
^NDX:
0.44
BITW:
1.79
^NDX:
0.79
BITW:
1.21
^NDX:
1.11
BITW:
0.78
^NDX:
0.49
BITW:
3.69
^NDX:
1.68
BITW:
17.19%
^NDX:
6.69%
BITW:
57.43%
^NDX:
25.40%
BITW:
-96.46%
^NDX:
-82.90%
BITW:
-59.93%
^NDX:
-12.37%
Returns By Period
The year-to-date returns for both investments are quite close, with BITW having a -7.71% return and ^NDX slightly higher at -7.52%.
BITW
-7.71%
4.80%
54.51%
67.07%
N/A
N/A
^NDX
-7.52%
-1.85%
-4.52%
9.68%
17.13%
15.83%
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Risk-Adjusted Performance
BITW vs. ^NDX — Risk-Adjusted Performance Rank
BITW
^NDX
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 18.83% compared to NASDAQ 100 (^NDX) at 16.83%. 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.