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 | 114.98% | 25.23% |
| 1Y Return | 136.20% | 36.09% |
| 3Y Return (Ann) | -0.16% | 9.20% |
| Sharpe Ratio | 2.19 | 2.04 |
| Sortino Ratio | 2.55 | 2.70 |
| Omega Ratio | 1.33 | 1.37 |
| Calmar Ratio | 1.59 | 2.63 |
| Martin Ratio | 10.46 | 9.50 |
| Ulcer Index | 13.50% | 3.76% |
| Daily Std Dev | 64.40% | 17.54% |
| Max Drawdown | -96.46% | -82.90% |
| Current Drawdown | -64.20% | -0.22% |
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
In the year-to-date period, BITW achieves a 114.98% return, which is significantly higher than ^NDX's 25.23% 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 18.11% compared to NASDAQ 100 (^NDX) at 5.15%. 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.