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BITW vs. ^NDX
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

BITW vs. ^NDX

Last updated May 15, 2025

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

The chart below illustrates the hypothetical performance of a $10,000 investment in Bitwise 10 Crypto Index Fund (BITW) and NASDAQ 100 (^NDX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BITW:

1.77

^NDX:

0.64

Sortino Ratio

BITW:

2.52

^NDX:

1.11

Omega Ratio

BITW:

1.29

^NDX:

1.15

Calmar Ratio

BITW:

1.31

^NDX:

0.76

Martin Ratio

BITW:

6.00

^NDX:

2.47

Ulcer Index

BITW:

17.64%

^NDX:

7.03%

Daily Std Dev

BITW:

56.91%

^NDX:

25.60%

Max Drawdown

BITW:

-96.46%

^NDX:

-82.90%

Current Drawdown

BITW:

-56.48%

^NDX:

-3.86%

Returns By Period

In the year-to-date period, BITW achieves a 0.25% return, which is significantly lower than ^NDX's 1.46% return.

BITW

YTD

0.25%

1M

24.08%

6M

27.37%

1Y

99.67%

5Y*

N/A

10Y*

N/A

^NDX

YTD

1.46%

1M

13.42%

6M

1.35%

1Y

16.35%

5Y*

18.51%

10Y*

16.89%

*Annualized

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Risk-Adjusted Performance

BITW vs. ^NDX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BITW
The Risk-Adjusted Performance Rank of BITW is 9090
Overall Rank
The Sharpe Ratio Rank of BITW is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of BITW is 9292
Sortino Ratio Rank
The Omega Ratio Rank of BITW is 8787
Omega Ratio Rank
The Calmar Ratio Rank of BITW is 8888
Calmar Ratio Rank
The Martin Ratio Rank of BITW is 8989
Martin Ratio Rank
^NDX
The Risk-Adjusted Performance Rank of ^NDX is 7777
Overall Rank
The Sharpe Ratio Rank of ^NDX is 7070
Sharpe Ratio Rank
The Sortino Ratio Rank of ^NDX is 7777
Sortino Ratio Rank
The Omega Ratio Rank of ^NDX is 8080
Omega Ratio Rank
The Calmar Ratio Rank of ^NDX is 8383
Calmar Ratio Rank
The Martin Ratio Rank of ^NDX is 7474
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current BITW Sharpe Ratio is 1.77, which is higher than the ^NDX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BITW and ^NDX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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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.

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Volatility

BITW vs. ^NDX - Volatility Comparison

Bitwise 10 Crypto Index Fund (BITW) has a higher volatility of 13.03% compared to NASDAQ 100 (^NDX) at 7.51%. 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.

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