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:
4.27
^NDX:
1.38
BITW:
4.07
^NDX:
1.89
BITW:
1.49
^NDX:
1.25
BITW:
2.93
^NDX:
1.86
BITW:
20.93
^NDX:
6.46
BITW:
12.42%
^NDX:
3.92%
BITW:
60.91%
^NDX:
18.40%
BITW:
-96.46%
^NDX:
-82.90%
BITW:
-54.54%
^NDX:
-4.55%
Returns By Period
In the year-to-date period, BITW achieves a 4.71% return, which is significantly higher than ^NDX's 0.38% return.
BITW
4.71%
-11.32%
71.57%
297.67%
N/A
N/A
^NDX
0.38%
-4.14%
7.03%
26.02%
18.18%
17.71%
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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 19.35% compared to NASDAQ 100 (^NDX) at 6.39%. 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.