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:
0.86
^NDX:
0.11
BITW:
1.53
^NDX:
0.27
BITW:
1.17
^NDX:
1.04
BITW:
0.60
^NDX:
0.13
BITW:
3.10
^NDX:
0.42
BITW:
15.61%
^NDX:
5.29%
BITW:
56.38%
^NDX:
20.54%
BITW:
-96.46%
^NDX:
-82.90%
BITW:
-65.10%
^NDX:
-16.48%
Returns By Period
In the year-to-date period, BITW achieves a -19.62% return, which is significantly lower than ^NDX's -11.85% return.
BITW
-19.62%
-7.32%
69.62%
45.89%
N/A
N/A
^NDX
-11.85%
-9.00%
-6.43%
1.99%
19.80%
15.62%
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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 16.23% compared to NASDAQ 100 (^NDX) at 9.28%. 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.