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.
Performance
BITW vs. ^NDX - Performance Comparison
Returns By Period
In the year-to-date period, BITW achieves a 152.10% return, which is significantly higher than ^NDX's 23.27% return.
BITW
152.10%
63.02%
61.13%
158.80%
N/A
N/A
^NDX
23.27%
1.72%
11.37%
29.62%
20.24%
17.12%
Key characteristics
| BITW | ^NDX | |
|---|---|---|
| Sharpe Ratio | 2.50 | 1.71 |
| Sortino Ratio | 2.78 | 2.30 |
| Omega Ratio | 1.36 | 1.31 |
| Calmar Ratio | 1.82 | 2.22 |
| Martin Ratio | 11.93 | 8.00 |
| Ulcer Index | 13.49% | 3.77% |
| Daily Std Dev | 64.23% | 17.59% |
| Max Drawdown | -96.46% | -82.90% |
| Current Drawdown | -58.02% | -1.78% |
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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.
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 20.75% compared to NASDAQ 100 (^NDX) at 5.40%. 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.