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:
2.24
^NDX:
1.25
BITW:
2.82
^NDX:
1.72
BITW:
1.33
^NDX:
1.23
BITW:
1.58
^NDX:
1.71
BITW:
10.05
^NDX:
5.85
BITW:
13.08%
^NDX:
3.97%
BITW:
58.52%
^NDX:
18.58%
BITW:
-96.46%
^NDX:
-82.90%
BITW:
-58.28%
^NDX:
-2.53%
Returns By Period
In the year-to-date period, BITW achieves a -3.89% return, which is significantly lower than ^NDX's 2.86% return.
BITW
-3.89%
-12.60%
68.02%
145.87%
N/A
N/A
^NDX
2.86%
-1.31%
9.60%
20.50%
19.01%
17.20%
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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 12.39% compared to NASDAQ 100 (^NDX) at 5.13%. 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.