GDXJ vs. BITW
GDXJ (VanEck Junior Gold Miners ETF) is Gold fund tracking the MVIS Global Junior Gold Miners Index, while BITW (Bitwise 10 Crypto Index Fund) is a stock. Over the past 5 years, GDXJ returned 16.23%/yr vs -0.81%/yr for BITW. At a 0.18 correlation, their price movements are largely independent.
Performance
GDXJ vs. BITW - Performance Comparison
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Returns By Period
In the year-to-date period, GDXJ achieves a -8.37% return, which is significantly higher than BITW's -31.38% return.
GDXJ
- 1D
- 3.15%
- 1M
- -17.04%
- YTD
- -8.37%
- 6M
- -6.68%
- 1Y
- 49.74%
- 3Y*
- 44.17%
- 5Y*
- 16.23%
- 10Y*
- 12.00%
BITW
- 1D
- -0.37%
- 1M
- -20.68%
- YTD
- -31.38%
- 6M
- -34.10%
- 1Y
- -35.34%
- 3Y*
- 61.40%
- 5Y*
- -0.81%
- 10Y*
- —
GDXJ vs. BITW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
GDXJ VanEck Junior Gold Miners ETF | -8.37% | 172.28% | 15.67% | 7.12% | -14.53% | -21.25% | -7.31% |
BITW Bitwise 10 Crypto Index Fund | -31.38% | -2.63% | 160.69% | 331.10% | -85.92% | -36.83% | 403.25% |
Correlation
The correlation between GDXJ and BITW is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.18 |
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Return for Risk
GDXJ vs. BITW — Risk / Return Rank
GDXJ
BITW
GDXJ vs. BITW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Junior Gold Miners ETF (GDXJ) and Bitwise 10 Crypto Index Fund (BITW). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GDXJ | BITW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.75 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.89 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | -0.68 | +1.98 |
| Martin ratioReturn relative to average drawdown | 3.55 | -1.19 | +4.74 |
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Drawdowns
GDXJ vs. BITW - Drawdown Comparison
The maximum GDXJ drawdown since its inception was -88.66%, smaller than the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for GDXJ and BITW.
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Drawdown Indicators
| GDXJ | BITW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.66% | -96.46% | +7.80% |
Max Drawdown (1Y)Largest decline over 1 year | -39.47% | -55.51% | +16.04% |
Max Drawdown (3Y)Largest decline over 3 years | -39.47% | -55.51% | +16.04% |
Max Drawdown (5Y)Largest decline over 5 years | -49.08% | -91.93% | +42.85% |
Max Drawdown (10Y)Largest decline over 10 years | -57.77% | — | — |
Current DrawdownCurrent decline from peak | -33.25% | -70.99% | +37.74% |
Average DrawdownAverage peak-to-trough decline | -60.45% | -69.55% | +9.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.41% | 31.55% | -17.14% |
Volatility
GDXJ vs. BITW - Volatility Comparison
VanEck Junior Gold Miners ETF (GDXJ) has a higher volatility of 19.46% compared to Bitwise 10 Crypto Index Fund (BITW) at 12.56%. This indicates that GDXJ's price experiences larger fluctuations and is considered to be riskier than BITW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GDXJ | BITW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.46% | 12.56% | +6.90% |
Volatility (6M)Calculated over the trailing 6-month period | 43.41% | 37.05% | +6.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.54% | 49.59% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.50% | 65.86% | -24.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.23% | 108.52% | -64.29% |
Dividends
GDXJ vs. BITW - Dividend Comparison
GDXJ's dividend yield for the trailing twelve months is around 2.54%, while BITW has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BITW Bitwise 10 Crypto Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GDXJ VanEck Junior Gold Miners ETF | 2.54% | 2.33% | 2.61% | 0.72% | 0.51% | 1.78% | 1.58% | 0.39% | 0.45% | 0.03% | 4.78% | 0.72% |
Frequently Asked Questions
GDXJ and BITW have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GDXJ has higher volatility (19.46%) compared to BITW (12.56%). In terms of maximum drawdown, GDXJ dropped -88.66% vs BITW's -96.46%.
GDXJ currently has the higher Sharpe Ratio (1.00 vs -0.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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