IRON vs. BITW
IRON (Disc Medicine Inc.) is a stock, while BITW (Bitwise 10 Crypto Index ETF) is Cryptocurrency fund tracking the Bitwise 10 Large Cap Crypto Index. Over the past 5 years, IRON returned 13.60%/yr vs -0.56%/yr for BITW. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
IRON vs. BITW - Performance Comparison
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Returns By Period
In the year-to-date period, IRON achieves a -3.03% return, which is significantly higher than BITW's -31.06% return.
IRON
- 1D
- -2.79%
- 1M
- 0.97%
- 6M
- -0.41%
- YTD
- -3.03%
- 1Y
- 30.57%
- 3Y*
- 15.20%
- 5Y*
- 13.60%
- 10Y*
- —
- ALL TIME*
- -4.68%
BITW
- 1D
- -2.78%
- 1M
- 2.56%
- 6M
- -27.22%
- YTD
- -31.06%
- 1Y
- -42.99%
- 3Y*
- 48.26%
- 5Y*
- -0.56%
- 10Y*
- —
- ALL TIME*
- 23.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.41M | $1.46M | $2.56M | |
| $26.75M | $35.78M | $40.92M |
IRON vs. BITW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IRON Disc Medicine Inc. | -3.03% | 25.25% | 9.76% | 190.40% | -31.65% | -73.55% | -1.26% |
BITW Bitwise 10 Crypto Index ETF | -31.06% | -2.63% | 160.69% | 331.10% | -85.92% | -36.83% | 403.25% |
Correlation
The correlation between IRON and BITW is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.11 |
Fundamentals
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Return for Risk
IRON vs. BITW — Risk / Return Rank
IRON
BITW
IRON vs. BITW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Disc Medicine Inc. (IRON) and Bitwise 10 Crypto Index ETF (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.
| IRON | BITW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.45 | ||
| Sortino ratioReturn per unit of downside risk | +2.41 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.85 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.71 | -0.80 | +1.52 |
| Martin ratioReturn relative to average drawdown | 1.43 | -1.23 | +2.66 |
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Drawdowns
IRON vs. BITW - Drawdown Comparison
The maximum IRON drawdown since its inception was -93.22%, roughly equal to the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for IRON and BITW.
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Drawdown Indicators
| IRON | BITW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.22% | -96.46% | +3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -40.55% | -56.45% | +15.90% |
Max Drawdown (3Y)Largest decline over 3 years | -64.79% | -56.45% | -8.34% |
Max Drawdown (5Y)Largest decline over 5 years | -77.02% | -91.93% | +14.91% |
Current DrawdownCurrent decline from peak | -57.22% | -70.86% | +13.64% |
Average DrawdownAverage peak-to-trough decline | -66.25% | -69.58% | +3.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.21% | 36.89% | -16.68% |
Volatility
IRON vs. BITW - Volatility Comparison
Disc Medicine Inc. (IRON) has a higher volatility of 12.08% compared to Bitwise 10 Crypto Index ETF (BITW) at 9.68%. This indicates that IRON'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
| IRON | BITW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.08% | 9.68% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 41.63% | 36.12% | +5.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.41% | 49.79% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.80% | 63.94% | +4.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.95% | 107.44% | -38.49% |
Dividends
IRON vs. BITW - Dividend Comparison
Neither IRON nor BITW has paid dividends to shareholders.
Frequently Asked Questions
IRON and BITW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IRON has higher volatility (12.08%) compared to BITW (9.68%). In terms of maximum drawdown, IRON dropped -93.22% vs BITW's -96.46%.
IRON currently has the higher Sharpe Ratio (0.54 vs -0.91), 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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