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 5.50%/yr vs 0.52%/yr for BITW. At a 0.10 correlation, their price movements are largely independent.
Performance
IRON vs. BITW - Performance Comparison
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Returns By Period
In the year-to-date period, IRON achieves a -3.55% return, which is significantly higher than BITW's -30.14% return.
IRON
- 1D
- -2.98%
- 1M
- 12.65%
- 6M
- -1.98%
- YTD
- -3.55%
- 1Y
- 34.58%
- 3Y*
- 17.02%
- 5Y*
- 5.50%
- 10Y*
- —
BITW
- 1D
- 1.36%
- 1M
- 1.81%
- 6M
- -32.94%
- YTD
- -30.14%
- 1Y
- -43.69%
- 3Y*
- 51.89%
- 5Y*
- 0.52%
- 10Y*
- —
IRON vs. BITW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IRON Disc Medicine Inc. | -3.55% | 25.25% | 9.76% | 190.40% | -31.65% | -73.55% | -1.26% |
BITW Bitwise 10 Crypto Index ETF | -30.14% | -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 price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2020 | 0.10 |
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 | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.29 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.87 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.79 | -0.73 | +1.53 |
| Martin ratioReturn relative to average drawdown | 1.64 | -1.19 | +2.83 |
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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 | -57.45% | -70.47% | +13.02% |
Average DrawdownAverage peak-to-trough decline | -66.33% | -69.58% | +3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.61% | 34.66% | -15.05% |
Volatility
IRON vs. BITW - Volatility Comparison
The current volatility for Disc Medicine Inc. (IRON) is 9.52%, while Bitwise 10 Crypto Index ETF (BITW) has a volatility of 12.11%. This indicates that IRON experiences smaller price fluctuations and is considered to be less risky 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 | 9.52% | 12.11% | -2.59% |
Volatility (6M)Calculated over the trailing 6-month period | 42.57% | 37.29% | +5.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.77% | 49.73% | +3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 69.06% | 65.29% | +3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.16% | 107.95% | -38.79% |
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.
BITW has higher volatility (12.11%) compared to IRON (9.52%). In terms of maximum drawdown, IRON dropped -93.22% vs BITW's -96.46%.
IRON currently has the higher Sharpe Ratio (0.61 vs -0.83), 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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