LEGR vs. BITW
Compare and contrast key facts about First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Bitwise 10 Crypto Index Fund (BITW).
LEGR is a passively managed fund by First Trust that tracks the performance of the Indxx Blockchain Index. It was launched on Jan 24, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: LEGR or BITW.
Correlation
The correlation between LEGR and BITW 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
LEGR vs. BITW - Performance Comparison
Key characteristics
LEGR:
1.91
BITW:
2.50
LEGR:
2.63
BITW:
3.02
LEGR:
1.33
BITW:
1.35
LEGR:
3.49
BITW:
1.77
LEGR:
12.28
BITW:
11.30
LEGR:
2.06%
BITW:
13.00%
LEGR:
13.25%
BITW:
58.80%
LEGR:
-36.12%
BITW:
-96.46%
LEGR:
-0.18%
BITW:
-57.85%
Returns By Period
In the year-to-date period, LEGR achieves a 8.02% return, which is significantly higher than BITW's -2.92% return.
LEGR
8.02%
5.58%
13.03%
25.06%
11.19%
N/A
BITW
-2.92%
-13.01%
73.65%
133.80%
N/A
N/A
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Risk-Adjusted Performance
LEGR vs. BITW — Risk-Adjusted Performance Rank
LEGR
BITW
LEGR vs. BITW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) 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.
Dividends
LEGR vs. BITW - Dividend Comparison
LEGR's dividend yield for the trailing twelve months is around 2.22%, while BITW has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
LEGR First Trust Indxx Innovative Transaction & Process ETF | 2.22% | 2.40% | 2.56% | 2.64% | 1.80% | 0.95% | 2.04% | 1.30% |
BITW Bitwise 10 Crypto Index Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
LEGR vs. BITW - Drawdown Comparison
The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for LEGR and BITW. For additional features, visit the drawdowns tool.
Volatility
LEGR vs. BITW - Volatility Comparison
The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 2.78%, while Bitwise 10 Crypto Index Fund (BITW) has a volatility of 11.75%. This indicates that LEGR 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.