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LEGR vs. BITW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) and Bitwise 10 Crypto Index Fund (BITW). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

LEGR:

1.06

BITW:

1.80

Sortino Ratio

LEGR:

1.55

BITW:

2.45

Omega Ratio

LEGR:

1.22

BITW:

1.28

Calmar Ratio

LEGR:

1.28

BITW:

1.25

Martin Ratio

LEGR:

6.30

BITW:

5.77

Ulcer Index

LEGR:

2.91%

BITW:

17.56%

Daily Std Dev

LEGR:

16.91%

BITW:

56.98%

Max Drawdown

LEGR:

-36.12%

BITW:

-96.46%

Current Drawdown

LEGR:

-0.18%

BITW:

-57.00%

Returns By Period

In the year-to-date period, LEGR achieves a 8.04% return, which is significantly higher than BITW's -0.95% return.


LEGR

YTD

8.04%

1M

10.50%

6M

6.20%

1Y

17.40%

5Y*

15.59%

10Y*

N/A

BITW

YTD

-0.95%

1M

31.95%

6M

32.83%

1Y

103.31%

5Y*

N/A

10Y*

N/A

*Annualized

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Risk-Adjusted Performance

LEGR vs. BITW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEGR
The Risk-Adjusted Performance Rank of LEGR is 8686
Overall Rank
The Sharpe Ratio Rank of LEGR is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of LEGR is 8484
Sortino Ratio Rank
The Omega Ratio Rank of LEGR is 8484
Omega Ratio Rank
The Calmar Ratio Rank of LEGR is 8787
Calmar Ratio Rank
The Martin Ratio Rank of LEGR is 8989
Martin Ratio Rank

BITW
The Risk-Adjusted Performance Rank of BITW is 8989
Overall Rank
The Sharpe Ratio Rank of BITW is 9494
Sharpe Ratio Rank
The Sortino Ratio Rank of BITW is 9191
Sortino Ratio Rank
The Omega Ratio Rank of BITW is 8686
Omega Ratio Rank
The Calmar Ratio Rank of BITW is 8787
Calmar Ratio Rank
The Martin Ratio Rank of BITW is 8989
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


The current LEGR Sharpe Ratio is 1.06, which is lower than the BITW Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of LEGR and BITW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

LEGR vs. BITW - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 2.29%, while BITW has not paid dividends to shareholders.


TTM2024202320222021202020192018
LEGR
First Trust Indxx Innovative Transaction & Process ETF
2.29%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.


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Volatility

LEGR vs. BITW - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 4.05%, while Bitwise 10 Crypto Index Fund (BITW) has a volatility of 14.25%. 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.


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