SOL vs. BITW
Compare and contrast key facts about ReneSola Ltd (SOL) and Bitwise 10 Crypto Index Fund (BITW).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SOL or BITW.
Key characteristics
| SOL | BITW | |
|---|---|---|
| YTD Return | -24.18% | 105.18% |
| 1Y Return | -21.89% | 144.85% |
| 3Y Return (Ann) | -39.30% | -1.70% |
| Sharpe Ratio | -0.20 | 1.94 |
| Sortino Ratio | 0.24 | 2.38 |
| Omega Ratio | 1.03 | 1.31 |
| Calmar Ratio | -0.15 | 1.42 |
| Martin Ratio | -0.48 | 9.30 |
| Ulcer Index | 31.78% | 13.49% |
| Daily Std Dev | 75.87% | 64.57% |
| Max Drawdown | -99.38% | -96.46% |
| Current Drawdown | -98.51% | -65.83% |
Fundamentals
| SOL | BITW |
|---|
Correlation
The correlation between SOL and BITW is 0.24, 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
SOL vs. BITW - Performance Comparison
In the year-to-date period, SOL achieves a -24.18% return, which is significantly lower than BITW's 105.18% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
SOL vs. BITW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ReneSola Ltd (SOL) 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
SOL vs. BITW - Dividend Comparison
Neither SOL nor BITW has paid dividends to shareholders.
Drawdowns
SOL vs. BITW - Drawdown Comparison
The maximum SOL drawdown since its inception was -99.38%, roughly equal to the maximum BITW drawdown of -96.46%. Use the drawdown chart below to compare losses from any high point for SOL and BITW. For additional features, visit the drawdowns tool.
Volatility
SOL vs. BITW - Volatility Comparison
ReneSola Ltd (SOL) has a higher volatility of 23.82% compared to Bitwise 10 Crypto Index Fund (BITW) at 19.29%. This indicates that SOL'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.
Financials
SOL vs. BITW - Financials Comparison
This section allows you to compare key financial metrics between ReneSola Ltd and Bitwise 10 Crypto Index Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities