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SOL vs. BITW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility
Financials

Correlation

The correlation between SOL and BITW is 0.23, 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.


-0.50.00.51.00.2

Performance

SOL vs. BITW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ReneSola Ltd (SOL) and Bitwise 10 Crypto Index Fund (BITW). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
-56.46%
402.92%
SOL
BITW

Key characteristics

Sharpe Ratio

SOL:

-0.41

BITW:

2.47

Sortino Ratio

SOL:

-0.19

BITW:

2.75

Omega Ratio

SOL:

0.98

BITW:

1.36

Calmar Ratio

SOL:

-0.31

BITW:

1.83

Martin Ratio

SOL:

-0.90

BITW:

12.06

Ulcer Index

SOL:

33.68%

BITW:

13.46%

Daily Std Dev

SOL:

74.01%

BITW:

65.76%

Max Drawdown

SOL:

-99.38%

BITW:

-96.46%

Current Drawdown

SOL:

-98.69%

BITW:

-56.59%

Fundamentals

Returns By Period

In the year-to-date period, SOL achieves a -33.33% return, which is significantly lower than BITW's 160.69% return.


SOL

YTD

-33.33%

1M

0.00%

6M

22.97%

1Y

-36.81%

5Y*

5.10%

10Y*

-13.12%

BITW

YTD

160.69%

1M

4.96%

6M

75.51%

1Y

157.91%

5Y*

N/A

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


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.


Sharpe ratio
The chart of Sharpe ratio for SOL, currently valued at -0.41, compared to the broader market-4.00-2.000.002.00-0.412.47
The chart of Sortino ratio for SOL, currently valued at -0.19, compared to the broader market-4.00-2.000.002.004.00-0.192.75
The chart of Omega ratio for SOL, currently valued at 0.98, compared to the broader market0.501.001.502.000.981.36
The chart of Calmar ratio for SOL, currently valued at -0.32, compared to the broader market0.002.004.006.00-0.321.83
The chart of Martin ratio for SOL, currently valued at -0.90, compared to the broader market-5.000.005.0010.0015.0020.0025.00-0.9012.06
SOL
BITW

The current SOL Sharpe Ratio is -0.41, which is lower than the BITW Sharpe Ratio of 2.47. The chart below compares the historical Sharpe Ratios of SOL 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.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
-0.41
2.47
SOL
BITW

Dividends

SOL vs. BITW - Dividend Comparison

Neither SOL nor BITW has paid dividends to shareholders.


Tickers have no history of dividend payments

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.


-100.00%-90.00%-80.00%-70.00%-60.00%-50.00%JulyAugustSeptemberOctoberNovemberDecember
-94.58%
-56.59%
SOL
BITW

Volatility

SOL vs. BITW - Volatility Comparison

The current volatility for ReneSola Ltd (SOL) is 18.53%, while Bitwise 10 Crypto Index Fund (BITW) has a volatility of 19.67%. This indicates that SOL 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.


10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
18.53%
19.67%
SOL
BITW

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.


Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities


Values in USD except per share items
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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