Bitwise Bitcoin ETF

10-Year Study

BITB.US · · US · ETF

Executive Summary: Bitwise Bitcoin ETF has compounded at 28.7% annually over the last 10 years, with a maximum drawdown of 43.9% and an annualized volatility of 53.9%.

1Y CAGR
-30.2%
3Y CAGR
+28.7%
5Y CAGR
+28.7%
10Y CAGR
+28.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
43.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.77
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
1.77
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
54.1%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +-6.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2026 · -13.9%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
0%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-4.3-21.73.311.2————————-13.9%
20258.7-17.0-2.114.111.12.98.4-7.35.7-4.1-17.3-3.6-6.5%
2024—45.714.4-16.814.5-11.38.7-10.18.310.139.0-3.9119.0%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 53.9%. The dominant macroeconomic risk driver is BTC-USD.CC, accounting for 79.0% of variance. Idiosyncratic stock-specific factors contribute 0.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2024-01-0110000
2024-02-0114569.336778639105
2024-03-0116670.973298880275
2024-04-0113863.049095607234
2024-05-0115869.93970714901
2024-06-0114078.380706287684
2024-07-0115310.077519379845
2024-08-0113759.68992248062
2024-09-0114896.640826873387
2024-10-0116399.655469422913
2024-11-0122795.004306632218
2024-12-0121899.224806201553
2025-01-0123798.449612403103
2025-02-0119741.602067183467
2025-03-0119328.165374677003
2025-04-0122062.876830318688
2025-05-0124517.657192075796
2025-06-0125232.55813953489
2025-07-0127342.807924203276
2025-08-0125353.143841515932
2025-09-0126795.865633074936
2025-10-0125697.674418604653
2025-11-0121240.31007751938
2025-12-0120482.342807924204
2026-01-0119599.483204134365
2026-02-0115344.530577088717
2026-03-0115852.713178294574
2026-04-0117631.352282515072
Annual Return Matrix
YearAnnual Return
2025-0.06470009832841694
2026-0.1391925988225401
Total Factor Risk
0.5386222752527573
VTI.US Exposure
-0.09064903442855038
VEA.US Exposure
-0.014070072235842605
VWO.US Exposure
0.014853034315994364
QQQ.US Exposure
0.05424221139111678
VTV.US Exposure
0.08583195078960516
IJR.US Exposure
-0.01812229401882908
QUAL.US Exposure
-0.04104151242398742
SHV.US Exposure
0.01276906685767193
TLT.US Exposure
-0.011852981214741749
LQD.US Exposure
0.13293114616238078
HYG.US Exposure
-0.01094346222930926
GLD.US Exposure
0.002879807177003787
USO.US Exposure
0.00029030012619335173
VNQ.US Exposure
0.0020148396086674594
BTC-USD.CC Exposure
0.7903047418368409
CPER.US Exposure
0.001206753306910013
VIX.INDX Exposure
0.021982080654825455
UUP.US Exposure
0.0012843571430504583
TIP.US Exposure
0.05663324535711584
Idiosyncratic Exposure
0.009455821823884186
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
53.9%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+8.4%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-21.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
40.0% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
1.00
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Bitwise Bitcoin ETF a high-risk investment?

Bitwise Bitcoin ETF (BITB.US) has an annualized volatility of 53.9% and experienced a maximum drawdown of 43.9% over the last 10 years. Its primary macro risk driver is BTC-USD.CC.

What is the 10-year return of BITB.US?

Over the past 10 years, BITB.US has generated a Compound Annual Growth Rate (CAGR) of 28.7%. It has had a positive return in 0% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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