Crypto Index vs the S&P 500 (BITW): is it outperforming?
As of 12 October 2026, crypto index stocks are among the strongest groups in the market, well ahead of the S&P 500. BITW beats the S&P 500 by 3.3 points over one month and ranks #9 of 115 groups Zensei tracks.
Where crypto index stocks stand now
As of 12 October 2026, Crypto Index (BITW) ranks #9 of the 115 groups Zensei tracks by one-month return against the S&P 500, inside the top tier of the market. It sits in the Outperformers quadrant of the rotation map: it has clearly beaten the S&P 500 by 3.3 points over the past month, on top of a 25.3-point advantage over the longer, time-shifted window.
On the shorter tape, BITW's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. BITW's relative-strength line has dropped below its moving averages — the outperformance trend is fading. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The thing to watch from here is durability: outperformers that hold their one-month spread while the longer window keeps building tend to stay out front; a fading spread is the early exit signal.
Crypto Index Stocks vs the S&P 500
Over the week to 12 October 2026, BITW fell 4.7% while the S&P 500 rose 0.4%. The table compares BITW and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means BITW won that window.
Prices as of · computed from daily adjusted closes · how we measure
Crypto Index on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Crypto Index Stocks: common questions
Which ETF holds crypto index stocks?
Several ETFs hold crypto index stocks. Zensei tracks the group through BITW, the Bitwise 10 Crypto Index Fund. As of 12 October 2026, Zensei has the 0 largest crypto index stocks from its published holdings.
Are crypto index stocks outperforming the S&P 500?
Yes. As of 12 October 2026, BITW has beaten the S&P 500 by 3.3 points over the past month.
What is BITW?
BITW is Bitwise 10 Crypto Index Fund. Zensei uses it to measure crypto index stocks against the S&P 500 (SPY).
What quadrant is crypto index in right now?
As of 12 October 2026, crypto index is in the Outperformers quadrant — outperforming the S&P 500 on both the recent and the longer, time-shifted window. The Zensei methodology page explains the quadrants.
Related sectors
Track crypto index against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.
Compare all sectors: Sector heat map · Sector P/E ratios