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 broken below its long-term average — the long-term outperformance trend is no longer intact. 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%. 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
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.
Is it a good time to invest in crypto index stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, crypto index stocks are ahead of the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
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.