21BC.DE vs. IBIT
Compare and contrast key facts about 21Shares Bitcoin Core ETP (21BC.DE) and iShares Bitcoin Trust ETF (IBIT).
21BC.DE and IBIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 21BC.DE is an actively managed fund by 21Shares. It was launched on Jun 29, 2022. IBIT is a passively managed fund by iShares that tracks the performance of the CME CF Bitcoin Reference Rate - New York Variant. It was launched on Jan 5, 2024.
Performance
21BC.DE vs. IBIT - Performance Comparison
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21BC.DE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
21BC.DE 21Shares Bitcoin Core ETP | -20.76% | -16.55% | 111.47% |
IBIT iShares Bitcoin Trust ETF | -20.98% | -17.52% | 111.13% |
Different Trading Currencies
21BC.DE is traded in EUR, while IBIT is traded in USD. To make them comparable, the IBIT values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with 21BC.DE having a -20.76% return and IBIT slightly lower at -21.39%.
21BC.DE
- 1D
- 2.00%
- 1M
- -0.03%
- YTD
- -20.76%
- 6M
- -40.85%
- 1Y
- -24.76%
- 3Y*
- 31.08%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- 0.00%
- 1M
- -0.90%
- YTD
- -21.39%
- 6M
- -41.59%
- 1Y
- -25.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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21BC.DE vs. IBIT - Expense Ratio Comparison
21BC.DE has a 0.10% expense ratio, which is lower than IBIT's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
21BC.DE vs. IBIT — Risk / Return Rank
21BC.DE
IBIT
21BC.DE vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Core ETP (21BC.DE) and iShares Bitcoin Trust ETF (IBIT). 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.
| 21BC.DE | IBIT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.62 | -0.57 | -0.05 |
Sortino ratioReturn per unit of downside risk | -0.70 | -0.58 | -0.12 |
Omega ratioGain probability vs. loss probability | 0.92 | 0.93 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.47 | -0.06 |
Martin ratioReturn relative to average drawdown | -1.14 | -1.00 | -0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 21BC.DE | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.62 | -0.57 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.30 | +0.29 |
Correlation
The correlation between 21BC.DE and IBIT is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
21BC.DE vs. IBIT - Dividend Comparison
Neither 21BC.DE nor IBIT has paid dividends to shareholders.
Drawdowns
21BC.DE vs. IBIT - Drawdown Comparison
The maximum 21BC.DE drawdown since its inception was -49.40%, roughly equal to the maximum IBIT drawdown of -49.64%. Use the drawdown chart below to compare losses from any high point for 21BC.DE and IBIT.
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Drawdown Indicators
| 21BC.DE | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.40% | -49.36% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -49.40% | -49.36% | -0.04% |
Current DrawdownCurrent decline from peak | -44.57% | -45.80% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -12.91% | -14.18% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.98% | 23.27% | -0.29% |
Volatility
21BC.DE vs. IBIT - Volatility Comparison
21Shares Bitcoin Core ETP (21BC.DE) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 13.12% and 12.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 21BC.DE | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.12% | 12.51% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 32.53% | 36.63% | -4.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.13% | 45.76% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.00% | 51.22% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.00% | 51.22% | -4.22% |