21BC.DE vs. IBIT
21BC.DE (21Shares Bitcoin Core ETP) and IBIT (iShares Bitcoin Trust ETF) are both Cryptocurrency funds. 21BC.DE is actively managed, while IBIT is passively managed. Over the past year, 21BC.DE returned -39.22% vs -39.96% for IBIT. A 0.73 correlation means they provide meaningful diversification when combined. 21BC.DE charges 0.10%/yr vs 0.25%/yr for IBIT.
Performance
21BC.DE vs. IBIT - Performance Comparison
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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 -23.69% return and IBIT slightly lower at -24.59%.
21BC.DE
- 1D
- -1.11%
- 1M
- -16.08%
- YTD
- -23.69%
- 6M
- -28.12%
- 1Y
- -39.22%
- 3Y*
- 31.16%
- 5Y*
- —
- 10Y*
- —
IBIT
- 1D
- -2.55%
- 1M
- -17.92%
- YTD
- -24.59%
- 6M
- -29.46%
- 1Y
- -39.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
21BC.DE vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
21BC.DE 21Shares Bitcoin Core ETP | -23.69% | -16.55% | 111.47% |
IBIT iShares Bitcoin Trust ETF | -24.59% | -17.52% | 111.13% |
Correlation
The correlation between 21BC.DE and IBIT is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.73 |
The correlation between 21BC.DE and IBIT shifts across timeframes, from 0.73 (all time) to 0.83 (1 year), reflecting how their relationship changes across market environments.
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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 | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.85 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.81 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.40 | -1.41 | +0.01 |
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 | -0.99 | -0.92 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.24 | +0.29 |
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% | -49.64% | +0.24% |
Max Drawdown (1Y)Largest decline over 1 year | -49.40% | -49.64% | +0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -49.40% | — | — |
Current DrawdownCurrent decline from peak | -46.62% | -47.63% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -14.04% | -16.44% | +2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 27.99% | 28.32% | -0.33% |
Volatility
21BC.DE vs. IBIT - Volatility Comparison
21Shares Bitcoin Core ETP (21BC.DE) and iShares Bitcoin Trust ETF (IBIT) have volatilities of 9.43% and 9.33%, 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 | 9.43% | 9.33% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 30.87% | 34.24% | -3.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.56% | 43.42% | -3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.61% | 50.18% | -3.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.61% | 50.18% | -3.57% |
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%.
Dividends
21BC.DE vs. IBIT - Dividend Comparison
Neither 21BC.DE nor IBIT has paid dividends to shareholders.
Frequently Asked Questions
21BC.DE and IBIT have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 21BC.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
21BC.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for IBIT.
They also come from different issuers: 21Shares and iShares. Their fees differ too: 0.10% for 21BC.DE and 0.25% for IBIT.
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