21BC.DE vs. SXR8.DE
21BC.DE (21Shares Bitcoin Core ETP) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - 21BC.DE is a Cryptocurrency fund actively managed by 21Shares, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. 21BC.DE is actively managed, while SXR8.DE is passively managed. Over the past 3 years, 21BC.DE returned 26.95%/yr vs 18.29%/yr for SXR8.DE. At a 0.35 correlation, their price movements are largely independent. 21BC.DE charges 0.10%/yr vs 0.07%/yr for SXR8.DE.
Performance
21BC.DE vs. SXR8.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 21BC.DE achieves a -26.18% return, which is significantly lower than SXR8.DE's 12.24% return.
21BC.DE
- 1D
- 0.00%
- 1M
- 0.34%
- 6M
- -31.01%
- YTD
- -26.18%
- 1Y
- -45.38%
- 3Y*
- 26.95%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 24.11%
SXR8.DE
- 1D
- 0.40%
- 1M
- 0.38%
- 6M
- 11.73%
- YTD
- 12.24%
- 1Y
- 22.51%
- 3Y*
- 18.29%
- 5Y*
- 13.53%
- 10Y*
- 14.30%
- ALL TIME*
- 13.38%
21BC.DE vs. SXR8.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
21BC.DE 21Shares Bitcoin Core ETP | -26.18% | -16.55% | 130.13% | 150.78% | -33.26% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 12.24% | 4.73% | 32.32% | 22.47% | -5.55% |
Correlation
The correlation between 21BC.DE and SXR8.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.35 |
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Return for Risk
21BC.DE vs. SXR8.DE — Risk / Return Rank
21BC.DE
SXR8.DE
21BC.DE vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Core ETP (21BC.DE) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 21BC.DE | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.05 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.35 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.23 | -4.10 |
| Martin ratioReturn relative to average drawdown | -1.38 | 11.45 | -12.83 |
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Drawdowns
21BC.DE vs. SXR8.DE - Drawdown Comparison
The maximum 21BC.DE drawdown since its inception was -52.29%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for 21BC.DE and SXR8.DE.
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Drawdown Indicators
| 21BC.DE | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.29% | -33.78% | -18.51% |
Max Drawdown (1Y)Largest decline over 1 year | -52.29% | -6.94% | -45.35% |
Max Drawdown (3Y)Largest decline over 3 years | -52.29% | -23.32% | -28.97% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.32% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -48.36% | -0.93% | -47.43% |
Average DrawdownAverage peak-to-trough decline | -15.13% | -5.19% | -9.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.96% | 1.96% | +31.00% |
Volatility
21BC.DE vs. SXR8.DE - Volatility Comparison
21Shares Bitcoin Core ETP (21BC.DE) has a higher volatility of 10.32% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.99%. This indicates that 21BC.DE's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 21BC.DE | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 2.99% | +7.33% |
Volatility (6M)Calculated over the trailing 6-month period | 30.11% | 7.80% | +22.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.84% | 11.60% | +29.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.73% | 15.17% | +31.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.73% | 16.08% | +30.65% |
21BC.DE vs. SXR8.DE - Expense Ratio Comparison
21BC.DE has a 0.10% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio. However, 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. SXR8.DE - Dividend Comparison
Neither 21BC.DE nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
21BC.DE and SXR8.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 0.10% for 21BC.DE.
21BC.DE is categorized as Cryptocurrency, while SXR8.DE is S&P 500. They also come from different issuers: 21Shares and iShares. Their fees differ too: 0.10% for 21BC.DE and 0.07% for SXR8.DE.
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