21BC.DE vs. VWCE.DE
21BC.DE (21Shares Bitcoin Core ETP) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - 21BC.DE is a Cryptocurrency fund actively managed by 21Shares, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. 21BC.DE is actively managed, while VWCE.DE is passively managed. Over the past 3 years, 21BC.DE returned 26.95%/yr vs 17.37%/yr for VWCE.DE. At a 0.38 correlation, their price movements are largely independent. 21BC.DE charges 0.10%/yr vs 0.19%/yr for VWCE.DE.
Performance
21BC.DE vs. VWCE.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 VWCE.DE's 12.90% 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%
VWCE.DE
- 1D
- 0.42%
- 1M
- -0.76%
- 6M
- 10.90%
- YTD
- 12.90%
- 1Y
- 23.83%
- 3Y*
- 17.37%
- 5Y*
- 11.53%
- 10Y*
- —
- ALL TIME*
- 12.48%
21BC.DE vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 12.90% | 9.16% | 24.41% | 18.18% | -4.24% |
Correlation
The correlation between 21BC.DE and VWCE.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2022 | 0.38 |
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Return for Risk
21BC.DE vs. VWCE.DE — Risk / Return Rank
21BC.DE
VWCE.DE
21BC.DE vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin Core ETP (21BC.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.60 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.38 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.87 | 3.62 | -4.49 |
| Martin ratioReturn relative to average drawdown | -1.38 | 14.73 | -16.11 |
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Drawdowns
21BC.DE vs. VWCE.DE - Drawdown Comparison
The maximum 21BC.DE drawdown since its inception was -52.29%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for 21BC.DE and VWCE.DE.
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Drawdown Indicators
| 21BC.DE | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.29% | -33.43% | -18.86% |
Max Drawdown (1Y)Largest decline over 1 year | -52.29% | -6.55% | -45.74% |
Max Drawdown (3Y)Largest decline over 3 years | -52.29% | -21.07% | -31.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.07% | — |
Current DrawdownCurrent decline from peak | -48.36% | -1.45% | -46.91% |
Average DrawdownAverage peak-to-trough decline | -15.13% | -4.62% | -10.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.96% | 1.61% | +31.35% |
Volatility
21BC.DE vs. VWCE.DE - Volatility Comparison
21Shares Bitcoin Core ETP (21BC.DE) has a higher volatility of 10.32% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.08%. This indicates that 21BC.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.32% | 3.08% | +7.24% |
Volatility (6M)Calculated over the trailing 6-month period | 30.11% | 8.58% | +21.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.84% | 11.57% | +29.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.73% | 13.78% | +32.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.73% | 16.09% | +30.64% |
21BC.DE vs. VWCE.DE - Expense Ratio Comparison
21BC.DE has a 0.10% expense ratio, which is lower than VWCE.DE's 0.19% 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. VWCE.DE - Dividend Comparison
Neither 21BC.DE nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
21BC.DE and VWCE.DE have a correlation of 0.45, 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 0.19% for VWCE.DE.
21BC.DE is categorized as Cryptocurrency, while VWCE.DE is Global Equities. They also come from different issuers: 21Shares and Vanguard. Their fees differ too: 0.10% for 21BC.DE and 0.19% for VWCE.DE.
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