2BTC.DE vs. EDMW.DE
2BTC.DE (21Shares Bitcoin ETP) and EDMW.DE (iShares MSCI World ESG Enhanced UCITS ETF USD (Acc)) are both exchange-traded funds - 2BTC.DE is a Cryptocurrency fund actively managed by 21Shares, while EDMW.DE is a Global Equities fund tracking the MSCI World ESG Enhanced Focus. 2BTC.DE is actively managed, while EDMW.DE is passively managed. Over the past 5 years, 2BTC.DE returned 11.03%/yr vs 11.55%/yr for EDMW.DE. At a 0.35 correlation, their price movements are largely independent. 2BTC.DE charges 1.49%/yr vs 0.20%/yr for EDMW.DE.
Performance
2BTC.DE vs. EDMW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2BTC.DE achieves a -26.93% return, which is significantly lower than EDMW.DE's 10.19% return.
2BTC.DE
- 1D
- -3.67%
- 1M
- -21.27%
- YTD
- -26.93%
- 6M
- -31.43%
- 1Y
- -41.35%
- 3Y*
- 28.78%
- 5Y*
- 11.03%
- 10Y*
- —
EDMW.DE
- 1D
- 0.06%
- 1M
- 4.92%
- YTD
- 10.19%
- 6M
- 10.70%
- 1Y
- 22.10%
- 3Y*
- 16.27%
- 5Y*
- 11.55%
- 10Y*
- —
2BTC.DE vs. EDMW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
2BTC.DE 21Shares Bitcoin ETP | -26.93% | -17.79% | 127.95% | 147.44% | -63.76% | 82.65% | 177.87% |
EDMW.DE iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) | 10.19% | 6.42% | 25.12% | 18.98% | -15.82% | 33.40% | 10.86% |
Correlation
The correlation between 2BTC.DE and EDMW.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 | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2020 | 0.35 |
The correlation between 2BTC.DE and EDMW.DE shifts across timeframes, from 0.34 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
2BTC.DE vs. EDMW.DE — Risk / Return Rank
2BTC.DE
EDMW.DE
2BTC.DE vs. EDMW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin ETP (2BTC.DE) and iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EDMW.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.
| 2BTC.DE | EDMW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.96 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.36 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 3.07 | -3.90 |
| Martin ratioReturn relative to average drawdown | -1.45 | 12.11 | -13.56 |
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
| 2BTC.DE | EDMW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 1.93 | -2.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.80 | -0.60 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.78 | -0.16 |
Drawdowns
2BTC.DE vs. EDMW.DE - Drawdown Comparison
The maximum 2BTC.DE drawdown since its inception was -74.55%, which is greater than EDMW.DE's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for 2BTC.DE and EDMW.DE.
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Drawdown Indicators
| 2BTC.DE | EDMW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.55% | -33.12% | -41.43% |
Max Drawdown (1Y)Largest decline over 1 year | -49.73% | -7.18% | -42.55% |
Max Drawdown (3Y)Largest decline over 3 years | -49.73% | -21.20% | -28.53% |
Max Drawdown (5Y)Largest decline over 5 years | -74.55% | -21.20% | -53.35% |
Current DrawdownCurrent decline from peak | -49.12% | -0.32% | -48.80% |
Average DrawdownAverage peak-to-trough decline | -30.26% | -5.12% | -25.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.45% | 1.82% | +26.63% |
Volatility
2BTC.DE vs. EDMW.DE - Volatility Comparison
21Shares Bitcoin ETP (2BTC.DE) has a higher volatility of 9.87% compared to iShares MSCI World ESG Enhanced UCITS ETF USD (Acc) (EDMW.DE) at 2.75%. This indicates that 2BTC.DE's price experiences larger fluctuations and is considered to be riskier than EDMW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 2BTC.DE | EDMW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.87% | 2.75% | +7.12% |
Volatility (6M)Calculated over the trailing 6-month period | 31.32% | 7.83% | +23.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.83% | 11.41% | +28.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.82% | 14.23% | +38.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.93% | 16.27% | +41.66% |
2BTC.DE vs. EDMW.DE - Expense Ratio Comparison
2BTC.DE has a 1.49% expense ratio, which is higher than EDMW.DE's 0.20% expense ratio.
Dividends
2BTC.DE vs. EDMW.DE - Dividend Comparison
Neither 2BTC.DE nor EDMW.DE has paid dividends to shareholders.
Frequently Asked Questions
2BTC.DE and EDMW.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, EDMW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDMW.DE is cheaper with a 0.20% expense ratio, compared with 1.49% for 2BTC.DE.
2BTC.DE is categorized as Cryptocurrency, while EDMW.DE is Global Equities. They also come from different issuers: 21Shares and iShares. Their fees differ too: 1.49% for 2BTC.DE and 0.20% for EDMW.DE.
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