2BTC.DE vs. NVDA

Last updated Jun 5, 2026

2BTC.DE (21Shares Bitcoin ETP) is Cryptocurrency fund actively managed by 21Shares, while NVDA (NVIDIA Corporation) is a stock. Over the past 5 years, 2BTC.DE returned 11.03%/yr vs 67.22%/yr for NVDA. At a 0.21 correlation, their price movements are largely independent.

Performance

2BTC.DE vs. NVDA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Bitcoin ETP (2BTC.DE) and NVIDIA Corporation (NVDA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

2BTC.DE is traded in EUR, while NVDA is traded in USD. To make them comparable, the NVDA values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 2BTC.DE achieves a -26.93% return, which is significantly lower than NVDA's 18.72% 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*: —

NVDA

• 1D: 1.80%
• 1M: 12.15%
• YTD: 18.72%
• 6M: 19.70%
• 1Y: 51.70%
• 3Y*: 72.79%
• 5Y*: 67.22%
• 10Y*: 68.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

2BTC.DE vs. NVDA - 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%
NVDA NVIDIA Corporation	18.72%	22.43%	189.15%	228.85%	-47.18%	142.35%	25.00%

Correlation

The correlation between 2BTC.DE and NVDA is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.23
Correlation (All Time) Calculated using the full available price history since Jul 3, 2020	0.21

Return for Risk

2BTC.DE vs. NVDA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

2BTC.DE

2BTC.DE Risk / Return Rank: 2
2BTC.DE Sharpe Ratio Rank: 1
2BTC.DE Sortino Ratio Rank: 1
2BTC.DE Omega Ratio Rank: 2
2BTC.DE Calmar Ratio Rank: 2
2BTC.DE Martin Ratio Rank: 1

NVDA

NVDA Risk / Return Rank: 80
NVDA Sharpe Ratio Rank: 83
NVDA Sortino Ratio Rank: 79
NVDA Omega Ratio Rank: 75
NVDA Calmar Ratio Rank: 81
NVDA Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

2BTC.DE vs. NVDA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Bitcoin ETP (2BTC.DE) and NVIDIA Corporation (NVDA). 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	NVDA	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	1.49	-2.52
Sortino ratio: Return per unit of downside risk	-1.55	2.08	-3.62
Omega ratio: Gain probability vs. loss probability	0.83	1.25	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.83	2.63	-3.46
Martin ratio: Return relative to average drawdown	-1.45	5.79	-7.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

2BTC.DE vs. NVDA - Sharpe Ratio Comparison

The current 2BTC.DE Sharpe Ratio is -1.04, which is lower than the NVDA Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of 2BTC.DE and NVDA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	2BTC.DE	NVDA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.04	1.49	-2.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	1.32	-1.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.75	-0.13

Drawdowns

2BTC.DE vs. NVDA - Drawdown Comparison

The maximum 2BTC.DE drawdown since its inception was -74.55%, smaller than the maximum NVDA drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for 2BTC.DE and NVDA.

Drawdown Indicators

	2BTC.DE	NVDA	Difference
Max Drawdown Largest peak-to-trough decline	-74.55%	-82.97%	+8.42%
Max Drawdown (1Y) Largest decline over 1 year	-49.73%	-19.76%	-29.97%
Max Drawdown (3Y) Largest decline over 3 years	-49.73%	-41.46%	-8.27%
Max Drawdown (5Y) Largest decline over 5 years	-74.55%	-60.91%	-13.64%
Max Drawdown (10Y) Largest decline over 10 years	—	-60.91%	—
Current Drawdown Current decline from peak	-49.12%	-6.68%	-42.44%
Average Drawdown Average peak-to-trough decline	-30.26%	-31.86%	+1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.45%	8.95%	+19.50%

Volatility

2BTC.DE vs. NVDA - Volatility Comparison

The current volatility for 21Shares Bitcoin ETP (2BTC.DE) is 9.87%, while NVIDIA Corporation (NVDA) has a volatility of 12.27%. This indicates that 2BTC.DE experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2BTC.DE	NVDA	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.87%	12.27%	-2.40%
Volatility (6M) Calculated over the trailing 6-month period	31.32%	25.45%	+5.87%
Volatility (1Y) Calculated over the trailing 1-year period	39.83%	34.93%	+4.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.82%	51.10%	+1.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.93%	49.90%	+8.03%

Dividends

2BTC.DE vs. NVDA - Dividend Comparison

2BTC.DE has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.13%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
2BTC.DE 21Shares Bitcoin ETP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NVDA NVIDIA Corporation	0.13%	0.02%	0.03%	0.03%	0.11%	0.05%	0.12%	0.27%	0.46%	0.29%	0.45%	1.20%

Frequently Asked Questions

Can I hold both 2BTC.DE and NVDA in my portfolio?

2BTC.DE and NVDA have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.