AASG.L vs. 2BTC.DE
AASG.L (Amundi MSCI Emerging Markets Asia UCITS ETF USD) and 2BTC.DE (21Shares Bitcoin ETP) are both exchange-traded funds - AASG.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Ex Japan NR USD, while 2BTC.DE is a Cryptocurrency fund actively managed by 21Shares. AASG.L is passively managed, while 2BTC.DE is actively managed. Over the past 5 years, AASG.L returned 9.38%/yr vs 12.01%/yr for 2BTC.DE. At a 0.28 correlation, their price movements are largely independent. AASG.L charges 0.20%/yr vs 1.49%/yr for 2BTC.DE.
Performance
AASG.L vs. 2BTC.DE - Performance Comparison
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Different Trading Currencies
AASG.L is traded in GBp, while 2BTC.DE is traded in EUR. To make them comparable, the 2BTC.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, AASG.L achieves a 32.89% return, which is significantly higher than 2BTC.DE's -24.82% return.
AASG.L
- 1D
- -0.95%
- 1M
- 13.19%
- YTD
- 32.89%
- 6M
- 35.83%
- 1Y
- 64.11%
- 3Y*
- 23.54%
- 5Y*
- 9.38%
- 10Y*
- 12.54%
2BTC.DE
- 1D
- -1.08%
- 1M
- -16.18%
- YTD
- -24.82%
- 6M
- -29.43%
- 1Y
- -38.40%
- 3Y*
- 29.69%
- 5Y*
- 12.01%
- 10Y*
- —
AASG.L vs. 2BTC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AASG.L Amundi MSCI Emerging Markets Asia UCITS ETF USD | 32.89% | 23.83% | 14.04% | 0.69% | -11.51% | -4.50% | 17.87% |
2BTC.DE 21Shares Bitcoin ETP | -24.82% | -13.51% | 118.02% | 142.50% | -61.78% | 69.76% | 178.08% |
Correlation
The correlation between AASG.L and 2BTC.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2020 | 0.28 |
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Return for Risk
AASG.L vs. 2BTC.DE — Risk / Return Rank
AASG.L
2BTC.DE
AASG.L vs. 2BTC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) and 21Shares Bitcoin ETP (2BTC.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.
| AASG.L | 2BTC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.48 | ||
| Sortino ratioReturn per unit of downside risk | +5.84 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 0.85 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 5.56 | -0.77 | +6.34 |
| Martin ratioReturn relative to average drawdown | 19.24 | -1.36 | +20.60 |
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
| AASG.L | 2BTC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.50 | -0.98 | +4.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.23 | +0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.62 | +0.07 |
Drawdowns
AASG.L vs. 2BTC.DE - Drawdown Comparison
The maximum AASG.L drawdown since its inception was -34.12%, smaller than the maximum 2BTC.DE drawdown of -74.07%. Use the drawdown chart below to compare losses from any high point for AASG.L and 2BTC.DE.
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Drawdown Indicators
| AASG.L | 2BTC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -74.07% | +39.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -49.51% | +38.05% |
Max Drawdown (3Y)Largest decline over 3 years | -17.56% | -49.51% | +31.95% |
Max Drawdown (5Y)Largest decline over 5 years | -28.57% | -74.07% | +45.50% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -47.45% | +46.50% |
Average DrawdownAverage peak-to-trough decline | -11.03% | -30.34% | +19.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 28.20% | -24.88% |
Volatility
AASG.L vs. 2BTC.DE - Volatility Comparison
The current volatility for Amundi MSCI Emerging Markets Asia UCITS ETF USD (AASG.L) is 8.31%, while 21Shares Bitcoin ETP (2BTC.DE) has a volatility of 9.94%. This indicates that AASG.L experiences smaller price fluctuations and is considered to be less risky than 2BTC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AASG.L | 2BTC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 9.94% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 15.42% | 30.51% | -15.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 39.23% | -20.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 52.52% | -34.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.55% | 57.61% | -39.06% |
AASG.L vs. 2BTC.DE - Expense Ratio Comparison
AASG.L has a 0.20% expense ratio, which is lower than 2BTC.DE's 1.49% expense ratio.
Dividends
AASG.L vs. 2BTC.DE - Dividend Comparison
Neither AASG.L nor 2BTC.DE has paid dividends to shareholders.
Frequently Asked Questions
AASG.L and 2BTC.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AASG.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AASG.L is cheaper with a 0.20% expense ratio, compared with 1.49% for 2BTC.DE.
AASG.L is categorized as Asia Pacific Equities, while 2BTC.DE is Cryptocurrency. They also come from different issuers: Amundi and 21Shares. Their fees differ too: 0.20% for AASG.L and 1.49% for 2BTC.DE.
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