ALCBI.PA vs. VBTC.PA

Last updated Apr 2, 2026

Compare and contrast key facts about Crypto Blockchain Industries (ALCBI.PA) and VanEck Bitcoin ETN A (VBTC.PA).

VBTC.PA is a passively managed fund by VanEck that tracks the performance of the MVIS Cryptocompare Bitcoin VWAP Close Index. It was launched on Nov 19, 2020.

Performance

ALCBI.PA vs. VBTC.PA - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Crypto Blockchain Industries (ALCBI.PA) and VanEck Bitcoin ETN A (VBTC.PA). The values are adjusted to include any dividend payments, if applicable.

ALCBI.PA vs. VBTC.PA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ALCBI.PA Crypto Blockchain Industries	-34.59%	-21.10%	-51.56%	-34.78%	-68.16%	578.95%
VBTC.PA VanEck Bitcoin ETN A	-21.68%	-17.91%	135.65%	144.60%	-63.85%	-19.68%

Returns By Period

In the year-to-date period, ALCBI.PA achieves a -34.59% return, which is significantly lower than VBTC.PA's -21.68% return.

ALCBI.PA

• 1D: 3.21%
• 1M: 11.94%
• YTD: -34.59%
• 6M: -55.53%
• 1Y: -7.79%
• 3Y*: -46.09%
• 5Y*: —
• 10Y*: —

VBTC.PA

• 1D: 2.00%
• 1M: -0.41%
• YTD: -21.68%
• 6M: -41.21%
• 1Y: -25.22%
• 3Y*: 30.14%
• 5Y*: —
• 10Y*: —

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

Return for Risk

ALCBI.PA vs. VBTC.PA — Risk / Return Rank

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

ALCBI.PA

ALCBI.PA Risk / Return Rank: 55
ALCBI.PA Sharpe Ratio Rank: 38
ALCBI.PA Sortino Ratio Rank: 76
ALCBI.PA Omega Ratio Rank: 67
ALCBI.PA Calmar Ratio Rank: 49
ALCBI.PA Martin Ratio Rank: 45

VBTC.PA

VBTC.PA Risk / Return Rank: 4
VBTC.PA Sharpe Ratio Rank: 3
VBTC.PA Sortino Ratio Rank: 3
VBTC.PA Omega Ratio Rank: 3
VBTC.PA Calmar Ratio Rank: 5
VBTC.PA Martin Ratio Rank: 4

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.

ALCBI.PA vs. VBTC.PA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Crypto Blockchain Industries (ALCBI.PA) and VanEck Bitcoin ETN A (VBTC.PA). 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.

	ALCBI.PA	VBTC.PA	Difference
Sharpe ratio Return per unit of total volatility	-0.03	-0.63	+0.59
Sortino ratio Return per unit of downside risk	1.95	-0.72	+2.67
Omega ratio Gain probability vs. loss probability	1.21	0.92	+0.29
Calmar ratio Return relative to maximum drawdown	0.34	-0.46	+0.80
Martin ratio Return relative to average drawdown	0.42	-0.97	+1.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALCBI.PA vs. VBTC.PA - Sharpe Ratio Comparison

The current ALCBI.PA Sharpe Ratio is -0.03, which is higher than the VBTC.PA Sharpe Ratio of -0.63. The chart below compares the historical Sharpe Ratios of ALCBI.PA and VBTC.PA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALCBI.PA	VBTC.PA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	-0.63	+0.59
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.26	-0.39

Correlation

The correlation between ALCBI.PA and VBTC.PA is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ALCBI.PA vs. VBTC.PA - Dividend Comparison

Neither ALCBI.PA nor VBTC.PA has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

ALCBI.PA vs. VBTC.PA - Drawdown Comparison

The maximum ALCBI.PA drawdown since its inception was -98.67%, which is greater than VBTC.PA's maximum drawdown of -74.29%. Use the drawdown chart below to compare losses from any high point for ALCBI.PA and VBTC.PA.

Drawdown Indicators

	ALCBI.PA	VBTC.PA	Difference
Max Drawdown Largest peak-to-trough decline	-98.67%	-74.29%	-24.38%
Max Drawdown (1Y) Largest decline over 1 year	-95.28%	-49.44%	-45.84%
Current Drawdown Current decline from peak	-98.24%	-44.88%	-53.36%
Average Drawdown Average peak-to-trough decline	-88.54%	-31.85%	-56.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	77.00%	23.21%	+53.79%

Volatility

ALCBI.PA vs. VBTC.PA - Volatility Comparison

Crypto Blockchain Industries (ALCBI.PA) has a higher volatility of 28.93% compared to VanEck Bitcoin ETN A (VBTC.PA) at 12.51%. This indicates that ALCBI.PA's price experiences larger fluctuations and is considered to be riskier than VBTC.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALCBI.PA	VBTC.PA	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.93%	12.51%	+16.42%
Volatility (6M) Calculated over the trailing 6-month period	65.94%	31.69%	+34.25%
Volatility (1Y) Calculated over the trailing 1-year period	223.78%	39.87%	+183.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	164.93%	53.28%	+111.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	164.93%	53.28%	+111.65%