BITC.AS vs. BTC-USD
BITC.AS (CoinShares Physical Bitcoin (BTC) ETP) is Cryptocurrency fund actively managed by CoinShares, while BTC-USD (Bitcoin) is a cryptocurrency. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
BITC.AS vs. BTC-USD - Performance Comparison
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Different Trading Currencies
BITC.AS is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
BITC.AS
- 1D
- -0.21%
- 1M
- 3.55%
- 6M
- -19.79%
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BTC-USD
- 1D
- 0.56%
- 1M
- 0.19%
- 6M
- -15.52%
- YTD
- -26.48%
- 1Y
- -43.62%
- 3Y*
- 27.15%
- 5Y*
- 11.22%
- 10Y*
- 59.07%
- ALL TIME*
- 88.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €76.98K | €144.61K | €178.75K | |
BTC-USD Bitcoin | €1372.44T | €1398.41T | €1807.26T |
BITC.AS vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | -27.53% |
BTC-USD Bitcoin | -29.95% |
Correlation
The correlation between BITC.AS and BTC-USD is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 8, 2026 | 0.55 |
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Return for Risk
BITC.AS vs. BTC-USD — Risk / Return Rank
BITC.AS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTC-USD
BITC.AS vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) and Bitcoin (BTC-USD). 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.
| BITC.AS | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.85 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.84 | — |
| Martin ratioReturn relative to average drawdown | — | -1.28 | — |
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Drawdowns
BITC.AS vs. BTC-USD - Drawdown Comparison
The maximum BITC.AS drawdown since its inception was -38.86%, smaller than the maximum BTC-USD drawdown of -83.17%. Use the drawdown chart below to compare losses from any high point for BITC.AS and BTC-USD.
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Drawdown Indicators
| BITC.AS | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.86% | -83.17% | +44.31% |
Max Drawdown (1Y)Largest decline over 1 year | — | -51.88% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -51.88% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -73.60% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.17% | — |
Current DrawdownCurrent decline from peak | -32.71% | -48.56% | +15.85% |
Average DrawdownAverage peak-to-trough decline | -25.59% | -40.82% | +15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 24.74% | — |
Volatility
BITC.AS vs. BTC-USD - Volatility Comparison
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Volatility by Period
| BITC.AS | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 41.05% | 35.13% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.05% | 43.02% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.05% | 56.02% | -14.97% |
Frequently Asked Questions
BITC.AS and BTC-USD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BITC.AS and BTC-USD
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