BITC.AS vs. CLTC.DE
BITC.AS (CoinShares Physical Bitcoin (BTC) ETP) and CLTC.DE (CoinShares Physical Litecoin (LTC) EUR) are both Cryptocurrency funds from CoinShares. Both are actively managed. Over the past 3 years, BITC.AS returned 30.77%/yr vs -23.64%/yr for CLTC.DE. A 0.66 correlation means they provide meaningful diversification when combined. BITC.AS charges 0.25%/yr vs 1.50%/yr for CLTC.DE.
Performance
BITC.AS vs. CLTC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BITC.AS achieves a -24.38% return, which is significantly higher than CLTC.DE's -38.45% return.
BITC.AS
- 1D
- -0.93%
- 1M
- -16.10%
- YTD
- -24.38%
- 6M
- -27.88%
- 1Y
- -39.29%
- 3Y*
- 30.77%
- 5Y*
- —
- 10Y*
- —
CLTC.DE
- 1D
- 0.11%
- 1M
- -13.17%
- YTD
- -38.45%
- 6M
- -44.39%
- 1Y
- -48.99%
- 3Y*
- -23.64%
- 5Y*
- —
- 10Y*
- —
BITC.AS vs. CLTC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | -24.38% | -17.17% | 136.40% | 79.86% |
CLTC.DE CoinShares Physical Litecoin (LTC) EUR | -38.45% | -33.53% | 39.59% | -17.47% |
Correlation
The correlation between BITC.AS and CLTC.DE is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.66 |
The correlation between BITC.AS and CLTC.DE shifts across timeframes, from 0.66 (all time) to 0.77 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BITC.AS vs. CLTC.DE — Risk / Return Rank
BITC.AS
CLTC.DE
BITC.AS vs. CLTC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) and CoinShares Physical Litecoin (LTC) EUR (CLTC.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.
| BITC.AS | CLTC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.87 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.77 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.24 | -0.16 |
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
| BITC.AS | CLTC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | -0.80 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | -0.31 | +1.04 |
Drawdowns
BITC.AS vs. CLTC.DE - Drawdown Comparison
The maximum BITC.AS drawdown since its inception was -49.38%, smaller than the maximum CLTC.DE drawdown of -84.88%. Use the drawdown chart below to compare losses from any high point for BITC.AS and CLTC.DE.
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Drawdown Indicators
| BITC.AS | CLTC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.38% | -84.88% | +35.50% |
Max Drawdown (1Y)Largest decline over 1 year | -49.38% | -63.63% | +14.25% |
Max Drawdown (3Y)Largest decline over 3 years | -49.38% | -70.69% | +21.31% |
Current DrawdownCurrent decline from peak | -46.68% | -84.86% | +38.18% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -65.45% | +52.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.15% | 39.63% | -11.48% |
Volatility
BITC.AS vs. CLTC.DE - Volatility Comparison
The current volatility for CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) is 9.34%, while CoinShares Physical Litecoin (LTC) EUR (CLTC.DE) has a volatility of 11.65%. This indicates that BITC.AS experiences smaller price fluctuations and is considered to be less risky than CLTC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITC.AS | CLTC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 11.65% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 29.82% | 35.99% | -6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.38% | 60.87% | -21.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.62% | 75.60% | -29.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.62% | 75.60% | -29.98% |
BITC.AS vs. CLTC.DE - Expense Ratio Comparison
BITC.AS has a 0.25% expense ratio, which is lower than CLTC.DE's 1.50% expense ratio.
Dividends
BITC.AS vs. CLTC.DE - Dividend Comparison
Neither BITC.AS nor CLTC.DE has paid dividends to shareholders.
Frequently Asked Questions
BITC.AS and CLTC.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BITC.AS is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITC.AS is cheaper with a 0.25% expense ratio, compared with 1.50% for CLTC.DE.
Their fees differ too: 0.25% for BITC.AS and 1.50% for CLTC.DE.
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