BITC.AS vs. SEC0.DE
BITC.AS (CoinShares Physical Bitcoin (BTC) ETP) and SEC0.DE (iShares MSCI Global Semiconductors UCITS ETF USD (Acc)) are both exchange-traded funds - BITC.AS is a Cryptocurrency fund actively managed by CoinShares, while SEC0.DE is a Semiconductors fund tracking the MSCI ACWI IMI Semiconductors & Semiconductor Equipment ESG Screened Select Capped. BITC.AS is actively managed, while SEC0.DE is passively managed. Over the past 3 years, BITC.AS returned 30.77%/yr vs 57.47%/yr for SEC0.DE. At a 0.29 correlation, their price movements are largely independent. BITC.AS charges 0.25%/yr vs 0.35%/yr for SEC0.DE.
Performance
BITC.AS vs. SEC0.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 lower than SEC0.DE's 103.91% return.
BITC.AS
- 1D
- -0.93%
- 1M
- -16.10%
- YTD
- -24.38%
- 6M
- -27.88%
- 1Y
- -39.29%
- 3Y*
- 30.77%
- 5Y*
- —
- 10Y*
- —
SEC0.DE
- 1D
- 2.05%
- 1M
- 33.07%
- YTD
- 103.91%
- 6M
- 106.99%
- 1Y
- 204.10%
- 3Y*
- 57.47%
- 5Y*
- —
- 10Y*
- —
BITC.AS vs. SEC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | -24.38% | -17.17% | 136.40% | 79.86% |
SEC0.DE iShares MSCI Global Semiconductors UCITS ETF USD (Acc) | 103.91% | 36.46% | 20.85% | 40.84% |
Correlation
The correlation between BITC.AS and SEC0.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.29 |
The correlation between BITC.AS and SEC0.DE shifts across timeframes, from 0.29 (all time) to 0.43 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BITC.AS vs. SEC0.DE — Risk / Return Rank
BITC.AS
SEC0.DE
BITC.AS vs. SEC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) and iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.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 | SEC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -7.28 | ||
| Sortino ratioReturn per unit of downside risk | -7.58 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.79 | -0.95 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 15.71 | -16.50 |
| Martin ratioReturn relative to average drawdown | -1.39 | 55.91 | -57.30 |
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 | SEC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | 6.29 | -7.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.20 | -0.46 |
Drawdowns
BITC.AS vs. SEC0.DE - Drawdown Comparison
The maximum BITC.AS drawdown since its inception was -49.38%, which is greater than SEC0.DE's maximum drawdown of -39.35%. Use the drawdown chart below to compare losses from any high point for BITC.AS and SEC0.DE.
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Drawdown Indicators
| BITC.AS | SEC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.38% | -39.35% | -10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -49.38% | -12.90% | -36.48% |
Max Drawdown (3Y)Largest decline over 3 years | -49.38% | -39.35% | -10.03% |
Current DrawdownCurrent decline from peak | -46.68% | 0.00% | -46.68% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -11.86% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.15% | 3.63% | +24.52% |
Volatility
BITC.AS vs. SEC0.DE - Volatility Comparison
The current volatility for CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) is 9.34%, while iShares MSCI Global Semiconductors UCITS ETF USD (Acc) (SEC0.DE) has a volatility of 12.78%. This indicates that BITC.AS experiences smaller price fluctuations and is considered to be less risky than SEC0.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 | SEC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 12.78% | -3.44% |
Volatility (6M)Calculated over the trailing 6-month period | 29.82% | 24.90% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.38% | 32.35% | +7.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.62% | 29.94% | +15.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.62% | 29.94% | +15.68% |
BITC.AS vs. SEC0.DE - Expense Ratio Comparison
BITC.AS has a 0.25% expense ratio, which is lower than SEC0.DE's 0.35% expense ratio.
Dividends
BITC.AS vs. SEC0.DE - Dividend Comparison
Neither BITC.AS nor SEC0.DE has paid dividends to shareholders.
Frequently Asked Questions
BITC.AS and SEC0.DE have a correlation of 0.43, 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 0.35% for SEC0.DE.
BITC.AS is categorized as Cryptocurrency, while SEC0.DE is Semiconductors. They also come from different issuers: CoinShares and iShares. Their fees differ too: 0.25% for BITC.AS and 0.35% for SEC0.DE.
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