BITC.AS vs. SXRS.DE
BITC.AS (CoinShares Physical Bitcoin (BTC) ETP) and SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - BITC.AS is a Cryptocurrency fund actively managed by CoinShares, while SXRS.DE is a Commodities fund tracking the Bloomberg Commodity. BITC.AS is actively managed, while SXRS.DE is passively managed. Over the past 3 years, BITC.AS returned 30.77%/yr vs 13.47%/yr for SXRS.DE. At a 0.02 correlation, their price movements are largely independent. BITC.AS charges 0.25%/yr vs 0.19%/yr for SXRS.DE.
Performance
BITC.AS vs. SXRS.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 SXRS.DE's 25.80% return.
BITC.AS
- 1D
- -0.93%
- 1M
- -16.10%
- YTD
- -24.38%
- 6M
- -27.88%
- 1Y
- -39.29%
- 3Y*
- 30.77%
- 5Y*
- —
- 10Y*
- —
SXRS.DE
- 1D
- 0.73%
- 1M
- -2.29%
- YTD
- 25.80%
- 6M
- 26.23%
- 1Y
- 36.65%
- 3Y*
- 13.47%
- 5Y*
- 12.41%
- 10Y*
- —
BITC.AS vs. SXRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | -24.38% | -17.17% | 136.40% | 79.86% |
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 25.80% | 4.72% | 10.95% | -8.77% |
Correlation
The correlation between BITC.AS and SXRS.DE is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 24, 2023 | 0.02 |
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Return for Risk
BITC.AS vs. SXRS.DE — Risk / Return Rank
BITC.AS
SXRS.DE
BITC.AS vs. SXRS.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 Diversified Commodity Swap UCITS ETF (SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.94 | ||
| Sortino ratioReturn per unit of downside risk | -3.90 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.36 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 4.17 | -4.96 |
| Martin ratioReturn relative to average drawdown | -1.39 | 9.35 | -10.74 |
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 | SXRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.99 | 1.95 | -2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.55 | +0.19 |
Drawdowns
BITC.AS vs. SXRS.DE - Drawdown Comparison
The maximum BITC.AS drawdown since its inception was -49.38%, which is greater than SXRS.DE's maximum drawdown of -27.64%. Use the drawdown chart below to compare losses from any high point for BITC.AS and SXRS.DE.
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Drawdown Indicators
| BITC.AS | SXRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.38% | -27.64% | -21.74% |
Max Drawdown (1Y)Largest decline over 1 year | -49.38% | -8.75% | -40.63% |
Max Drawdown (3Y)Largest decline over 3 years | -49.38% | -16.03% | -33.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.56% | — |
Current DrawdownCurrent decline from peak | -46.68% | -3.48% | -43.20% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -13.12% | +0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.15% | 3.91% | +24.24% |
Volatility
BITC.AS vs. SXRS.DE - Volatility Comparison
CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) has a higher volatility of 9.34% compared to iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) at 6.19%. This indicates that BITC.AS's price experiences larger fluctuations and is considered to be riskier than SXRS.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 | SXRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.34% | 6.19% | +3.15% |
Volatility (6M)Calculated over the trailing 6-month period | 29.82% | 16.63% | +13.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.38% | 18.69% | +20.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.62% | 17.12% | +28.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.62% | 15.85% | +29.77% |
BITC.AS vs. SXRS.DE - Expense Ratio Comparison
BITC.AS has a 0.25% expense ratio, which is higher than SXRS.DE's 0.19% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BITC.AS vs. SXRS.DE - Dividend Comparison
Neither BITC.AS nor SXRS.DE has paid dividends to shareholders.
Frequently Asked Questions
BITC.AS and SXRS.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for BITC.AS.
BITC.AS is categorized as Cryptocurrency, while SXRS.DE is Commodities. They also come from different issuers: CoinShares and iShares. Their fees differ too: 0.25% for BITC.AS and 0.19% for SXRS.DE.
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