BITC.DE vs. ETH-USD
BITC.DE (CoinShares Physical Bitcoin (BTC) EUR ETP) is Cryptocurrency fund actively managed by CoinShares, while ETH-USD (Ethereum) is a cryptocurrency. Over the past 3 years, BITC.DE returned 30.09%/yr vs -7.76%/yr for ETH-USD. At a 0.47 correlation, their price movements are largely independent.
Performance
BITC.DE vs. ETH-USD - Performance Comparison
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Different Trading Currencies
BITC.DE is traded in EUR, while ETH-USD is traded in USD. To make them comparable, the ETH-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BITC.DE achieves a -26.37% return, which is significantly higher than ETH-USD's -45.24% return.
BITC.DE
- 1D
- -3.77%
- 1M
- -20.90%
- YTD
- -26.37%
- 6M
- -28.12%
- 1Y
- -40.05%
- 3Y*
- 30.09%
- 5Y*
- —
- 10Y*
- —
ETH-USD
- 1D
- -9.18%
- 1M
- -30.87%
- YTD
- -45.24%
- 6M
- -46.73%
- 1Y
- -34.47%
- 3Y*
- -7.76%
- 5Y*
- -8.96%
- 10Y*
- 59.74%
BITC.DE vs. ETH-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BITC.DE CoinShares Physical Bitcoin (BTC) EUR ETP | -26.37% | -16.94% | 129.58% | 149.42% | -63.64% | 41.07% |
ETH-USD Ethereum | -45.24% | -21.49% | 54.40% | 86.01% | -65.36% | 52.06% |
Correlation
The correlation between BITC.DE and ETH-USD is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2021 | 0.48 |
The correlation between BITC.DE and ETH-USD has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
BITC.DE vs. ETH-USD — Risk / Return Rank
BITC.DE
ETH-USD
BITC.DE vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) and Ethereum (ETH-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.
| BITC.DE | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.96 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.52 | -0.30 |
| Martin ratioReturn relative to average drawdown | -1.44 | -0.91 | -0.53 |
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.DE | ETH-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -0.51 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.63 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.73 | -0.49 |
Drawdowns
BITC.DE vs. ETH-USD - Drawdown Comparison
The maximum BITC.DE drawdown since its inception was -74.39%, smaller than the maximum ETH-USD drawdown of -93.21%. Use the drawdown chart below to compare losses from any high point for BITC.DE and ETH-USD.
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Drawdown Indicators
| BITC.DE | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.39% | -93.21% | +18.82% |
Max Drawdown (1Y)Largest decline over 1 year | -49.43% | -66.44% | +17.01% |
Max Drawdown (3Y)Largest decline over 3 years | -49.43% | -66.44% | +17.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.09% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -93.21% | — |
Current DrawdownCurrent decline from peak | -48.65% | -66.70% | +18.05% |
Average DrawdownAverage peak-to-trough decline | -32.19% | -48.95% | +16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.17% | 43.84% | -15.67% |
Volatility
BITC.DE vs. ETH-USD - Volatility Comparison
The current volatility for CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) is 9.92%, while Ethereum (ETH-USD) has a volatility of 13.86%. This indicates that BITC.DE experiences smaller price fluctuations and is considered to be less risky than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITC.DE | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 13.86% | -3.94% |
Volatility (6M)Calculated over the trailing 6-month period | 31.32% | 46.98% | -15.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.71% | 56.25% | -15.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.73% | 59.41% | -6.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.73% | 78.77% | -26.04% |
Frequently Asked Questions
BITC.DE and ETH-USD have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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