BITC.DE vs. VAGF.DE
BITC.DE (CoinShares Physical Bitcoin (BTC) EUR ETP) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - BITC.DE is a Cryptocurrency fund actively managed by CoinShares, while VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged). BITC.DE is actively managed, while VAGF.DE is passively managed. Over the past 3 years, BITC.DE returned 30.09%/yr vs 2.14%/yr for VAGF.DE. At a correlation of -0.04, they often move in opposite directions. BITC.DE charges 0.25%/yr vs 0.10%/yr for VAGF.DE.
Performance
BITC.DE vs. VAGF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BITC.DE achieves a -26.37% return, which is significantly lower than VAGF.DE's -0.46% return.
BITC.DE
- 1D
- -3.77%
- 1M
- -19.18%
- YTD
- -26.37%
- 6M
- -28.36%
- 1Y
- -39.95%
- 3Y*
- 30.09%
- 5Y*
- —
- 10Y*
- —
VAGF.DE
- 1D
- 0.47%
- 1M
- 0.64%
- YTD
- -0.46%
- 6M
- -0.42%
- 1Y
- 1.28%
- 3Y*
- 2.14%
- 5Y*
- -1.75%
- 10Y*
- —
BITC.DE vs. VAGF.DE - 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% | 40.79% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 3.03% | 0.83% | 4.52% | -14.84% | -0.04% |
Correlation
The correlation between BITC.DE and VAGF.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jun 7, 2021 | -0.04 |
The correlation between BITC.DE and VAGF.DE shifts across timeframes, from -0.04 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BITC.DE vs. VAGF.DE — Risk / Return Rank
BITC.DE
VAGF.DE
BITC.DE vs. VAGF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) and Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.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.
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.DE | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.04 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 0.35 | -1.17 |
| Martin ratioReturn relative to average drawdown | -1.44 | 0.86 | -2.30 |
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Drawdowns
BITC.DE vs. VAGF.DE - Drawdown Comparison
The maximum BITC.DE drawdown since its inception was -74.39%, which is greater than VAGF.DE's maximum drawdown of -19.56%. Use the drawdown chart below to compare losses from any high point for BITC.DE and VAGF.DE.
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Drawdown Indicators
| BITC.DE | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.39% | -19.56% | -54.83% |
Max Drawdown (1Y)Largest decline over 1 year | -49.43% | -2.82% | -46.61% |
Max Drawdown (3Y)Largest decline over 3 years | -49.43% | -4.43% | -45.00% |
Max Drawdown (5Y)Largest decline over 5 years | -74.39% | -18.80% | -55.59% |
Current DrawdownCurrent decline from peak | -48.65% | -10.70% | -37.95% |
Average DrawdownAverage peak-to-trough decline | -32.17% | -8.98% | -23.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.17% | 1.14% | +27.03% |
Volatility
BITC.DE vs. VAGF.DE - Volatility Comparison
CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) has a higher volatility of 9.92% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) at 1.56%. This indicates that BITC.DE's price experiences larger fluctuations and is considered to be riskier than VAGF.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.DE | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 1.56% | +8.36% |
Volatility (6M)Calculated over the trailing 6-month period | 31.32% | 3.87% | +27.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.71% | 5.21% | +35.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.71% | 5.18% | +47.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.71% | 4.92% | +47.79% |
BITC.DE vs. VAGF.DE - Expense Ratio Comparison
BITC.DE has a 0.25% expense ratio, which is higher than VAGF.DE's 0.10% 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.DE vs. VAGF.DE - Dividend Comparison
Neither BITC.DE nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
BITC.DE and VAGF.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.25% for BITC.DE.
BITC.DE is categorized as Cryptocurrency, while VAGF.DE is Global Bonds. They also come from different issuers: CoinShares and Vanguard. Their fees differ too: 0.25% for BITC.DE and 0.10% for VAGF.DE.
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