BITP.L vs. DFND.AS

Last updated Jun 5, 2026

BITP.L (CoinShares Physical Bitcoin) and DFND.AS (iShares Global Aerospace & Defence UCITS ETF) are both exchange-traded funds - BITP.L is a Cryptocurrency fund actively managed by CoinShares, while DFND.AS is a Industrials Equities fund tracking the S&P Developed BMI Select Aerospace & Defense 35/20 Capped Index NR. BITP.L is actively managed, while DFND.AS is passively managed. BITP.L charges 0.98%/yr vs 0.35%/yr for DFND.AS.

Performance

BITP.L vs. DFND.AS - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in CoinShares Physical Bitcoin (BITP.L) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BITP.L is traded in GBP, while DFND.AS is traded in USD. To make them comparable, the DFND.AS values have been converted to GBP using the latest available exchange rates.

Returns By Period

BITP.L

• 1D: -3.83%
• 1M: -20.91%
• YTD: -27.95%
• 6M: -31.70%
• 1Y: -38.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFND.AS

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BITP.L vs. DFND.AS - Yearly Performance Comparison

	2026 (YTD)	2025
BITP.L CoinShares Physical Bitcoin	-27.95%	-16.21%
DFND.AS iShares Global Aerospace & Defence UCITS ETF	0.00%	0.00%

Return for Risk

BITP.L vs. DFND.AS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BITP.L

BITP.L Risk / Return Rank: 2
BITP.L Sharpe Ratio Rank: 1
BITP.L Sortino Ratio Rank: 2
BITP.L Omega Ratio Rank: 2
BITP.L Calmar Ratio Rank: 2
BITP.L Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BITP.L vs. DFND.AS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BITP.L) and iShares Global Aerospace & Defence UCITS ETF (DFND.AS). 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.

	BITP.L	DFND.AS	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	—	—
Sortino ratio: Return per unit of downside risk	-1.46	—	—
Omega ratio: Gain probability vs. loss probability	0.84	—	—
Calmar ratio: Return relative to maximum drawdown	-0.79	—	—
Martin ratio: Return relative to average drawdown	-1.38	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BITP.L	DFND.AS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.74	—	—

Drawdowns

Drawdown Indicators

	BITP.L	DFND.AS	Difference
Max Drawdown Largest peak-to-trough decline	-49.22%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-49.22%	—	—
Current Drawdown Current decline from peak	-48.86%	—	—
Average Drawdown Average peak-to-trough decline	-20.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	28.14%	—	—

Volatility

Volatility by Period

	BITP.L	DFND.AS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	28.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.69%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.05%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.05%	—	—

BITP.L vs. DFND.AS - Expense Ratio Comparison

BITP.L has a 0.98% expense ratio, which is higher than DFND.AS's 0.35% expense ratio.

Dividends

BITP.L vs. DFND.AS - Dividend Comparison

Neither BITP.L nor DFND.AS has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, BITP.L or DFND.AS?

On fees, DFND.AS is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BITP.L or DFND.AS?

DFND.AS is cheaper with a 0.35% expense ratio, compared with 0.98% for BITP.L.

What is the main difference between BITP.L and DFND.AS?

BITP.L is categorized as Cryptocurrency, while DFND.AS is Industrials Equities. They also come from different issuers: CoinShares and iShares. Their fees differ too: 0.98% for BITP.L and 0.35% for DFND.AS.