BITP.L vs. QDVE.DE
BITP.L (CoinShares Physical Bitcoin) and QDVE.DE (iShares S&P 500 Information Technology Sector UCITS ETF) are both exchange-traded funds - BITP.L is a Cryptocurrency fund actively managed by CoinShares, while QDVE.DE is a Technology Equities fund tracking the S&P 500 Capped 35/20 Information Technology Index. BITP.L is actively managed, while QDVE.DE is passively managed. Over the past year, BITP.L returned -38.93% vs 52.09% for QDVE.DE. At a 0.37 correlation, their price movements are largely independent. BITP.L charges 0.98%/yr vs 0.15%/yr for QDVE.DE.
Performance
BITP.L vs. QDVE.DE - Performance Comparison
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Different Trading Currencies
BITP.L is traded in GBP, while QDVE.DE is traded in EUR. To make them comparable, the QDVE.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, BITP.L achieves a -27.95% return, which is significantly lower than QDVE.DE's 23.03% return.
BITP.L
- 1D
- -3.83%
- 1M
- -20.91%
- YTD
- -27.95%
- 6M
- -31.70%
- 1Y
- -38.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDVE.DE
- 1D
- -2.18%
- 1M
- 11.92%
- YTD
- 23.03%
- 6M
- 21.28%
- 1Y
- 52.09%
- 3Y*
- 30.98%
- 5Y*
- 25.50%
- 10Y*
- 27.26%
BITP.L vs. QDVE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITP.L CoinShares Physical Bitcoin | -27.95% | -16.21% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 23.03% | 16.40% |
Correlation
The correlation between BITP.L and QDVE.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.37 |
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Return for Risk
BITP.L vs. QDVE.DE — Risk / Return Rank
BITP.L
QDVE.DE
BITP.L vs. QDVE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BITP.L) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.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.
| BITP.L | QDVE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.65 | ||
| Sortino ratioReturn per unit of downside risk | -4.84 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.43 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 3.22 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.38 | 8.31 | -9.69 |
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
| BITP.L | QDVE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 2.65 | -3.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.13 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | 1.19 | -1.93 |
Drawdowns
BITP.L vs. QDVE.DE - Drawdown Comparison
The maximum BITP.L drawdown since its inception was -49.22%, which is greater than QDVE.DE's maximum drawdown of -28.29%. Use the drawdown chart below to compare losses from any high point for BITP.L and QDVE.DE.
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Drawdown Indicators
| BITP.L | QDVE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.22% | -28.29% | -20.93% |
Max Drawdown (1Y)Largest decline over 1 year | -49.22% | -16.44% | -32.78% |
Max Drawdown (3Y)Largest decline over 3 years | — | -28.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -28.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.29% | — |
Current DrawdownCurrent decline from peak | -48.86% | -2.93% | -45.93% |
Average DrawdownAverage peak-to-trough decline | -20.84% | -5.20% | -15.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.14% | 6.39% | +21.75% |
Volatility
BITP.L vs. QDVE.DE - Volatility Comparison
CoinShares Physical Bitcoin (BITP.L) has a higher volatility of 9.63% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 7.32%. This indicates that BITP.L's price experiences larger fluctuations and is considered to be riskier than QDVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITP.L | QDVE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.63% | 7.32% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 28.99% | 14.67% | +14.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.69% | 20.03% | +18.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.05% | 22.24% | +18.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.05% | 21.60% | +19.45% |
BITP.L vs. QDVE.DE - Expense Ratio Comparison
BITP.L has a 0.98% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Dividends
BITP.L vs. QDVE.DE - Dividend Comparison
Neither BITP.L nor QDVE.DE has paid dividends to shareholders.
Frequently Asked Questions
BITP.L and QDVE.DE have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVE.DE is cheaper with a 0.15% expense ratio, compared with 0.98% for BITP.L.
BITP.L is categorized as Cryptocurrency, while QDVE.DE is Technology Equities. They also come from different issuers: CoinShares and iShares. Their fees differ too: 0.98% for BITP.L and 0.15% for QDVE.DE.
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