BITP.L vs. VAGF.DE
BITP.L (CoinShares Physical Bitcoin) and VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) are both exchange-traded funds - BITP.L 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). BITP.L is actively managed, while VAGF.DE is passively managed. Over the past year, BITP.L returned -38.43% vs 3.78% for VAGF.DE. At a 0.01 correlation, their price movements are largely independent. BITP.L charges 0.98%/yr vs 0.10%/yr for VAGF.DE.
Performance
BITP.L vs. VAGF.DE - Performance Comparison
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Different Trading Currencies
BITP.L is traded in GBP, while VAGF.DE is traded in EUR. To make them comparable, the VAGF.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 VAGF.DE's -1.51% return.
BITP.L
- 1D
- -3.83%
- 1M
- -20.76%
- YTD
- -27.95%
- 6M
- -28.88%
- 1Y
- -38.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VAGF.DE
- 1D
- 0.16%
- 1M
- -0.20%
- YTD
- -1.51%
- 6M
- -1.34%
- 1Y
- 3.78%
- 3Y*
- 2.18%
- 5Y*
- -1.53%
- 10Y*
- —
BITP.L vs. VAGF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BITP.L CoinShares Physical Bitcoin | -27.95% | -16.21% |
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -1.51% | 7.94% |
Correlation
The correlation between BITP.L and VAGF.DE is 0.06, 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 | 0.06 |
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025 | 0.01 |
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Return for Risk
BITP.L vs. VAGF.DE — Risk / Return Rank
BITP.L
VAGF.DE
BITP.L vs. VAGF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BITP.L) 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.
| BITP.L | VAGF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.73 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.13 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.91 | -1.70 |
| Martin ratioReturn relative to average drawdown | -1.38 | 2.14 | -3.52 |
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 | VAGF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 0.73 | -1.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | -0.16 | -0.58 |
Drawdowns
BITP.L vs. VAGF.DE - Drawdown Comparison
The maximum BITP.L drawdown since its inception was -49.22%, which is greater than VAGF.DE's maximum drawdown of -23.83%. Use the drawdown chart below to compare losses from any high point for BITP.L and VAGF.DE.
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Drawdown Indicators
| BITP.L | VAGF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.22% | -23.83% | -25.39% |
Max Drawdown (1Y)Largest decline over 1 year | -49.22% | -4.25% | -44.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.15% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.12% | — |
Current DrawdownCurrent decline from peak | -48.86% | -15.77% | -33.09% |
Average DrawdownAverage peak-to-trough decline | -20.84% | -14.03% | -6.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.14% | 1.81% | +26.33% |
Volatility
BITP.L vs. VAGF.DE - Volatility Comparison
CoinShares Physical Bitcoin (BITP.L) has a higher volatility of 9.63% compared to Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) at 1.74%. This indicates that BITP.L'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
| BITP.L | VAGF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.63% | 1.74% | +7.89% |
Volatility (6M)Calculated over the trailing 6-month period | 28.99% | 3.87% | +25.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.69% | 5.33% | +33.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.05% | 6.85% | +34.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.05% | 7.43% | +33.62% |
BITP.L vs. VAGF.DE - Expense Ratio Comparison
BITP.L has a 0.98% expense ratio, which is higher than VAGF.DE's 0.10% expense ratio.
Dividends
BITP.L vs. VAGF.DE - Dividend Comparison
Neither BITP.L nor VAGF.DE has paid dividends to shareholders.
Frequently Asked Questions
BITP.L and VAGF.DE have a correlation of 0.06, 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 0.98% for BITP.L.
BITP.L is categorized as Cryptocurrency, while VAGF.DE is Global Bonds. They also come from different issuers: CoinShares and Vanguard. Their fees differ too: 0.98% for BITP.L and 0.10% for VAGF.DE.
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