BTCE.DE vs. 2UNI.DE
BTCE.DE (Bitwise Physical Bitcoin ETP) and 2UNI.DE (21Shares Uniswap ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, BTCE.DE returned 25.27%/yr vs -18.25%/yr for 2UNI.DE. Their 0.63 correlation means they have sometimes moved together and sometimes differently. BTCE.DE charges 2.00%/yr vs 2.50%/yr for 2UNI.DE.
Performance
BTCE.DE vs. 2UNI.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTCE.DE achieves a -26.76% return, which is significantly higher than 2UNI.DE's -36.03% return.
BTCE.DE
- 1D
- 0.00%
- 1M
- 1.37%
- 6M
- -11.75%
- YTD
- -26.76%
- 1Y
- -44.28%
- 3Y*
- 25.27%
- 5Y*
- 7.21%
- 10Y*
- —
- ALL TIME*
- 30.04%
2UNI.DE
- 1D
- 0.00%
- 1M
- 19.22%
- 6M
- 4.96%
- YTD
- -36.03%
- 1Y
- -60.63%
- 3Y*
- -18.25%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -24.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
2UNI.DE 21Shares Uniswap ETP | €9.24K | €37.69K | €38.44K |
BTCE.DE Bitwise Physical Bitcoin ETP | €508.71K | €595.77K | €1.12M |
BTCE.DE vs. 2UNI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTCE.DE Bitwise Physical Bitcoin ETP | -26.76% | -18.20% | 125.79% | 146.52% | -63.64% |
2UNI.DE 21Shares Uniswap ETP | -36.03% | -61.02% | 80.81% | 41.60% | -54.15% |
Correlation
The correlation between BTCE.DE and 2UNI.DE is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.69 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022 | 0.63 |
The correlation between BTCE.DE and 2UNI.DE has been stable across timeframes, ranging from 0.60 to 0.69 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCE.DE vs. 2UNI.DE — Risk / Return Rank
BTCE.DE
2UNI.DE
BTCE.DE vs. 2UNI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Physical Bitcoin ETP (BTCE.DE) and 21Shares Uniswap ETP (2UNI.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.
| BTCE.DE | 2UNI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.89 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.76 | -0.07 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.02 | -0.24 |
Loading charts...
Drawdowns
BTCE.DE vs. 2UNI.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, smaller than the maximum 2UNI.DE drawdown of -88.25%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and 2UNI.DE.
Loading charts...
Drawdown Indicators
| BTCE.DE | 2UNI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -88.25% | +13.63% |
Max Drawdown (1Y)Largest decline over 1 year | -53.06% | -79.78% | +26.72% |
Max Drawdown (3Y)Largest decline over 3 years | -53.06% | -88.25% | +35.19% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | — | — |
Current DrawdownCurrent decline from peak | -49.09% | -81.61% | +32.52% |
Average DrawdownAverage peak-to-trough decline | -30.88% | -52.92% | +22.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.01% | 59.21% | -24.20% |
Volatility
BTCE.DE vs. 2UNI.DE - Volatility Comparison
The current volatility for Bitwise Physical Bitcoin ETP (BTCE.DE) is 8.48%, while 21Shares Uniswap ETP (2UNI.DE) has a volatility of 15.90%. This indicates that BTCE.DE experiences smaller price fluctuations and is considered to be less risky than 2UNI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCE.DE | 2UNI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 15.90% | -7.42% |
Volatility (6M)Calculated over the trailing 6-month period | 28.87% | 55.08% | -26.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.94% | 85.48% | -44.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.69% | 93.64% | -42.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.53% | 93.64% | -36.11% |
BTCE.DE vs. 2UNI.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is lower than 2UNI.DE's 2.50% expense ratio.
Dividends
BTCE.DE vs. 2UNI.DE - Dividend Comparison
Neither BTCE.DE nor 2UNI.DE has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and 2UNI.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTCE.DE is cheaper at 2.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCE.DE is cheaper with a 2.00% expense ratio, compared with 2.50% for 2UNI.DE.
They also come from different issuers: Bitwise and 21Shares. Their fees differ too: 2.00% for BTCE.DE and 2.50% for 2UNI.DE.
Find the right allocation for BTCE.DE and 2UNI.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer