BTCE.DE vs. BCHG
BTCE.DE (ETC Group Physical Bitcoin) is Cryptocurrency fund actively managed by ETC Issuance, while BCHG (Grayscale Bitcoin Cash Trust) is a stock. Over the past 5 years, BTCE.DE returned 10.38%/yr vs -38.05%/yr for BCHG. At a 0.44 correlation, their price movements are largely independent.
Performance
BTCE.DE vs. BCHG - Performance Comparison
Loading charts...
Different Trading Currencies
BTCE.DE is traded in EUR, while BCHG is traded in USD. To make them comparable, the BCHG values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTCE.DE achieves a -27.02% return, which is significantly higher than BCHG's -57.98% return.
BTCE.DE
- 1D
- -3.79%
- 1M
- -21.28%
- YTD
- -27.02%
- 6M
- -31.67%
- 1Y
- -41.65%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
BCHG
- 1D
- 0.90%
- 1M
- -43.18%
- YTD
- -57.98%
- 6M
- -59.37%
- 1Y
- -43.16%
- 3Y*
- 27.20%
- 5Y*
- -38.05%
- 10Y*
- —
BTCE.DE vs. BCHG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 123.44% |
BCHG Grayscale Bitcoin Cash Trust | -57.98% | -27.48% | 32.78% | 1,005.03% | -86.77% | -87.06% | 76.58% |
Correlation
The correlation between BTCE.DE and BCHG is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.44 |
The correlation between BTCE.DE and BCHG shifts across timeframes, from 0.44 (all time) to 0.57 (1 year), reflecting how their relationship changes across market environments.
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. BCHG — Risk / Return Rank
BTCE.DE
BCHG
BTCE.DE vs. BCHG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and Grayscale Bitcoin Cash Trust (BCHG). 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.
| BTCE.DE | BCHG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.92 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.68 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.80 | +0.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BTCE.DE | BCHG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | -0.63 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | -0.35 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | -0.22 | +0.81 |
Drawdowns
BTCE.DE vs. BCHG - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, smaller than the maximum BCHG drawdown of -99.26%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and BCHG.
Loading charts...
Drawdown Indicators
| BTCE.DE | BCHG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -99.26% | +24.64% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -63.60% | +13.84% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -92.34% | +42.58% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | -97.99% | +23.37% |
Current DrawdownCurrent decline from peak | -49.27% | -96.63% | +47.36% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -85.79% | +55.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 24.06% | +4.46% |
Volatility
BTCE.DE vs. BCHG - Volatility Comparison
The current volatility for ETC Group Physical Bitcoin (BTCE.DE) is 9.82%, while Grayscale Bitcoin Cash Trust (BCHG) has a volatility of 20.96%. This indicates that BTCE.DE experiences smaller price fluctuations and is considered to be less risky than BCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCE.DE | BCHG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 20.96% | -11.14% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 48.24% | -16.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 69.27% | -29.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 108.24% | -55.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.85% | 131.45% | -73.60% |
Dividends
BTCE.DE vs. BCHG - Dividend Comparison
Neither BTCE.DE nor BCHG has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and BCHG have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BTCE.DE and BCHG
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