BTCE.DE vs. BITC.DE
BTCE.DE (ETC Group Physical Bitcoin) and BITC.DE (CoinShares Physical Bitcoin (BTC) EUR ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, BTCE.DE returned 28.04%/yr vs 30.09%/yr for BITC.DE. With a 1.00 correlation, they move nearly in lockstep. BTCE.DE charges 2.00%/yr vs 0.25%/yr for BITC.DE.
Performance
BTCE.DE vs. BITC.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with BTCE.DE having a -27.02% return and BITC.DE slightly higher at -26.37%.
BTCE.DE
- 1D
- -3.79%
- 1M
- -21.28%
- YTD
- -27.02%
- 6M
- -31.67%
- 1Y
- -41.65%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
BITC.DE
- 1D
- -3.77%
- 1M
- -21.21%
- YTD
- -26.37%
- 6M
- -31.04%
- 1Y
- -40.65%
- 3Y*
- 30.09%
- 5Y*
- —
- 10Y*
- —
BTCE.DE vs. BITC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 40.24% |
BITC.DE CoinShares Physical Bitcoin (BTC) EUR ETP | -26.37% | -16.94% | 129.58% | 149.42% | -63.64% | 41.07% |
Correlation
The correlation between BTCE.DE and BITC.DE is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2021 | 1.00 |
The correlation between BTCE.DE and BITC.DE has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
BTCE.DE vs. BITC.DE — Risk / Return Rank
BTCE.DE
BITC.DE
BTCE.DE vs. BITC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.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.
| BTCE.DE | BITC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.84 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.82 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.44 | -0.02 |
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
| BTCE.DE | BITC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | -1.00 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.23 | +0.35 |
Drawdowns
BTCE.DE vs. BITC.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, roughly equal to the maximum BITC.DE drawdown of -74.39%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and BITC.DE.
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Drawdown Indicators
| BTCE.DE | BITC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -74.39% | -0.23% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -49.43% | -0.33% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -49.43% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | — | — |
Current DrawdownCurrent decline from peak | -49.27% | -48.65% | -0.62% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -32.19% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 28.17% | +0.35% |
Volatility
BTCE.DE vs. BITC.DE - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) and CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) have volatilities of 9.82% and 9.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCE.DE | BITC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 9.92% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 31.32% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 40.71% | -0.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 52.73% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.85% | 52.73% | +5.12% |
BTCE.DE vs. BITC.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than BITC.DE's 0.25% expense ratio.
Dividends
BTCE.DE vs. BITC.DE - Dividend Comparison
Neither BTCE.DE nor BITC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 1.00, BTCE.DE and BITC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, BITC.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BITC.DE is cheaper with a 0.25% expense ratio, compared with 2.00% for BTCE.DE.
They also come from different issuers: ETC Issuance and CoinShares. Their fees differ too: 2.00% for BTCE.DE and 0.25% for BITC.DE.
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