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BTCE.DE vs. BITO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BTCE.DEBITO
YTD Return51.91%46.53%
1Y Return106.28%89.21%
Sharpe Ratio2.451.92
Daily Std Dev44.16%49.31%
Max Drawdown-74.62%-77.86%
Current Drawdown-10.91%-16.27%

Correlation

-0.50.00.51.00.7

The correlation between BTCE.DE and BITO is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Performance

BTCE.DE vs. BITO - Performance Comparison

In the year-to-date period, BTCE.DE achieves a 51.91% return, which is significantly higher than BITO's 46.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%10.00%2024FebruaryMarchAprilMayJune
-3.55%
-13.51%
BTCE.DE
BITO

Compare stocks, funds, or ETFs

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ETC Group Physical Bitcoin

ProShares Bitcoin Strategy ETF

BTCE.DE vs. BITO - Expense Ratio Comparison

BTCE.DE has a 2.00% expense ratio, which is higher than BITO's 0.95% expense ratio.


BTCE.DE
ETC Group Physical Bitcoin
Expense ratio chart for BTCE.DE: current value at 2.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%2.00%
Expense ratio chart for BITO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

BTCE.DE vs. BITO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and ProShares Bitcoin Strategy ETF (BITO). 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
Sharpe ratio
The chart of Sharpe ratio for BTCE.DE, currently valued at 2.45, compared to the broader market0.002.004.006.002.45
Sortino ratio
The chart of Sortino ratio for BTCE.DE, currently valued at 3.19, compared to the broader market0.005.0010.003.19
Omega ratio
The chart of Omega ratio for BTCE.DE, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.39
Calmar ratio
The chart of Calmar ratio for BTCE.DE, currently valued at 1.68, compared to the broader market0.005.0010.0015.0020.001.68
Martin ratio
The chart of Martin ratio for BTCE.DE, currently valued at 11.84, compared to the broader market0.0020.0040.0060.0080.00100.0011.84
BITO
Sharpe ratio
The chart of Sharpe ratio for BITO, currently valued at 1.92, compared to the broader market0.002.004.006.001.92
Sortino ratio
The chart of Sortino ratio for BITO, currently valued at 2.60, compared to the broader market0.005.0010.002.60
Omega ratio
The chart of Omega ratio for BITO, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.003.501.31
Calmar ratio
The chart of Calmar ratio for BITO, currently valued at 1.44, compared to the broader market0.005.0010.0015.0020.001.44
Martin ratio
The chart of Martin ratio for BITO, currently valued at 8.78, compared to the broader market0.0020.0040.0060.0080.00100.008.78

BTCE.DE vs. BITO - Sharpe Ratio Comparison

The current BTCE.DE Sharpe Ratio is 2.45, which roughly equals the BITO Sharpe Ratio of 1.92. The chart below compares the 12-month rolling Sharpe Ratio of BTCE.DE and BITO.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.504.004.502024FebruaryMarchAprilMayJune
2.45
1.92
BTCE.DE
BITO

Dividends

BTCE.DE vs. BITO - Dividend Comparison

BTCE.DE has not paid dividends to shareholders, while BITO's dividend yield for the trailing twelve months is around 29.83%.


TTM2023
BTCE.DE
ETC Group Physical Bitcoin
0.00%0.00%
BITO
ProShares Bitcoin Strategy ETF
29.83%15.14%

Drawdowns

BTCE.DE vs. BITO - Drawdown Comparison

The maximum BTCE.DE drawdown since its inception was -74.62%, roughly equal to the maximum BITO drawdown of -77.86%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and BITO. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%2024FebruaryMarchAprilMayJune
-12.80%
-16.27%
BTCE.DE
BITO

Volatility

BTCE.DE vs. BITO - Volatility Comparison

ETC Group Physical Bitcoin (BTCE.DE) has a higher volatility of 9.86% compared to ProShares Bitcoin Strategy ETF (BITO) at 8.87%. This indicates that BTCE.DE's price experiences larger fluctuations and is considered to be riskier than BITO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%2024FebruaryMarchAprilMayJune
9.86%
8.87%
BTCE.DE
BITO