BTCE.DE vs. BITO
Compare and contrast key facts about ETC Group Physical Bitcoin (BTCE.DE) and ProShares Bitcoin Strategy ETF (BITO).
BTCE.DE and BITO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTCE.DE is an actively managed fund by ETC Issuance. It was launched on Jun 8, 2020. BITO is an actively managed fund by ProShares. It was launched on Oct 19, 2021.
Performance
BTCE.DE vs. BITO - Performance Comparison
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BTCE.DE vs. BITO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -21.07% | -18.20% | 125.79% | 146.52% | -63.89% | -22.51% |
BITO ProShares Bitcoin Strategy ETF | -21.60% | -21.73% | 117.95% | 130.21% | -61.67% | -29.49% |
Different Trading Currencies
BTCE.DE is traded in EUR, while BITO is traded in USD. To make them comparable, the BITO values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with BTCE.DE having a -21.07% return and BITO slightly lower at -21.60%.
BTCE.DE
- 1D
- 1.90%
- 1M
- -0.28%
- YTD
- -21.07%
- 6M
- -41.47%
- 1Y
- -26.25%
- 3Y*
- 28.44%
- 5Y*
- 1.29%
- 10Y*
- —
BITO
- 1D
- 0.50%
- 1M
- -0.68%
- YTD
- -21.60%
- 6M
- -42.29%
- 1Y
- -28.41%
- 3Y*
- 22.20%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
BTCE.DE vs. BITO — Risk / Return Rank
BTCE.DE
BITO
BTCE.DE vs. BITO - Risk-Adjusted Trends 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 | BITO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.65 | -0.63 | -0.02 |
Sortino ratioReturn per unit of downside risk | -0.76 | -0.69 | -0.06 |
Omega ratioGain probability vs. loss probability | 0.91 | 0.92 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.52 | -0.03 |
Martin ratioReturn relative to average drawdown | -1.19 | -1.10 | -0.08 |
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 | BITO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.63 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | -0.07 | +0.70 |
Correlation
The correlation between BTCE.DE and BITO is 0.72, 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.
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 80.47%.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% |
BITO ProShares Bitcoin Strategy ETF | 80.47% | 78.29% | 61.59% | 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 -74.94%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and BITO.
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Drawdown Indicators
| BTCE.DE | BITO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -77.86% | +3.24% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -50.05% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | — | — |
Current DrawdownCurrent decline from peak | -45.14% | -46.75% | +1.61% |
Average DrawdownAverage peak-to-trough decline | -29.99% | -36.57% | +6.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.23% | 23.73% | -0.50% |
Volatility
BTCE.DE vs. BITO - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) and ProShares Bitcoin Strategy ETF (BITO) have volatilities of 13.04% and 12.43%, 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 | BITO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.04% | 12.43% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 36.58% | -3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.38% | 45.68% | -5.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.56% | 55.06% | -0.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.34% | 55.06% | +3.28% |