BTCE.DE vs. CEMR.DE
BTCE.DE (ETC Group Physical Bitcoin) and CEMR.DE (iShares Edge MSCI Europe Momentum Factor UCITS ETF) are both exchange-traded funds - BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance, while CEMR.DE is a Momentum fund tracking the MSCI Europe Momentum Index. BTCE.DE is actively managed, while CEMR.DE is passively managed. Over the past 5 years, BTCE.DE returned 10.38%/yr vs 11.56%/yr for CEMR.DE. At a 0.28 correlation, their price movements are largely independent. BTCE.DE charges 2.00%/yr vs 0.25%/yr for CEMR.DE.
Performance
BTCE.DE vs. CEMR.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BTCE.DE achieves a -27.02% return, which is significantly lower than CEMR.DE's 9.13% return.
BTCE.DE
- 1D
- -3.79%
- 1M
- -20.74%
- YTD
- -27.02%
- 6M
- -28.97%
- 1Y
- -41.00%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
CEMR.DE
- 1D
- 1.92%
- 1M
- 4.26%
- YTD
- 9.13%
- 6M
- 12.45%
- 1Y
- 21.56%
- 3Y*
- 20.31%
- 5Y*
- 11.56%
- 10Y*
- 12.09%
BTCE.DE vs. CEMR.DE - 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% | 162.37% |
CEMR.DE iShares Edge MSCI Europe Momentum Factor UCITS ETF | 9.13% | 27.25% | 20.02% | 12.77% | -15.32% | 22.13% | 12.05% |
Correlation
The correlation between BTCE.DE and CEMR.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.28 |
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Return for Risk
BTCE.DE vs. CEMR.DE — Risk / Return Rank
BTCE.DE
CEMR.DE
BTCE.DE vs. CEMR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.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 | CEMR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.22 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.76 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.46 | 6.68 | -8.14 |
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Drawdowns
BTCE.DE vs. CEMR.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than CEMR.DE's maximum drawdown of -31.80%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and CEMR.DE.
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Drawdown Indicators
| BTCE.DE | CEMR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -31.80% | -42.82% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -11.75% | -38.01% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -15.72% | -34.04% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | -23.77% | -50.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.80% | — |
Current DrawdownCurrent decline from peak | -49.27% | -0.31% | -48.96% |
Average DrawdownAverage peak-to-trough decline | -30.26% | -6.02% | -24.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 3.11% | +25.41% |
Volatility
BTCE.DE vs. CEMR.DE - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) has a higher volatility of 9.82% compared to iShares Edge MSCI Europe Momentum Factor UCITS ETF (CEMR.DE) at 4.79%. This indicates that BTCE.DE's price experiences larger fluctuations and is considered to be riskier than CEMR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCE.DE | CEMR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 4.79% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 14.87% | +16.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 17.46% | +22.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 16.43% | +36.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.83% | 16.48% | +41.35% |
BTCE.DE vs. CEMR.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than CEMR.DE's 0.25% expense ratio.
Dividends
BTCE.DE vs. CEMR.DE - Dividend Comparison
Neither BTCE.DE nor CEMR.DE has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and CEMR.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMR.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMR.DE is cheaper with a 0.25% expense ratio, compared with 2.00% for BTCE.DE.
BTCE.DE is categorized as Cryptocurrency, while CEMR.DE is Momentum. They also come from different issuers: ETC Issuance and iShares. Their fees differ too: 2.00% for BTCE.DE and 0.25% for CEMR.DE.
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