BTCE.DE vs. ETH
BTCE.DE (ETC Group Physical Bitcoin) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, BTCE.DE returned -41.65% vs -32.97% for ETH. A 0.62 correlation means they provide meaningful diversification when combined. BTCE.DE charges 2.00%/yr vs 0.15%/yr for ETH.
Performance
BTCE.DE vs. ETH - Performance Comparison
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Different Trading Currencies
BTCE.DE is traded in EUR, while ETH is traded in USD. To make them comparable, the ETH 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 ETH's -39.23% 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*
- —
ETH
- 1D
- -1.71%
- 1M
- -24.67%
- YTD
- -39.23%
- 6M
- -42.98%
- 1Y
- -32.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCE.DE vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 44.99% |
ETH Grayscale Ethereum Staking Mini ETF | -39.23% | -21.47% | 0.96% |
Correlation
The correlation between BTCE.DE and ETH is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.62 |
The correlation between BTCE.DE and ETH has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.
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Return for Risk
BTCE.DE vs. ETH — Risk / Return Rank
BTCE.DE
ETH
BTCE.DE vs. ETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and Grayscale Ethereum Staking Mini ETF (ETH). 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 | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.96 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.53 | -0.31 |
| Martin ratioReturn relative to average drawdown | -1.46 | -0.88 | -0.58 |
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 | ETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | -0.49 | -0.55 |
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 | -0.45 | +1.03 |
Drawdowns
BTCE.DE vs. ETH - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than ETH's maximum drawdown of -65.39%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and ETH.
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Drawdown Indicators
| BTCE.DE | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -65.39% | -9.23% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -62.65% | +12.89% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | — | — |
Current DrawdownCurrent decline from peak | -49.27% | -62.65% | +13.38% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -33.55% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 37.58% | -9.06% |
Volatility
BTCE.DE vs. ETH - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) and Grayscale Ethereum Staking Mini ETF (ETH) have volatilities of 9.82% and 9.50%, 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 | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 9.50% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 44.73% | -13.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 67.51% | -27.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 72.52% | -19.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.85% | 72.52% | -14.67% |
BTCE.DE vs. ETH - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than ETH's 0.15% expense ratio.
Dividends
BTCE.DE vs. ETH - Dividend Comparison
Neither BTCE.DE nor ETH has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and ETH have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETH is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETH is cheaper with a 0.15% expense ratio, compared with 2.00% for BTCE.DE.
They also come from different issuers: ETC Issuance and Grayscale. Their fees differ too: 2.00% for BTCE.DE and 0.15% for ETH.
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