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BTCE.DE vs. ETHB.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

BTCE.DE vs. ETHB.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Bitwise Physical Bitcoin ETP (BTCE.DE) and 21Shares Ethereum Staking ETP (ETHB.DE). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

BTCE.DE is traded in EUR, while ETHB.DE is traded in USD. To make them comparable, the ETHB.DE values have been converted to EUR using the latest available exchange rates.

Returns By Period


BTCE.DE

1D
0.00%
1M
1.37%
6M
-11.75%
YTD
-26.76%
1Y
-44.28%
3Y*
25.27%
5Y*
7.21%
10Y*
ALL TIME*
30.04%

ETHB.DE

1D
0.00%
1M
5.04%
6M
YTD
1Y
3Y*
5Y*
10Y*
ALL TIME*
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison


PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)
€508.71K€595.77K€1.12M
€105.88€21.97K€17.47K

BTCE.DE vs. ETHB.DE - Yearly Performance Comparison


Correlation

The correlation between BTCE.DE and ETHB.DE is 0.88, meaning they have usually moved in the same direction, including during past declines.


Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 29, 2026

0.88

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Return for Risk

BTCE.DE vs. ETHB.DE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BTCE.DE
BTCE.DE Risk / Return Rank: 22
Overall Rank
BTCE.DE Sharpe Ratio Rank: 11
Sharpe Ratio Rank
BTCE.DE Sortino Ratio Rank: 11
Sortino Ratio Rank
BTCE.DE Omega Ratio Rank: 22
Omega Ratio Rank
BTCE.DE Calmar Ratio Rank: 22
Calmar Ratio Rank
BTCE.DE Martin Ratio Rank: 22
Martin Ratio Rank

ETHB.DE

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BTCE.DE vs. ETHB.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bitwise Physical Bitcoin ETP (BTCE.DE) and 21Shares Ethereum Staking ETP (ETHB.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.DEETHB.DEDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

0.82

Calmar ratioReturn relative to maximum drawdown

-0.84

Martin ratioReturn relative to average drawdown

-1.27

BTCE.DE vs. ETHB.DE - Sharpe Ratio Comparison


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Drawdowns

BTCE.DE vs. ETHB.DE - Drawdown Comparison

The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than ETHB.DE's maximum drawdown of -5.58%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and ETHB.DE.


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Drawdown Indicators


BTCE.DEETHB.DEDifference

Max Drawdown

Largest peak-to-trough decline

-74.62%

-5.58%

-69.04%

Max Drawdown (1Y)

Largest decline over 1 year

-53.06%

Max Drawdown (3Y)

Largest decline over 3 years

-53.06%

Max Drawdown (5Y)

Largest decline over 5 years

-74.62%

Current Drawdown

Current decline from peak

-49.09%

-5.15%

-43.94%

Average Drawdown

Average peak-to-trough decline

-30.88%

-1.90%

-28.98%

Ulcer Index

Depth and duration of drawdowns from previous peaks

35.01%

Volatility

BTCE.DE vs. ETHB.DE - Volatility Comparison


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Volatility by Period


BTCE.DEETHB.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.48%

Volatility (6M)

Calculated over the trailing 6-month period

28.87%

Volatility (1Y)

Calculated over the trailing 1-year period

40.94%

39.67%

+1.27%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

50.69%

39.67%

+11.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

57.53%

39.67%

+17.86%

BTCE.DE vs. ETHB.DE - Expense Ratio Comparison

BTCE.DE has a 2.00% expense ratio, which is higher than ETHB.DE's 1.49% expense ratio.


Dividends

BTCE.DE vs. ETHB.DE - Dividend Comparison

Neither BTCE.DE nor ETHB.DE has paid dividends to shareholders.


Tickers have no history of dividend payments

Frequently Asked Questions


BTCE.DE and ETHB.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, ETHB.DE is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

ETHB.DE is cheaper with a 1.49% expense ratio, compared with 2.00% for BTCE.DE.

They also come from different issuers: Bitwise and 21Shares. Their fees differ too: 2.00% for BTCE.DE and 1.49% for ETHB.DE.

Portfolio Optimizer

Find the right allocation for BTCE.DE and ETHB.DE

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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