BTCE.DE vs. GBTC
Compare and contrast key facts about ETC Group Physical Bitcoin (BTCE.DE) and Grayscale Bitcoin Trust (BTC) (GBTC).
BTCE.DE is an actively managed fund by ETC Issuance. It was launched on Jun 8, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTCE.DE or GBTC.
Key characteristics
| BTCE.DE | GBTC | |
|---|---|---|
| YTD Return | 121.24% | 105.98% |
| 1Y Return | 156.25% | 160.07% |
| 3Y Return (Ann) | 14.36% | 11.51% |
| Sharpe Ratio | 3.02 | 2.45 |
| Sortino Ratio | 3.38 | 2.89 |
| Omega Ratio | 1.42 | 1.35 |
| Calmar Ratio | 3.47 | 2.82 |
| Martin Ratio | 13.70 | 9.41 |
| Ulcer Index | 11.59% | 15.45% |
| Daily Std Dev | 52.35% | 59.25% |
| Max Drawdown | -74.62% | -89.91% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between BTCE.DE and GBTC is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BTCE.DE vs. GBTC - Performance Comparison
In the year-to-date period, BTCE.DE achieves a 121.24% return, which is significantly higher than GBTC's 105.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BTCE.DE vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and Grayscale Bitcoin Trust (BTC) (GBTC). 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.
Dividends
BTCE.DE vs. GBTC - Dividend Comparison
Neither BTCE.DE nor GBTC has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
BTCE.DE vs. GBTC - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and GBTC. For additional features, visit the drawdowns tool.
Volatility
BTCE.DE vs. GBTC - Volatility Comparison
The current volatility for ETC Group Physical Bitcoin (BTCE.DE) is 15.20%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 17.81%. This indicates that BTCE.DE experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.