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BTCE.DE vs. GBTC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BTCE.DEGBTC
YTD Return51.91%64.76%
1Y Return106.28%197.24%
3Y Return (Ann)24.39%24.57%
Sharpe Ratio2.453.97
Daily Std Dev44.16%55.90%
Max Drawdown-74.62%-89.91%
Current Drawdown-10.91%-13.02%

Correlation

-0.50.00.51.00.7

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 51.91% return, which is significantly lower than GBTC's 64.76% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


200.00%300.00%400.00%500.00%600.00%2024FebruaryMarchAprilMayJune
520.53%
439.13%
BTCE.DE
GBTC

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ETC Group Physical Bitcoin

Grayscale Bitcoin Trust (BTC)

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.


BTCE.DE
Sharpe ratio
The chart of Sharpe ratio for BTCE.DE, currently valued at 2.45, compared to the broader market0.002.004.006.002.45
Sortino ratio
The chart of Sortino ratio for BTCE.DE, currently valued at 3.19, compared to the broader market0.005.0010.003.19
Omega ratio
The chart of Omega ratio for BTCE.DE, currently valued at 1.39, compared to the broader market0.501.001.502.002.503.003.501.39
Calmar ratio
The chart of Calmar ratio for BTCE.DE, currently valued at 1.68, compared to the broader market0.005.0010.0015.0020.001.68
Martin ratio
The chart of Martin ratio for BTCE.DE, currently valued at 11.84, compared to the broader market0.0020.0040.0060.0080.00100.00120.0011.84
GBTC
Sharpe ratio
The chart of Sharpe ratio for GBTC, currently valued at 3.62, compared to the broader market0.002.004.006.003.62
Sortino ratio
The chart of Sortino ratio for GBTC, currently valued at 3.95, compared to the broader market0.005.0010.003.95
Omega ratio
The chart of Omega ratio for GBTC, currently valued at 1.47, compared to the broader market0.501.001.502.002.503.003.501.47
Calmar ratio
The chart of Calmar ratio for GBTC, currently valued at 2.82, compared to the broader market0.005.0010.0015.0020.002.82
Martin ratio
The chart of Martin ratio for GBTC, currently valued at 23.04, compared to the broader market0.0020.0040.0060.0080.00100.00120.0023.04

BTCE.DE vs. GBTC - Sharpe Ratio Comparison

The current BTCE.DE Sharpe Ratio is 2.45, which is lower than the GBTC Sharpe Ratio of 3.97. The chart below compares the 12-month rolling Sharpe Ratio of BTCE.DE and GBTC.


Rolling 12-month Sharpe Ratio1.002.003.004.005.006.007.002024FebruaryMarchAprilMayJune
2.45
3.62
BTCE.DE
GBTC

Dividends

BTCE.DE vs. GBTC - Dividend Comparison

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


TTM2023202220212020201920182017
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%0.26%

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.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%2024FebruaryMarchAprilMayJune
-12.80%
-13.02%
BTCE.DE
GBTC

Volatility

BTCE.DE vs. GBTC - Volatility Comparison

ETC Group Physical Bitcoin (BTCE.DE) has a higher volatility of 9.86% compared to Grayscale Bitcoin Trust (BTC) (GBTC) at 8.35%. This indicates that BTCE.DE's price experiences larger fluctuations and is considered to be riskier than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


8.00%10.00%12.00%14.00%16.00%18.00%20.00%22.00%2024FebruaryMarchAprilMayJune
9.86%
8.35%
BTCE.DE
GBTC