BTCE.DE vs. HODL
BTCE.DE (ETC Group Physical Bitcoin) and HODL (VanEck Bitcoin Trust) are both Cryptocurrency funds. BTCE.DE is actively managed, while HODL is passively managed. Over the past year, BTCE.DE returned -41.65% vs -40.53% for HODL. A 0.74 correlation means they provide meaningful diversification when combined. BTCE.DE charges 2.00%/yr vs 0.25%/yr for HODL.
Performance
BTCE.DE vs. HODL - Performance Comparison
Loading charts...
Different Trading Currencies
BTCE.DE is traded in EUR, while HODL is traded in USD. To make them comparable, the HODL values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with BTCE.DE having a -27.02% return and HODL slightly higher at -26.51%.
BTCE.DE
- 1D
- -3.79%
- 1M
- -21.28%
- YTD
- -27.02%
- 6M
- -31.67%
- 1Y
- -41.65%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
HODL
- 1D
- -2.90%
- 1M
- -21.66%
- YTD
- -26.51%
- 6M
- -31.12%
- 1Y
- -40.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCE.DE vs. HODL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 108.26% |
HODL VanEck Bitcoin Trust | -26.51% | -17.53% | 111.70% |
Correlation
The correlation between BTCE.DE and HODL is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.74 |
The correlation between BTCE.DE and HODL has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTCE.DE vs. HODL — Risk / Return Rank
BTCE.DE
HODL
BTCE.DE vs. HODL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and VanEck Bitcoin Trust (HODL). 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 | HODL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.85 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.82 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.46 | -1.43 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BTCE.DE | HODL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | -0.94 | -0.10 |
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 | 0.22 | +0.36 |
Drawdowns
BTCE.DE vs. HODL - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than HODL's maximum drawdown of -49.53%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and HODL.
Loading charts...
Drawdown Indicators
| BTCE.DE | HODL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -49.53% | -25.09% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -49.53% | -0.23% |
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% | -48.93% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -16.43% | -13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 28.40% | +0.12% |
Volatility
BTCE.DE vs. HODL - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) has a higher volatility of 9.82% compared to VanEck Bitcoin Trust (HODL) at 9.02%. This indicates that BTCE.DE's price experiences larger fluctuations and is considered to be riskier than HODL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCE.DE | HODL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 9.02% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 33.69% | -2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 43.22% | -3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 49.88% | +2.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.85% | 49.88% | +7.97% |
BTCE.DE vs. HODL - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than HODL's 0.25% expense ratio.
Dividends
BTCE.DE vs. HODL - Dividend Comparison
Neither BTCE.DE nor HODL has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and HODL have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HODL is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HODL is cheaper with a 0.25% expense ratio, compared with 2.00% for BTCE.DE.
They also come from different issuers: ETC Issuance and VanEck. Their fees differ too: 2.00% for BTCE.DE and 0.25% for HODL.
Find the right allocation for BTCE.DE and HODL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer