BTCE.DE vs. IS3R.DE
BTCE.DE (ETC Group Physical Bitcoin) and IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) are both exchange-traded funds - BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance, while IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index. BTCE.DE is actively managed, while IS3R.DE is passively managed. Over the past 5 years, BTCE.DE returned 10.38%/yr vs 14.78%/yr for IS3R.DE. At a 0.33 correlation, their price movements are largely independent. BTCE.DE charges 2.00%/yr vs 0.25%/yr for IS3R.DE.
Performance
BTCE.DE vs. IS3R.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BTCE.DE achieves a -27.02% return, which is significantly lower than IS3R.DE's 23.73% return.
BTCE.DE
- 1D
- -3.79%
- 1M
- -18.81%
- YTD
- -27.02%
- 6M
- -28.97%
- 1Y
- -41.88%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
IS3R.DE
- 1D
- 3.45%
- 1M
- 4.33%
- YTD
- 23.73%
- 6M
- 26.24%
- 1Y
- 35.47%
- 3Y*
- 25.94%
- 5Y*
- 14.78%
- 10Y*
- 15.43%
BTCE.DE vs. IS3R.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 162.37% |
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 23.73% | 8.37% | 37.95% | 8.09% | -13.60% | 24.52% | 13.98% |
Correlation
The correlation between BTCE.DE and IS3R.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.33 |
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Return for Risk
BTCE.DE vs. IS3R.DE — Risk / Return Rank
BTCE.DE
IS3R.DE
BTCE.DE vs. IS3R.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.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.DE | IS3R.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.02 | ||
| Sortino ratioReturn per unit of downside risk | -4.47 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.36 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 3.89 | -4.73 |
| Martin ratioReturn relative to average drawdown | -1.46 | 14.75 | -16.21 |
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Drawdowns
BTCE.DE vs. IS3R.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than IS3R.DE's maximum drawdown of -30.76%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and IS3R.DE.
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Drawdown Indicators
| BTCE.DE | IS3R.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -30.76% | -43.86% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -9.01% | -40.75% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -23.57% | -26.19% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | -23.57% | -51.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.76% | — |
Current DrawdownCurrent decline from peak | -49.27% | -0.02% | -49.25% |
Average DrawdownAverage peak-to-trough decline | -30.26% | -7.19% | -23.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 2.38% | +26.14% |
Volatility
BTCE.DE vs. IS3R.DE - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) has a higher volatility of 9.82% compared to iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) at 6.79%. This indicates that BTCE.DE's price experiences larger fluctuations and is considered to be riskier than IS3R.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCE.DE | IS3R.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 6.79% | +3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 15.14% | +16.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 17.72% | +22.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 17.47% | +35.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.83% | 18.09% | +39.74% |
BTCE.DE vs. IS3R.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than IS3R.DE's 0.25% expense ratio.
Dividends
BTCE.DE vs. IS3R.DE - Dividend Comparison
Neither BTCE.DE nor IS3R.DE has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and IS3R.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 2.00% for BTCE.DE.
BTCE.DE is categorized as Cryptocurrency, while IS3R.DE is Momentum. They also come from different issuers: ETC Issuance and iShares. Their fees differ too: 2.00% for BTCE.DE and 0.25% for IS3R.DE.
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