BTCE.DE vs. SETH
BTCE.DE (ETC Group Physical Bitcoin) and SETH (ProShares Short Ether Strategy ETF) are both Cryptocurrency funds. BTCE.DE is actively managed, while SETH is passively managed. Over the past year, BTCE.DE returned -41.65% vs -1.51% for SETH. At a correlation of -0.58, they often move in opposite directions. BTCE.DE charges 2.00%/yr vs 0.95%/yr for SETH.
Performance
BTCE.DE vs. SETH - Performance Comparison
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Different Trading Currencies
BTCE.DE is traded in EUR, while SETH is traded in USD. To make them comparable, the SETH values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTCE.DE achieves a -27.02% return, which is significantly lower than SETH's 44.74% return.
BTCE.DE
- 1D
- -3.79%
- 1M
- -21.28%
- YTD
- -27.02%
- 6M
- -31.67%
- 1Y
- -41.65%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
SETH
- 1D
- 1.41%
- 1M
- 33.37%
- YTD
- 44.74%
- 6M
- 49.44%
- 1Y
- -1.51%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTCE.DE vs. SETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 18.94% |
SETH ProShares Short Ether Strategy ETF | 44.74% | -37.79% | -46.26% | -25.70% |
Correlation
The correlation between BTCE.DE and SETH is -0.68, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2023 | -0.58 |
The correlation between BTCE.DE and SETH shifts across timeframes, from -0.68 (1 year) to -0.58 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BTCE.DE vs. SETH — Risk / Return Rank
BTCE.DE
SETH
BTCE.DE vs. SETH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and ProShares Short Ether Strategy ETF (SETH). 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 | SETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.02 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.05 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.03 | -0.81 |
| Martin ratioReturn relative to average drawdown | -1.46 | -0.04 | -1.42 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BTCE.DE | SETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | -0.02 | -1.02 |
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 | -0.47 | +1.05 |
Drawdowns
BTCE.DE vs. SETH - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, smaller than the maximum SETH drawdown of -82.53%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and SETH.
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Drawdown Indicators
| BTCE.DE | SETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -82.53% | +7.91% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -56.52% | +6.76% |
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% | -64.05% | +14.78% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -56.53% | +26.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 36.24% | -7.72% |
Volatility
BTCE.DE vs. SETH - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) and ProShares Short Ether Strategy ETF (SETH) have volatilities of 9.82% and 9.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCE.DE | SETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 9.97% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 46.26% | -15.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 69.70% | -29.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 70.10% | -17.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.85% | 70.10% | -12.25% |
BTCE.DE vs. SETH - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than SETH's 0.95% expense ratio.
Dividends
BTCE.DE vs. SETH - Dividend Comparison
BTCE.DE has not paid dividends to shareholders, while SETH's dividend yield for the trailing twelve months is around 10.75%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% |
SETH ProShares Short Ether Strategy ETF | 10.75% | 7.01% | 3.44% | 0.38% |
Frequently Asked Questions
BTCE.DE and SETH have a correlation of -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SETH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SETH is cheaper with a 0.95% expense ratio, compared with 2.00% for BTCE.DE.
They also come from different issuers: ETC Issuance and ProShares. Their fees differ too: 2.00% for BTCE.DE and 0.95% for SETH.
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