BTCE.DE vs. SGOL
BTCE.DE (ETC Group Physical Bitcoin) and SGOL (abrdn Physical Gold Shares ETF) are both exchange-traded funds - BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance, while SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt). BTCE.DE is actively managed, while SGOL is passively managed. Over the past 5 years, BTCE.DE returned 10.38%/yr vs 19.70%/yr for SGOL. At a 0.03 correlation, their price movements are largely independent. BTCE.DE charges 2.00%/yr vs 0.17%/yr for SGOL.
Performance
BTCE.DE vs. SGOL - Performance Comparison
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Different Trading Currencies
BTCE.DE is traded in EUR, while SGOL is traded in USD. To make them comparable, the SGOL 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 SGOL's 5.03% 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*
- —
SGOL
- 1D
- 0.71%
- 1M
- -1.00%
- YTD
- 5.03%
- 6M
- 6.59%
- 1Y
- 30.34%
- 3Y*
- 27.98%
- 5Y*
- 19.70%
- 10Y*
- 13.15%
BTCE.DE vs. SGOL - 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% | 164.73% |
SGOL abrdn Physical Gold Shares ETF | 5.03% | 44.53% | 35.28% | 9.61% | 5.65% | 3.25% | 0.91% |
Correlation
The correlation between BTCE.DE and SGOL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2020 | 0.03 |
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Return for Risk
BTCE.DE vs. SGOL — Risk / Return Rank
BTCE.DE
SGOL
BTCE.DE vs. SGOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and abrdn Physical Gold Shares ETF (SGOL). 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 | SGOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.27 | ||
| Sortino ratioReturn per unit of downside risk | -3.20 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.25 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 1.78 | -2.62 |
| Martin ratioReturn relative to average drawdown | -1.46 | 4.26 | -5.72 |
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 | SGOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 1.22 | -2.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 1.19 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.88 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.66 | -0.08 |
Drawdowns
BTCE.DE vs. SGOL - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than SGOL's maximum drawdown of -37.47%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and SGOL.
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Drawdown Indicators
| BTCE.DE | SGOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -37.47% | -37.15% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -17.09% | -32.67% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -17.09% | -32.67% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | -17.09% | -57.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.49% | — |
Current DrawdownCurrent decline from peak | -49.27% | -15.49% | -33.78% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -12.47% | -17.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 7.15% | +21.37% |
Volatility
BTCE.DE vs. SGOL - Volatility Comparison
ETC Group Physical Bitcoin (BTCE.DE) has a higher volatility of 9.82% compared to abrdn Physical Gold Shares ETF (SGOL) at 4.57%. This indicates that BTCE.DE's price experiences larger fluctuations and is considered to be riskier than SGOL 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 | SGOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 4.57% | +5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 21.57% | +9.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 24.90% | +14.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 16.60% | +35.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.85% | 14.90% | +42.95% |
BTCE.DE vs. SGOL - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than SGOL's 0.17% expense ratio.
Dividends
BTCE.DE vs. SGOL - Dividend Comparison
Neither BTCE.DE nor SGOL has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and SGOL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SGOL is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SGOL is cheaper with a 0.17% expense ratio, compared with 2.00% for BTCE.DE.
BTCE.DE is categorized as Cryptocurrency, while SGOL is Gold. They also come from different issuers: ETC Issuance and abrdn. Their fees differ too: 2.00% for BTCE.DE and 0.17% for SGOL.
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