BTCE.DE vs. STRD

Last updated Jun 5, 2026

BTCE.DE (ETC Group Physical Bitcoin) is Cryptocurrency fund actively managed by ETC Issuance, while STRD (MicroStrategy Incorporated) is a stock. At a correlation of -0.10, they often move in opposite directions.

Performance

BTCE.DE vs. STRD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in ETC Group Physical Bitcoin (BTCE.DE) and MicroStrategy Incorporated (STRD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BTCE.DE is traded in EUR, while STRD is traded in USD. To make them comparable, the STRD values have been converted to EUR using the latest available exchange rates.

Returns By Period

BTCE.DE

• 1D: -3.79%
• 1M: -20.74%
• YTD: -27.02%
• 6M: -28.97%
• 1Y: -41.00%
• 3Y*: 28.04%
• 5Y*: 10.38%
• 10Y*: —

STRD

• 1D: 0.66%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BTCE.DE vs. STRD - Yearly Performance Comparison

	2026 (YTD)
BTCE.DE ETC Group Physical Bitcoin	-15.06%
STRD MicroStrategy Incorporated	-1.36%

Correlation

The correlation between BTCE.DE and STRD is -0.10, 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 (All Time) Calculated using the full available price history since May 28, 2026	-0.10

Return for Risk

BTCE.DE vs. STRD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BTCE.DE

BTCE.DE Risk / Return Rank: 1
BTCE.DE Sharpe Ratio Rank: 1
BTCE.DE Sortino Ratio Rank: 1
BTCE.DE Omega Ratio Rank: 2
BTCE.DE Calmar Ratio Rank: 2
BTCE.DE Martin Ratio Rank: 1

STRD

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BTCE.DE vs. STRD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and MicroStrategy Incorporated (STRD). 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	STRD	Difference
Sharpe ratio: Return per unit of total volatility	-1.04	—	—
Sortino ratio: Return per unit of downside risk	-1.56	—	—
Omega ratio: Gain probability vs. loss probability	0.83	—	—
Calmar ratio: Return relative to maximum drawdown	-0.83	—	—
Martin ratio: Return relative to average drawdown	-1.46	—	—

Drawdowns

BTCE.DE vs. STRD - Drawdown Comparison

The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than STRD's maximum drawdown of -6.21%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and STRD.

Drawdown Indicators

	BTCE.DE	STRD	Difference
Max Drawdown Largest peak-to-trough decline	-74.62%	-6.21%	-68.41%
Max Drawdown (1Y) Largest decline over 1 year	-49.76%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-49.76%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.62%	—	—
Current Drawdown Current decline from peak	-49.27%	-1.36%	-47.91%
Average Drawdown Average peak-to-trough decline	-30.26%	-3.83%	-26.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.52%	—	—

Volatility

Volatility by Period

	BTCE.DE	STRD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.82%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.81%	31.05%	+8.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.58%	31.05%	+21.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	57.83%	31.05%	+26.78%

Dividends

BTCE.DE vs. STRD - Dividend Comparison

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

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BTCE.DE and STRD in my portfolio?

BTCE.DE and STRD have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.