BTCE.DE vs. VDIV.DE
BTCE.DE (Bitwise Physical Bitcoin ETP) and VDIV.DE (VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF) are both exchange-traded funds - BTCE.DE is a Cryptocurrency fund actively managed by Bitwise, while VDIV.DE is a Global Equities fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. BTCE.DE is actively managed, while VDIV.DE is passively managed. Over the past 5 years, BTCE.DE returned 7.21%/yr vs 18.51%/yr for VDIV.DE. Their 0.23 correlation means their historical movements had little consistent relationship. BTCE.DE charges 2.00%/yr vs 0.38%/yr for VDIV.DE.
Performance
BTCE.DE vs. VDIV.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTCE.DE achieves a -26.76% return, which is significantly lower than VDIV.DE's 16.43% return.
BTCE.DE
- 1D
- 0.00%
- 1M
- 1.37%
- 6M
- -11.75%
- YTD
- -26.76%
- 1Y
- -44.28%
- 3Y*
- 25.27%
- 5Y*
- 7.21%
- 10Y*
- —
- ALL TIME*
- 30.04%
VDIV.DE
- 1D
- -0.69%
- 1M
- 4.18%
- 6M
- 8.84%
- YTD
- 16.43%
- 1Y
- 31.88%
- 3Y*
- 21.59%
- 5Y*
- 18.51%
- 10Y*
- —
- ALL TIME*
- 15.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTCE.DE Bitwise Physical Bitcoin ETP | €508.71K | €595.77K | €1.12M |
| €9.89M | €7.85M | €7.51M |
BTCE.DE vs. VDIV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BTCE.DE Bitwise Physical Bitcoin ETP | -26.76% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 130.73% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 16.43% | 24.58% | 15.66% | 11.45% | 15.47% | 27.94% | 2.86% |
Correlation
The correlation between BTCE.DE and VDIV.DE is 0.10, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.10 |
Correlation (3Y) Balances recent behavior with more history. | 0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020 | 0.23 |
The correlation between BTCE.DE and VDIV.DE shifts across timeframes, from 0.10 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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. VDIV.DE — Risk / Return Rank
BTCE.DE
VDIV.DE
BTCE.DE vs. VDIV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Physical Bitcoin ETP (BTCE.DE) and VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.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 | VDIV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.52 | ||
| Sortino ratioReturn per unit of downside risk | -6.57 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.64 | -0.82 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 8.62 | -9.46 |
| Martin ratioReturn relative to average drawdown | -1.27 | 25.67 | -26.93 |
Loading charts...
Drawdowns
BTCE.DE vs. VDIV.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than VDIV.DE's maximum drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and VDIV.DE.
Loading charts...
Drawdown Indicators
| BTCE.DE | VDIV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -36.13% | -38.49% |
Max Drawdown (1Y)Largest decline over 1 year | -53.06% | -3.68% | -49.38% |
Max Drawdown (3Y)Largest decline over 3 years | -53.06% | -15.13% | -37.93% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | -15.13% | -59.49% |
Current DrawdownCurrent decline from peak | -49.09% | -0.99% | -48.10% |
Average DrawdownAverage peak-to-trough decline | -30.88% | -4.15% | -26.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.01% | 1.24% | +33.77% |
Volatility
BTCE.DE vs. VDIV.DE - Volatility Comparison
Bitwise Physical Bitcoin ETP (BTCE.DE) has a higher volatility of 8.48% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (VDIV.DE) at 2.65%. This indicates that BTCE.DE's price experiences larger fluctuations and is considered to be riskier than VDIV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BTCE.DE | VDIV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 2.65% | +5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 28.87% | 6.91% | +21.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.94% | 9.24% | +31.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.69% | 11.89% | +38.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.53% | 15.26% | +42.27% |
BTCE.DE vs. VDIV.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than VDIV.DE's 0.38% expense ratio.
Dividends
BTCE.DE vs. VDIV.DE - Dividend Comparison
BTCE.DE has not paid dividends to shareholders, while VDIV.DE's dividend yield for the trailing twelve months is around 3.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BTCE.DE Bitwise Physical Bitcoin ETP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VDIV.DE VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.01% | 3.58% | 4.19% | 4.97% | 4.56% | 3.97% | 4.11% | 4.35% | 0.91% |
Frequently Asked Questions
BTCE.DE and VDIV.DE 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.
On fees, VDIV.DE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VDIV.DE is cheaper with a 0.38% expense ratio, compared with 2.00% for BTCE.DE.
BTCE.DE is categorized as Cryptocurrency, while VDIV.DE is Global Equities. They also come from different issuers: Bitwise and VanEck. Their fees differ too: 2.00% for BTCE.DE and 0.38% for VDIV.DE.
Find the right allocation for BTCE.DE and VDIV.DE
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