BTCE.DE vs. VVSM.DE
BTCE.DE (ETC Group Physical Bitcoin) and VVSM.DE (VanEck Semiconductor UCITS ETF) are both exchange-traded funds - BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance, while VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index. BTCE.DE is actively managed, while VVSM.DE is passively managed. Over the past 5 years, BTCE.DE returned 10.38%/yr vs 38.39%/yr for VVSM.DE. At a 0.33 correlation, their price movements are largely independent. BTCE.DE charges 2.00%/yr vs 0.35%/yr for VVSM.DE.
Performance
BTCE.DE vs. VVSM.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 VVSM.DE's 88.80% 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*
- —
VVSM.DE
- 1D
- 5.78%
- 1M
- 11.46%
- YTD
- 88.80%
- 6M
- 94.46%
- 1Y
- 164.58%
- 3Y*
- 55.11%
- 5Y*
- 38.39%
- 10Y*
- —
BTCE.DE vs. VVSM.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% | 38.87% |
VVSM.DE VanEck Semiconductor UCITS ETF | 88.80% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
Correlation
The correlation between BTCE.DE and VVSM.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.33 |
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Return for Risk
BTCE.DE vs. VVSM.DE — Risk / Return Rank
BTCE.DE
VVSM.DE
BTCE.DE vs. VVSM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and VanEck Semiconductor UCITS ETF (VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.87 | ||
| Sortino ratioReturn per unit of downside risk | -6.50 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.63 | -0.80 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 13.76 | -14.59 |
| Martin ratioReturn relative to average drawdown | -1.46 | 44.81 | -46.27 |
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Drawdowns
BTCE.DE vs. VVSM.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, which is greater than VVSM.DE's maximum drawdown of -37.65%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and VVSM.DE.
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Drawdown Indicators
| BTCE.DE | VVSM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -37.65% | -36.97% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -11.65% | -38.11% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -37.52% | -12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | -37.65% | -36.97% |
Current DrawdownCurrent decline from peak | -49.27% | -1.32% | -47.95% |
Average DrawdownAverage peak-to-trough decline | -30.26% | -10.48% | -19.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 3.58% | +24.94% |
Volatility
BTCE.DE vs. VVSM.DE - Volatility Comparison
The current volatility for ETC Group Physical Bitcoin (BTCE.DE) is 9.82%, while VanEck Semiconductor UCITS ETF (VVSM.DE) has a volatility of 13.48%. This indicates that BTCE.DE experiences smaller price fluctuations and is considered to be less risky than VVSM.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 | VVSM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 13.48% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 26.15% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 33.27% | +6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 31.43% | +21.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.83% | 31.86% | +25.97% |
BTCE.DE vs. VVSM.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than VVSM.DE's 0.35% expense ratio.
Dividends
BTCE.DE vs. VVSM.DE - Dividend Comparison
Neither BTCE.DE nor VVSM.DE has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and VVSM.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 2.00% for BTCE.DE.
BTCE.DE is categorized as Cryptocurrency, while VVSM.DE is Semiconductors. They also come from different issuers: ETC Issuance and VanEck. Their fees differ too: 2.00% for BTCE.DE and 0.35% for VVSM.DE.
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