BTCE.DE vs. WGMI
BTCE.DE (ETC Group Physical Bitcoin) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, BTCE.DE returned 28.04%/yr vs 83.51%/yr for WGMI. At a 0.46 correlation, their price movements are largely independent. BTCE.DE charges 2.00%/yr vs 0.75%/yr for WGMI.
Performance
BTCE.DE vs. WGMI - Performance Comparison
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Different Trading Currencies
BTCE.DE is traded in EUR, while WGMI is traded in USD. To make them comparable, the WGMI 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 WGMI's 83.30% 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*
- —
WGMI
- 1D
- -2.05%
- 1M
- 26.63%
- YTD
- 83.30%
- 6M
- 47.06%
- 1Y
- 255.37%
- 3Y*
- 83.51%
- 5Y*
- —
- 10Y*
- —
BTCE.DE vs. WGMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -60.32% |
WGMI Valkyrie Bitcoin Miners ETF | 83.30% | 52.00% | 31.69% | 291.96% | -82.37% |
Correlation
The correlation between BTCE.DE and WGMI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022 | 0.46 |
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Return for Risk
BTCE.DE vs. WGMI — Risk / Return Rank
BTCE.DE
WGMI
BTCE.DE vs. WGMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ETC Group Physical Bitcoin (BTCE.DE) and Valkyrie Bitcoin Miners ETF (WGMI). 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 | WGMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.46 | ||
| Sortino ratioReturn per unit of downside risk | -4.82 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.39 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | 5.13 | -5.96 |
| Martin ratioReturn relative to average drawdown | -1.46 | 10.18 | -11.64 |
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 | WGMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.04 | 3.42 | -4.46 |
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 | 0.30 | +0.28 |
Drawdowns
BTCE.DE vs. WGMI - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, smaller than the maximum WGMI drawdown of -85.04%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and WGMI.
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Drawdown Indicators
| BTCE.DE | WGMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -85.04% | +10.42% |
Max Drawdown (1Y)Largest decline over 1 year | -49.76% | -50.15% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -49.76% | -65.10% | +15.34% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | — | — |
Current DrawdownCurrent decline from peak | -49.27% | -2.87% | -46.40% |
Average DrawdownAverage peak-to-trough decline | -30.28% | -42.26% | +11.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.52% | 25.21% | +3.31% |
Volatility
BTCE.DE vs. WGMI - Volatility Comparison
The current volatility for ETC Group Physical Bitcoin (BTCE.DE) is 9.82%, while Valkyrie Bitcoin Miners ETF (WGMI) has a volatility of 18.47%. This indicates that BTCE.DE experiences smaller price fluctuations and is considered to be less risky than WGMI 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 | WGMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.82% | 18.47% | -8.65% |
Volatility (6M)Calculated over the trailing 6-month period | 31.25% | 54.02% | -22.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.81% | 75.42% | -35.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.58% | 80.26% | -27.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.85% | 80.26% | -22.41% |
BTCE.DE vs. WGMI - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is higher than WGMI's 0.75% expense ratio.
Dividends
BTCE.DE vs. WGMI - Dividend Comparison
Neither BTCE.DE nor WGMI has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% |
WGMI Valkyrie Bitcoin Miners ETF | 0.00% | 0.00% | 0.22% | 0.31% |
Frequently Asked Questions
BTCE.DE and WGMI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WGMI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WGMI is cheaper with a 0.75% expense ratio, compared with 2.00% for BTCE.DE.
They also come from different issuers: ETC Issuance and Valkyrie. Their fees differ too: 2.00% for BTCE.DE and 0.75% for WGMI.
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