BTCE.DE vs. XLME.DE
BTCE.DE (Bitwise Physical Bitcoin ETP) and XLME.DE (21Shares Stellar ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, BTCE.DE returned 25.27%/yr vs 2.19%/yr for XLME.DE. Their 0.70 correlation means they have sometimes moved together and sometimes differently. BTCE.DE charges 2.00%/yr vs 2.50%/yr for XLME.DE.
Performance
BTCE.DE vs. XLME.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BTCE.DE achieves a -26.76% return, which is significantly lower than XLME.DE's -20.56% 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%
XLME.DE
- 1D
- 0.00%
- 1M
- -15.48%
- 6M
- 1.39%
- YTD
- -20.56%
- 1Y
- -58.21%
- 3Y*
- 2.19%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -12.96%
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 |
XLME.DE 21Shares Stellar ETP | €26.20K | €38.18K | €88.78K |
BTCE.DE vs. XLME.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BTCE.DE Bitwise Physical Bitcoin ETP | -26.76% | -18.20% | 125.79% | 146.52% | -63.89% | 13.70% |
XLME.DE 21Shares Stellar ETP | -20.56% | -45.22% | 165.66% | 71.95% | -72.80% | -5.87% |
Correlation
The correlation between BTCE.DE and XLME.DE is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 23, 2021 | 0.70 |
The correlation between BTCE.DE and XLME.DE has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.
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Return for Risk
BTCE.DE vs. XLME.DE — Risk / Return Rank
BTCE.DE
XLME.DE
BTCE.DE vs. XLME.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bitwise Physical Bitcoin ETP (BTCE.DE) and 21Shares Stellar ETP (XLME.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 | XLME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.86 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.86 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.27 | -1.15 | -0.12 |
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Drawdowns
BTCE.DE vs. XLME.DE - Drawdown Comparison
The maximum BTCE.DE drawdown since its inception was -74.62%, smaller than the maximum XLME.DE drawdown of -82.74%. Use the drawdown chart below to compare losses from any high point for BTCE.DE and XLME.DE.
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Drawdown Indicators
| BTCE.DE | XLME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.62% | -82.74% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -53.06% | -68.17% | +15.11% |
Max Drawdown (3Y)Largest decline over 3 years | -53.06% | -78.28% | +25.22% |
Max Drawdown (5Y)Largest decline over 5 years | -74.62% | — | — |
Current DrawdownCurrent decline from peak | -49.09% | -74.52% | +25.43% |
Average DrawdownAverage peak-to-trough decline | -30.88% | -62.93% | +32.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.01% | 50.63% | -15.62% |
Volatility
BTCE.DE vs. XLME.DE - Volatility Comparison
The current volatility for Bitwise Physical Bitcoin ETP (BTCE.DE) is 8.48%, while 21Shares Stellar ETP (XLME.DE) has a volatility of 10.36%. This indicates that BTCE.DE experiences smaller price fluctuations and is considered to be less risky than XLME.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 | XLME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 10.36% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 28.87% | 54.53% | -25.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.94% | 71.30% | -30.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.69% | 88.32% | -37.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.53% | 88.32% | -30.79% |
BTCE.DE vs. XLME.DE - Expense Ratio Comparison
BTCE.DE has a 2.00% expense ratio, which is lower than XLME.DE's 2.50% expense ratio.
Dividends
BTCE.DE vs. XLME.DE - Dividend Comparison
Neither BTCE.DE nor XLME.DE has paid dividends to shareholders.
Frequently Asked Questions
BTCE.DE and XLME.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTCE.DE is cheaper at 2.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCE.DE is cheaper with a 2.00% expense ratio, compared with 2.50% for XLME.DE.
They also come from different issuers: Bitwise and 21Shares. Their fees differ too: 2.00% for BTCE.DE and 2.50% for XLME.DE.
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