BTCN.AS vs. WITS.AS
BTCN.AS (iShares Bitcoin ETP) and WITS.AS (iShares MSCI World Information Technology Sector ESG UCITS ETF) are both exchange-traded funds - BTCN.AS is a fund fund actively managed by iShares, while WITS.AS is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. BTCN.AS is actively managed, while WITS.AS is passively managed. Over the past year, BTCN.AS returned -39.03% vs 46.64% for WITS.AS. At a 0.36 correlation, their price movements are largely independent. BTCN.AS charges 0.15%/yr vs 0.25%/yr for WITS.AS.
Performance
BTCN.AS vs. WITS.AS - Performance Comparison
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Returns By Period
In the year-to-date period, BTCN.AS achieves a -46.41% return, which is significantly lower than WITS.AS's 23.70% return.
BTCN.AS
- 1D
- -3.78%
- 1M
- -21.67%
- YTD
- -46.41%
- 6M
- -46.41%
- 1Y
- -39.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
WITS.AS
- 1D
- -1.52%
- 1M
- 12.00%
- YTD
- 23.70%
- 6M
- 22.60%
- 1Y
- 46.64%
- 3Y*
- 31.66%
- 5Y*
- 20.38%
- 10Y*
- —
BTCN.AS vs. WITS.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTCN.AS iShares Bitcoin ETP | -46.41% | 35.30% |
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF | 23.70% | 29.91% |
Correlation
The correlation between BTCN.AS and WITS.AS is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.36 |
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Return for Risk
BTCN.AS vs. WITS.AS — Risk / Return Rank
BTCN.AS
WITS.AS
BTCN.AS vs. WITS.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin ETP (BTCN.AS) and iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS). 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.
| BTCN.AS | WITS.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.02 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.40 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 2.94 | -3.74 |
| Martin ratioReturn relative to average drawdown | -1.51 | 9.14 | -10.64 |
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
| BTCN.AS | WITS.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.70 | 2.39 | -3.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.44 | 1.01 | -1.45 |
Drawdowns
BTCN.AS vs. WITS.AS - Drawdown Comparison
The maximum BTCN.AS drawdown since its inception was -49.00%, which is greater than WITS.AS's maximum drawdown of -39.08%. Use the drawdown chart below to compare losses from any high point for BTCN.AS and WITS.AS.
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Drawdown Indicators
| BTCN.AS | WITS.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.00% | -39.08% | -9.92% |
Max Drawdown (1Y)Largest decline over 1 year | -49.00% | -16.07% | -32.93% |
Max Drawdown (3Y)Largest decline over 3 years | — | -25.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -39.08% | — |
Current DrawdownCurrent decline from peak | -48.93% | -2.12% | -46.81% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -8.50% | -7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.10% | 5.20% | +20.90% |
Volatility
BTCN.AS vs. WITS.AS - Volatility Comparison
iShares Bitcoin ETP (BTCN.AS) has a higher volatility of 9.86% compared to iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) at 7.12%. This indicates that BTCN.AS's price experiences larger fluctuations and is considered to be riskier than WITS.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTCN.AS | WITS.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.86% | 7.12% | +2.74% |
Volatility (6M)Calculated over the trailing 6-month period | 52.18% | 15.52% | +36.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.53% | 19.78% | +35.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.36% | 23.75% | +29.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.36% | 24.61% | +28.75% |
BTCN.AS vs. WITS.AS - Expense Ratio Comparison
BTCN.AS has a 0.15% expense ratio, which is lower than WITS.AS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BTCN.AS vs. WITS.AS - Dividend Comparison
BTCN.AS has not paid dividends to shareholders, while WITS.AS's dividend yield for the trailing twelve months is around 0.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BTCN.AS iShares Bitcoin ETP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
WITS.AS iShares MSCI World Information Technology Sector ESG UCITS ETF | 0.25% | 0.31% | 0.38% | 0.46% | 0.81% | 0.41% | 0.73% | 0.12% |
Frequently Asked Questions
BTCN.AS and WITS.AS have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTCN.AS is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTCN.AS is cheaper with a 0.15% expense ratio, compared with 0.25% for WITS.AS.
Their fees differ too: 0.15% for BTCN.AS and 0.25% for WITS.AS.
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