BTIC.DE vs. CSDA.DE
Compare and contrast key facts about Invesco Physical Bitcoin ETP (BTIC.DE) and CoinShares Physical Staked Cardano EUR (CSDA.DE).
BTIC.DE and CSDA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BTIC.DE is managed by Invesco. It was launched on Nov 23, 2021. CSDA.DE is an actively managed fund by CoinShares. It was launched on Mar 11, 2022.
Performance
BTIC.DE vs. CSDA.DE - Performance Comparison
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BTIC.DE vs. CSDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BTIC.DE Invesco Physical Bitcoin ETP | -20.75% | -16.58% | 129.65% | 148.86% | -56.65% |
CSDA.DE CoinShares Physical Staked Cardano EUR | -28.99% | -58.46% | 42.08% | 163.20% | -68.57% |
Different Trading Currencies
BTIC.DE is traded in USD, while CSDA.DE is traded in EUR. To make them comparable, the CSDA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BTIC.DE achieves a -20.75% return, which is significantly higher than CSDA.DE's -28.99% return.
BTIC.DE
- 1D
- 2.00%
- 1M
- -0.13%
- YTD
- -20.75%
- 6M
- -40.88%
- 1Y
- -24.81%
- 3Y*
- 30.72%
- 5Y*
- —
- 10Y*
- —
CSDA.DE
- 1D
- 3.66%
- 1M
- -12.43%
- YTD
- -28.99%
- 6M
- -70.10%
- 1Y
- -63.10%
- 3Y*
- -13.04%
- 5Y*
- —
- 10Y*
- —
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BTIC.DE vs. CSDA.DE - Expense Ratio Comparison
BTIC.DE has a 0.10% expense ratio, which is higher than CSDA.DE's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
BTIC.DE vs. CSDA.DE — Risk / Return Rank
BTIC.DE
CSDA.DE
BTIC.DE vs. CSDA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Physical Bitcoin ETP (BTIC.DE) and CoinShares Physical Staked Cardano EUR (CSDA.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.
| BTIC.DE | CSDA.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.61 | -0.86 | +0.25 |
Sortino ratioReturn per unit of downside risk | -0.70 | -1.42 | +0.73 |
Omega ratioGain probability vs. loss probability | 0.92 | 0.85 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.53 | -0.86 | +0.33 |
Martin ratioReturn relative to average drawdown | -1.14 | -1.53 | +0.39 |
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
| BTIC.DE | CSDA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.61 | -0.86 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.27 | +0.35 |
Correlation
The correlation between BTIC.DE and CSDA.DE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BTIC.DE vs. CSDA.DE - Dividend Comparison
Neither BTIC.DE nor CSDA.DE has paid dividends to shareholders.
Drawdowns
BTIC.DE vs. CSDA.DE - Drawdown Comparison
The maximum BTIC.DE drawdown since its inception was -70.64%, smaller than the maximum CSDA.DE drawdown of -80.07%. Use the drawdown chart below to compare losses from any high point for BTIC.DE and CSDA.DE.
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Drawdown Indicators
| BTIC.DE | CSDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.64% | -81.86% | +11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -49.42% | -73.48% | +24.06% |
Current DrawdownCurrent decline from peak | -44.59% | -81.26% | +36.67% |
Average DrawdownAverage peak-to-trough decline | -31.05% | -57.19% | +26.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.00% | 41.70% | -18.70% |
Volatility
BTIC.DE vs. CSDA.DE - Volatility Comparison
The current volatility for Invesco Physical Bitcoin ETP (BTIC.DE) is 13.19%, while CoinShares Physical Staked Cardano EUR (CSDA.DE) has a volatility of 16.70%. This indicates that BTIC.DE experiences smaller price fluctuations and is considered to be less risky than CSDA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTIC.DE | CSDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.19% | 16.70% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 32.67% | 52.50% | -19.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.24% | 73.21% | -32.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.51% | 85.07% | -34.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.51% | 85.07% | -34.56% |