BX vs. BTCE.DE
BX (Blackstone Inc.) is a stock, while BTCE.DE (ETC Group Physical Bitcoin) is Cryptocurrency fund actively managed by ETC Issuance. Over the past 5 years, BX returned 8.83%/yr vs 9.35%/yr for BTCE.DE. At a 0.24 correlation, their price movements are largely independent.
Performance
BX vs. BTCE.DE - Performance Comparison
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Different Trading Currencies
BX is traded in USD, while BTCE.DE is traded in EUR. To make them comparable, the BTCE.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BX achieves a -18.67% return, which is significantly higher than BTCE.DE's -27.87% return.
BX
- 1D
- 1.58%
- 1M
- 4.16%
- YTD
- -18.67%
- 6M
- -17.07%
- 1Y
- -6.72%
- 3Y*
- 14.11%
- 5Y*
- 8.83%
- 10Y*
- 22.59%
BTCE.DE
- 1D
- -3.69%
- 1M
- -19.41%
- YTD
- -27.87%
- 6M
- -29.75%
- 1Y
- -40.70%
- 3Y*
- 31.53%
- 5Y*
- 9.35%
- 10Y*
- —
BX vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | -18.67% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 15.38% |
BTCE.DE ETC Group Physical Bitcoin | -27.87% | -7.65% | 112.88% | 154.31% | -65.88% | 67.06% | 187.82% |
Correlation
The correlation between BX and BTCE.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.24 |
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Return for Risk
BX vs. BTCE.DE — Risk / Return Rank
BX
BTCE.DE
BX vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Blackstone Inc. (BX) and ETC Group Physical Bitcoin (BTCE.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.
| BX | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.74 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.84 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.82 | +0.60 |
| Martin ratioReturn relative to average drawdown | -0.40 | -1.42 | +1.02 |
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Drawdowns
BX vs. BTCE.DE - Drawdown Comparison
The maximum BX drawdown since its inception was -88.09%, which is greater than BTCE.DE's maximum drawdown of -77.07%. Use the drawdown chart below to compare losses from any high point for BX and BTCE.DE.
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Drawdown Indicators
| BX | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -77.07% | -11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -44.76% | -49.71% | +4.95% |
Max Drawdown (3Y)Largest decline over 3 years | -46.50% | -49.71% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -49.29% | -77.07% | +27.78% |
Max Drawdown (10Y)Largest decline over 10 years | -49.29% | — | — |
Current DrawdownCurrent decline from peak | -35.07% | -49.71% | +14.64% |
Average DrawdownAverage peak-to-trough decline | -26.39% | -31.22% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.20% | 28.63% | -4.43% |
Volatility
BX vs. BTCE.DE - Volatility Comparison
Blackstone Inc. (BX) has a higher volatility of 12.67% compared to ETC Group Physical Bitcoin (BTCE.DE) at 9.77%. This indicates that BX's price experiences larger fluctuations and is considered to be riskier than BTCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BX | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.67% | 9.77% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 28.51% | 31.28% | -2.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.98% | 39.98% | -5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.41% | 53.24% | -13.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.79% | 58.56% | -22.77% |
Dividends
BX vs. BTCE.DE - Dividend Comparison
BX's dividend yield for the trailing twelve months is around 4.05%, while BTCE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTCE.DE ETC Group Physical Bitcoin | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BX Blackstone Inc. | 4.05% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
Frequently Asked Questions
BX and BTCE.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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