ERO.L vs. BTC-USD
Compare and contrast key facts about SPDR MSCI Europe UCITS ETF (ERO.L) and Bitcoin (BTC-USD).
ERO.L is a passively managed fund by State Street Global Advisors Ltd that tracks the performance of the MSCI Europe NR EUR. It was launched on Dec 5, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERO.L or BTC-USD.
Correlation
The correlation between ERO.L and BTC-USD is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ERO.L vs. BTC-USD - Performance Comparison
Key characteristics
ERO.L:
1.24
BTC-USD:
1.32
ERO.L:
1.79
BTC-USD:
2.03
ERO.L:
1.21
BTC-USD:
1.20
ERO.L:
1.98
BTC-USD:
1.06
ERO.L:
4.44
BTC-USD:
6.04
ERO.L:
2.93%
BTC-USD:
10.76%
ERO.L:
10.46%
BTC-USD:
44.09%
ERO.L:
-28.41%
BTC-USD:
-93.07%
ERO.L:
0.00%
BTC-USD:
-9.00%
Returns By Period
In the year-to-date period, ERO.L achieves a 8.33% return, which is significantly higher than BTC-USD's 3.39% return. Over the past 10 years, ERO.L has underperformed BTC-USD with an annualized return of 7.94%, while BTC-USD has yielded a comparatively higher 83.75% annualized return.
ERO.L
8.33%
6.69%
7.44%
12.96%
7.60%
7.94%
BTC-USD
3.39%
-0.34%
56.53%
117.95%
57.82%
83.75%
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Risk-Adjusted Performance
ERO.L vs. BTC-USD — Risk-Adjusted Performance Rank
ERO.L
BTC-USD
ERO.L vs. BTC-USD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe UCITS ETF (ERO.L) and Bitcoin (BTC-USD). 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.
Drawdowns
ERO.L vs. BTC-USD - Drawdown Comparison
The maximum ERO.L drawdown since its inception was -28.41%, smaller than the maximum BTC-USD drawdown of -93.07%. Use the drawdown chart below to compare losses from any high point for ERO.L and BTC-USD. For additional features, visit the drawdowns tool.
Volatility
ERO.L vs. BTC-USD - Volatility Comparison
The current volatility for SPDR MSCI Europe UCITS ETF (ERO.L) is 3.56%, while Bitcoin (BTC-USD) has a volatility of 12.42%. This indicates that ERO.L experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.