EXH9.DE vs. 2BTC.DE
EXH9.DE (iShares STOXX Europe 600 Utilities UCITS ETF (DE)) and 2BTC.DE (21Shares Bitcoin ETP) are both exchange-traded funds - EXH9.DE is a Utilities Equities fund tracking the STOXX® Europe 600 Utilities, while 2BTC.DE is a Cryptocurrency fund actively managed by 21Shares. EXH9.DE is passively managed, while 2BTC.DE is actively managed. Over the past 5 years, EXH9.DE returned 11.76%/yr vs 11.03%/yr for 2BTC.DE. At a 0.12 correlation, their price movements are largely independent. EXH9.DE charges 0.47%/yr vs 1.49%/yr for 2BTC.DE.
Performance
EXH9.DE vs. 2BTC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXH9.DE achieves a 12.41% return, which is significantly higher than 2BTC.DE's -26.93% return.
EXH9.DE
- 1D
- -0.18%
- 1M
- -3.20%
- YTD
- 12.41%
- 6M
- 13.56%
- 1Y
- 25.76%
- 3Y*
- 16.47%
- 5Y*
- 11.76%
- 10Y*
- 10.74%
2BTC.DE
- 1D
- -3.67%
- 1M
- -21.27%
- YTD
- -26.93%
- 6M
- -31.43%
- 1Y
- -41.35%
- 3Y*
- 28.78%
- 5Y*
- 11.03%
- 10Y*
- —
EXH9.DE vs. 2BTC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 12.41% | 33.92% | 1.25% | 13.58% | -7.50% | 8.84% | 9.52% |
2BTC.DE 21Shares Bitcoin ETP | -26.93% | -17.79% | 127.95% | 147.44% | -63.76% | 82.65% | 177.87% |
Correlation
The correlation between EXH9.DE and 2BTC.DE is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2020 | 0.12 |
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Return for Risk
EXH9.DE vs. 2BTC.DE — Risk / Return Rank
EXH9.DE
2BTC.DE
EXH9.DE vs. 2BTC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) and 21Shares Bitcoin ETP (2BTC.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.
| EXH9.DE | 2BTC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.77 | ||
| Sortino ratioReturn per unit of downside risk | +3.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 0.83 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.44 | -0.83 | +4.27 |
| Martin ratioReturn relative to average drawdown | 9.54 | -1.45 | +10.99 |
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
| EXH9.DE | 2BTC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.74 | -1.04 | +2.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.73 | 0.21 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.63 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.62 | -0.20 |
Drawdowns
EXH9.DE vs. 2BTC.DE - Drawdown Comparison
The maximum EXH9.DE drawdown since its inception was -51.33%, smaller than the maximum 2BTC.DE drawdown of -74.55%. Use the drawdown chart below to compare losses from any high point for EXH9.DE and 2BTC.DE.
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Drawdown Indicators
| EXH9.DE | 2BTC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.33% | -74.55% | +23.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.45% | -49.73% | +42.28% |
Max Drawdown (3Y)Largest decline over 3 years | -13.67% | -49.73% | +36.06% |
Max Drawdown (5Y)Largest decline over 5 years | -22.71% | -74.55% | +51.84% |
Max Drawdown (10Y)Largest decline over 10 years | -33.21% | — | — |
Current DrawdownCurrent decline from peak | -5.32% | -49.12% | +43.80% |
Average DrawdownAverage peak-to-trough decline | -16.67% | -30.26% | +13.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.69% | 28.45% | -25.76% |
Volatility
EXH9.DE vs. 2BTC.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 600 Utilities UCITS ETF (DE) (EXH9.DE) is 5.89%, while 21Shares Bitcoin ETP (2BTC.DE) has a volatility of 9.87%. This indicates that EXH9.DE experiences smaller price fluctuations and is considered to be less risky than 2BTC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXH9.DE | 2BTC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 9.87% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 31.32% | -18.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 39.83% | -25.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.00% | 52.82% | -36.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.03% | 57.93% | -40.90% |
EXH9.DE vs. 2BTC.DE - Expense Ratio Comparison
EXH9.DE has a 0.47% expense ratio, which is lower than 2BTC.DE's 1.49% expense ratio.
Dividends
EXH9.DE vs. 2BTC.DE - Dividend Comparison
EXH9.DE's dividend yield for the trailing twelve months is around 2.61%, while 2BTC.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2BTC.DE 21Shares Bitcoin ETP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EXH9.DE iShares STOXX Europe 600 Utilities UCITS ETF (DE) | 2.61% | 2.96% | 3.27% | 3.47% | 3.33% | 3.11% | 2.36% | 3.41% | 3.31% | 6.56% | 4.89% | 4.62% |
Frequently Asked Questions
EXH9.DE and 2BTC.DE have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXH9.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXH9.DE is cheaper with a 0.47% expense ratio, compared with 1.49% for 2BTC.DE.
EXH9.DE is categorized as Utilities Equities, while 2BTC.DE is Cryptocurrency. They also come from different issuers: iShares and 21Shares. Their fees differ too: 0.47% for EXH9.DE and 1.49% for 2BTC.DE.
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