FWIA.DE vs. VBTC.PA
FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) and VBTC.PA (VanEck Bitcoin ETN A) are both exchange-traded funds - FWIA.DE is a Global Equities fund tracking the FTSE All-World, while VBTC.PA is a Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index. Both are passively managed. Over the past year, FWIA.DE returned 25.74% vs -40.86% for VBTC.PA. At a 0.37 correlation, their price movements are largely independent. FWIA.DE charges 0.15%/yr vs 1.00%/yr for VBTC.PA.
Performance
FWIA.DE vs. VBTC.PA - Performance Comparison
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Returns By Period
In the year-to-date period, FWIA.DE achieves a 12.60% return, which is significantly higher than VBTC.PA's -27.36% return.
FWIA.DE
- 1D
- -0.22%
- 1M
- 3.61%
- YTD
- 12.60%
- 6M
- 13.06%
- 1Y
- 25.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VBTC.PA
- 1D
- -3.96%
- 1M
- -18.79%
- YTD
- -27.36%
- 6M
- -29.65%
- 1Y
- -40.86%
- 3Y*
- 29.35%
- 5Y*
- 11.58%
- 10Y*
- —
FWIA.DE vs. VBTC.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.98% |
VBTC.PA VanEck Bitcoin ETN A | -27.36% | -17.91% | 135.65% | 36.72% |
Correlation
The correlation between FWIA.DE and VBTC.PA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2023 | 0.37 |
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Return for Risk
FWIA.DE vs. VBTC.PA — Risk / Return Rank
FWIA.DE
VBTC.PA
FWIA.DE vs. VBTC.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) and VanEck Bitcoin ETN A (VBTC.PA). 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.
| FWIA.DE | VBTC.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.40 | ||
| Sortino ratioReturn per unit of downside risk | +4.87 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 0.83 | +0.61 |
| Calmar ratioReturn relative to maximum drawdown | 4.08 | -0.82 | +4.90 |
| Martin ratioReturn relative to average drawdown | 16.52 | -1.44 | +17.96 |
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
| FWIA.DE | VBTC.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | -1.05 | +3.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.22 | +1.18 |
Drawdowns
FWIA.DE vs. VBTC.PA - Drawdown Comparison
The maximum FWIA.DE drawdown since its inception was -20.96%, smaller than the maximum VBTC.PA drawdown of -74.29%. Use the drawdown chart below to compare losses from any high point for FWIA.DE and VBTC.PA.
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Drawdown Indicators
| FWIA.DE | VBTC.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.96% | -74.29% | +53.33% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -49.44% | +42.95% |
Max Drawdown (3Y)Largest decline over 3 years | — | -49.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.29% | — |
Current DrawdownCurrent decline from peak | -0.62% | -48.88% | +48.26% |
Average DrawdownAverage peak-to-trough decline | -2.44% | -32.12% | +29.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 28.43% | -26.83% |
Volatility
FWIA.DE vs. VBTC.PA - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) is 2.96%, while VanEck Bitcoin ETN A (VBTC.PA) has a volatility of 9.68%. This indicates that FWIA.DE experiences smaller price fluctuations and is considered to be less risky than VBTC.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FWIA.DE | VBTC.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 9.68% | -6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 28.59% | -20.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.22% | 38.90% | -27.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.18% | 52.76% | -39.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.18% | 52.80% | -39.62% |
FWIA.DE vs. VBTC.PA - Expense Ratio Comparison
FWIA.DE has a 0.15% expense ratio, which is lower than VBTC.PA's 1.00% expense ratio.
Dividends
FWIA.DE vs. VBTC.PA - Dividend Comparison
Neither FWIA.DE nor VBTC.PA has paid dividends to shareholders.
Frequently Asked Questions
FWIA.DE and VBTC.PA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 1.00% for VBTC.PA.
FWIA.DE is categorized as Global Equities, while VBTC.PA is Cryptocurrency. FWIA.DE tracks FTSE All-World, while VBTC.PA tracks MVIS Cryptocompare Bitcoin VWAP Close Index. They also come from different issuers: Invesco and VanEck. Their fees differ too: 0.15% for FWIA.DE and 1.00% for VBTC.PA.
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