H4Z7.DE vs. BITC.AS
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and BITC.AS (CoinShares Physical Bitcoin (BTC) ETP) are both exchange-traded funds - H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while BITC.AS is a Cryptocurrency fund actively managed by CoinShares. H4Z7.DE is passively managed, while BITC.AS is actively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 29.34%/yr for BITC.AS. At a 0.21 correlation, their price movements are largely independent. H4Z7.DE charges 0.24%/yr vs 0.25%/yr for BITC.AS.
Performance
H4Z7.DE vs. BITC.AS - Performance Comparison
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Returns By Period
In the year-to-date period, H4Z7.DE achieves a 7.83% return, which is significantly higher than BITC.AS's -27.10% return.
H4Z7.DE
- 1D
- -0.12%
- 1M
- -0.57%
- YTD
- 7.83%
- 6M
- 8.92%
- 1Y
- 10.28%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
BITC.AS
- 1D
- -3.60%
- 1M
- -19.17%
- YTD
- -27.10%
- 6M
- -28.56%
- 1Y
- -39.92%
- 3Y*
- 29.34%
- 5Y*
- —
- 10Y*
- —
H4Z7.DE vs. BITC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 7.83% | -1.78% | 5.80% | 3.57% |
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | -27.10% | -17.17% | 136.40% | 82.20% |
Correlation
The correlation between H4Z7.DE and BITC.AS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023 | 0.21 |
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Return for Risk
H4Z7.DE vs. BITC.AS — Risk / Return Rank
H4Z7.DE
BITC.AS
H4Z7.DE vs. BITC.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) and CoinShares Physical Bitcoin (BTC) ETP (BITC.AS). 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.
| H4Z7.DE | BITC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.76 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.84 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.81 | +2.04 |
| Martin ratioReturn relative to average drawdown | 3.99 | -1.43 | +5.42 |
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Drawdowns
H4Z7.DE vs. BITC.AS - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, smaller than the maximum BITC.AS drawdown of -49.38%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and BITC.AS.
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Drawdown Indicators
| H4Z7.DE | BITC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -49.38% | +22.60% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -49.38% | +41.52% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -49.38% | +29.25% |
Current DrawdownCurrent decline from peak | -2.86% | -48.60% | +45.74% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -13.07% | +1.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 28.31% | -25.89% |
Volatility
H4Z7.DE vs. BITC.AS - Volatility Comparison
The current volatility for HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) (H4Z7.DE) is 2.87%, while CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) has a volatility of 9.70%. This indicates that H4Z7.DE experiences smaller price fluctuations and is considered to be less risky than BITC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| H4Z7.DE | BITC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 9.70% | -6.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 29.08% | -20.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 39.42% | -28.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 45.62% | -31.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.41% | 45.62% | -31.21% |
H4Z7.DE vs. BITC.AS - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is lower than BITC.AS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
H4Z7.DE vs. BITC.AS - Dividend Comparison
Neither H4Z7.DE nor BITC.AS has paid dividends to shareholders.
Frequently Asked Questions
H4Z7.DE and BITC.AS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4Z7.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4Z7.DE is cheaper with a 0.24% expense ratio, compared with 0.25% for BITC.AS.
H4Z7.DE is categorized as REIT, while BITC.AS is Cryptocurrency. They also come from different issuers: HSBC and CoinShares. Their fees differ too: 0.24% for H4Z7.DE and 0.25% for BITC.AS.
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