H4Z7.DE vs. BITC.DE
H4Z7.DE (HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc)) and BITC.DE (CoinShares Physical Bitcoin (BTC) EUR ETP) are both exchange-traded funds - H4Z7.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed, while BITC.DE is a Cryptocurrency fund actively managed by CoinShares. H4Z7.DE is passively managed, while BITC.DE is actively managed. Over the past 3 years, H4Z7.DE returned 6.21%/yr vs 30.09%/yr for BITC.DE. At a 0.24 correlation, their price movements are largely independent. H4Z7.DE charges 0.24%/yr vs 0.25%/yr for BITC.DE.
Performance
H4Z7.DE vs. BITC.DE - 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.DE's -26.37% return.
H4Z7.DE
- 1D
- -0.12%
- 1M
- -0.57%
- YTD
- 7.83%
- 6M
- 8.92%
- 1Y
- 10.28%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
BITC.DE
- 1D
- -3.77%
- 1M
- -19.18%
- YTD
- -26.37%
- 6M
- -28.36%
- 1Y
- -39.95%
- 3Y*
- 30.09%
- 5Y*
- —
- 10Y*
- —
H4Z7.DE vs. BITC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
H4Z7.DE HSBC FTSE EPRA NAREIT Developed UCITS ETF USD (Acc) | 7.83% | -1.78% | 5.80% | 7.39% | -12.91% |
BITC.DE CoinShares Physical Bitcoin (BTC) EUR ETP | -26.37% | -16.94% | 129.58% | 149.42% | -32.61% |
Correlation
The correlation between H4Z7.DE and BITC.DE 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 Jul 25, 2022 | 0.24 |
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Return for Risk
H4Z7.DE vs. BITC.DE — Risk / Return Rank
H4Z7.DE
BITC.DE
H4Z7.DE vs. BITC.DE - 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) EUR ETP (BITC.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.
| H4Z7.DE | BITC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.84 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.82 | +2.05 |
| Martin ratioReturn relative to average drawdown | 3.99 | -1.44 | +5.44 |
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Drawdowns
H4Z7.DE vs. BITC.DE - Drawdown Comparison
The maximum H4Z7.DE drawdown since its inception was -26.78%, smaller than the maximum BITC.DE drawdown of -74.39%. Use the drawdown chart below to compare losses from any high point for H4Z7.DE and BITC.DE.
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Drawdown Indicators
| H4Z7.DE | BITC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.78% | -74.39% | +47.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -49.43% | +41.57% |
Max Drawdown (3Y)Largest decline over 3 years | -20.13% | -49.43% | +29.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.39% | — |
Current DrawdownCurrent decline from peak | -2.86% | -48.65% | +45.79% |
Average DrawdownAverage peak-to-trough decline | -11.52% | -32.17% | +20.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.42% | 28.17% | -25.75% |
Volatility
H4Z7.DE vs. BITC.DE - 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) EUR ETP (BITC.DE) has a volatility of 9.92%. This indicates that H4Z7.DE experiences smaller price fluctuations and is considered to be less risky than BITC.DE 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.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 9.92% | -7.05% |
Volatility (6M)Calculated over the trailing 6-month period | 8.56% | 31.32% | -22.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.25% | 40.71% | -29.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.41% | 52.71% | -38.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.41% | 52.71% | -38.30% |
H4Z7.DE vs. BITC.DE - Expense Ratio Comparison
H4Z7.DE has a 0.24% expense ratio, which is lower than BITC.DE'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.DE - Dividend Comparison
Neither H4Z7.DE nor BITC.DE has paid dividends to shareholders.
Frequently Asked Questions
H4Z7.DE and BITC.DE 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.DE.
H4Z7.DE is categorized as REIT, while BITC.DE 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.DE.
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