HDX1.DE vs. BTIC.DE
Compare and contrast key facts about Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) and Invesco Physical Bitcoin ETP (BTIC.DE).
HDX1.DE and BTIC.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDX1.DE is a passively managed fund by Hashdex that tracks the performance of the Nasdaq Crypto Index. It was launched on Apr 28, 2022. BTIC.DE is managed by Invesco. It was launched on Nov 23, 2021.
Performance
HDX1.DE vs. BTIC.DE - Performance Comparison
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HDX1.DE vs. BTIC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -24.72% | -21.32% | 108.60% | 133.00% | -27.55% |
BTIC.DE Invesco Physical Bitcoin ETP | -19.68% | -26.09% | 143.52% | 141.40% | -25.94% |
Different Trading Currencies
HDX1.DE is traded in EUR, while BTIC.DE is traded in USD. To make them comparable, the BTIC.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, HDX1.DE achieves a -24.72% return, which is significantly lower than BTIC.DE's -19.53% return.
HDX1.DE
- 1D
- -2.77%
- 1M
- -1.96%
- YTD
- -24.72%
- 6M
- -47.19%
- 1Y
- -28.31%
- 3Y*
- 21.63%
- 5Y*
- —
- 10Y*
- —
BTIC.DE
- 1D
- 1.89%
- 1M
- 0.92%
- YTD
- -19.53%
- 6M
- -40.04%
- 1Y
- -29.84%
- 3Y*
- 27.93%
- 5Y*
- —
- 10Y*
- —
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HDX1.DE vs. BTIC.DE - Expense Ratio Comparison
HDX1.DE has a 1.00% expense ratio, which is higher than BTIC.DE's 0.10% expense ratio.
Return for Risk
HDX1.DE vs. BTIC.DE — Risk / Return Rank
HDX1.DE
BTIC.DE
HDX1.DE vs. BTIC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) and Invesco Physical Bitcoin ETP (BTIC.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.
| HDX1.DE | BTIC.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | -0.71 | +0.08 |
Sortino ratioReturn per unit of downside risk | -0.72 | -0.88 | +0.16 |
Omega ratioGain probability vs. loss probability | 0.92 | 0.90 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | -0.41 | -0.62 | +0.21 |
Martin ratioReturn relative to average drawdown | -0.87 | -1.34 | +0.47 |
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
| HDX1.DE | BTIC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | -0.71 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.07 | +0.38 |
Correlation
The correlation between HDX1.DE and BTIC.DE is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HDX1.DE vs. BTIC.DE - Dividend Comparison
Neither HDX1.DE nor BTIC.DE has paid dividends to shareholders.
Drawdowns
HDX1.DE vs. BTIC.DE - Drawdown Comparison
The maximum HDX1.DE drawdown since its inception was -52.67%, smaller than the maximum BTIC.DE drawdown of -68.94%. Use the drawdown chart below to compare losses from any high point for HDX1.DE and BTIC.DE.
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Drawdown Indicators
| HDX1.DE | BTIC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.67% | -70.64% | +17.97% |
Max Drawdown (1Y)Largest decline over 1 year | -52.67% | -49.42% | -3.25% |
Current DrawdownCurrent decline from peak | -49.52% | -44.59% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -14.68% | -31.05% | +16.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.12% | 23.00% | +2.12% |
Volatility
HDX1.DE vs. BTIC.DE - Volatility Comparison
The current volatility for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) is 12.28%, while Invesco Physical Bitcoin ETP (BTIC.DE) has a volatility of 13.50%. This indicates that HDX1.DE experiences smaller price fluctuations and is considered to be less risky than BTIC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDX1.DE | BTIC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.28% | 13.50% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 35.33% | 33.08% | +2.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.80% | 41.78% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.56% | 50.98% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.56% | 50.98% | +0.58% |