IB1T.DE vs. BITC.DE

Last updated Apr 3, 2026

Compare and contrast key facts about iShares Bitcoin ETP (IB1T.DE) and CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE).

IB1T.DE and BITC.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IB1T.DE is an actively managed fund by iShares. It was launched on Mar 18, 2025. BITC.DE is an actively managed fund by CoinShares. It was launched on Jan 19, 2021.

Performance

IB1T.DE vs. BITC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Bitcoin ETP (IB1T.DE) and CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE). The values are adjusted to include any dividend payments, if applicable.

IB1T.DE vs. BITC.DE - Yearly Performance Comparison

	2026 (YTD)	2025
IB1T.DE iShares Bitcoin ETP	-22.63%	-15.22%
BITC.DE CoinShares Physical Bitcoin (BTC) EUR ETP	-20.58%	-8.54%

Returns By Period

In the year-to-date period, IB1T.DE achieves a -22.63% return, which is significantly lower than BITC.DE's -20.58% return.

IB1T.DE

• 1D: -2.27%
• 1M: -1.97%
• YTD: -22.63%
• 6M: -43.44%
• 1Y: -28.01%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BITC.DE

• 1D: 1.99%
• 1M: -0.11%
• YTD: -20.58%
• 6M: -40.89%
• 1Y: -24.75%
• 3Y*: 30.68%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IB1T.DE vs. BITC.DE - Expense Ratio Comparison

Both IB1T.DE and BITC.DE have an expense ratio of 0.25%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

IB1T.DE

iShares Bitcoin ETP

BITC.DE

CoinShares Physical Bitcoin (BTC) EUR ETP

Return for Risk

IB1T.DE vs. BITC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IB1T.DE

IB1T.DE Risk / Return Rank: 3
IB1T.DE Sharpe Ratio Rank: 2
IB1T.DE Sortino Ratio Rank: 2
IB1T.DE Omega Ratio Rank: 3
IB1T.DE Calmar Ratio Rank: 5
IB1T.DE Martin Ratio Rank: 4

BITC.DE

BITC.DE Risk / Return Rank: 3
BITC.DE Sharpe Ratio Rank: 3
BITC.DE Sortino Ratio Rank: 3
BITC.DE Omega Ratio Rank: 4
BITC.DE Calmar Ratio Rank: 4
BITC.DE Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IB1T.DE vs. BITC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin ETP (IB1T.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.

	IB1T.DE	BITC.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.69	-0.60	-0.10
Sortino ratio Return per unit of downside risk	-0.84	-0.67	-0.17
Omega ratio Gain probability vs. loss probability	0.91	0.92	-0.02
Calmar ratio Return relative to maximum drawdown	-0.44	-0.53	+0.09
Martin ratio Return relative to average drawdown	-0.94	-1.14	+0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IB1T.DE vs. BITC.DE - Sharpe Ratio Comparison

The current IB1T.DE Sharpe Ratio is -0.69, which is comparable to the BITC.DE Sharpe Ratio of -0.60. The chart below compares the historical Sharpe Ratios of IB1T.DE and BITC.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IB1T.DE	BITC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.69	-0.60	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.83	0.27	-1.10

Correlation

The correlation between IB1T.DE and BITC.DE is 0.99, 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

IB1T.DE vs. BITC.DE - Dividend Comparison

Neither IB1T.DE nor BITC.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

IB1T.DE vs. BITC.DE - Drawdown Comparison

The maximum IB1T.DE drawdown since its inception was -49.39%, smaller than the maximum BITC.DE drawdown of -74.39%. Use the drawdown chart below to compare losses from any high point for IB1T.DE and BITC.DE.

Drawdown Indicators

	IB1T.DE	BITC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-49.39%	-74.39%	+25.00%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	-49.43%	+0.04%
Current Drawdown Current decline from peak	-45.95%	-44.61%	-1.34%
Average Drawdown Average peak-to-trough decline	-17.36%	-31.93%	+14.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.18%	22.98%	+0.20%

Volatility

IB1T.DE vs. BITC.DE - Volatility Comparison

The current volatility for iShares Bitcoin ETP (IB1T.DE) is 11.48%, while CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) has a volatility of 13.19%. This indicates that IB1T.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.

Volatility by Period

	IB1T.DE	BITC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.48%	13.19%	-1.71%
Volatility (6M) Calculated over the trailing 6-month period	32.35%	33.83%	-1.48%
Volatility (1Y) Calculated over the trailing 1-year period	40.28%	41.23%	-0.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.73%	53.18%	-12.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.73%	53.18%	-12.45%