IB1T.DE vs. BTCW

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Bitcoin ETP (IB1T.DE) and Wisdom Tree Bitcoin Fund (BTCW).

IB1T.DE and BTCW 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. BTCW is managed by WisdomTree. It was launched on Jan 11, 2024.

Performance

IB1T.DE vs. BTCW - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares Bitcoin ETP (IB1T.DE) and Wisdom Tree Bitcoin Fund (BTCW). The values are adjusted to include any dividend payments, if applicable.

IB1T.DE vs. BTCW - Yearly Performance Comparison

	2026 (YTD)	2025
IB1T.DE iShares Bitcoin ETP	-20.83%	-15.22%
BTCW Wisdom Tree Bitcoin Fund	-21.04%	-8.92%

Different Trading Currencies

IB1T.DE is traded in EUR, while BTCW is traded in USD. To make them comparable, the BTCW values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with IB1T.DE having a -20.83% return and BTCW slightly lower at -21.04%.

IB1T.DE

• 1D: 1.76%
• 1M: -0.24%
• YTD: -20.83%
• 6M: -40.99%
• 1Y: -24.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BTCW

• 1D: 0.00%
• 1M: 0.10%
• YTD: -21.04%
• 6M: -43.06%
• 1Y: -26.78%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IB1T.DE vs. BTCW - Expense Ratio Comparison

IB1T.DE has a 0.25% expense ratio, which is lower than BTCW's 0.30% expense ratio.

BTCW

Wisdom Tree Bitcoin Fund

IB1T.DE

iShares Bitcoin ETP

Return for Risk

IB1T.DE vs. BTCW — 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: 3
IB1T.DE Sortino Ratio Rank: 3
IB1T.DE Omega Ratio Rank: 3
IB1T.DE Calmar Ratio Rank: 4
IB1T.DE Martin Ratio Rank: 3

BTCW

BTCW Risk / Return Rank: 5
BTCW Sharpe Ratio Rank: 4
BTCW Sortino Ratio Rank: 5
BTCW Omega Ratio Rank: 5
BTCW Calmar Ratio Rank: 5
BTCW Martin Ratio Rank: 5

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. BTCW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Bitcoin ETP (IB1T.DE) and Wisdom Tree Bitcoin Fund (BTCW). 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	BTCW	Difference
Sharpe ratio Return per unit of total volatility	-0.62	-0.59	-0.03
Sortino ratio Return per unit of downside risk	-0.70	-0.63	-0.07
Omega ratio Gain probability vs. loss probability	0.92	0.93	-0.01
Calmar ratio Return relative to maximum drawdown	-0.53	-0.51	-0.02
Martin ratio Return relative to average drawdown	-1.14	-1.08	-0.06
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. BTCW - Sharpe Ratio Comparison

The current IB1T.DE Sharpe Ratio is -0.62, which is comparable to the BTCW Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of IB1T.DE and BTCW, 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	BTCW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.62	-0.59	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	0.31	-1.10

Correlation

The correlation between IB1T.DE and BTCW is 0.81, 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. BTCW - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

IB1T.DE vs. BTCW - Drawdown Comparison

The maximum IB1T.DE drawdown since its inception was -49.39%, roughly equal to the maximum BTCW drawdown of -49.57%. Use the drawdown chart below to compare losses from any high point for IB1T.DE and BTCW.

Drawdown Indicators

	IB1T.DE	BTCW	Difference
Max Drawdown Largest peak-to-trough decline	-49.39%	-49.29%	-0.10%
Max Drawdown (1Y) Largest decline over 1 year	-49.39%	-49.29%	-0.10%
Current Drawdown Current decline from peak	-44.69%	-46.66%	+1.97%
Average Drawdown Average peak-to-trough decline	-17.25%	-14.22%	-3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.00%	23.41%	-0.41%

Volatility

IB1T.DE vs. BTCW - Volatility Comparison

iShares Bitcoin ETP (IB1T.DE) has a higher volatility of 13.11% compared to Wisdom Tree Bitcoin Fund (BTCW) at 10.39%. This indicates that IB1T.DE's price experiences larger fluctuations and is considered to be riskier than BTCW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IB1T.DE	BTCW	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.11%	10.39%	+2.72%
Volatility (6M) Calculated over the trailing 6-month period	32.55%	36.32%	-3.77%
Volatility (1Y) Calculated over the trailing 1-year period	40.25%	45.50%	-5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.76%	51.10%	-10.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.76%	51.10%	-10.34%