IS3M.DE vs. BTC-USD
IS3M.DE (iShares € Ultrashort Bond UCITS ETF) is Ultrashort Bond fund tracking the Markit iBoxx EUR Liquid Investment Grade Ultrashort Index (EUR), while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, IS3M.DE returned 1.01%/yr vs 59.66%/yr for BTC-USD. At a 0.01 correlation, their price movements are largely independent.
Performance
IS3M.DE vs. BTC-USD - Performance Comparison
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Different Trading Currencies
IS3M.DE is traded in EUR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IS3M.DE achieves a 0.92% return, which is significantly higher than BTC-USD's -26.25% return. Over the past 10 years, IS3M.DE has underperformed BTC-USD with an annualized return of 1.01%, while BTC-USD has yielded a comparatively higher 59.66% annualized return.
IS3M.DE
- 1D
- 0.04%
- 1M
- 0.34%
- YTD
- 0.92%
- 6M
- 1.01%
- 1Y
- 2.26%
- 3Y*
- 3.34%
- 5Y*
- 2.10%
- 10Y*
- 1.01%
BTC-USD
- 1D
- 0.00%
- 1M
- -20.75%
- YTD
- -26.25%
- 6M
- -28.42%
- 1Y
- -38.10%
- 3Y*
- 29.19%
- 5Y*
- 12.64%
- 10Y*
- 59.66%
IS3M.DE vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3M.DE iShares € Ultrashort Bond UCITS ETF | 0.92% | 2.61% | 4.12% | 3.42% | -0.29% | -0.36% | 0.09% | 0.34% | -0.62% | -0.09% |
BTC-USD Bitcoin | -26.25% | -17.40% | 136.59% | 145.80% | -61.85% | 71.33% | 271.22% | 98.48% | -73.46% | 1,229.62% |
Correlation
The correlation between IS3M.DE and BTC-USD is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2013 | 0.01 |
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Return for Risk
IS3M.DE vs. BTC-USD — Risk / Return Rank
IS3M.DE
BTC-USD
IS3M.DE vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) and Bitcoin (BTC-USD). 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.
| IS3M.DE | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.85 | ||
| Sortino ratioReturn per unit of downside risk | +5.88 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 0.87 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 7.59 | -0.76 | +8.35 |
| Martin ratioReturn relative to average drawdown | 49.96 | -1.35 | +51.31 |
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
| IS3M.DE | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.95 | -0.90 | +3.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.74 | 0.23 | +2.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.91 | 0.89 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 1.14 | -0.28 |
Drawdowns
IS3M.DE vs. BTC-USD - Drawdown Comparison
The maximum IS3M.DE drawdown since its inception was -3.80%, smaller than the maximum BTC-USD drawdown of -83.05%. Use the drawdown chart below to compare losses from any high point for IS3M.DE and BTC-USD.
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Drawdown Indicators
| IS3M.DE | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.80% | -83.05% | +79.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -49.93% | +49.63% |
Max Drawdown (3Y)Largest decline over 3 years | -0.47% | -49.93% | +49.46% |
Max Drawdown (5Y)Largest decline over 5 years | -1.21% | -73.60% | +72.39% |
Max Drawdown (10Y)Largest decline over 10 years | -3.80% | -82.51% | +78.71% |
Current DrawdownCurrent decline from peak | -0.01% | -48.40% | +48.39% |
Average DrawdownAverage peak-to-trough decline | -0.29% | -39.96% | +39.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 33.81% | -33.76% |
Volatility
IS3M.DE vs. BTC-USD - Volatility Comparison
The current volatility for iShares € Ultrashort Bond UCITS ETF (IS3M.DE) is 0.29%, while Bitcoin (BTC-USD) has a volatility of 10.12%. This indicates that IS3M.DE experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3M.DE | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.29% | 10.12% | -9.83% |
Volatility (6M)Calculated over the trailing 6-month period | 0.59% | 34.33% | -33.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.76% | 35.37% | -34.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.76% | 45.05% | -44.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.11% | 55.99% | -54.88% |
Frequently Asked Questions
IS3M.DE and BTC-USD have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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