IS3R.DE vs. BTCE.DE
IS3R.DE (iShares Edge MSCI World Momentum Factor UCITS ETF (Acc)) and BTCE.DE (ETC Group Physical Bitcoin) are both exchange-traded funds - IS3R.DE is a Momentum fund tracking the MSCI World Momentum Index, while BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance. IS3R.DE is passively managed, while BTCE.DE is actively managed. Over the past 5 years, IS3R.DE returned 14.78%/yr vs 10.38%/yr for BTCE.DE. At a 0.33 correlation, their price movements are largely independent. IS3R.DE charges 0.25%/yr vs 2.00%/yr for BTCE.DE.
Performance
IS3R.DE vs. BTCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3R.DE achieves a 23.73% return, which is significantly higher than BTCE.DE's -27.02% return.
IS3R.DE
- 1D
- 3.45%
- 1M
- 4.33%
- YTD
- 23.73%
- 6M
- 26.24%
- 1Y
- 35.47%
- 3Y*
- 25.94%
- 5Y*
- 14.78%
- 10Y*
- 15.43%
BTCE.DE
- 1D
- -3.79%
- 1M
- -18.81%
- YTD
- -27.02%
- 6M
- -28.97%
- 1Y
- -41.88%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
IS3R.DE vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IS3R.DE iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) | 23.73% | 8.37% | 37.95% | 8.09% | -13.60% | 24.52% | 13.98% |
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 162.37% |
Correlation
The correlation between IS3R.DE and BTCE.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.33 |
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Return for Risk
IS3R.DE vs. BTCE.DE — Risk / Return Rank
IS3R.DE
BTCE.DE
IS3R.DE vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) and ETC Group Physical Bitcoin (BTCE.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.
| IS3R.DE | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.02 | ||
| Sortino ratioReturn per unit of downside risk | +4.47 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 0.83 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | -0.83 | +4.73 |
| Martin ratioReturn relative to average drawdown | 14.75 | -1.46 | +16.21 |
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Drawdowns
IS3R.DE vs. BTCE.DE - Drawdown Comparison
The maximum IS3R.DE drawdown since its inception was -30.76%, smaller than the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for IS3R.DE and BTCE.DE.
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Drawdown Indicators
| IS3R.DE | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.76% | -74.62% | +43.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.01% | -49.76% | +40.75% |
Max Drawdown (3Y)Largest decline over 3 years | -23.57% | -49.76% | +26.19% |
Max Drawdown (5Y)Largest decline over 5 years | -23.57% | -74.62% | +51.05% |
Max Drawdown (10Y)Largest decline over 10 years | -30.76% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -49.27% | +49.25% |
Average DrawdownAverage peak-to-trough decline | -7.19% | -30.26% | +23.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 28.52% | -26.14% |
Volatility
IS3R.DE vs. BTCE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Momentum Factor UCITS ETF (Acc) (IS3R.DE) is 6.79%, while ETC Group Physical Bitcoin (BTCE.DE) has a volatility of 9.82%. This indicates that IS3R.DE experiences smaller price fluctuations and is considered to be less risky than BTCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3R.DE | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 9.82% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 15.14% | 31.25% | -16.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.72% | 39.81% | -22.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.47% | 52.58% | -35.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 57.83% | -39.74% |
IS3R.DE vs. BTCE.DE - Expense Ratio Comparison
IS3R.DE has a 0.25% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Dividends
IS3R.DE vs. BTCE.DE - Dividend Comparison
Neither IS3R.DE nor BTCE.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3R.DE and BTCE.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3R.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3R.DE is cheaper with a 0.25% expense ratio, compared with 2.00% for BTCE.DE.
IS3R.DE is categorized as Momentum, while BTCE.DE is Cryptocurrency. They also come from different issuers: iShares and ETC Issuance. Their fees differ too: 0.25% for IS3R.DE and 2.00% for BTCE.DE.
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