IWDA.AS vs. BTCE.DE
IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) and BTCE.DE (ETC Group Physical Bitcoin) are both exchange-traded funds - IWDA.AS is a Global Equities fund tracking the MSCI World Index, while BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance. IWDA.AS is passively managed, while BTCE.DE is actively managed. Over the past 5 years, IWDA.AS returned 12.28%/yr vs 11.91%/yr for BTCE.DE. At a 0.36 correlation, their price movements are largely independent. IWDA.AS charges 0.20%/yr vs 2.00%/yr for BTCE.DE.
Performance
IWDA.AS vs. BTCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IWDA.AS achieves a 11.26% return, which is significantly higher than BTCE.DE's -29.15% return.
IWDA.AS
- 1D
- -0.52%
- 1M
- 0.80%
- YTD
- 11.26%
- 6M
- 11.29%
- 1Y
- 24.76%
- 3Y*
- 17.96%
- 5Y*
- 12.28%
- 10Y*
- 13.26%
BTCE.DE
- 1D
- 0.00%
- 1M
- -18.80%
- YTD
- -29.15%
- 6M
- -28.92%
- 1Y
- -43.04%
- 3Y*
- 21.68%
- 5Y*
- 11.91%
- 10Y*
- —
IWDA.AS vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.26% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 9.39% |
BTCE.DE ETC Group Physical Bitcoin | -29.15% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 130.73% |
Correlation
The correlation between IWDA.AS and BTCE.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2020 | 0.36 |
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Return for Risk
IWDA.AS vs. BTCE.DE — Risk / Return Rank
IWDA.AS
BTCE.DE
IWDA.AS vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) 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.
| IWDA.AS | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.69 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.83 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | -0.84 | +4.62 |
| Martin ratioReturn relative to average drawdown | 15.03 | -1.40 | +16.43 |
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Drawdowns
IWDA.AS vs. BTCE.DE - Drawdown Comparison
The maximum IWDA.AS drawdown since its inception was -33.63%, smaller than the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for IWDA.AS and BTCE.DE.
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Drawdown Indicators
| IWDA.AS | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.63% | -74.62% | +40.99% |
Max Drawdown (1Y)Largest decline over 1 year | -6.45% | -51.59% | +45.14% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -51.59% | +30.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.59% | -74.62% | +53.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.63% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | -50.75% | +50.00% |
Average DrawdownAverage peak-to-trough decline | -4.23% | -30.54% | +26.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 30.80% | -29.16% |
Volatility
IWDA.AS vs. BTCE.DE - Volatility Comparison
The current volatility for iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) is 2.98%, while ETC Group Physical Bitcoin (BTCE.DE) has a volatility of 13.83%. This indicates that IWDA.AS 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
| IWDA.AS | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.98% | 13.83% | -10.85% |
Volatility (6M)Calculated over the trailing 6-month period | 7.95% | 29.99% | -22.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.13% | 40.86% | -29.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.12% | 51.62% | -37.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.98% | 57.92% | -42.94% |
IWDA.AS vs. BTCE.DE - Expense Ratio Comparison
IWDA.AS has a 0.20% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Dividends
IWDA.AS vs. BTCE.DE - Dividend Comparison
Neither IWDA.AS nor BTCE.DE has paid dividends to shareholders.
Frequently Asked Questions
IWDA.AS and BTCE.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 2.00% for BTCE.DE.
IWDA.AS is categorized as Global Equities, while BTCE.DE is Cryptocurrency. They also come from different issuers: iShares and ETC Issuance. Their fees differ too: 0.20% for IWDA.AS and 2.00% for BTCE.DE.
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