P500.DE vs. BTIC.DE
P500.DE (Invesco S&P 500 UCITS ETF) and BTIC.DE (Invesco Physical Bitcoin ETP) are both exchange-traded funds - P500.DE is a S&P 500 fund tracking the S&P 500 Index, while BTIC.DE is a Cryptocurrency fund managed by Invesco. Over the past 3 years, P500.DE returned 19.07%/yr vs 26.72%/yr for BTIC.DE. At a 0.40 correlation, their price movements are largely independent. P500.DE charges 0.05%/yr vs 0.10%/yr for BTIC.DE.
Performance
P500.DE vs. BTIC.DE - Performance Comparison
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Different Trading Currencies
P500.DE is traded in EUR, while BTIC.DE is traded in USD. To make them comparable, the BTIC.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, P500.DE achieves a 11.47% return, which is significantly higher than BTIC.DE's -25.63% return.
P500.DE
- 1D
- -0.10%
- 1M
- 4.39%
- YTD
- 11.47%
- 6M
- 10.93%
- 1Y
- 25.73%
- 3Y*
- 19.07%
- 5Y*
- 14.99%
- 10Y*
- 15.16%
BTIC.DE
- 1D
- -3.81%
- 1M
- -20.62%
- YTD
- -25.63%
- 6M
- -30.74%
- 1Y
- -41.55%
- 3Y*
- 26.72%
- 5Y*
- —
- 10Y*
- —
P500.DE vs. BTIC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
P500.DE Invesco S&P 500 UCITS ETF | 11.47% | 4.88% | 32.56% | 22.69% | -14.05% | 4.40% |
BTIC.DE Invesco Physical Bitcoin ETP | -25.62% | -26.09% | 143.52% | 141.40% | -61.47% | -13.29% |
Correlation
The correlation between P500.DE and BTIC.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2021 | 0.40 |
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Return for Risk
P500.DE vs. BTIC.DE — Risk / Return Rank
P500.DE
BTIC.DE
P500.DE vs. BTIC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 UCITS ETF (P500.DE) and Invesco Physical Bitcoin ETP (BTIC.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.
| P500.DE | BTIC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.25 | ||
| Sortino ratioReturn per unit of downside risk | +4.56 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.83 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.62 | -0.83 | +4.45 |
| Martin ratioReturn relative to average drawdown | 12.91 | -1.47 | +14.39 |
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
| P500.DE | BTIC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | -1.02 | +3.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.01 | 0.03 | +0.98 |
Drawdowns
P500.DE vs. BTIC.DE - Drawdown Comparison
The maximum P500.DE drawdown since its inception was -33.78%, smaller than the maximum BTIC.DE drawdown of -68.94%. Use the drawdown chart below to compare losses from any high point for P500.DE and BTIC.DE.
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Drawdown Indicators
| P500.DE | BTIC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.78% | -68.94% | +35.16% |
Max Drawdown (1Y)Largest decline over 1 year | -7.11% | -49.68% | +42.57% |
Max Drawdown (3Y)Largest decline over 3 years | -23.34% | -53.62% | +30.28% |
Max Drawdown (5Y)Largest decline over 5 years | -23.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | — | — |
Current DrawdownCurrent decline from peak | -0.40% | -52.21% | +51.81% |
Average DrawdownAverage peak-to-trough decline | -3.85% | -31.90% | +28.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 28.15% | -26.16% |
Volatility
P500.DE vs. BTIC.DE - Volatility Comparison
The current volatility for Invesco S&P 500 UCITS ETF (P500.DE) is 2.65%, while Invesco Physical Bitcoin ETP (BTIC.DE) has a volatility of 10.17%. This indicates that P500.DE experiences smaller price fluctuations and is considered to be less risky than BTIC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| P500.DE | BTIC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 10.17% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 7.59% | 31.94% | -24.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 40.61% | -29.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.17% | 50.56% | -35.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 50.56% | -34.49% |
P500.DE vs. BTIC.DE - Expense Ratio Comparison
P500.DE has a 0.05% expense ratio, which is lower than BTIC.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
P500.DE vs. BTIC.DE - Dividend Comparison
Neither P500.DE nor BTIC.DE has paid dividends to shareholders.
Frequently Asked Questions
P500.DE and BTIC.DE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, P500.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
P500.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for BTIC.DE.
P500.DE is categorized as S&P 500, while BTIC.DE is Cryptocurrency. Their fees differ too: 0.05% for P500.DE and 0.10% for BTIC.DE.
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