QDVA.DE vs. BTCE.DE
QDVA.DE (iShares Edge MSCI USA Momentum Factor UCITS ETF) and BTCE.DE (ETC Group Physical Bitcoin) are both exchange-traded funds - QDVA.DE is a Momentum fund tracking the MSCI USA Momentum Index, while BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance. QDVA.DE is passively managed, while BTCE.DE is actively managed. Over the past 5 years, QDVA.DE returned 15.30%/yr vs 10.38%/yr for BTCE.DE. At a 0.32 correlation, their price movements are largely independent. QDVA.DE charges 0.20%/yr vs 2.00%/yr for BTCE.DE.
Performance
QDVA.DE vs. BTCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVA.DE achieves a 31.46% return, which is significantly higher than BTCE.DE's -27.02% return.
QDVA.DE
- 1D
- 3.87%
- 1M
- 8.65%
- YTD
- 31.46%
- 6M
- 34.06%
- 1Y
- 41.72%
- 3Y*
- 28.53%
- 5Y*
- 15.30%
- 10Y*
- —
BTCE.DE
- 1D
- -3.79%
- 1M
- -20.74%
- YTD
- -27.02%
- 6M
- -28.97%
- 1Y
- -41.00%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
QDVA.DE vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
QDVA.DE iShares Edge MSCI USA Momentum Factor UCITS ETF | 31.46% | 5.15% | 39.98% | 5.96% | -13.64% | 22.86% | 14.20% |
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 162.37% |
Correlation
The correlation between QDVA.DE and BTCE.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.32 |
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Return for Risk
QDVA.DE vs. BTCE.DE — Risk / Return Rank
QDVA.DE
BTCE.DE
QDVA.DE vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.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.
| QDVA.DE | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.15 | ||
| Sortino ratioReturn per unit of downside risk | +4.53 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.83 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | -0.83 | +5.16 |
| Martin ratioReturn relative to average drawdown | 13.88 | -1.46 | +15.33 |
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Drawdowns
QDVA.DE vs. BTCE.DE - Drawdown Comparison
The maximum QDVA.DE drawdown since its inception was -33.33%, smaller than the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for QDVA.DE and BTCE.DE.
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Drawdown Indicators
| QDVA.DE | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -74.62% | +41.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.50% | -49.76% | +40.26% |
Max Drawdown (3Y)Largest decline over 3 years | -25.56% | -49.76% | +24.20% |
Max Drawdown (5Y)Largest decline over 5 years | -25.56% | -74.62% | +49.06% |
Current DrawdownCurrent decline from peak | -1.01% | -49.27% | +48.26% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -30.26% | +23.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.97% | 28.52% | -25.55% |
Volatility
QDVA.DE vs. BTCE.DE - Volatility Comparison
The current volatility for iShares Edge MSCI USA Momentum Factor UCITS ETF (QDVA.DE) is 8.61%, while ETC Group Physical Bitcoin (BTCE.DE) has a volatility of 9.82%. This indicates that QDVA.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
| QDVA.DE | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.61% | 9.82% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 31.25% | -14.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.56% | 39.81% | -20.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 52.58% | -33.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 57.83% | -38.49% |
QDVA.DE vs. BTCE.DE - Expense Ratio Comparison
QDVA.DE has a 0.20% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Dividends
QDVA.DE vs. BTCE.DE - Dividend Comparison
Neither QDVA.DE nor BTCE.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVA.DE and BTCE.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVA.DE is cheaper with a 0.20% expense ratio, compared with 2.00% for BTCE.DE.
QDVA.DE is categorized as Momentum, while BTCE.DE is Cryptocurrency. They also come from different issuers: iShares and ETC Issuance. Their fees differ too: 0.20% for QDVA.DE and 2.00% for BTCE.DE.
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