SXRS.DE vs. BITC.AS
SXRS.DE (iShares Diversified Commodity Swap UCITS ETF) and BITC.AS (CoinShares Physical Bitcoin (BTC) ETP) are both exchange-traded funds - SXRS.DE is a Commodities fund tracking the Bloomberg Commodity, while BITC.AS is a Cryptocurrency fund actively managed by CoinShares. SXRS.DE is passively managed, while BITC.AS is actively managed. Over the past 3 years, SXRS.DE returned 10.89%/yr vs 29.34%/yr for BITC.AS. At a 0.02 correlation, their price movements are largely independent. SXRS.DE charges 0.19%/yr vs 0.25%/yr for BITC.AS.
Performance
SXRS.DE vs. BITC.AS - Performance Comparison
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Returns By Period
In the year-to-date period, SXRS.DE achieves a 18.88% return, which is significantly higher than BITC.AS's -27.10% return.
SXRS.DE
- 1D
- -1.55%
- 1M
- -7.20%
- YTD
- 18.88%
- 6M
- 22.40%
- 1Y
- 27.91%
- 3Y*
- 10.89%
- 5Y*
- 10.89%
- 10Y*
- —
BITC.AS
- 1D
- -3.60%
- 1M
- -19.17%
- YTD
- -27.10%
- 6M
- -28.56%
- 1Y
- -39.92%
- 3Y*
- 29.34%
- 5Y*
- —
- 10Y*
- —
SXRS.DE vs. BITC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SXRS.DE iShares Diversified Commodity Swap UCITS ETF | 18.88% | 4.68% | 11.06% | -9.27% |
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | -27.10% | -17.17% | 136.40% | 82.20% |
Correlation
The correlation between SXRS.DE and BITC.AS is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023 | 0.02 |
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Return for Risk
SXRS.DE vs. BITC.AS — Risk / Return Rank
SXRS.DE
BITC.AS
SXRS.DE vs. BITC.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) and CoinShares Physical Bitcoin (BTC) ETP (BITC.AS). 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.
| SXRS.DE | BITC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.58 | ||
| Sortino ratioReturn per unit of downside risk | +3.54 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 0.84 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | -0.81 | +4.22 |
| Martin ratioReturn relative to average drawdown | 7.38 | -1.43 | +8.81 |
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Drawdowns
SXRS.DE vs. BITC.AS - Drawdown Comparison
The maximum SXRS.DE drawdown since its inception was -37.23%, smaller than the maximum BITC.AS drawdown of -49.38%. Use the drawdown chart below to compare losses from any high point for SXRS.DE and BITC.AS.
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Drawdown Indicators
| SXRS.DE | BITC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.23% | -49.38% | +12.15% |
Max Drawdown (1Y)Largest decline over 1 year | -8.74% | -49.38% | +40.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.96% | -49.38% | +33.42% |
Max Drawdown (5Y)Largest decline over 5 years | -27.58% | — | — |
Current DrawdownCurrent decline from peak | -8.74% | -48.60% | +39.86% |
Average DrawdownAverage peak-to-trough decline | -16.43% | -13.07% | -3.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.04% | 28.31% | -24.27% |
Volatility
SXRS.DE vs. BITC.AS - Volatility Comparison
The current volatility for iShares Diversified Commodity Swap UCITS ETF (SXRS.DE) is 5.00%, while CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) has a volatility of 9.70%. This indicates that SXRS.DE experiences smaller price fluctuations and is considered to be less risky than BITC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SXRS.DE | BITC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.00% | 9.70% | -4.70% |
Volatility (6M)Calculated over the trailing 6-month period | 16.89% | 29.08% | -12.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.09% | 39.42% | -20.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.19% | 45.62% | -28.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.60% | 45.62% | -29.02% |
SXRS.DE vs. BITC.AS - Expense Ratio Comparison
SXRS.DE has a 0.19% expense ratio, which is lower than BITC.AS's 0.25% 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
SXRS.DE vs. BITC.AS - Dividend Comparison
Neither SXRS.DE nor BITC.AS has paid dividends to shareholders.
Frequently Asked Questions
SXRS.DE and BITC.AS have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRS.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRS.DE is cheaper with a 0.19% expense ratio, compared with 0.25% for BITC.AS.
SXRS.DE is categorized as Commodities, while BITC.AS is Cryptocurrency. They also come from different issuers: iShares and CoinShares. Their fees differ too: 0.19% for SXRS.DE and 0.25% for BITC.AS.
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