VAGF.DE vs. BITP.L
VAGF.DE (Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc) and BITP.L (CoinShares Physical Bitcoin) are both exchange-traded funds - VAGF.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Float Adjusted and Scaled (EUR Hedged), while BITP.L is a Cryptocurrency fund actively managed by CoinShares. VAGF.DE is passively managed, while BITP.L is actively managed. Over the past year, VAGF.DE returned 1.28% vs -40.49% for BITP.L. At a 0.01 correlation, their price movements are largely independent. VAGF.DE charges 0.10%/yr vs 0.98%/yr for BITP.L.
Performance
VAGF.DE vs. BITP.L - Performance Comparison
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Different Trading Currencies
VAGF.DE is traded in EUR, while BITP.L is traded in GBP. To make them comparable, the BITP.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VAGF.DE achieves a -0.46% return, which is significantly higher than BITP.L's -28.06% return.
VAGF.DE
- 1D
- 0.47%
- 1M
- 0.21%
- YTD
- -0.46%
- 6M
- -0.42%
- 1Y
- 1.28%
- 3Y*
- 2.14%
- 5Y*
- -1.75%
- 10Y*
- —
BITP.L
- 1D
- 0.00%
- 1M
- -21.12%
- YTD
- -28.06%
- 6M
- -29.41%
- 1Y
- -40.49%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VAGF.DE vs. BITP.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VAGF.DE Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc | -0.46% | 2.63% |
BITP.L CoinShares Physical Bitcoin | -28.06% | -19.52% |
Correlation
The correlation between VAGF.DE and BITP.L is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025 | 0.02 |
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Return for Risk
VAGF.DE vs. BITP.L — Risk / Return Rank
VAGF.DE
BITP.L
VAGF.DE vs. BITP.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) and CoinShares Physical Bitcoin (BITP.L). 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.
| VAGF.DE | BITP.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.83 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | -0.81 | +1.16 |
| Martin ratioReturn relative to average drawdown | 0.86 | -1.42 | +2.28 |
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Drawdowns
VAGF.DE vs. BITP.L - Drawdown Comparison
The maximum VAGF.DE drawdown since its inception was -19.56%, smaller than the maximum BITP.L drawdown of -51.06%. Use the drawdown chart below to compare losses from any high point for VAGF.DE and BITP.L.
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Drawdown Indicators
| VAGF.DE | BITP.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -51.06% | +31.50% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -51.06% | +48.24% |
Max Drawdown (3Y)Largest decline over 3 years | -4.43% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.80% | — | — |
Current DrawdownCurrent decline from peak | -10.70% | -49.20% | +38.50% |
Average DrawdownAverage peak-to-trough decline | -8.98% | -20.81% | +11.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 29.11% | -27.97% |
Volatility
VAGF.DE vs. BITP.L - Volatility Comparison
The current volatility for Vanguard Global Aggregate Bond UCITS ETF (EUR Hedged) Acc (VAGF.DE) is 1.56%, while CoinShares Physical Bitcoin (BITP.L) has a volatility of 12.55%. This indicates that VAGF.DE experiences smaller price fluctuations and is considered to be less risky than BITP.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VAGF.DE | BITP.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.56% | 12.55% | -10.99% |
Volatility (6M)Calculated over the trailing 6-month period | 3.87% | 29.68% | -25.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.21% | 40.23% | -35.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 42.10% | -36.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.92% | 42.10% | -37.18% |
VAGF.DE vs. BITP.L - Expense Ratio Comparison
VAGF.DE has a 0.10% expense ratio, which is lower than BITP.L's 0.98% expense ratio.
Dividends
VAGF.DE vs. BITP.L - Dividend Comparison
Neither VAGF.DE nor BITP.L has paid dividends to shareholders.
Frequently Asked Questions
VAGF.DE and BITP.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VAGF.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VAGF.DE is cheaper with a 0.10% expense ratio, compared with 0.98% for BITP.L.
VAGF.DE is categorized as Global Bonds, while BITP.L is Cryptocurrency. They also come from different issuers: Vanguard and CoinShares. Their fees differ too: 0.10% for VAGF.DE and 0.98% for BITP.L.
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