VBTC.PA vs. ALCBI.PA
VBTC.PA (VanEck Bitcoin ETN A) is Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index, while ALCBI.PA (Crypto Blockchain Industries) is a stock. Over the past 3 years, VBTC.PA returned 29.35%/yr vs -50.18%/yr for ALCBI.PA. At a 0.21 correlation, their price movements are largely independent.
Performance
VBTC.PA vs. ALCBI.PA - Performance Comparison
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Returns By Period
In the year-to-date period, VBTC.PA achieves a -27.36% return, which is significantly higher than ALCBI.PA's -56.51% return.
VBTC.PA
- 1D
- -3.96%
- 1M
- -21.14%
- YTD
- -27.36%
- 6M
- -31.38%
- 1Y
- -40.99%
- 3Y*
- 29.35%
- 5Y*
- 11.58%
- 10Y*
- —
ALCBI.PA
- 1D
- 0.81%
- 1M
- -30.42%
- YTD
- -56.51%
- 6M
- -61.64%
- 1Y
- -81.25%
- 3Y*
- -50.18%
- 5Y*
- —
- 10Y*
- —
VBTC.PA vs. ALCBI.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VBTC.PA VanEck Bitcoin ETN A | -27.36% | -17.91% | 135.65% | 144.60% | -63.85% | -19.68% |
ALCBI.PA Crypto Blockchain Industries | -56.51% | -21.10% | -51.56% | -34.78% | -68.16% | 578.95% |
Correlation
The correlation between VBTC.PA and ALCBI.PA is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 29, 2021 | 0.22 |
The correlation between VBTC.PA and ALCBI.PA shifts across timeframes, from 0.20 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBTC.PA vs. ALCBI.PA — Risk / Return Rank
VBTC.PA
ALCBI.PA
VBTC.PA vs. ALCBI.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin ETN A (VBTC.PA) and Crypto Blockchain Industries (ALCBI.PA). 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.
| VBTC.PA | ALCBI.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -1.20 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 0.96 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.84 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.44 | -0.95 | -0.49 |
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
| VBTC.PA | ALCBI.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | -0.46 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | -0.16 | +0.39 |
Drawdowns
VBTC.PA vs. ALCBI.PA - Drawdown Comparison
The maximum VBTC.PA drawdown since its inception was -74.29%, smaller than the maximum ALCBI.PA drawdown of -98.84%. Use the drawdown chart below to compare losses from any high point for VBTC.PA and ALCBI.PA.
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Drawdown Indicators
| VBTC.PA | ALCBI.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.29% | -98.84% | +24.55% |
Max Drawdown (1Y)Largest decline over 1 year | -49.44% | -96.52% | +47.08% |
Max Drawdown (3Y)Largest decline over 3 years | -49.44% | -96.52% | +47.08% |
Max Drawdown (5Y)Largest decline over 5 years | -74.29% | — | — |
Current DrawdownCurrent decline from peak | -48.88% | -98.83% | +49.95% |
Average DrawdownAverage peak-to-trough decline | -32.12% | -88.90% | +56.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.43% | 85.88% | -57.45% |
Volatility
VBTC.PA vs. ALCBI.PA - Volatility Comparison
The current volatility for VanEck Bitcoin ETN A (VBTC.PA) is 9.68%, while Crypto Blockchain Industries (ALCBI.PA) has a volatility of 19.57%. This indicates that VBTC.PA experiences smaller price fluctuations and is considered to be less risky than ALCBI.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VBTC.PA | ALCBI.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 19.57% | -9.89% |
Volatility (6M)Calculated over the trailing 6-month period | 28.59% | 55.07% | -26.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.90% | 174.03% | -135.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.76% | 162.47% | -109.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.80% | 162.47% | -109.67% |
Dividends
VBTC.PA vs. ALCBI.PA - Dividend Comparison
Neither VBTC.PA nor ALCBI.PA has paid dividends to shareholders.
Frequently Asked Questions
VBTC.PA and ALCBI.PA have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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