VBTC.PA vs. FWIA.DE
VBTC.PA (VanEck Bitcoin ETN A) and FWIA.DE (Invesco FTSE All-World UCITS ETF Acc) are both exchange-traded funds - VBTC.PA is a Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index, while FWIA.DE is a Global Equities fund tracking the FTSE All-World. Both are passively managed. Over the past year, VBTC.PA returned -40.99% vs 26.57% for FWIA.DE. At a 0.37 correlation, their price movements are largely independent. VBTC.PA charges 1.00%/yr vs 0.15%/yr for FWIA.DE.
Performance
VBTC.PA vs. FWIA.DE - 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 lower than FWIA.DE's 12.60% 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*
- —
FWIA.DE
- 1D
- -0.22%
- 1M
- 4.98%
- YTD
- 12.60%
- 6M
- 13.33%
- 1Y
- 26.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VBTC.PA vs. FWIA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VBTC.PA VanEck Bitcoin ETN A | -27.36% | -17.91% | 135.65% | 35.62% |
FWIA.DE Invesco FTSE All-World UCITS ETF Acc | 12.60% | 9.02% | 24.70% | 7.73% |
Correlation
The correlation between VBTC.PA and FWIA.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023 | 0.37 |
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Return for Risk
VBTC.PA vs. FWIA.DE — Risk / Return Rank
VBTC.PA
FWIA.DE
VBTC.PA vs. FWIA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin ETN A (VBTC.PA) and Invesco FTSE All-World UCITS ETF Acc (FWIA.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.
| VBTC.PA | FWIA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.40 | ||
| Sortino ratioReturn per unit of downside risk | -4.87 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.44 | -0.61 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 4.08 | -4.90 |
| Martin ratioReturn relative to average drawdown | -1.44 | 16.52 | -17.96 |
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 | FWIA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.36 | -3.40 |
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 | 1.40 | -1.18 |
Drawdowns
VBTC.PA vs. FWIA.DE - Drawdown Comparison
The maximum VBTC.PA drawdown since its inception was -74.29%, which is greater than FWIA.DE's maximum drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for VBTC.PA and FWIA.DE.
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Drawdown Indicators
| VBTC.PA | FWIA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.29% | -20.96% | -53.33% |
Max Drawdown (1Y)Largest decline over 1 year | -49.44% | -6.49% | -42.95% |
Max Drawdown (3Y)Largest decline over 3 years | -49.44% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -74.29% | — | — |
Current DrawdownCurrent decline from peak | -48.88% | -0.62% | -48.26% |
Average DrawdownAverage peak-to-trough decline | -32.12% | -2.44% | -29.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.43% | 1.60% | +26.83% |
Volatility
VBTC.PA vs. FWIA.DE - Volatility Comparison
VanEck Bitcoin ETN A (VBTC.PA) has a higher volatility of 9.68% compared to Invesco FTSE All-World UCITS ETF Acc (FWIA.DE) at 2.96%. This indicates that VBTC.PA's price experiences larger fluctuations and is considered to be riskier than FWIA.DE 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 | FWIA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 2.96% | +6.72% |
Volatility (6M)Calculated over the trailing 6-month period | 28.59% | 8.09% | +20.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.90% | 11.22% | +27.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.76% | 13.18% | +39.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.80% | 13.18% | +39.62% |
VBTC.PA vs. FWIA.DE - Expense Ratio Comparison
VBTC.PA has a 1.00% expense ratio, which is higher than FWIA.DE's 0.15% expense ratio.
Dividends
VBTC.PA vs. FWIA.DE - Dividend Comparison
Neither VBTC.PA nor FWIA.DE has paid dividends to shareholders.
Frequently Asked Questions
VBTC.PA and FWIA.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FWIA.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWIA.DE is cheaper with a 0.15% expense ratio, compared with 1.00% for VBTC.PA.
VBTC.PA is categorized as Cryptocurrency, while FWIA.DE is Global Equities. VBTC.PA tracks MVIS Cryptocompare Bitcoin VWAP Close Index, while FWIA.DE tracks FTSE All-World. They also come from different issuers: VanEck and Invesco. Their fees differ too: 1.00% for VBTC.PA and 0.15% for FWIA.DE.
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