VBTC.PA vs. MS
VBTC.PA (VanEck Bitcoin ETN A) is Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index, while MS (Morgan Stanley) is a stock. Over the past 5 years, VBTC.PA returned 11.58%/yr vs 23.37%/yr for MS. At a 0.23 correlation, their price movements are largely independent.
Performance
VBTC.PA vs. MS - Performance Comparison
Loading charts...
Different Trading Currencies
VBTC.PA is traded in EUR, while MS is traded in USD. To make them comparable, the MS values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, VBTC.PA achieves a -27.36% return, which is significantly lower than MS's 25.71% 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*
- —
MS
- 1D
- 3.72%
- 1M
- 16.10%
- YTD
- 25.71%
- 6M
- 26.50%
- 1Y
- 71.49%
- 3Y*
- 38.30%
- 5Y*
- 23.37%
- 10Y*
- 26.57%
VBTC.PA vs. MS - 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% | 42.43% |
MS Morgan Stanley | 25.71% | 27.94% | 48.96% | 10.51% | -4.78% | 16.14% |
Correlation
The correlation between VBTC.PA and MS is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2021 | 0.23 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VBTC.PA vs. MS — Risk / Return Rank
VBTC.PA
MS
VBTC.PA vs. MS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin ETN A (VBTC.PA) and Morgan Stanley (MS). 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 | MS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.85 | ||
| Sortino ratioReturn per unit of downside risk | -4.90 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.46 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.96 | -4.78 |
| Martin ratioReturn relative to average drawdown | -1.44 | 12.23 | -13.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| VBTC.PA | MS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.80 | -3.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.82 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.84 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.21 | +0.01 |
Drawdowns
VBTC.PA vs. MS - Drawdown Comparison
The maximum VBTC.PA drawdown since its inception was -74.29%, smaller than the maximum MS drawdown of -84.83%. Use the drawdown chart below to compare losses from any high point for VBTC.PA and MS.
Loading charts...
Drawdown Indicators
| VBTC.PA | MS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.29% | -84.83% | +10.54% |
Max Drawdown (1Y)Largest decline over 1 year | -49.44% | -18.15% | -31.29% |
Max Drawdown (3Y)Largest decline over 3 years | -49.44% | -32.98% | -16.46% |
Max Drawdown (5Y)Largest decline over 5 years | -74.29% | -32.98% | -41.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.24% | — |
Current DrawdownCurrent decline from peak | -48.88% | 0.00% | -48.88% |
Average DrawdownAverage peak-to-trough decline | -32.12% | -30.30% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.43% | 5.87% | +22.56% |
Volatility
VBTC.PA vs. MS - Volatility Comparison
VanEck Bitcoin ETN A (VBTC.PA) has a higher volatility of 9.68% compared to Morgan Stanley (MS) at 7.11%. This indicates that VBTC.PA's price experiences larger fluctuations and is considered to be riskier than MS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VBTC.PA | MS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 7.11% | +2.57% |
Volatility (6M)Calculated over the trailing 6-month period | 28.59% | 20.91% | +7.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.90% | 25.65% | +13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.76% | 28.53% | +24.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.80% | 31.74% | +21.06% |
Dividends
VBTC.PA vs. MS - Dividend Comparison
VBTC.PA has not paid dividends to shareholders, while MS's dividend yield for the trailing twelve months is around 1.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MS Morgan Stanley | 1.83% | 2.17% | 2.82% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% |
VBTC.PA VanEck Bitcoin ETN A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
VBTC.PA and MS have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for VBTC.PA and MS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer