VBTC.PA vs. SXR8.DE
VBTC.PA (VanEck Bitcoin ETN A) and SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) are both exchange-traded funds - VBTC.PA is a Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index, while SXR8.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 5 years, VBTC.PA returned 11.58%/yr vs 14.77%/yr for SXR8.DE. At a 0.37 correlation, their price movements are largely independent. VBTC.PA charges 1.00%/yr vs 0.07%/yr for SXR8.DE.
Performance
VBTC.PA vs. SXR8.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 SXR8.DE's 11.37% 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*
- —
SXR8.DE
- 1D
- -0.15%
- 1M
- 5.22%
- YTD
- 11.37%
- 6M
- 11.42%
- 1Y
- 25.63%
- 3Y*
- 18.87%
- 5Y*
- 14.77%
- 10Y*
- 14.95%
VBTC.PA vs. SXR8.DE - 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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 11.37% | 4.73% | 32.32% | 22.47% | -14.31% | 23.94% |
Correlation
The correlation between VBTC.PA and SXR8.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 2, 2021 | 0.37 |
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Return for Risk
VBTC.PA vs. SXR8.DE — Risk / Return Rank
VBTC.PA
SXR8.DE
VBTC.PA vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin ETN A (VBTC.PA) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -4.56 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.41 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.58 | -4.40 |
| Martin ratioReturn relative to average drawdown | -1.44 | 12.71 | -14.15 |
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 | SXR8.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.05 | 2.21 | -3.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.96 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.79 | -0.57 |
Drawdowns
VBTC.PA vs. SXR8.DE - Drawdown Comparison
The maximum VBTC.PA drawdown since its inception was -74.29%, which is greater than SXR8.DE's maximum drawdown of -33.78%. Use the drawdown chart below to compare losses from any high point for VBTC.PA and SXR8.DE.
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Drawdown Indicators
| VBTC.PA | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.29% | -33.78% | -40.51% |
Max Drawdown (1Y)Largest decline over 1 year | -49.44% | -7.13% | -42.31% |
Max Drawdown (3Y)Largest decline over 3 years | -49.44% | -23.32% | -26.12% |
Max Drawdown (5Y)Largest decline over 5 years | -74.29% | -23.32% | -50.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.78% | — |
Current DrawdownCurrent decline from peak | -48.88% | -0.45% | -48.43% |
Average DrawdownAverage peak-to-trough decline | -32.12% | -5.17% | -26.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.43% | 2.01% | +26.42% |
Volatility
VBTC.PA vs. SXR8.DE - Volatility Comparison
VanEck Bitcoin ETN A (VBTC.PA) has a higher volatility of 9.68% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 2.65%. This indicates that VBTC.PA's price experiences larger fluctuations and is considered to be riskier than SXR8.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 | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 2.65% | +7.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.59% | 7.57% | +21.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.90% | 11.56% | +27.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.76% | 15.16% | +37.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.80% | 16.09% | +36.71% |
VBTC.PA vs. SXR8.DE - Expense Ratio Comparison
VBTC.PA has a 1.00% expense ratio, which is higher than SXR8.DE's 0.07% expense ratio.
Dividends
VBTC.PA vs. SXR8.DE - Dividend Comparison
Neither VBTC.PA nor SXR8.DE has paid dividends to shareholders.
Frequently Asked Questions
VBTC.PA and SXR8.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXR8.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXR8.DE is cheaper with a 0.07% expense ratio, compared with 1.00% for VBTC.PA.
VBTC.PA is categorized as Cryptocurrency, while SXR8.DE is S&P 500. VBTC.PA tracks MVIS Cryptocompare Bitcoin VWAP Close Index, while SXR8.DE tracks S&P 500 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 1.00% for VBTC.PA and 0.07% for SXR8.DE.
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