VBTC.PA vs. SXRV.DE
VBTC.PA (VanEck Bitcoin ETN A) and SXRV.DE (iShares NASDAQ 100 UCITS ETF USD (Acc)) are both exchange-traded funds - VBTC.PA is a Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index, while SXRV.DE is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, VBTC.PA returned 11.58%/yr vs 17.72%/yr for SXRV.DE. At a 0.37 correlation, their price movements are largely independent. VBTC.PA charges 1.00%/yr vs 0.36%/yr for SXRV.DE.
Performance
VBTC.PA vs. SXRV.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 SXRV.DE's 18.32% return.
VBTC.PA
- 1D
- -3.96%
- 1M
- -18.74%
- YTD
- -27.36%
- 6M
- -29.16%
- 1Y
- -41.20%
- 3Y*
- 29.35%
- 5Y*
- 11.58%
- 10Y*
- —
SXRV.DE
- 1D
- 2.58%
- 1M
- 1.10%
- YTD
- 18.32%
- 6M
- 19.47%
- 1Y
- 36.52%
- 3Y*
- 23.37%
- 5Y*
- 17.72%
- 10Y*
- 21.19%
VBTC.PA vs. SXRV.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% | 38.30% |
SXRV.DE iShares NASDAQ 100 UCITS ETF USD (Acc) | 18.32% | 6.98% | 33.55% | 51.19% | -30.05% | 30.59% |
Correlation
The correlation between VBTC.PA and SXRV.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
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 1, 2021 | 0.37 |
The correlation between VBTC.PA and SXRV.DE shifts across timeframes, from 0.34 (3 years) to 0.45 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VBTC.PA vs. SXRV.DE — Risk / Return Rank
VBTC.PA
SXRV.DE
VBTC.PA vs. SXRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin ETN A (VBTC.PA) and iShares NASDAQ 100 UCITS ETF USD (Acc) (SXRV.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.
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.
| VBTC.PA | SXRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.27 | ||
| Sortino ratioReturn per unit of downside risk | -4.52 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.39 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.56 | -4.38 |
| Martin ratioReturn relative to average drawdown | -1.44 | 10.45 | -11.88 |
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Drawdowns
VBTC.PA vs. SXRV.DE - Drawdown Comparison
The maximum VBTC.PA drawdown since its inception was -74.29%, which is greater than SXRV.DE's maximum drawdown of -32.80%. Use the drawdown chart below to compare losses from any high point for VBTC.PA and SXRV.DE.
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Drawdown Indicators
| VBTC.PA | SXRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.29% | -32.80% | -41.49% |
Max Drawdown (1Y)Largest decline over 1 year | -49.44% | -10.03% | -39.41% |
Max Drawdown (3Y)Largest decline over 3 years | -49.44% | -26.69% | -22.75% |
Max Drawdown (5Y)Largest decline over 5 years | -74.29% | -31.33% | -42.96% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.33% | — |
Current DrawdownCurrent decline from peak | -48.88% | -2.68% | -46.20% |
Average DrawdownAverage peak-to-trough decline | -32.10% | -6.50% | -25.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.43% | 3.42% | +25.01% |
Volatility
VBTC.PA vs. SXRV.DE - Volatility Comparison
VanEck Bitcoin ETN A (VBTC.PA) has a higher volatility of 9.68% compared to iShares NASDAQ 100 UCITS ETF USD (Acc) (SXRV.DE) at 5.34%. This indicates that VBTC.PA's price experiences larger fluctuations and is considered to be riskier than SXRV.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 | SXRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 5.34% | +4.34% |
Volatility (6M)Calculated over the trailing 6-month period | 28.59% | 11.57% | +17.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.90% | 16.11% | +22.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.76% | 19.90% | +32.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.80% | 19.66% | +33.14% |
VBTC.PA vs. SXRV.DE - Expense Ratio Comparison
VBTC.PA has a 1.00% expense ratio, which is higher than SXRV.DE's 0.36% expense ratio.
Dividends
VBTC.PA vs. SXRV.DE - Dividend Comparison
Neither VBTC.PA nor SXRV.DE has paid dividends to shareholders.
Frequently Asked Questions
VBTC.PA and SXRV.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SXRV.DE is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SXRV.DE is cheaper with a 0.36% expense ratio, compared with 1.00% for VBTC.PA.
VBTC.PA is categorized as Cryptocurrency, while SXRV.DE is Nasdaq-100. VBTC.PA tracks MVIS Cryptocompare Bitcoin VWAP Close Index, while SXRV.DE tracks NASDAQ-100 Index. They also come from different issuers: VanEck and iShares. Their fees differ too: 1.00% for VBTC.PA and 0.36% for SXRV.DE.
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