VBTC.PA vs. VWCE.DE
VBTC.PA (VanEck Bitcoin ETN A) and VWCE.DE (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - VBTC.PA is a Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index, while VWCE.DE is a Global Equities fund tracking the FTSE All-World Index. Both are passively managed. Over the past 5 years, VBTC.PA returned 11.58%/yr vs 11.89%/yr for VWCE.DE. At a 0.39 correlation, their price movements are largely independent. VBTC.PA charges 1.00%/yr vs 0.19%/yr for VWCE.DE.
Performance
VBTC.PA vs. VWCE.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 VWCE.DE's 11.72% 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*
- —
VWCE.DE
- 1D
- 1.82%
- 1M
- 0.89%
- YTD
- 11.72%
- 6M
- 13.39%
- 1Y
- 26.35%
- 3Y*
- 17.02%
- 5Y*
- 11.89%
- 10Y*
- —
VBTC.PA vs. VWCE.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% |
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 15.48% |
Correlation
The correlation between VBTC.PA and VWCE.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 (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2021 | 0.39 |
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Return for Risk
VBTC.PA vs. VWCE.DE — Risk / Return Rank
VBTC.PA
VWCE.DE
VBTC.PA vs. VWCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Bitcoin ETN A (VBTC.PA) and Vanguard FTSE All-World UCITS ETF (VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.65 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.41 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | 3.92 | -4.74 |
| Martin ratioReturn relative to average drawdown | -1.44 | 16.07 | -17.51 |
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Drawdowns
VBTC.PA vs. VWCE.DE - Drawdown Comparison
The maximum VBTC.PA drawdown since its inception was -74.29%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for VBTC.PA and VWCE.DE.
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Drawdown Indicators
| VBTC.PA | VWCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.29% | -33.43% | -40.86% |
Max Drawdown (1Y)Largest decline over 1 year | -49.44% | -6.55% | -42.89% |
Max Drawdown (3Y)Largest decline over 3 years | -49.44% | -21.07% | -28.37% |
Max Drawdown (5Y)Largest decline over 5 years | -74.29% | -21.07% | -53.22% |
Current DrawdownCurrent decline from peak | -48.88% | -1.47% | -47.41% |
Average DrawdownAverage peak-to-trough decline | -32.10% | -4.68% | -27.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.43% | 1.60% | +26.83% |
Volatility
VBTC.PA vs. VWCE.DE - Volatility Comparison
VanEck Bitcoin ETN A (VBTC.PA) has a higher volatility of 9.68% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.40%. This indicates that VBTC.PA's price experiences larger fluctuations and is considered to be riskier than VWCE.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 | VWCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.68% | 3.40% | +6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 28.59% | 8.51% | +20.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.90% | 11.63% | +27.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.76% | 13.79% | +38.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.80% | 16.16% | +36.64% |
VBTC.PA vs. VWCE.DE - Expense Ratio Comparison
VBTC.PA has a 1.00% expense ratio, which is higher than VWCE.DE's 0.19% expense ratio.
Dividends
VBTC.PA vs. VWCE.DE - Dividend Comparison
Neither VBTC.PA nor VWCE.DE has paid dividends to shareholders.
Frequently Asked Questions
VBTC.PA and VWCE.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, VWCE.DE is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VWCE.DE is cheaper with a 0.19% expense ratio, compared with 1.00% for VBTC.PA.
VBTC.PA is categorized as Cryptocurrency, while VWCE.DE is Global Equities. VBTC.PA tracks MVIS Cryptocompare Bitcoin VWAP Close Index, while VWCE.DE tracks FTSE All-World Index. They also come from different issuers: VanEck and Vanguard. Their fees differ too: 1.00% for VBTC.PA and 0.19% for VWCE.DE.
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