VUAA.DE vs. BITC.AS
VUAA.DE (Vanguard S&P 500 UCITS USD Acc ETF) and BITC.AS (CoinShares Physical Bitcoin (BTC) ETP) are both exchange-traded funds - VUAA.DE is a S&P 500 fund tracking the S&P 500 Index, while BITC.AS is a Cryptocurrency fund actively managed by CoinShares. VUAA.DE is passively managed, while BITC.AS is actively managed. Over the past 3 years, VUAA.DE returned 18.05%/yr vs 29.34%/yr for BITC.AS. At a 0.33 correlation, their price movements are largely independent. VUAA.DE charges 0.07%/yr vs 0.25%/yr for BITC.AS.
Performance
VUAA.DE vs. BITC.AS - Performance Comparison
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Returns By Period
In the year-to-date period, VUAA.DE achieves a 9.96% return, which is significantly higher than BITC.AS's -27.10% return.
VUAA.DE
- 1D
- 1.54%
- 1M
- 0.58%
- YTD
- 9.96%
- 6M
- 10.78%
- 1Y
- 24.90%
- 3Y*
- 18.05%
- 5Y*
- 14.30%
- 10Y*
- —
BITC.AS
- 1D
- -3.60%
- 1M
- -19.17%
- YTD
- -27.10%
- 6M
- -28.56%
- 1Y
- -39.92%
- 3Y*
- 29.34%
- 5Y*
- —
- 10Y*
- —
VUAA.DE vs. BITC.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 9.96% | 4.69% | 32.69% | 20.82% |
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | -27.10% | -17.17% | 136.40% | 82.20% |
Correlation
The correlation between VUAA.DE and BITC.AS 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 (All Time) Calculated using the full available price history since Jan 23, 2023 | 0.33 |
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Return for Risk
VUAA.DE vs. BITC.AS — Risk / Return Rank
VUAA.DE
BITC.AS
VUAA.DE vs. BITC.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) and CoinShares Physical Bitcoin (BTC) ETP (BITC.AS). 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.
| VUAA.DE | BITC.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.34 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.84 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | -0.81 | +4.30 |
| Martin ratioReturn relative to average drawdown | 12.44 | -1.43 | +13.87 |
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Drawdowns
VUAA.DE vs. BITC.AS - Drawdown Comparison
The maximum VUAA.DE drawdown since its inception was -33.67%, smaller than the maximum BITC.AS drawdown of -49.38%. Use the drawdown chart below to compare losses from any high point for VUAA.DE and BITC.AS.
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Drawdown Indicators
| VUAA.DE | BITC.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.67% | -49.38% | +15.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.00% | -49.38% | +42.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.33% | -49.38% | +26.05% |
Max Drawdown (5Y)Largest decline over 5 years | -23.33% | — | — |
Current DrawdownCurrent decline from peak | -1.74% | -48.60% | +46.86% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -13.07% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 28.31% | -26.35% |
Volatility
VUAA.DE vs. BITC.AS - Volatility Comparison
The current volatility for Vanguard S&P 500 UCITS USD Acc ETF (VUAA.DE) is 3.07%, while CoinShares Physical Bitcoin (BTC) ETP (BITC.AS) has a volatility of 9.70%. This indicates that VUAA.DE experiences smaller price fluctuations and is considered to be less risky than BITC.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VUAA.DE | BITC.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.07% | 9.70% | -6.63% |
Volatility (6M)Calculated over the trailing 6-month period | 7.81% | 29.08% | -21.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.73% | 39.42% | -27.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.14% | 45.62% | -30.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.61% | 45.62% | -28.01% |
VUAA.DE vs. BITC.AS - Expense Ratio Comparison
VUAA.DE has a 0.07% expense ratio, which is lower than BITC.AS's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VUAA.DE vs. BITC.AS - Dividend Comparison
Neither VUAA.DE nor BITC.AS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BITC.AS CoinShares Physical Bitcoin (BTC) ETP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VUAA.DE Vanguard S&P 500 UCITS USD Acc ETF | 0.00% | 0.00% | 0.27% | 0.00% | 0.00% | 0.00% | 1.09% |
Frequently Asked Questions
VUAA.DE and BITC.AS 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, VUAA.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VUAA.DE is cheaper with a 0.07% expense ratio, compared with 0.25% for BITC.AS.
VUAA.DE is categorized as S&P 500, while BITC.AS is Cryptocurrency. They also come from different issuers: Vanguard and CoinShares. Their fees differ too: 0.07% for VUAA.DE and 0.25% for BITC.AS.
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