VVSM.DE vs. BTCE.DE
VVSM.DE (VanEck Semiconductor UCITS ETF) and BTCE.DE (ETC Group Physical Bitcoin) are both exchange-traded funds - VVSM.DE is a Semiconductors fund tracking the MVIS US Listed Semiconductor 10% Capped ESG Index, while BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance. VVSM.DE is passively managed, while BTCE.DE is actively managed. Over the past 5 years, VVSM.DE returned 38.39%/yr vs 10.38%/yr for BTCE.DE. At a 0.33 correlation, their price movements are largely independent. VVSM.DE charges 0.35%/yr vs 2.00%/yr for BTCE.DE.
Performance
VVSM.DE vs. BTCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VVSM.DE achieves a 88.80% return, which is significantly higher than BTCE.DE's -27.02% return.
VVSM.DE
- 1D
- 5.78%
- 1M
- 11.46%
- YTD
- 88.80%
- 6M
- 94.46%
- 1Y
- 164.58%
- 3Y*
- 55.11%
- 5Y*
- 38.39%
- 10Y*
- —
BTCE.DE
- 1D
- -3.79%
- 1M
- -18.81%
- YTD
- -27.02%
- 6M
- -28.97%
- 1Y
- -41.88%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
VVSM.DE vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
VVSM.DE VanEck Semiconductor UCITS ETF | 88.80% | 33.22% | 31.47% | 70.20% | -32.79% | 58.38% | -15.76% |
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 38.87% |
Correlation
The correlation between VVSM.DE and BTCE.DE is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 1, 2020 | 0.33 |
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Return for Risk
VVSM.DE vs. BTCE.DE — Risk / Return Rank
VVSM.DE
BTCE.DE
VVSM.DE vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Semiconductor UCITS ETF (VVSM.DE) and ETC Group Physical Bitcoin (BTCE.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.
| VVSM.DE | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.87 | ||
| Sortino ratioReturn per unit of downside risk | +6.50 | ||
| Omega ratioGain probability vs. loss probability | 1.63 | 0.83 | +0.80 |
| Calmar ratioReturn relative to maximum drawdown | 13.76 | -0.83 | +14.59 |
| Martin ratioReturn relative to average drawdown | 44.81 | -1.46 | +46.27 |
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Drawdowns
VVSM.DE vs. BTCE.DE - Drawdown Comparison
The maximum VVSM.DE drawdown since its inception was -37.65%, smaller than the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for VVSM.DE and BTCE.DE.
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Drawdown Indicators
| VVSM.DE | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.65% | -74.62% | +36.97% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -49.76% | +38.11% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -49.76% | +12.24% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -74.62% | +36.97% |
Current DrawdownCurrent decline from peak | -1.32% | -49.27% | +47.95% |
Average DrawdownAverage peak-to-trough decline | -10.48% | -30.26% | +19.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.58% | 28.52% | -24.94% |
Volatility
VVSM.DE vs. BTCE.DE - Volatility Comparison
VanEck Semiconductor UCITS ETF (VVSM.DE) has a higher volatility of 13.48% compared to ETC Group Physical Bitcoin (BTCE.DE) at 9.82%. This indicates that VVSM.DE's price experiences larger fluctuations and is considered to be riskier than BTCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VVSM.DE | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.48% | 9.82% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 26.15% | 31.25% | -5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.27% | 39.81% | -6.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.43% | 52.58% | -21.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.86% | 57.83% | -25.97% |
VVSM.DE vs. BTCE.DE - Expense Ratio Comparison
VVSM.DE has a 0.35% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Dividends
VVSM.DE vs. BTCE.DE - Dividend Comparison
Neither VVSM.DE nor BTCE.DE has paid dividends to shareholders.
Frequently Asked Questions
VVSM.DE and BTCE.DE have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VVSM.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VVSM.DE is cheaper with a 0.35% expense ratio, compared with 2.00% for BTCE.DE.
VVSM.DE is categorized as Semiconductors, while BTCE.DE is Cryptocurrency. They also come from different issuers: VanEck and ETC Issuance. Their fees differ too: 0.35% for VVSM.DE and 2.00% for BTCE.DE.
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