VWCE.DE vs. VBTC.PA
VWCE.DE (Vanguard FTSE All-World UCITS ETF) and VBTC.PA (VanEck Bitcoin ETN A) are both exchange-traded funds - VWCE.DE is a Global Equities fund tracking the FTSE All-World Index, while VBTC.PA is a Cryptocurrency fund tracking the MVIS Cryptocompare Bitcoin VWAP Close Index. Both are passively managed. Over the past 5 years, VWCE.DE returned 11.89%/yr vs 11.58%/yr for VBTC.PA. At a 0.39 correlation, their price movements are largely independent. VWCE.DE charges 0.19%/yr vs 1.00%/yr for VBTC.PA.
Performance
VWCE.DE vs. VBTC.PA - Performance Comparison
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Returns By Period
In the year-to-date period, VWCE.DE achieves a 11.72% return, which is significantly higher than VBTC.PA's -27.36% return.
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
- 1D
- -3.96%
- 1M
- -18.74%
- YTD
- -27.36%
- 6M
- -29.16%
- 1Y
- -41.20%
- 3Y*
- 29.35%
- 5Y*
- 11.58%
- 10Y*
- —
VWCE.DE vs. VBTC.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VWCE.DE Vanguard FTSE All-World UCITS ETF | 11.72% | 9.16% | 24.41% | 18.18% | -13.47% | 15.48% |
VBTC.PA VanEck Bitcoin ETN A | -27.36% | -17.91% | 135.65% | 144.60% | -63.85% | 38.30% |
Correlation
The correlation between VWCE.DE and VBTC.PA 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
VWCE.DE vs. VBTC.PA — Risk / Return Rank
VWCE.DE
VBTC.PA
VWCE.DE vs. VBTC.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE All-World UCITS ETF (VWCE.DE) and VanEck Bitcoin ETN A (VBTC.PA). 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.
| VWCE.DE | VBTC.PA | 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 | 1.41 | 0.83 | +0.58 |
| Calmar ratioReturn relative to maximum drawdown | 3.92 | -0.82 | +4.74 |
| Martin ratioReturn relative to average drawdown | 16.07 | -1.44 | +17.51 |
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Drawdowns
VWCE.DE vs. VBTC.PA - Drawdown Comparison
The maximum VWCE.DE drawdown since its inception was -33.43%, smaller than the maximum VBTC.PA drawdown of -74.29%. Use the drawdown chart below to compare losses from any high point for VWCE.DE and VBTC.PA.
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Drawdown Indicators
| VWCE.DE | VBTC.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.43% | -74.29% | +40.86% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -49.44% | +42.89% |
Max Drawdown (3Y)Largest decline over 3 years | -21.07% | -49.44% | +28.37% |
Max Drawdown (5Y)Largest decline over 5 years | -21.07% | -74.29% | +53.22% |
Current DrawdownCurrent decline from peak | -1.47% | -48.88% | +47.41% |
Average DrawdownAverage peak-to-trough decline | -4.68% | -32.10% | +27.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | 28.43% | -26.83% |
Volatility
VWCE.DE vs. VBTC.PA - Volatility Comparison
The current volatility for Vanguard FTSE All-World UCITS ETF (VWCE.DE) is 3.40%, while VanEck Bitcoin ETN A (VBTC.PA) has a volatility of 9.68%. This indicates that VWCE.DE experiences smaller price fluctuations and is considered to be less risky than VBTC.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWCE.DE | VBTC.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 9.68% | -6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.51% | 28.59% | -20.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.63% | 38.90% | -27.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.79% | 52.76% | -38.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.16% | 52.80% | -36.64% |
VWCE.DE vs. VBTC.PA - Expense Ratio Comparison
VWCE.DE has a 0.19% expense ratio, which is lower than VBTC.PA's 1.00% expense ratio.
Dividends
VWCE.DE vs. VBTC.PA - Dividend Comparison
Neither VWCE.DE nor VBTC.PA has paid dividends to shareholders.
Frequently Asked Questions
VWCE.DE and VBTC.PA 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.
VWCE.DE is categorized as Global Equities, while VBTC.PA is Cryptocurrency. VWCE.DE tracks FTSE All-World Index, while VBTC.PA tracks MVIS Cryptocompare Bitcoin VWAP Close Index. They also come from different issuers: Vanguard and VanEck. Their fees differ too: 0.19% for VWCE.DE and 1.00% for VBTC.PA.
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