XEU.TO vs. BTC-USD
XEU.TO (iShares MSCI Europe IMI Index ETF) is Europe Equities fund tracking the Morningstar Eur GR CAD, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, XEU.TO returned 9.77%/yr vs 61.92%/yr for BTC-USD. At a 0.10 correlation, their price movements are largely independent.
Performance
XEU.TO vs. BTC-USD - Performance Comparison
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Different Trading Currencies
XEU.TO is traded in CAD, while BTC-USD is traded in USD. To make them comparable, the BTC-USD values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, XEU.TO achieves a 6.82% return, which is significantly higher than BTC-USD's -23.11% return. Over the past 10 years, XEU.TO has underperformed BTC-USD with an annualized return of 9.77%, while BTC-USD has yielded a comparatively higher 61.92% annualized return.
XEU.TO
- 1D
- -0.82%
- 1M
- 5.05%
- YTD
- 6.82%
- 6M
- 8.23%
- 1Y
- 18.70%
- 3Y*
- 17.08%
- 5Y*
- 10.84%
- 10Y*
- 9.77%
BTC-USD
- 1D
- 0.00%
- 1M
- -15.14%
- YTD
- -23.11%
- 6M
- -29.19%
- 1Y
- -36.19%
- 3Y*
- 36.35%
- 5Y*
- 15.72%
- 10Y*
- 61.92%
XEU.TO vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XEU.TO iShares MSCI Europe IMI Index ETF | 6.82% | 29.40% | 9.36% | 17.36% | -10.48% | 16.36% | 3.16% | 18.30% | -8.11% | 18.48% |
BTC-USD Bitcoin | -26.79% | -10.57% | 139.80% | 149.06% | -61.52% | 57.96% | 297.73% | 84.55% | -72.50% | 1,319.38% |
Correlation
The correlation between XEU.TO and BTC-USD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2014 | 0.10 |
The correlation between XEU.TO and BTC-USD shifts across timeframes, from 0.10 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XEU.TO vs. BTC-USD — Risk / Return Rank
XEU.TO
BTC-USD
XEU.TO vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe IMI Index ETF (XEU.TO) and Bitcoin (BTC-USD). 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.
| XEU.TO | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.18 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 0.88 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | -0.72 | +2.29 |
| Martin ratioReturn relative to average drawdown | 6.06 | -1.26 | +7.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XEU.TO | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | -0.86 | +2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.74 | 0.30 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.93 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 1.20 | -0.67 |
Drawdowns
XEU.TO vs. BTC-USD - Drawdown Comparison
The maximum XEU.TO drawdown since its inception was -32.02%, smaller than the maximum BTC-USD drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for XEU.TO and BTC-USD.
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Drawdown Indicators
| XEU.TO | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.02% | -83.55% | +51.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -50.49% | +38.55% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -50.49% | +35.87% |
Max Drawdown (5Y)Largest decline over 5 years | -26.96% | -74.78% | +47.82% |
Max Drawdown (10Y)Largest decline over 10 years | -32.02% | -82.53% | +50.51% |
Current DrawdownCurrent decline from peak | -1.74% | -46.91% | +45.17% |
Average DrawdownAverage peak-to-trough decline | -5.38% | -39.95% | +34.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 34.38% | -31.29% |
Volatility
XEU.TO vs. BTC-USD - Volatility Comparison
The current volatility for iShares MSCI Europe IMI Index ETF (XEU.TO) is 5.16%, while Bitcoin (BTC-USD) has a volatility of 9.93%. This indicates that XEU.TO experiences smaller price fluctuations and is considered to be less risky than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XEU.TO | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 9.93% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.85% | 34.44% | -22.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 35.16% | -20.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.72% | 43.69% | -28.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.09% | 55.22% | -39.13% |
Frequently Asked Questions
XEU.TO and BTC-USD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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