XIEE.DE vs. 2BTC.DE

Last updated Jun 5, 2026

XIEE.DE (Xtrackers MSCI Europe UCITS ETF) and 2BTC.DE (21Shares Bitcoin ETP) are both exchange-traded funds - XIEE.DE is a Europe Equities fund tracking the MSCI Europe, while 2BTC.DE is a Cryptocurrency fund actively managed by 21Shares. XIEE.DE is passively managed, while 2BTC.DE is actively managed. Over the past 5 years, XIEE.DE returned 9.99%/yr vs 11.03%/yr for 2BTC.DE. At a 0.30 correlation, their price movements are largely independent. XIEE.DE charges 0.12%/yr vs 1.49%/yr for 2BTC.DE.

Performance

XIEE.DE vs. 2BTC.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Europe UCITS ETF (XIEE.DE) and 21Shares Bitcoin ETP (2BTC.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XIEE.DE achieves a 7.68% return, which is significantly higher than 2BTC.DE's -26.93% return.

XIEE.DE

• 1D: 0.61%
• 1M: 3.33%
• YTD: 7.68%
• 6M: 9.90%
• 1Y: 16.12%
• 3Y*: 13.74%
• 5Y*: 9.99%
• 10Y*: 9.16%

2BTC.DE

• 1D: -3.67%
• 1M: -21.27%
• YTD: -26.93%
• 6M: -31.43%
• 1Y: -41.35%
• 3Y*: 28.78%
• 5Y*: 11.03%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XIEE.DE vs. 2BTC.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
XIEE.DE Xtrackers MSCI Europe UCITS ETF	7.68%	20.34%	8.08%	15.72%	-9.15%	24.96%	9.23%
2BTC.DE 21Shares Bitcoin ETP	-26.93%	-17.79%	127.95%	147.44%	-63.76%	82.65%	177.87%

Correlation

The correlation between XIEE.DE and 2BTC.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Jul 3, 2020	0.30

Return for Risk

XIEE.DE vs. 2BTC.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XIEE.DE

XIEE.DE Risk / Return Rank: 37
XIEE.DE Sharpe Ratio Rank: 36
XIEE.DE Sortino Ratio Rank: 36
XIEE.DE Omega Ratio Rank: 37
XIEE.DE Calmar Ratio Rank: 34
XIEE.DE Martin Ratio Rank: 40

2BTC.DE

2BTC.DE Risk / Return Rank: 2
2BTC.DE Sharpe Ratio Rank: 1
2BTC.DE Sortino Ratio Rank: 1
2BTC.DE Omega Ratio Rank: 2
2BTC.DE Calmar Ratio Rank: 2
2BTC.DE Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XIEE.DE vs. 2BTC.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) and 21Shares Bitcoin ETP (2BTC.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.

	XIEE.DE	2BTC.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.26	-1.04	+2.30
Sortino ratio: Return per unit of downside risk	1.85	-1.55	+3.40
Omega ratio: Gain probability vs. loss probability	1.24	0.83	+0.41
Calmar ratio: Return relative to maximum drawdown	1.67	-0.83	+2.50
Martin ratio: Return relative to average drawdown	6.35	-1.45	+7.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XIEE.DE vs. 2BTC.DE - Sharpe Ratio Comparison

The current XIEE.DE Sharpe Ratio is 1.26, which is higher than the 2BTC.DE Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of XIEE.DE and 2BTC.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XIEE.DE	2BTC.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.26	-1.04	+2.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.21	+0.49
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.62	-0.09

Drawdowns

XIEE.DE vs. 2BTC.DE - Drawdown Comparison

The maximum XIEE.DE drawdown since its inception was -35.51%, smaller than the maximum 2BTC.DE drawdown of -74.55%. Use the drawdown chart below to compare losses from any high point for XIEE.DE and 2BTC.DE.

Drawdown Indicators

	XIEE.DE	2BTC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.51%	-74.55%	+39.04%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-49.73%	+40.12%
Max Drawdown (3Y) Largest decline over 3 years	-16.52%	-49.73%	+33.21%
Max Drawdown (5Y) Largest decline over 5 years	-19.30%	-74.55%	+55.25%
Max Drawdown (10Y) Largest decline over 10 years	-35.51%	—	—
Current Drawdown Current decline from peak	-1.61%	-49.12%	+47.51%
Average Drawdown Average peak-to-trough decline	-5.02%	-30.26%	+25.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	28.45%	-25.92%

Volatility

XIEE.DE vs. 2BTC.DE - Volatility Comparison

The current volatility for Xtrackers MSCI Europe UCITS ETF (XIEE.DE) is 4.32%, while 21Shares Bitcoin ETP (2BTC.DE) has a volatility of 9.87%. This indicates that XIEE.DE experiences smaller price fluctuations and is considered to be less risky than 2BTC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XIEE.DE	2BTC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.32%	9.87%	-5.55%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	31.32%	-20.81%
Volatility (1Y) Calculated over the trailing 1-year period	12.72%	39.83%	-27.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.13%	52.82%	-38.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.54%	57.93%	-42.39%

XIEE.DE vs. 2BTC.DE - Expense Ratio Comparison

XIEE.DE has a 0.12% expense ratio, which is lower than 2BTC.DE's 1.49% expense ratio.

Dividends

XIEE.DE vs. 2BTC.DE - Dividend Comparison

XIEE.DE's dividend yield for the trailing twelve months is around 2.43%, while 2BTC.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
2BTC.DE 21Shares Bitcoin ETP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XIEE.DE Xtrackers MSCI Europe UCITS ETF	2.43%	2.49%	3.26%	2.85%	5.70%	1.50%	3.74%	0.30%	3.19%	0.92%	0.09%

Frequently Asked Questions

Can I hold both XIEE.DE and 2BTC.DE in my portfolio?

XIEE.DE and 2BTC.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XIEE.DE or 2BTC.DE?

On fees, XIEE.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XIEE.DE or 2BTC.DE?

XIEE.DE is cheaper with a 0.12% expense ratio, compared with 1.49% for 2BTC.DE.

What is the main difference between XIEE.DE and 2BTC.DE?

XIEE.DE is categorized as Europe Equities, while 2BTC.DE is Cryptocurrency. They also come from different issuers: Xtrackers and 21Shares. Their fees differ too: 0.12% for XIEE.DE and 1.49% for 2BTC.DE.