XNAS.L vs. BTC-USD
XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) is Nasdaq-100 fund tracking the NASDAQ-100 Index, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 5 years, XNAS.L returned 25.23%/yr vs 10.82%/yr for BTC-USD. At a 0.19 correlation, their price movements are largely independent.
Performance
XNAS.L vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XNAS.L achieves a 16.34% return, which is significantly higher than BTC-USD's -28.54% return.
XNAS.L
- 1D
- -0.36%
- 1M
- 1.62%
- YTD
- 16.34%
- 6M
- 15.52%
- 1Y
- 36.22%
- 3Y*
- 27.22%
- 5Y*
- 25.23%
- 10Y*
- —
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
XNAS.L vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XNAS.L Xtrackers NASDAQ 100 UCITS ETF | 16.34% | 19.82% | 26.59% | 88.40% | -25.44% | -8.88% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 30.16% |
Correlation
The correlation between XNAS.L 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 | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021 | 0.19 |
The correlation between XNAS.L and BTC-USD shifts across timeframes, from 0.14 (3 years) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XNAS.L vs. BTC-USD — Risk / Return Rank
XNAS.L
BTC-USD
XNAS.L vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) 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.
| XNAS.L | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.21 | ||
| Sortino ratioReturn per unit of downside risk | +4.49 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 0.86 | +0.53 |
| Calmar ratioReturn relative to maximum drawdown | 3.30 | -0.80 | +4.10 |
| Martin ratioReturn relative to average drawdown | 11.81 | -1.42 | +13.22 |
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
| XNAS.L | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | -0.95 | +3.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.11 | 0.20 | +0.91 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.87 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.13 | -0.48 |
Drawdowns
XNAS.L vs. BTC-USD - Drawdown Comparison
The maximum XNAS.L drawdown since its inception was -34.26%, smaller than the maximum BTC-USD drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for XNAS.L and BTC-USD.
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Drawdown Indicators
| XNAS.L | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.26% | -85.30% | +51.04% |
Max Drawdown (1Y)Largest decline over 1 year | -10.91% | -51.21% | +40.30% |
Max Drawdown (3Y)Largest decline over 3 years | -22.92% | -51.21% | +28.29% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -76.67% | +49.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -83.80% | — |
Current DrawdownCurrent decline from peak | -3.52% | -49.86% | +46.34% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -42.32% | +31.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 34.46% | -31.40% |
Volatility
XNAS.L vs. BTC-USD - Volatility Comparison
The current volatility for Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) is 5.49%, while Bitcoin (BTC-USD) has a volatility of 11.59%. This indicates that XNAS.L 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
| XNAS.L | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 11.59% | -6.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.01% | 34.53% | -22.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.02% | 35.67% | -19.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.70% | 44.95% | -22.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.23% | 56.71% | -31.48% |
Frequently Asked Questions
XNAS.L 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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