XYP1.DE vs. BTCE.DE
XYP1.DE (Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF) and BTCE.DE (ETC Group Physical Bitcoin) are both exchange-traded funds - XYP1.DE is a European Government Bonds fund tracking the iBoxx® EUR Sovereigns Eurozone Yield Plus 1-3, while BTCE.DE is a Cryptocurrency fund actively managed by ETC Issuance. XYP1.DE is passively managed, while BTCE.DE is actively managed. Over the past 5 years, XYP1.DE returned 0.84%/yr vs 10.38%/yr for BTCE.DE. At a 0.01 correlation, their price movements are largely independent. XYP1.DE charges 0.15%/yr vs 2.00%/yr for BTCE.DE.
Performance
XYP1.DE vs. BTCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XYP1.DE achieves a -0.03% return, which is significantly higher than BTCE.DE's -27.02% return.
XYP1.DE
- 1D
- 0.03%
- 1M
- 0.01%
- YTD
- -0.03%
- 6M
- 0.19%
- 1Y
- 0.84%
- 3Y*
- 2.81%
- 5Y*
- 0.84%
- 10Y*
- 0.56%
BTCE.DE
- 1D
- -3.79%
- 1M
- -19.04%
- YTD
- -27.02%
- 6M
- -29.77%
- 1Y
- -41.51%
- 3Y*
- 28.04%
- 5Y*
- 10.38%
- 10Y*
- —
XYP1.DE vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XYP1.DE Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF | -0.03% | 2.36% | 3.44% | 3.76% | -4.63% | -0.71% | 0.69% |
BTCE.DE ETC Group Physical Bitcoin | -27.02% | -18.20% | 125.79% | 146.52% | -63.89% | 81.36% | 162.37% |
Correlation
The correlation between XYP1.DE and BTCE.DE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2020 | 0.01 |
The correlation between XYP1.DE and BTCE.DE shifts across timeframes, from -0.01 (5 years) to 0.10 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XYP1.DE vs. BTCE.DE — Risk / Return Rank
XYP1.DE
BTCE.DE
XYP1.DE vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.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.
| XYP1.DE | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.44 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 0.83 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.60 | -0.83 | +1.43 |
| Martin ratioReturn relative to average drawdown | 1.87 | -1.46 | +3.33 |
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
| XYP1.DE | BTCE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | -1.04 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.20 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.58 | -0.13 |
Drawdowns
XYP1.DE vs. BTCE.DE - Drawdown Comparison
The maximum XYP1.DE drawdown since its inception was -5.77%, smaller than the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for XYP1.DE and BTCE.DE.
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Drawdown Indicators
| XYP1.DE | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.77% | -74.62% | +68.85% |
Max Drawdown (1Y)Largest decline over 1 year | -1.39% | -49.76% | +48.37% |
Max Drawdown (3Y)Largest decline over 3 years | -1.39% | -49.76% | +48.37% |
Max Drawdown (5Y)Largest decline over 5 years | -5.53% | -74.62% | +69.09% |
Max Drawdown (10Y)Largest decline over 10 years | -5.77% | — | — |
Current DrawdownCurrent decline from peak | -0.68% | -49.27% | +48.59% |
Average DrawdownAverage peak-to-trough decline | -0.92% | -30.28% | +29.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 28.52% | -28.07% |
Volatility
XYP1.DE vs. BTCE.DE - Volatility Comparison
The current volatility for Xtrackers Eurozone Government Bond Yield Plus 1-3 UCITS ETF (XYP1.DE) is 0.48%, while ETC Group Physical Bitcoin (BTCE.DE) has a volatility of 9.82%. This indicates that XYP1.DE experiences smaller price fluctuations and is considered to be less risky 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
| XYP1.DE | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.48% | 9.82% | -9.34% |
Volatility (6M)Calculated over the trailing 6-month period | 1.26% | 31.25% | -29.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.37% | 39.81% | -38.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.75% | 52.58% | -50.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.01% | 57.85% | -55.84% |
XYP1.DE vs. BTCE.DE - Expense Ratio Comparison
XYP1.DE has a 0.15% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Dividends
XYP1.DE vs. BTCE.DE - Dividend Comparison
Neither XYP1.DE nor BTCE.DE has paid dividends to shareholders.
Frequently Asked Questions
XYP1.DE and BTCE.DE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XYP1.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XYP1.DE is cheaper with a 0.15% expense ratio, compared with 2.00% for BTCE.DE.
XYP1.DE is categorized as European Government Bonds, while BTCE.DE is Cryptocurrency. They also come from different issuers: Xtrackers and ETC Issuance. Their fees differ too: 0.15% for XYP1.DE and 2.00% for BTCE.DE.
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