21XH.DE vs. HDX1.DE
21XH.DE (21Shares Crypto Basket Index ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds - 21XH.DE tracks the HODL Index while HDX1.DE tracks the Nasdaq Crypto Index. Both are passively managed. Over the past 3 years, 21XH.DE returned 14.34%/yr vs 19.62%/yr for HDX1.DE. Their correlation of 0.91 suggests significant overlap in exposure. 21XH.DE charges 0.99%/yr vs 1.00%/yr for HDX1.DE.
Performance
21XH.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 21XH.DE achieves a -32.27% return, which is significantly lower than HDX1.DE's -29.97% return.
21XH.DE
- 1D
- -3.94%
- 1M
- -20.10%
- YTD
- -32.27%
- 6M
- -34.48%
- 1Y
- -37.61%
- 3Y*
- 14.34%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
21XH.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
21XH.DE 21Shares Crypto Basket Index ETP | -32.27% | -18.66% | 82.15% | 126.74% | -30.54% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
Correlation
The correlation between 21XH.DE and HDX1.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.91 |
The correlation between 21XH.DE and HDX1.DE has been stable across timeframes, ranging from 0.91 to 0.98 - a consistent structural relationship.
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Return for Risk
21XH.DE vs. HDX1.DE — Risk / Return Rank
21XH.DE
HDX1.DE
21XH.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Crypto Basket Index ETP (21XH.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.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.
| 21XH.DE | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.85 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.79 | +0.09 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.36 | +0.16 |
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
| 21XH.DE | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.83 | -0.96 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.16 | 0.39 | -0.55 |
Drawdowns
21XH.DE vs. HDX1.DE - Drawdown Comparison
The maximum 21XH.DE drawdown since its inception was -81.74%, which is greater than HDX1.DE's maximum drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for 21XH.DE and HDX1.DE.
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Drawdown Indicators
| 21XH.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.74% | -53.03% | -28.71% |
Max Drawdown (1Y)Largest decline over 1 year | -55.27% | -53.03% | -2.24% |
Max Drawdown (3Y)Largest decline over 3 years | -55.27% | -53.03% | -2.24% |
Current DrawdownCurrent decline from peak | -58.45% | -53.03% | -5.42% |
Average DrawdownAverage peak-to-trough decline | -49.71% | -16.03% | -33.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.39% | 30.87% | +1.52% |
Volatility
21XH.DE vs. HDX1.DE - Volatility Comparison
21Shares Crypto Basket Index ETP (21XH.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) have volatilities of 9.84% and 10.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 21XH.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.84% | 10.07% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 34.24% | 32.86% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.36% | 43.43% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.59% | 51.02% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 55.59% | 51.02% | +4.57% |
21XH.DE vs. HDX1.DE - Expense Ratio Comparison
21XH.DE has a 0.99% expense ratio, which is lower than HDX1.DE's 1.00% expense ratio.
Dividends
21XH.DE vs. HDX1.DE - Dividend Comparison
Neither 21XH.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, 21XH.DE and HDX1.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 21XH.DE is cheaper at 0.99% per year. The better choice depends on whether you care most about return, fees, risk, or income.
21XH.DE is cheaper with a 0.99% expense ratio, compared with 1.00% for HDX1.DE.
21XH.DE tracks HODL Index, while HDX1.DE tracks Nasdaq Crypto Index. They also come from different issuers: 21Shares and Hashdex. Their fees differ too: 0.99% for 21XH.DE and 1.00% for HDX1.DE.
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