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21XJ.DE vs. CCHA.DE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

21XJ.DE vs. CCHA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Binance BNB ETP (21XJ.DE) and CoinShares Physical Chainlink ETP (CCHA.DE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, 21XJ.DE achieves a -29.43% return, which is significantly higher than CCHA.DE's -34.79% return.


21XJ.DE

1D
-4.90%
1M
-6.03%
YTD
-29.43%
6M
-32.15%
1Y
-11.77%
3Y*
22.53%
5Y*
10Y*

CCHA.DE

1D
-3.98%
1M
-18.33%
YTD
-34.79%
6M
-41.21%
1Y
-42.93%
3Y*
4.42%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

21XJ.DE vs. CCHA.DE - Yearly Performance Comparison


2026 (YTD)2025202420232022
21XJ.DE
21Shares Binance BNB ETP
-29.43%6.81%124.46%23.94%-38.82%
CCHA.DE
CoinShares Physical Chainlink ETP
-34.79%-48.45%37.05%178.07%-51.77%

Correlation

The correlation between 21XJ.DE and CCHA.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.76

Correlation (3Y)
Calculated over the trailing 3-year period

0.63

Correlation (All Time)
Calculated using the full available price history since May 5, 2022

0.66

The correlation between 21XJ.DE and CCHA.DE shifts across timeframes, from 0.63 (3 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.

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Return for Risk

21XJ.DE vs. CCHA.DE — Risk / Return Rank

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

21XJ.DE
21XJ.DE Risk / Return Rank: 77
Overall Rank
21XJ.DE Sharpe Ratio Rank: 66
Sharpe Ratio Rank
21XJ.DE Sortino Ratio Rank: 88
Sortino Ratio Rank
21XJ.DE Omega Ratio Rank: 77
Omega Ratio Rank
21XJ.DE Calmar Ratio Rank: 77
Calmar Ratio Rank
21XJ.DE Martin Ratio Rank: 77
Martin Ratio Rank

CCHA.DE
CCHA.DE Risk / Return Rank: 44
Overall Rank
CCHA.DE Sharpe Ratio Rank: 44
Sharpe Ratio Rank
CCHA.DE Sortino Ratio Rank: 44
Sortino Ratio Rank
CCHA.DE Omega Ratio Rank: 44
Omega Ratio Rank
CCHA.DE Calmar Ratio Rank: 44
Calmar Ratio Rank
CCHA.DE Martin Ratio Rank: 55
Martin Ratio Rank
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.

21XJ.DE vs. CCHA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Binance BNB ETP (21XJ.DE) and CoinShares Physical Chainlink ETP (CCHA.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.


21XJ.DECCHA.DEDifference
Sharpe ratioReturn per unit of total volatility

+0.34

Sortino ratioReturn per unit of downside risk

+0.61

Omega ratioGain probability vs. loss probability

0.99

0.93

+0.06

Calmar ratioReturn relative to maximum drawdown

-0.24

-0.64

+0.40

Martin ratioReturn relative to average drawdown

-0.39

-0.96

+0.57

21XJ.DE vs. CCHA.DE - Sharpe Ratio Comparison

The current 21XJ.DE Sharpe Ratio is -0.28, which is higher than the CCHA.DE Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of 21XJ.DE and CCHA.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.


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Sharpe Ratios by Period


21XJ.DECCHA.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.28

-0.62

+0.34

Sharpe Ratio (All Time)

Calculated using the full available price history

0.08

-0.13

+0.21

Drawdowns

21XJ.DE vs. CCHA.DE - Drawdown Comparison

The maximum 21XJ.DE drawdown since its inception was -56.06%, smaller than the maximum CCHA.DE drawdown of -75.80%. Use the drawdown chart below to compare losses from any high point for 21XJ.DE and CCHA.DE.


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Drawdown Indicators


21XJ.DECCHA.DEDifference

Max Drawdown

Largest peak-to-trough decline

-56.06%

-75.80%

+19.74%

Max Drawdown (1Y)

Largest decline over 1 year

-56.06%

-69.64%

+13.58%

Max Drawdown (3Y)

Largest decline over 3 years

-56.06%

-75.80%

+19.74%

Current Drawdown

Current decline from peak

-54.01%

-75.80%

+21.79%

Average Drawdown

Average peak-to-trough decline

-27.87%

-39.26%

+11.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

34.08%

46.73%

-12.65%

Volatility

21XJ.DE vs. CCHA.DE - Volatility Comparison

The current volatility for 21Shares Binance BNB ETP (21XJ.DE) is 13.53%, while CoinShares Physical Chainlink ETP (CCHA.DE) has a volatility of 14.62%. This indicates that 21XJ.DE experiences smaller price fluctuations and is considered to be less risky than CCHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


21XJ.DECCHA.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

13.53%

14.62%

-1.09%

Volatility (6M)

Calculated over the trailing 6-month period

32.59%

44.07%

-11.48%

Volatility (1Y)

Calculated over the trailing 1-year period

47.90%

72.25%

-24.35%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

54.02%

85.39%

-31.37%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

54.02%

85.39%

-31.37%

21XJ.DE vs. CCHA.DE - Expense Ratio Comparison

21XJ.DE has a 2.50% expense ratio, which is higher than CCHA.DE's 1.50% expense ratio.


Dividends

21XJ.DE vs. CCHA.DE - Dividend Comparison

Neither 21XJ.DE nor CCHA.DE has paid dividends to shareholders.


Tickers have no history of dividend payments

Frequently Asked Questions


21XJ.DE and CCHA.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, CCHA.DE is cheaper at 1.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

CCHA.DE is cheaper with a 1.50% expense ratio, compared with 2.50% for 21XJ.DE.

They also come from different issuers: 21Shares and CoinShares. Their fees differ too: 2.50% for 21XJ.DE and 1.50% for CCHA.DE.

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