21XJ.DE vs. HDX1.DE
21XJ.DE (21Shares Binance BNB ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. 21XJ.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, 21XJ.DE returned 22.53%/yr vs 19.62%/yr for HDX1.DE. A 0.64 correlation means they provide meaningful diversification when combined. 21XJ.DE charges 2.50%/yr vs 1.00%/yr for HDX1.DE.
Performance
21XJ.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 21XJ.DE having a -29.43% return and HDX1.DE slightly lower at -29.97%.
21XJ.DE
- 1D
- -4.90%
- 1M
- -6.03%
- YTD
- -29.43%
- 6M
- -32.15%
- 1Y
- -11.77%
- 3Y*
- 22.53%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
21XJ.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
21XJ.DE 21Shares Binance BNB ETP | -29.43% | 6.81% | 124.46% | 23.94% | -19.53% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
Correlation
The correlation between 21XJ.DE and HDX1.DE is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.64 |
The correlation between 21XJ.DE and HDX1.DE shifts across timeframes, from 0.64 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
21XJ.DE vs. HDX1.DE — Risk / Return Rank
21XJ.DE
HDX1.DE
21XJ.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Binance BNB ETP (21XJ.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.
| 21XJ.DE | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.85 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.24 | -0.79 | +0.55 |
| Martin ratioReturn relative to average drawdown | -0.39 | -1.36 | +0.97 |
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
| 21XJ.DE | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.28 | -0.96 | +0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.39 | -0.30 |
Drawdowns
21XJ.DE vs. HDX1.DE - Drawdown Comparison
The maximum 21XJ.DE drawdown since its inception was -56.06%, 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 21XJ.DE and HDX1.DE.
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Drawdown Indicators
| 21XJ.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.06% | -53.03% | -3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -56.06% | -53.03% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -56.06% | -53.03% | -3.03% |
Current DrawdownCurrent decline from peak | -54.01% | -53.03% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -27.87% | -16.03% | -11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.08% | 30.87% | +3.21% |
Volatility
21XJ.DE vs. HDX1.DE - Volatility Comparison
21Shares Binance BNB ETP (21XJ.DE) has a higher volatility of 13.53% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 10.07%. This indicates that 21XJ.DE's price experiences larger fluctuations and is considered to be riskier than HDX1.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.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.53% | 10.07% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 32.59% | 32.86% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.90% | 43.43% | +4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.02% | 51.02% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 54.02% | 51.02% | +3.00% |
21XJ.DE vs. HDX1.DE - Expense Ratio Comparison
21XJ.DE has a 2.50% expense ratio, which is higher than HDX1.DE's 1.00% expense ratio.
Dividends
21XJ.DE vs. HDX1.DE - Dividend Comparison
Neither 21XJ.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
21XJ.DE and HDX1.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDX1.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDX1.DE is cheaper with a 1.00% expense ratio, compared with 2.50% for 21XJ.DE.
They also come from different issuers: 21Shares and Hashdex. Their fees differ too: 2.50% for 21XJ.DE and 1.00% for HDX1.DE.
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