21XJ.DE vs. HDXM.DE

Last updated Apr 2, 2026

Compare and contrast key facts about 21Shares Binance BNB ETP (21XJ.DE) and Hashdex Crypto Momentum Factor ETN (HDXM.DE).

21XJ.DE and HDXM.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 21XJ.DE is an actively managed fund by 21Shares. It was launched on Oct 14, 2019. HDXM.DE is a passively managed fund by Hashdex that tracks the performance of the Kaiko Hashdex Risk Parity Momentum Crypto Index. It was launched on Nov 1, 2022.

Performance

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

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Binance BNB ETP (21XJ.DE) and Hashdex Crypto Momentum Factor ETN (HDXM.DE). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
21XJ.DE 21Shares Binance BNB ETP	-27.93%	6.81%	124.46%	23.94%	-38.79%
HDXM.DE Hashdex Crypto Momentum Factor ETN	-17.42%	-35.51%	65.37%	130.19%	-31.57%

Returns By Period

In the year-to-date period, 21XJ.DE achieves a -27.93% return, which is significantly lower than HDXM.DE's -17.42% return.

21XJ.DE

• 1D: 0.04%
• 1M: -4.62%
• YTD: -27.93%
• 6M: -40.01%
• 1Y: -9.17%
• 3Y*: 18.88%
• 5Y*: —
• 10Y*: —

HDXM.DE

• 1D: 1.40%
• 1M: 3.07%
• YTD: -17.42%
• 6M: -45.85%
• 1Y: -28.59%
• 3Y*: 12.95%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

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

21XJ.DE has a 2.50% expense ratio, which is higher than HDXM.DE's 1.49% expense ratio.

21XJ.DE

21Shares Binance BNB ETP

HDXM.DE

Hashdex Crypto Momentum Factor ETN

Return for Risk

21XJ.DE vs. HDXM.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: 9
21XJ.DE Sharpe Ratio Rank: 8
21XJ.DE Sortino Ratio Rank: 10
21XJ.DE Omega Ratio Rank: 10
21XJ.DE Calmar Ratio Rank: 9
21XJ.DE Martin Ratio Rank: 10

HDXM.DE

HDXM.DE Risk / Return Rank: 3
HDXM.DE Sharpe Ratio Rank: 3
HDXM.DE Sortino Ratio Rank: 3
HDXM.DE Omega Ratio Rank: 4
HDXM.DE Calmar Ratio Rank: 4
HDXM.DE Martin Ratio Rank: 4

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. HDXM.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Binance BNB ETP (21XJ.DE) and Hashdex Crypto Momentum Factor ETN (HDXM.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	HDXM.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.19	-0.62	+0.42
Sortino ratio Return per unit of downside risk	0.05	-0.68	+0.73
Omega ratio Gain probability vs. loss probability	1.01	0.92	+0.08
Calmar ratio Return relative to maximum drawdown	-0.14	-0.54	+0.39
Martin ratio Return relative to average drawdown	-0.30	-1.02	+0.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current 21XJ.DE Sharpe Ratio is -0.19, which is higher than the HDXM.DE Sharpe Ratio of -0.62. The chart below compares the historical Sharpe Ratios of 21XJ.DE and HDXM.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	21XJ.DE	HDXM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-0.62	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	0.19	-0.09

Correlation

The correlation between 21XJ.DE and HDXM.DE is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

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

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

Tickers have no history of dividend payments

Drawdowns

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

The maximum 21XJ.DE drawdown since its inception was -55.88%, smaller than the maximum HDXM.DE drawdown of -62.68%. Use the drawdown chart below to compare losses from any high point for 21XJ.DE and HDXM.DE.

Drawdown Indicators

	21XJ.DE	HDXM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-55.88%	-62.68%	+6.80%
Max Drawdown (1Y) Largest decline over 1 year	-55.88%	-53.24%	-2.64%
Current Drawdown Current decline from peak	-53.04%	-59.55%	+6.51%
Average Drawdown Average peak-to-trough decline	-26.85%	-23.80%	-3.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.66%	28.15%	-1.49%

Volatility

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

21Shares Binance BNB ETP (21XJ.DE) and Hashdex Crypto Momentum Factor ETN (HDXM.DE) have volatilities of 10.01% and 9.70%, 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.

Volatility by Period

	21XJ.DE	HDXM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.01%	9.70%	+0.31%
Volatility (6M) Calculated over the trailing 6-month period	38.89%	33.52%	+5.37%
Volatility (1Y) Calculated over the trailing 1-year period	47.27%	46.35%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.50%	53.59%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.50%	53.59%	+0.91%