21XL.DE vs. HDX1.DE
21XL.DE (21Shares Chainlink ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. 21XL.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, 21XL.DE returned 3.61%/yr vs 19.29%/yr for HDX1.DE. A 0.74 correlation means they provide meaningful diversification when combined. 21XL.DE charges 2.50%/yr vs 1.00%/yr for HDX1.DE.
Performance
21XL.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 21XL.DE achieves a -31.20% return, which is significantly lower than HDX1.DE's -27.98% return.
21XL.DE
- 1D
- 0.00%
- 1M
- 4.06%
- 6M
- -37.51%
- YTD
- -31.20%
- 1Y
- -51.08%
- 3Y*
- 3.61%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- 0.00%
- 1M
- 0.70%
- 6M
- -34.42%
- YTD
- -27.98%
- 1Y
- -47.81%
- 3Y*
- 19.29%
- 5Y*
- —
- 10Y*
- —
21XL.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
21XL.DE 21Shares Chainlink ETP | -31.20% | -48.85% | 35.52% | 175.51% | -24.85% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -27.98% | -21.32% | 108.60% | 133.00% | -26.82% |
Correlation
The correlation between 21XL.DE and HDX1.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.74 |
The correlation between 21XL.DE and HDX1.DE shifts across timeframes, from 0.74 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
21XL.DE vs. HDX1.DE — Risk / Return Rank
21XL.DE
HDX1.DE
21XL.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Chainlink ETP (21XL.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 21XL.DE | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.82 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.85 | +0.15 |
| Martin ratioReturn relative to average drawdown | -0.97 | -1.33 | +0.36 |
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Drawdowns
21XL.DE vs. HDX1.DE - Drawdown Comparison
The maximum 21XL.DE drawdown since its inception was -78.57%, which is greater than HDX1.DE's maximum drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for 21XL.DE and HDX1.DE.
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Drawdown Indicators
| 21XL.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.57% | -56.57% | -22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -72.90% | -56.57% | -16.33% |
Max Drawdown (3Y)Largest decline over 3 years | -78.57% | -56.57% | -22.00% |
Current DrawdownCurrent decline from peak | -74.78% | -51.70% | -23.08% |
Average DrawdownAverage peak-to-trough decline | -47.50% | -17.04% | -30.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 52.64% | 35.94% | +16.70% |
Volatility
21XL.DE vs. HDX1.DE - Volatility Comparison
21Shares Chainlink ETP (21XL.DE) has a higher volatility of 12.87% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 10.36%. This indicates that 21XL.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
| 21XL.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.87% | 10.36% | +2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 40.69% | 31.54% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.23% | 44.13% | +26.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.41% | 50.37% | +35.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.41% | 50.37% | +35.04% |
21XL.DE vs. HDX1.DE - Expense Ratio Comparison
21XL.DE has a 2.50% expense ratio, which is higher than HDX1.DE's 1.00% expense ratio.
Dividends
21XL.DE vs. HDX1.DE - Dividend Comparison
Neither 21XL.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
21XL.DE and HDX1.DE have a correlation of 0.88, 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 21XL.DE.
They also come from different issuers: 21Shares and Hashdex. Their fees differ too: 2.50% for 21XL.DE and 1.00% for HDX1.DE.
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