2UNI.DE vs. ADA-USD

Last updated Jun 27, 2026

2UNI.DE (21Shares Uniswap ETP) is Cryptocurrency fund actively managed by 21Shares, while ADA-USD (Cardano) is a cryptocurrency. Over the past 3 years, 2UNI.DE returned -21.65%/yr vs -20.82%/yr for ADA-USD. At a 0.40 correlation, their price movements are largely independent.

Performance

2UNI.DE vs. ADA-USD - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Uniswap ETP (2UNI.DE) and Cardano (ADA-USD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

2UNI.DE is traded in EUR, while ADA-USD is traded in USD. To make them comparable, the ADA-USD values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both stocks are quite close, with 2UNI.DE having a -51.65% return and ADA-USD slightly lower at -54.13%.

2UNI.DE

• 1D: 0.00%
• 1M: -12.36%
• YTD: -51.65%
• 6M: -50.05%
• 1Y: -58.44%
• 3Y*: -21.65%
• 5Y*: —
• 10Y*: —

ADA-USD

• 1D: 3.03%
• 1M: -36.18%
• YTD: -54.13%
• 6M: -56.20%
• 1Y: -72.58%
• 3Y*: -20.82%
• 5Y*: -34.15%
• 10Y*: —

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

2UNI.DE vs. ADA-USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
2UNI.DE 21Shares Uniswap ETP	-51.65%	-61.02%	80.81%	41.60%	-54.15%
ADA-USD Cardano	-54.13%	-65.21%	47.78%	140.39%	-78.63%

Correlation

The correlation between 2UNI.DE and ADA-USD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.41
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022	0.40

Return for Risk

2UNI.DE vs. ADA-USD — Risk / Return Rank

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

2UNI.DE

2UNI.DE Risk / Return Rank: 4
2UNI.DE Sharpe Ratio Rank: 4
2UNI.DE Sortino Ratio Rank: 4
2UNI.DE Omega Ratio Rank: 4
2UNI.DE Calmar Ratio Rank: 3
2UNI.DE Martin Ratio Rank: 5

ADA-USD

ADA-USD Risk / Return Rank: 24
ADA-USD Sharpe Ratio Rank: 15
ADA-USD Sortino Ratio Rank: 18
ADA-USD Omega Ratio Rank: 23
ADA-USD Calmar Ratio Rank: 36
ADA-USD Martin Ratio Rank: 29

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.

2UNI.DE vs. ADA-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Uniswap ETP (2UNI.DE) and Cardano (ADA-USD). 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.

	2UNI.DE	ADA-USD	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	-0.96	+0.30
Sortino ratio: Return per unit of downside risk	-0.86	-1.80	+0.94
Omega ratio: Gain probability vs. loss probability	0.91	0.82	+0.08
Calmar ratio: Return relative to maximum drawdown	-0.73	-0.86	+0.12
Martin ratio: Return relative to average drawdown	-1.07	-1.30	+0.22

2UNI.DE vs. ADA-USD - Sharpe Ratio Comparison

The current 2UNI.DE Sharpe Ratio is -0.67, which is higher than the ADA-USD Sharpe Ratio of -0.96. The chart below compares the historical Sharpe Ratios of 2UNI.DE and ADA-USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

2UNI.DE vs. ADA-USD - Drawdown Comparison

The maximum 2UNI.DE drawdown since its inception was -88.25%, smaller than the maximum ADA-USD drawdown of -97.68%. Use the drawdown chart below to compare losses from any high point for 2UNI.DE and ADA-USD.

Drawdown Indicators

	2UNI.DE	ADA-USD	Difference
Max Drawdown Largest peak-to-trough decline	-88.25%	-97.68%	+9.43%
Max Drawdown (1Y) Largest decline over 1 year	-79.78%	-84.64%	+4.86%
Max Drawdown (3Y) Largest decline over 3 years	-88.25%	-89.15%	+0.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-94.95%	—
Current Drawdown Current decline from peak	-86.10%	-94.80%	+8.70%
Average Drawdown Average peak-to-trough decline	-52.15%	-76.41%	+24.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.47%	54.76%	-0.29%

Volatility

2UNI.DE vs. ADA-USD - Volatility Comparison

21Shares Uniswap ETP (2UNI.DE) and Cardano (ADA-USD) have volatilities of 24.64% and 23.72%, 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

	2UNI.DE	ADA-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.64%	23.72%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	56.54%	52.11%	+4.43%
Volatility (1Y) Calculated over the trailing 1-year period	87.87%	62.71%	+25.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.22%	74.70%	+19.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.22%	108.77%	-14.55%

Frequently Asked Questions

Can I hold both 2UNI.DE and ADA-USD in my portfolio?

2UNI.DE and ADA-USD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.