2UNI.DE vs. ATOM-USD

Last updated Jun 5, 2026

2UNI.DE (21Shares Uniswap ETP) is Cryptocurrency fund actively managed by 21Shares, while ATOM-USD (Cosmos) is a cryptocurrency. Over the past 3 years, 2UNI.DE returned -22.20%/yr vs -46.53%/yr for ATOM-USD. At a 0.37 correlation, their price movements are largely independent.

Performance

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

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, 2UNI.DE achieves a -55.01% return, which is significantly lower than ATOM-USD's -11.48% return.

2UNI.DE

• 1D: -7.36%
• 1M: -21.31%
• YTD: -55.01%
• 6M: -52.51%
• 1Y: -59.52%
• 3Y*: -22.20%
• 5Y*: —
• 10Y*: —

ATOM-USD

• 1D: -6.78%
• 1M: -10.36%
• YTD: -11.48%
• 6M: -23.17%
• 1Y: -59.32%
• 3Y*: -46.53%
• 5Y*: -34.88%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
2UNI.DE 21Shares Uniswap ETP	-55.01%	-61.02%	80.81%	41.60%	-51.05%
ATOM-USD Cosmos	-11.48%	-72.51%	-40.10%	13.70%	-64.55%

Correlation

The correlation between 2UNI.DE and ATOM-USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022	0.37

Return for Risk

2UNI.DE vs. ATOM-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: 3
2UNI.DE Sharpe Ratio Rank: 4
2UNI.DE Sortino Ratio Rank: 4
2UNI.DE Omega Ratio Rank: 4
2UNI.DE Calmar Ratio Rank: 2
2UNI.DE Martin Ratio Rank: 3

ATOM-USD

ATOM-USD Risk / Return Rank: 34
ATOM-USD Sharpe Ratio Rank: 22
ATOM-USD Sortino Ratio Rank: 33
ATOM-USD Omega Ratio Rank: 34
ATOM-USD Calmar Ratio Rank: 38
ATOM-USD Martin Ratio Rank: 42

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. ATOM-USD - Risk-Adjusted Trends Comparison

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

	2UNI.DE	ATOM-USD	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	-0.88	+0.23
Sortino ratio: Return per unit of downside risk	-0.82	-1.33	+0.51
Omega ratio: Gain probability vs. loss probability	0.91	0.86	+0.05
Calmar ratio: Return relative to maximum drawdown	-0.77	-0.87	+0.11
Martin ratio: Return relative to average drawdown	-1.16	-1.25	+0.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current 2UNI.DE Sharpe Ratio is -0.65, which is comparable to the ATOM-USD Sharpe Ratio of -0.88. The chart below compares the historical Sharpe Ratios of 2UNI.DE and ATOM-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.

Sharpe Ratios by Period

	2UNI.DE	ATOM-USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.65	-0.88	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.39	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.32	-0.17	-0.16

Drawdowns

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

The maximum 2UNI.DE drawdown since its inception was -87.06%, smaller than the maximum ATOM-USD drawdown of -96.17%. Use the drawdown chart below to compare losses from any high point for 2UNI.DE and ATOM-USD.

Drawdown Indicators

	2UNI.DE	ATOM-USD	Difference
Max Drawdown Largest peak-to-trough decline	-87.06%	-96.17%	+9.11%
Max Drawdown (1Y) Largest decline over 1 year	-77.73%	-67.85%	-9.88%
Max Drawdown (3Y) Largest decline over 3 years	-87.06%	-89.04%	+1.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-96.17%	—
Current Drawdown Current decline from peak	-87.06%	-96.12%	+9.06%
Average Drawdown Average peak-to-trough decline	-50.03%	-63.37%	+13.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.37%	48.30%	+3.07%

Volatility

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

21Shares Uniswap ETP (2UNI.DE) has a higher volatility of 22.48% compared to Cosmos (ATOM-USD) at 17.02%. This indicates that 2UNI.DE's price experiences larger fluctuations and is considered to be riskier than ATOM-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2UNI.DE	ATOM-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.48%	17.02%	+5.46%
Volatility (6M) Calculated over the trailing 6-month period	55.88%	42.86%	+13.02%
Volatility (1Y) Calculated over the trailing 1-year period	91.79%	55.88%	+35.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.29%	74.67%	+19.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.29%	88.54%	+5.75%

Frequently Asked Questions

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

2UNI.DE and ATOM-USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.