2UNI.DE vs. BNB-USD

Last updated Jun 27, 2026

2UNI.DE (21Shares Uniswap ETP) is Cryptocurrency fund actively managed by 21Shares, while BNB-USD (BNB) is a cryptocurrency. Over the past 3 years, 2UNI.DE returned -21.65%/yr vs 31.99%/yr for BNB-USD. At a 0.34 correlation, their price movements are largely independent.

Performance

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

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

Different Trading Currencies

2UNI.DE is traded in EUR, while BNB-USD is traded in USD. To make them comparable, the BNB-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 -51.65% return, which is significantly lower than BNB-USD's -32.23% return.

2UNI.DE

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

BNB-USD

• 1D: 1.19%
• 1M: -10.60%
• YTD: -32.23%
• 6M: -29.72%
• 1Y: -9.29%
• 3Y*: 31.99%
• 5Y*: 16.12%
• 10Y*: —

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

2UNI.DE vs. BNB-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%
BNB-USD BNB	-32.23%	8.59%	138.07%	23.88%	-43.75%

Correlation

The correlation between 2UNI.DE and BNB-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	0.35
Correlation (All Time) Calculated using the full available price history since Apr 6, 2022	0.34

Return for Risk

2UNI.DE vs. BNB-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

BNB-USD

BNB-USD Risk / Return Rank: 84
BNB-USD Sharpe Ratio Rank: 82
BNB-USD Sortino Ratio Rank: 81
BNB-USD Omega Ratio Rank: 81
BNB-USD Calmar Ratio Rank: 87
BNB-USD Martin Ratio Rank: 87

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. BNB-USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Uniswap ETP (2UNI.DE) and BNB (BNB-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	BNB-USD	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	-0.17	-0.50
Sortino ratio: Return per unit of downside risk	-0.86	0.13	-0.99
Omega ratio: Gain probability vs. loss probability	0.91	1.02	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.73	-0.17	-0.57
Martin ratio: Return relative to average drawdown	-1.07	-0.25	-0.82

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

The current 2UNI.DE Sharpe Ratio is -0.67, which is lower than the BNB-USD Sharpe Ratio of -0.17. The chart below compares the historical Sharpe Ratios of 2UNI.DE and BNB-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. BNB-USD - Drawdown Comparison

The maximum 2UNI.DE drawdown since its inception was -88.25%, which is greater than BNB-USD's maximum drawdown of -77.70%. Use the drawdown chart below to compare losses from any high point for 2UNI.DE and BNB-USD.

Drawdown Indicators

	2UNI.DE	BNB-USD	Difference
Max Drawdown Largest peak-to-trough decline	-88.25%	-77.70%	-10.55%
Max Drawdown (1Y) Largest decline over 1 year	-79.78%	-56.22%	-23.56%
Max Drawdown (3Y) Largest decline over 3 years	-88.25%	-56.22%	-32.03%
Max Drawdown (5Y) Largest decline over 5 years	—	-66.07%	—
Current Drawdown Current decline from peak	-86.10%	-55.70%	-30.40%
Average Drawdown Average peak-to-trough decline	-52.15%	-36.76%	-15.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	54.47%	36.68%	+17.79%

Volatility

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

21Shares Uniswap ETP (2UNI.DE) has a higher volatility of 24.64% compared to BNB (BNB-USD) at 16.68%. This indicates that 2UNI.DE's price experiences larger fluctuations and is considered to be riskier than BNB-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	2UNI.DE	BNB-USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.64%	16.68%	+7.96%
Volatility (6M) Calculated over the trailing 6-month period	56.54%	34.72%	+21.82%
Volatility (1Y) Calculated over the trailing 1-year period	87.87%	45.16%	+42.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.22%	49.13%	+45.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	94.22%	78.68%	+15.54%

Frequently Asked Questions

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

2UNI.DE and BNB-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.