2UNI.DE vs. HDX1.DE
2UNI.DE (21Shares Uniswap ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. 2UNI.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, 2UNI.DE returned -17.68%/yr vs 19.29%/yr for HDX1.DE. A 0.64 correlation means they provide meaningful diversification when combined. 2UNI.DE charges 2.50%/yr vs 1.00%/yr for HDX1.DE.
Performance
2UNI.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 2UNI.DE achieves a -38.13% return, which is significantly lower than HDX1.DE's -27.98% return.
2UNI.DE
- 1D
- 0.00%
- 1M
- 12.45%
- 6M
- -29.83%
- YTD
- -38.13%
- 1Y
- -59.56%
- 3Y*
- -17.68%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- 0.00%
- 1M
- 0.70%
- 6M
- -34.42%
- YTD
- -27.98%
- 1Y
- -47.81%
- 3Y*
- 19.29%
- 5Y*
- —
- 10Y*
- —
2UNI.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
2UNI.DE 21Shares Uniswap ETP | -38.13% | -61.02% | 80.81% | 41.60% | -21.50% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -27.98% | -21.32% | 108.60% | 133.00% | -26.82% |
Correlation
The correlation between 2UNI.DE and HDX1.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.64 |
The correlation between 2UNI.DE and HDX1.DE has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
2UNI.DE vs. HDX1.DE — Risk / Return Rank
2UNI.DE
HDX1.DE
2UNI.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Uniswap ETP (2UNI.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.
| 2UNI.DE | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.82 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | -0.85 | +0.10 |
| Martin ratioReturn relative to average drawdown | -1.04 | -1.33 | +0.29 |
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Drawdowns
2UNI.DE vs. HDX1.DE - Drawdown Comparison
The maximum 2UNI.DE drawdown since its inception was -88.25%, 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 2UNI.DE and HDX1.DE.
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Drawdown Indicators
| 2UNI.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.25% | -56.57% | -31.68% |
Max Drawdown (1Y)Largest decline over 1 year | -79.78% | -56.57% | -23.21% |
Max Drawdown (3Y)Largest decline over 3 years | -88.25% | -56.57% | -31.68% |
Current DrawdownCurrent decline from peak | -82.21% | -51.70% | -30.51% |
Average DrawdownAverage peak-to-trough decline | -52.58% | -17.04% | -35.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 57.24% | 35.94% | +21.30% |
Volatility
2UNI.DE vs. HDX1.DE - Volatility Comparison
21Shares Uniswap ETP (2UNI.DE) has a higher volatility of 19.07% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 10.36%. This indicates that 2UNI.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
| 2UNI.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.07% | 10.36% | +8.71% |
Volatility (6M)Calculated over the trailing 6-month period | 55.79% | 31.54% | +24.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 87.49% | 44.13% | +43.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 93.99% | 50.37% | +43.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 93.99% | 50.37% | +43.62% |
2UNI.DE vs. HDX1.DE - Expense Ratio Comparison
2UNI.DE has a 2.50% expense ratio, which is higher than HDX1.DE's 1.00% expense ratio.
Dividends
2UNI.DE vs. HDX1.DE - Dividend Comparison
Neither 2UNI.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
2UNI.DE and HDX1.DE have a correlation of 0.73, 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 2UNI.DE.
They also come from different issuers: 21Shares and Hashdex. Their fees differ too: 2.50% for 2UNI.DE and 1.00% for HDX1.DE.
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