ADAA.DE vs. ADA-USD
ADAA.DE (21Shares Cardano ETP EUR) is Cryptocurrency fund actively managed by 21Shares, while ADA-USD (Cardano) is a cryptocurrency. Over the past 3 years, ADAA.DE returned -23.61%/yr vs -24.83%/yr for ADA-USD. A 0.56 correlation means they provide meaningful diversification when combined.
Performance
ADAA.DE vs. ADA-USD - Performance Comparison
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Different Trading Currencies
ADAA.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
In the year-to-date period, ADAA.DE achieves a -45.85% return, which is significantly higher than ADA-USD's -50.50% return.
ADAA.DE
- 1D
- -10.39%
- 1M
- -27.83%
- YTD
- -45.85%
- 6M
- -54.76%
- 1Y
- -72.88%
- 3Y*
- -23.61%
- 5Y*
- —
- 10Y*
- —
ADA-USD
- 1D
- -9.30%
- 1M
- -38.23%
- YTD
- -50.50%
- 6M
- -60.73%
- 1Y
- -74.36%
- 3Y*
- -24.83%
- 5Y*
- -36.92%
- 10Y*
- —
ADAA.DE vs. ADA-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ADAA.DE 21Shares Cardano ETP EUR | -45.85% | -64.87% | 44.02% | 143.17% | -81.68% | -36.74% |
ADA-USD Cardano | -50.50% | -65.21% | 47.78% | 140.39% | -80.07% | -41.97% |
Correlation
The correlation between ADAA.DE and ADA-USD is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.56 |
The correlation between ADAA.DE and ADA-USD has been stable across timeframes, ranging from 0.55 to 0.57 - a consistent structural relationship.
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Return for Risk
ADAA.DE vs. ADA-USD — Risk / Return Rank
ADAA.DE
ADA-USD
ADAA.DE vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Cardano ETP EUR (ADAA.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.
| ADAA.DE | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.81 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.90 | -0.02 |
| Martin ratioReturn relative to average drawdown | -1.43 | -1.41 | -0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ADAA.DE | ADA-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.06 | -0.99 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.50 | 0.16 | -0.66 |
Drawdowns
ADAA.DE vs. ADA-USD - Drawdown Comparison
The maximum ADAA.DE drawdown since its inception was -92.64%, smaller than the maximum ADA-USD drawdown of -97.68%. Use the drawdown chart below to compare losses from any high point for ADAA.DE and ADA-USD.
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Drawdown Indicators
| ADAA.DE | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.64% | -97.68% | +5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -79.76% | -82.92% | +3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -86.46% | -87.94% | +1.48% |
Max Drawdown (5Y)Largest decline over 5 years | — | -94.39% | — |
Current DrawdownCurrent decline from peak | -92.64% | -94.39% | +1.75% |
Average DrawdownAverage peak-to-trough decline | -73.65% | -76.32% | +2.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.35% | 59.25% | -7.90% |
Volatility
ADAA.DE vs. ADA-USD - Volatility Comparison
The current volatility for 21Shares Cardano ETP EUR (ADAA.DE) is 16.03%, while Cardano (ADA-USD) has a volatility of 18.46%. This indicates that ADAA.DE experiences smaller price fluctuations and is considered to be less risky than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ADAA.DE | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.03% | 18.46% | -2.43% |
Volatility (6M)Calculated over the trailing 6-month period | 48.29% | 52.20% | -3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.49% | 62.63% | +6.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.40% | 75.16% | +8.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.40% | 108.78% | -25.38% |
Frequently Asked Questions
ADAA.DE and ADA-USD have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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