ALC0.DE vs. CSSC.DE
ALC0.DE (21Shares Algorand ETP) and CSSC.DE (CoinShares Physical Smart Contract Platform ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ALC0.DE returned -15.06%/yr vs 6.55%/yr for CSSC.DE. A 0.80 correlation means they provide meaningful diversification when combined. ALC0.DE charges 2.50%/yr vs 0.00%/yr for CSSC.DE.
Performance
ALC0.DE vs. CSSC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ALC0.DE achieves a -9.66% return, which is significantly higher than CSSC.DE's -31.24% return.
ALC0.DE
- 1D
- -5.06%
- 1M
- -12.14%
- YTD
- -9.66%
- 6M
- -22.02%
- 1Y
- -47.46%
- 3Y*
- -15.06%
- 5Y*
- —
- 10Y*
- —
CSSC.DE
- 1D
- -4.53%
- 1M
- -16.01%
- YTD
- -31.24%
- 6M
- -35.65%
- 1Y
- -38.66%
- 3Y*
- 6.55%
- 5Y*
- —
- 10Y*
- —
ALC0.DE vs. CSSC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ALC0.DE 21Shares Algorand ETP | -9.66% | -69.17% | 40.48% | 16.03% |
CSSC.DE CoinShares Physical Smart Contract Platform ETP | -31.24% | -35.55% | 50.17% | 86.11% |
Correlation
The correlation between ALC0.DE and CSSC.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.80 |
The correlation between ALC0.DE and CSSC.DE has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
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Return for Risk
ALC0.DE vs. CSSC.DE — Risk / Return Rank
ALC0.DE
CSSC.DE
ALC0.DE vs. CSSC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Algorand ETP (ALC0.DE) and CoinShares Physical Smart Contract Platform ETP (CSSC.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.
| ALC0.DE | CSSC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.90 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.65 | -0.01 |
| Martin ratioReturn relative to average drawdown | -0.97 | -1.04 | +0.06 |
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
| ALC0.DE | CSSC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.74 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.12 | -0.57 |
Drawdowns
ALC0.DE vs. CSSC.DE - Drawdown Comparison
The maximum ALC0.DE drawdown since its inception was -91.38%, which is greater than CSSC.DE's maximum drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for ALC0.DE and CSSC.DE.
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Drawdown Indicators
| ALC0.DE | CSSC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -65.21% | -26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -73.56% | -61.70% | -11.86% |
Max Drawdown (3Y)Largest decline over 3 years | -87.32% | -65.21% | -22.11% |
Current DrawdownCurrent decline from peak | -89.02% | -64.95% | -24.07% |
Average DrawdownAverage peak-to-trough decline | -74.41% | -28.09% | -46.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.32% | 38.93% | +11.39% |
Volatility
ALC0.DE vs. CSSC.DE - Volatility Comparison
21Shares Algorand ETP (ALC0.DE) has a higher volatility of 20.62% compared to CoinShares Physical Smart Contract Platform ETP (CSSC.DE) at 10.56%. This indicates that ALC0.DE's price experiences larger fluctuations and is considered to be riskier than CSSC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALC0.DE | CSSC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.62% | 10.56% | +10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 51.56% | 36.99% | +14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.05% | 54.25% | +20.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.03% | 59.64% | +29.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.03% | 59.64% | +29.39% |
ALC0.DE vs. CSSC.DE - Expense Ratio Comparison
ALC0.DE has a 2.50% expense ratio, which is higher than CSSC.DE's 0.00% expense ratio.
Dividends
ALC0.DE vs. CSSC.DE - Dividend Comparison
Neither ALC0.DE nor CSSC.DE has paid dividends to shareholders.
Frequently Asked Questions
ALC0.DE and CSSC.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSC.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSC.DE is cheaper with a 0.00% expense ratio, compared with 2.50% for ALC0.DE.
They also come from different issuers: 21Shares and CoinShares. Their fees differ too: 2.50% for ALC0.DE and 0.00% for CSSC.DE.
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