ALC0.DE vs. VETH.DE
ALC0.DE (21Shares Algorand ETP) and VETH.DE (VanEck Ethereum ETN) are both Cryptocurrency funds. ALC0.DE is actively managed, while VETH.DE is passively managed. Over the past 3 years, ALC0.DE returned -15.06%/yr vs -4.01%/yr for VETH.DE. A 0.71 correlation means they provide meaningful diversification when combined. ALC0.DE charges 2.50%/yr vs 1.00%/yr for VETH.DE.
Performance
ALC0.DE vs. VETH.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 VETH.DE's -39.67% return.
ALC0.DE
- 1D
- -5.06%
- 1M
- -12.14%
- YTD
- -9.66%
- 6M
- -22.02%
- 1Y
- -47.46%
- 3Y*
- -15.06%
- 5Y*
- —
- 10Y*
- —
VETH.DE
- 1D
- -3.74%
- 1M
- -23.74%
- YTD
- -39.67%
- 6M
- -41.55%
- 1Y
- -32.43%
- 3Y*
- -4.01%
- 5Y*
- -7.06%
- 10Y*
- —
ALC0.DE vs. VETH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ALC0.DE 21Shares Algorand ETP | -9.66% | -69.17% | 40.48% | 38.07% | -79.03% |
VETH.DE VanEck Ethereum ETN | -39.67% | -21.95% | 52.69% | 89.80% | -62.57% |
Correlation
The correlation between ALC0.DE and VETH.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | 0.71 |
The correlation between ALC0.DE and VETH.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
ALC0.DE vs. VETH.DE — Risk / Return Rank
ALC0.DE
VETH.DE
ALC0.DE vs. VETH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Algorand ETP (ALC0.DE) and VanEck Ethereum ETN (VETH.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 | VETH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.94 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.55 | -0.11 |
| Martin ratioReturn relative to average drawdown | -0.97 | -0.93 | -0.04 |
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 | VETH.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.57 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.10 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | -0.02 | -0.43 |
Drawdowns
ALC0.DE vs. VETH.DE - Drawdown Comparison
The maximum ALC0.DE drawdown since its inception was -91.38%, which is greater than VETH.DE's maximum drawdown of -76.77%. Use the drawdown chart below to compare losses from any high point for ALC0.DE and VETH.DE.
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Drawdown Indicators
| ALC0.DE | VETH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.38% | -76.77% | -14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -73.56% | -61.72% | -11.84% |
Max Drawdown (3Y)Largest decline over 3 years | -87.32% | -64.62% | -22.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.77% | — |
Current DrawdownCurrent decline from peak | -89.02% | -64.08% | -24.94% |
Average DrawdownAverage peak-to-trough decline | -74.41% | -43.71% | -30.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 50.32% | 36.40% | +13.92% |
Volatility
ALC0.DE vs. VETH.DE - Volatility Comparison
21Shares Algorand ETP (ALC0.DE) has a higher volatility of 20.62% compared to VanEck Ethereum ETN (VETH.DE) at 10.16%. This indicates that ALC0.DE's price experiences larger fluctuations and is considered to be riskier than VETH.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 | VETH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.62% | 10.16% | +10.46% |
Volatility (6M)Calculated over the trailing 6-month period | 51.56% | 42.41% | +9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.05% | 59.68% | +15.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 89.03% | 68.20% | +20.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 89.03% | 71.44% | +17.59% |
ALC0.DE vs. VETH.DE - Expense Ratio Comparison
ALC0.DE has a 2.50% expense ratio, which is higher than VETH.DE's 1.00% expense ratio.
Dividends
ALC0.DE vs. VETH.DE - Dividend Comparison
Neither ALC0.DE nor VETH.DE has paid dividends to shareholders.
Frequently Asked Questions
ALC0.DE and VETH.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETH.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETH.DE is cheaper with a 1.00% expense ratio, compared with 2.50% for ALC0.DE.
They also come from different issuers: 21Shares and VanEck. Their fees differ too: 2.50% for ALC0.DE and 1.00% for VETH.DE.
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