BITC.DE vs. CDOT.DE
BITC.DE (CoinShares Physical Bitcoin (BTC) EUR ETP) and CDOT.DE (CoinShares Physical Staked Polkadot EUR ETP) are both Cryptocurrency funds from CoinShares. Both are actively managed. Over the past 3 years, BITC.DE returned 30.09%/yr vs -39.90%/yr for CDOT.DE. A 0.73 correlation means they provide meaningful diversification when combined. BITC.DE charges 0.25%/yr vs 0.00%/yr for CDOT.DE.
Performance
BITC.DE vs. CDOT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BITC.DE achieves a -26.37% return, which is significantly higher than CDOT.DE's -40.09% return.
BITC.DE
- 1D
- -3.77%
- 1M
- -20.90%
- YTD
- -26.37%
- 6M
- -28.12%
- 1Y
- -40.05%
- 3Y*
- 30.09%
- 5Y*
- —
- 10Y*
- —
CDOT.DE
- 1D
- -4.83%
- 1M
- -17.31%
- YTD
- -40.09%
- 6M
- -50.06%
- 1Y
- -72.88%
- 3Y*
- -39.90%
- 5Y*
- —
- 10Y*
- —
BITC.DE vs. CDOT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BITC.DE CoinShares Physical Bitcoin (BTC) EUR ETP | -26.37% | -16.94% | 129.58% | 149.42% | -54.80% |
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP | -40.09% | -75.15% | -10.53% | 101.17% | -75.42% |
Correlation
The correlation between BITC.DE and CDOT.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 | 0.72 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.73 |
The correlation between BITC.DE and CDOT.DE has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
BITC.DE vs. CDOT.DE — Risk / Return Rank
BITC.DE
CDOT.DE
BITC.DE vs. CDOT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) and CoinShares Physical Staked Polkadot EUR ETP (CDOT.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.
| BITC.DE | CDOT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.57 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.77 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.82 | -0.97 | +0.15 |
| Martin ratioReturn relative to average drawdown | -1.44 | -1.49 | +0.05 |
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
| BITC.DE | CDOT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -1.01 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | -0.60 | +0.83 |
Drawdowns
BITC.DE vs. CDOT.DE - Drawdown Comparison
The maximum BITC.DE drawdown since its inception was -74.39%, smaller than the maximum CDOT.DE drawdown of -94.66%. Use the drawdown chart below to compare losses from any high point for BITC.DE and CDOT.DE.
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Drawdown Indicators
| BITC.DE | CDOT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.39% | -94.66% | +20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -49.43% | -75.82% | +26.39% |
Max Drawdown (3Y)Largest decline over 3 years | -49.43% | -90.64% | +41.21% |
Current DrawdownCurrent decline from peak | -48.65% | -94.66% | +46.01% |
Average DrawdownAverage peak-to-trough decline | -32.19% | -70.87% | +38.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.17% | 49.28% | -21.11% |
Volatility
BITC.DE vs. CDOT.DE - Volatility Comparison
The current volatility for CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) is 9.92%, while CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) has a volatility of 16.86%. This indicates that BITC.DE experiences smaller price fluctuations and is considered to be less risky than CDOT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITC.DE | CDOT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.92% | 16.86% | -6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 31.32% | 51.99% | -20.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.71% | 72.57% | -31.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.73% | 77.58% | -24.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.73% | 77.58% | -24.85% |
BITC.DE vs. CDOT.DE - Expense Ratio Comparison
BITC.DE has a 0.25% expense ratio, which is higher than CDOT.DE's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BITC.DE vs. CDOT.DE - Dividend Comparison
Neither BITC.DE nor CDOT.DE has paid dividends to shareholders.
Frequently Asked Questions
BITC.DE and CDOT.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, CDOT.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CDOT.DE is cheaper with a 0.00% expense ratio, compared with 0.25% for BITC.DE.
Their fees differ too: 0.25% for BITC.DE and 0.00% for CDOT.DE.
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