CCHA.DE vs. CETH.DE

Last updated Apr 2, 2026

Compare and contrast key facts about CoinShares Physical Chainlink ETP (CCHA.DE) and CoinShares Physical Ethereum (ETH) (CETH.DE).

CCHA.DE and CETH.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CCHA.DE is an actively managed fund by CoinShares. It was launched on May 4, 2022. CETH.DE is an actively managed fund by CoinShares. It was launched on Feb 23, 2021.

Performance

CCHA.DE vs. CETH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Chainlink ETP (CCHA.DE) and CoinShares Physical Ethereum (ETH) (CETH.DE). The values are adjusted to include any dividend payments, if applicable.

CCHA.DE vs. CETH.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CCHA.DE CoinShares Physical Chainlink ETP	-27.16%	-48.45%	37.05%	178.07%	-51.77%
CETH.DE CoinShares Physical Ethereum (ETH)	-27.34%	-21.13%	53.89%	91.46%	-58.49%

Returns By Period

The year-to-date returns for both stocks are quite close, with CCHA.DE having a -27.16% return and CETH.DE slightly lower at -27.34%.

CCHA.DE

• 1D: 2.98%
• 1M: -0.65%
• YTD: -27.16%
• 6M: -59.85%
• 1Y: -42.32%
• 3Y*: 1.90%
• 5Y*: —
• 10Y*: —

CETH.DE

• 1D: 2.74%
• 1M: 4.95%
• YTD: -27.34%
• 6M: -50.04%
• 1Y: 5.00%
• 3Y*: 3.88%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CCHA.DE vs. CETH.DE - Expense Ratio Comparison

CCHA.DE has a 1.50% expense ratio, which is higher than CETH.DE's 0.00% expense ratio.

CCHA.DE

CoinShares Physical Chainlink ETP

CETH.DE

CoinShares Physical Ethereum (ETH)

Return for Risk

CCHA.DE vs. CETH.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CCHA.DE

CCHA.DE Risk / Return Rank: 4
CCHA.DE Sharpe Ratio Rank: 4
CCHA.DE Sortino Ratio Rank: 5
CCHA.DE Omega Ratio Rank: 5
CCHA.DE Calmar Ratio Rank: 3
CCHA.DE Martin Ratio Rank: 3

CETH.DE

CETH.DE Risk / Return Rank: 15
CETH.DE Sharpe Ratio Rank: 13
CETH.DE Sortino Ratio Rank: 20
CETH.DE Omega Ratio Rank: 18
CETH.DE Calmar Ratio Rank: 13
CETH.DE Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CCHA.DE vs. CETH.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Chainlink ETP (CCHA.DE) and CoinShares Physical Ethereum (ETH) (CETH.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.

	CCHA.DE	CETH.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.55	0.08	-0.62
Sortino ratio Return per unit of downside risk	-0.49	0.59	-1.08
Omega ratio Gain probability vs. loss probability	0.95	1.07	-0.12
Calmar ratio Return relative to maximum drawdown	-0.60	0.10	-0.69
Martin ratio Return relative to average drawdown	-1.06	0.20	-1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CCHA.DE vs. CETH.DE - Sharpe Ratio Comparison

The current CCHA.DE Sharpe Ratio is -0.55, which is lower than the CETH.DE Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of CCHA.DE and CETH.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CCHA.DE	CETH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	0.08	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	-0.10	-0.06	-0.04

Correlation

The correlation between CCHA.DE and CETH.DE is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

CCHA.DE vs. CETH.DE - Dividend Comparison

Neither CCHA.DE nor CETH.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CCHA.DE vs. CETH.DE - Drawdown Comparison

The maximum CCHA.DE drawdown since its inception was -75.76%, roughly equal to the maximum CETH.DE drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for CCHA.DE and CETH.DE.

Drawdown Indicators

	CCHA.DE	CETH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-75.76%	-76.74%	+0.98%
Max Drawdown (1Y) Largest decline over 1 year	-69.60%	-60.73%	-8.87%
Current Drawdown Current decline from peak	-72.96%	-55.60%	-17.36%
Average Drawdown Average peak-to-trough decline	-37.84%	-42.52%	+4.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	38.92%	29.08%	+9.84%

Volatility

CCHA.DE vs. CETH.DE - Volatility Comparison

CoinShares Physical Chainlink ETP (CCHA.DE) and CoinShares Physical Ethereum (ETH) (CETH.DE) have volatilities of 16.88% and 17.48%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CCHA.DE	CETH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.88%	17.48%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	51.55%	45.49%	+6.06%
Volatility (1Y) Calculated over the trailing 1-year period	77.52%	65.40%	+12.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	86.68%	68.36%	+18.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	86.68%	68.36%	+18.32%