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CDOT.DE vs. BITC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

CDOT.DE vs. BITC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

CDOT.DE is traded in EUR, while BITC is traded in USD. To make them comparable, the BITC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CDOT.DE achieves a -38.66% return, which is significantly lower than BITC's 8.26% return.


CDOT.DE

1D
-4.16%
1M
-9.01%
YTD
-38.66%
6M
-50.96%
1Y
-72.37%
3Y*
-39.54%
5Y*
10Y*

BITC

1D
0.22%
1M
-3.62%
YTD
8.26%
6M
-0.68%
1Y
-16.78%
3Y*
32.41%
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

CDOT.DE vs. BITC - Yearly Performance Comparison


2026 (YTD)202520242023
CDOT.DE
CoinShares Physical Staked Polkadot EUR ETP
-38.66%-75.15%-10.53%36.16%
BITC
Bitwise Bitcoin Strategy Optimum Roll ETF
8.26%-29.90%110.92%38.84%

Correlation

The correlation between CDOT.DE and BITC is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.34

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Mar 22, 2023

0.46

The correlation between CDOT.DE and BITC shifts across timeframes, from 0.34 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

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Return for Risk

CDOT.DE vs. BITC — Risk / Return Rank

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

CDOT.DE
CDOT.DE Risk / Return Rank: 11
Overall Rank
CDOT.DE Sharpe Ratio Rank: 11
Sharpe Ratio Rank
CDOT.DE Sortino Ratio Rank: 11
Sortino Ratio Rank
CDOT.DE Omega Ratio Rank: 11
Omega Ratio Rank
CDOT.DE Calmar Ratio Rank: 11
Calmar Ratio Rank
CDOT.DE Martin Ratio Rank: 11
Martin Ratio Rank

BITC
BITC Risk / Return Rank: 44
Overall Rank
BITC Sharpe Ratio Rank: 44
Sharpe Ratio Rank
BITC Sortino Ratio Rank: 44
Sortino Ratio Rank
BITC Omega Ratio Rank: 33
Omega Ratio Rank
BITC Calmar Ratio Rank: 44
Calmar Ratio Rank
BITC Martin Ratio Rank: 55
Martin Ratio Rank
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.

CDOT.DE vs. BITC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) and Bitwise Bitcoin Strategy Optimum Roll ETF (BITC). 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.


CDOT.DEBITCDifference

Sharpe ratio

Return per unit of total volatility

-1.00

-0.65

-0.35

Sortino ratio

Return per unit of downside risk

-1.98

-0.81

-1.17

Omega ratio

Gain probability vs. loss probability

0.78

0.89

-0.11

Calmar ratio

Return relative to maximum drawdown

-0.98

-0.59

-0.38

Martin ratio

Return relative to average drawdown

-1.50

-0.92

-0.58

CDOT.DE vs. BITC - Sharpe Ratio Comparison

The current CDOT.DE Sharpe Ratio is -1.00, which is lower than the BITC Sharpe Ratio of -0.65. The chart below compares the historical Sharpe Ratios of CDOT.DE and BITC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


CDOT.DEBITCDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.00

-0.65

-0.35

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.59

0.60

-1.19

Drawdowns

CDOT.DE vs. BITC - Drawdown Comparison

The maximum CDOT.DE drawdown since its inception was -94.53%, which is greater than BITC's maximum drawdown of -40.54%. Use the drawdown chart below to compare losses from any high point for CDOT.DE and BITC.


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Drawdown Indicators


CDOT.DEBITCDifference

Max Drawdown

Largest peak-to-trough decline

-94.53%

-40.54%

-53.99%

Max Drawdown (1Y)

Largest decline over 1 year

-75.24%

-28.41%

-46.83%

Max Drawdown (3Y)

Largest decline over 3 years

-90.42%

-40.54%

-49.88%

Current Drawdown

Current decline from peak

-94.53%

-33.55%

-60.98%

Average Drawdown

Average peak-to-trough decline

-70.83%

-18.80%

-52.03%

Ulcer Index

Depth and duration of drawdowns from previous peaks

48.82%

18.26%

+30.56%

Volatility

CDOT.DE vs. BITC - Volatility Comparison

CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) has a higher volatility of 16.83% compared to Bitwise Bitcoin Strategy Optimum Roll ETF (BITC) at 6.49%. This indicates that CDOT.DE's price experiences larger fluctuations and is considered to be riskier than BITC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


CDOT.DEBITCDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.83%

6.49%

+10.34%

Volatility (6M)

Calculated over the trailing 6-month period

51.87%

20.51%

+31.36%

Volatility (1Y)

Calculated over the trailing 1-year period

72.60%

26.00%

+46.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

77.61%

47.49%

+30.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

77.61%

47.49%

+30.12%

CDOT.DE vs. BITC - Expense Ratio Comparison

CDOT.DE has a 0.00% expense ratio, which is lower than BITC's 0.88% expense ratio.


Dividends

CDOT.DE vs. BITC - Dividend Comparison

CDOT.DE has not paid dividends to shareholders, while BITC's dividend yield for the trailing twelve months is around 3.14%.


PositionTTM202520242023
BITC
Bitwise Bitcoin Strategy Optimum Roll ETF
3.14%3.36%42.68%5.82%
CDOT.DE
CoinShares Physical Staked Polkadot EUR ETP
0.00%0.00%0.00%0.00%

Frequently Asked Questions


CDOT.DE and BITC have a correlation of 0.34, 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 0.88% for BITC.

They also come from different issuers: CoinShares and Bitwise. Their fees differ too: 0.00% for CDOT.DE and 0.88% for BITC.

Portfolio Optimizer

Find the right allocation for CDOT.DE and BITC

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

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