CDOT.DE vs. BITC.DE
CDOT.DE (CoinShares Physical Staked Polkadot EUR ETP) and BITC.DE (CoinShares Physical Bitcoin (BTC) EUR ETP) are both Cryptocurrency funds from CoinShares. Both are actively managed. Over the past 3 years, CDOT.DE returned -39.02%/yr vs 30.84%/yr for BITC.DE. A 0.73 correlation means they provide meaningful diversification when combined. CDOT.DE charges 0.00%/yr vs 0.25%/yr for BITC.DE.
Performance
CDOT.DE vs. BITC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CDOT.DE achieves a -37.05% return, which is significantly lower than BITC.DE's -23.49% return.
CDOT.DE
- 1D
- 2.61%
- 1M
- -7.97%
- YTD
- -37.05%
- 6M
- -50.39%
- 1Y
- -72.75%
- 3Y*
- -39.02%
- 5Y*
- —
- 10Y*
- —
BITC.DE
- 1D
- -0.87%
- 1M
- -16.07%
- YTD
- -23.49%
- 6M
- -28.16%
- 1Y
- -39.27%
- 3Y*
- 30.84%
- 5Y*
- —
- 10Y*
- —
CDOT.DE vs. BITC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP | -37.05% | -75.15% | -10.53% | 101.17% | -75.42% |
BITC.DE CoinShares Physical Bitcoin (BTC) EUR ETP | -23.49% | -16.94% | 129.58% | 149.42% | -54.80% |
Correlation
The correlation between CDOT.DE and BITC.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 CDOT.DE and BITC.DE has been stable across timeframes, ranging from 0.72 to 0.74 - a consistent structural relationship.
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Return for Risk
CDOT.DE vs. BITC.DE — Risk / Return Rank
CDOT.DE
BITC.DE
CDOT.DE vs. BITC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) and CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.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.
| CDOT.DE | BITC.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | -0.97 | -0.04 |
Sortino ratioReturn per unit of downside risk | -2.00 | -1.41 | -0.59 |
Omega ratioGain probability vs. loss probability | 0.78 | 0.85 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.79 | -0.17 |
Martin ratioReturn relative to average drawdown | -1.48 | -1.40 | -0.08 |
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
| CDOT.DE | BITC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -0.97 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | 0.25 | -0.84 |
Drawdowns
CDOT.DE vs. BITC.DE - Drawdown Comparison
The maximum CDOT.DE drawdown since its inception was -94.53%, which is greater than BITC.DE's maximum drawdown of -74.39%. Use the drawdown chart below to compare losses from any high point for CDOT.DE and BITC.DE.
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Drawdown Indicators
| CDOT.DE | BITC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.53% | -74.39% | -20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -75.24% | -49.43% | -25.81% |
Max Drawdown (3Y)Largest decline over 3 years | -90.42% | -49.43% | -40.99% |
Current DrawdownCurrent decline from peak | -94.38% | -46.63% | -47.75% |
Average DrawdownAverage peak-to-trough decline | -70.85% | -32.18% | -38.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.04% | 28.00% | +21.04% |
Volatility
CDOT.DE vs. BITC.DE - Volatility Comparison
CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) has a higher volatility of 16.51% compared to CoinShares Physical Bitcoin (BTC) EUR ETP (BITC.DE) at 9.52%. This indicates that CDOT.DE's price experiences larger fluctuations and is considered to be riskier than BITC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDOT.DE | BITC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.51% | 9.52% | +6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 51.83% | 31.12% | +20.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.57% | 40.66% | +31.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.58% | 52.73% | +24.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.58% | 52.73% | +24.85% |
CDOT.DE vs. BITC.DE - Expense Ratio Comparison
CDOT.DE has a 0.00% expense ratio, which is lower than BITC.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CDOT.DE vs. BITC.DE - Dividend Comparison
Neither CDOT.DE nor BITC.DE has paid dividends to shareholders.
Frequently Asked Questions
CDOT.DE and BITC.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: 0.00% for CDOT.DE and 0.25% for BITC.DE.
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