CDOT.DE vs. BTC
CDOT.DE (CoinShares Physical Staked Polkadot EUR ETP) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, CDOT.DE returned -73.47% vs -40.60% for BTC. A 0.57 correlation means they provide meaningful diversification when combined. CDOT.DE charges 0.00%/yr vs 0.15%/yr for BTC.
Performance
CDOT.DE vs. BTC - Performance Comparison
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Different Trading Currencies
CDOT.DE is traded in EUR, while BTC is traded in USD. To make them comparable, the BTC 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 -40.09% return, which is significantly lower than BTC's -26.62% return.
CDOT.DE
- 1D
- -4.83%
- 1M
- -15.78%
- YTD
- -40.09%
- 6M
- -53.26%
- 1Y
- -73.47%
- 3Y*
- -39.90%
- 5Y*
- —
- 10Y*
- —
BTC
- 1D
- -2.94%
- 1M
- -21.69%
- YTD
- -26.62%
- 6M
- -31.23%
- 1Y
- -40.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDOT.DE vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP | -40.09% | -75.15% | 31.97% |
BTC Grayscale Bitcoin Mini Trust ETF | -26.62% | -18.48% | 51.28% |
Correlation
The correlation between CDOT.DE and BTC is 0.65, 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 | 0.65 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024 | 0.57 |
The correlation between CDOT.DE and BTC has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
CDOT.DE vs. BTC — Risk / Return Rank
CDOT.DE
BTC
CDOT.DE vs. BTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) and Grayscale Bitcoin Mini Trust ETF (BTC). 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 | BTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.85 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.82 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.49 | -1.43 | -0.06 |
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 | BTC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | -0.94 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | -0.11 | -0.49 |
Drawdowns
CDOT.DE vs. BTC - Drawdown Comparison
The maximum CDOT.DE drawdown since its inception was -94.66%, which is greater than BTC's maximum drawdown of -49.62%. Use the drawdown chart below to compare losses from any high point for CDOT.DE and BTC.
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Drawdown Indicators
| CDOT.DE | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.66% | -49.62% | -45.04% |
Max Drawdown (1Y)Largest decline over 1 year | -75.82% | -49.62% | -26.20% |
Max Drawdown (3Y)Largest decline over 3 years | -90.64% | — | — |
Current DrawdownCurrent decline from peak | -94.66% | -49.00% | -45.66% |
Average DrawdownAverage peak-to-trough decline | -70.87% | -17.66% | -53.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.28% | 28.43% | +20.85% |
Volatility
CDOT.DE vs. BTC - Volatility Comparison
CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) has a higher volatility of 16.86% compared to Grayscale Bitcoin Mini Trust ETF (BTC) at 9.03%. This indicates that CDOT.DE's price experiences larger fluctuations and is considered to be riskier than BTC 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 | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.86% | 9.03% | +7.83% |
Volatility (6M)Calculated over the trailing 6-month period | 51.99% | 33.76% | +18.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.57% | 43.40% | +29.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.58% | 48.57% | +29.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.58% | 48.57% | +29.01% |
CDOT.DE vs. BTC - Expense Ratio Comparison
CDOT.DE has a 0.00% expense ratio, which is lower than BTC's 0.15% 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. BTC - Dividend Comparison
Neither CDOT.DE nor BTC has paid dividends to shareholders.
Frequently Asked Questions
CDOT.DE and BTC have a correlation of 0.65, 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 0.15% for BTC.
They also come from different issuers: CoinShares and Grayscale. Their fees differ too: 0.00% for CDOT.DE and 0.15% for BTC.
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