CDOT.DE vs. ETH
CDOT.DE (CoinShares Physical Staked Polkadot EUR ETP) and ETH (Grayscale Ethereum Staking Mini ETF) are both Cryptocurrency funds. Both are actively managed. Over the past year, CDOT.DE returned -73.47% vs -32.97% for ETH. A 0.59 correlation means they provide meaningful diversification when combined. CDOT.DE charges 0.00%/yr vs 0.15%/yr for ETH.
Performance
CDOT.DE vs. ETH - Performance Comparison
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Different Trading Currencies
CDOT.DE is traded in EUR, while ETH is traded in USD. To make them comparable, the ETH values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with CDOT.DE having a -40.09% return and ETH slightly higher at -39.23%.
CDOT.DE
- 1D
- -4.83%
- 1M
- -15.78%
- YTD
- -40.09%
- 6M
- -53.26%
- 1Y
- -73.47%
- 3Y*
- -39.90%
- 5Y*
- —
- 10Y*
- —
ETH
- 1D
- -1.71%
- 1M
- -24.67%
- YTD
- -39.23%
- 6M
- -42.98%
- 1Y
- -32.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDOT.DE vs. ETH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP | -40.09% | -75.15% | 21.77% |
ETH Grayscale Ethereum Staking Mini ETF | -39.23% | -21.47% | 0.96% |
Correlation
The correlation between CDOT.DE and ETH is 0.64, 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 | 0.64 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2024 | 0.59 |
The correlation between CDOT.DE and ETH has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.
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Return for Risk
CDOT.DE vs. ETH — Risk / Return Rank
CDOT.DE
ETH
CDOT.DE vs. ETH - 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 Ethereum Staking Mini ETF (ETH). 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 | ETH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.96 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.53 | -0.44 |
| Martin ratioReturn relative to average drawdown | -1.49 | -0.88 | -0.61 |
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 | ETH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | -0.49 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | -0.45 | -0.15 |
Drawdowns
CDOT.DE vs. ETH - Drawdown Comparison
The maximum CDOT.DE drawdown since its inception was -94.66%, which is greater than ETH's maximum drawdown of -65.39%. Use the drawdown chart below to compare losses from any high point for CDOT.DE and ETH.
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Drawdown Indicators
| CDOT.DE | ETH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.66% | -65.39% | -29.27% |
Max Drawdown (1Y)Largest decline over 1 year | -75.82% | -62.65% | -13.17% |
Max Drawdown (3Y)Largest decline over 3 years | -90.64% | — | — |
Current DrawdownCurrent decline from peak | -94.66% | -62.65% | -32.01% |
Average DrawdownAverage peak-to-trough decline | -70.87% | -33.55% | -37.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.28% | 37.58% | +11.70% |
Volatility
CDOT.DE vs. ETH - Volatility Comparison
CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) has a higher volatility of 16.86% compared to Grayscale Ethereum Staking Mini ETF (ETH) at 9.50%. This indicates that CDOT.DE's price experiences larger fluctuations and is considered to be riskier than ETH 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 | ETH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.86% | 9.50% | +7.36% |
Volatility (6M)Calculated over the trailing 6-month period | 51.99% | 44.73% | +7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.57% | 67.51% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.58% | 72.52% | +5.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.58% | 72.52% | +5.06% |
CDOT.DE vs. ETH - Expense Ratio Comparison
CDOT.DE has a 0.00% expense ratio, which is lower than ETH'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. ETH - Dividend Comparison
Neither CDOT.DE nor ETH has paid dividends to shareholders.
Frequently Asked Questions
CDOT.DE and ETH have a correlation of 0.64, 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 ETH.
They also come from different issuers: CoinShares and Grayscale. Their fees differ too: 0.00% for CDOT.DE and 0.15% for ETH.
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