CDOT.DE vs. MSBT
CDOT.DE (CoinShares Physical Staked Polkadot EUR ETP) and MSBT (Morgan Stanley Bitcoin Trust) are both Cryptocurrency funds. CDOT.DE is actively managed, while MSBT is passively managed. A 0.53 correlation means they provide meaningful diversification when combined. CDOT.DE charges 0.00%/yr vs 0.14%/yr for MSBT.
Performance
CDOT.DE vs. MSBT - Performance Comparison
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Different Trading Currencies
CDOT.DE is traded in EUR, while MSBT is traded in USD. To make them comparable, the MSBT values have been converted to EUR using the latest available exchange rates.
Returns By Period
CDOT.DE
- 1D
- -4.83%
- 1M
- -15.78%
- YTD
- -40.09%
- 6M
- -53.26%
- 1Y
- -73.47%
- 3Y*
- -39.90%
- 5Y*
- —
- 10Y*
- —
MSBT
- 1D
- -2.91%
- 1M
- -21.64%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CDOT.DE vs. MSBT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP | -16.69% |
MSBT Morgan Stanley Bitcoin Trust | -10.55% |
Correlation
The correlation between CDOT.DE and MSBT is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026 | 0.53 |
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Return for Risk
CDOT.DE vs. MSBT — Risk / Return Rank
CDOT.DE
MSBT
CDOT.DE vs. MSBT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) and Morgan Stanley Bitcoin Trust (MSBT). 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 | MSBT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.77 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | — | — |
| Martin ratioReturn relative to average drawdown | -1.49 | — | — |
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 | MSBT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.60 | -1.55 | +0.95 |
Drawdowns
CDOT.DE vs. MSBT - Drawdown Comparison
The maximum CDOT.DE drawdown since its inception was -94.66%, which is greater than MSBT's maximum drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for CDOT.DE and MSBT.
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Drawdown Indicators
| CDOT.DE | MSBT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.66% | -21.64% | -73.02% |
Max Drawdown (1Y)Largest decline over 1 year | -75.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -90.64% | — | — |
Current DrawdownCurrent decline from peak | -94.66% | -21.64% | -73.02% |
Average DrawdownAverage peak-to-trough decline | -70.87% | -4.12% | -66.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.28% | — | — |
Volatility
CDOT.DE vs. MSBT - Volatility Comparison
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Volatility by Period
| CDOT.DE | MSBT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.86% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 51.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 72.57% | 33.04% | +39.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.58% | 33.04% | +44.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 77.58% | 33.04% | +44.54% |
CDOT.DE vs. MSBT - Expense Ratio Comparison
CDOT.DE has a 0.00% expense ratio, which is lower than MSBT's 0.14% 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. MSBT - Dividend Comparison
Neither CDOT.DE nor MSBT has paid dividends to shareholders.
Frequently Asked Questions
CDOT.DE and MSBT have a correlation of 0.53, 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 0.14% for MSBT.
They also come from different issuers: CoinShares and Morgan Stanley. Their fees differ too: 0.00% for CDOT.DE and 0.14% for MSBT.
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