CDOT.DE vs. WGMI

Last updated Jun 5, 2026

CDOT.DE (CoinShares Physical Staked Polkadot EUR ETP) and WGMI (Valkyrie Bitcoin Miners ETF) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, CDOT.DE returned -39.90%/yr vs 83.51%/yr for WGMI. At a 0.38 correlation, their price movements are largely independent. CDOT.DE charges 0.00%/yr vs 0.75%/yr for WGMI.

Performance

CDOT.DE vs. WGMI - Performance Comparison

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

Different Trading Currencies

CDOT.DE is traded in EUR, while WGMI is traded in USD. To make them comparable, the WGMI 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 WGMI's 83.30% return.

CDOT.DE

• 1D: -4.83%
• 1M: -15.78%
• YTD: -40.09%
• 6M: -53.26%
• 1Y: -73.47%
• 3Y*: -39.90%
• 5Y*: —
• 10Y*: —

WGMI

• 1D: -2.05%
• 1M: 26.63%
• YTD: 83.30%
• 6M: 47.06%
• 1Y: 255.37%
• 3Y*: 83.51%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CDOT.DE vs. WGMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP	-40.09%	-75.15%	-10.53%	101.17%	-77.80%
WGMI Valkyrie Bitcoin Miners ETF	83.30%	52.00%	31.69%	291.96%	-82.37%

Correlation

The correlation between CDOT.DE and WGMI is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (All Time) Calculated using the full available price history since Feb 9, 2022	0.38

The correlation between CDOT.DE and WGMI shifts across timeframes, from 0.26 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CDOT.DE vs. WGMI — 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: 1
CDOT.DE Sharpe Ratio Rank: 1
CDOT.DE Sortino Ratio Rank: 1
CDOT.DE Omega Ratio Rank: 1
CDOT.DE Calmar Ratio Rank: 1
CDOT.DE Martin Ratio Rank: 1

WGMI

WGMI Risk / Return Rank: 77
WGMI Sharpe Ratio Rank: 93
WGMI Sortino Ratio Rank: 75
WGMI Omega Ratio Rank: 67
WGMI Calmar Ratio Rank: 88
WGMI Martin Ratio Rank: 60

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. WGMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) and Valkyrie Bitcoin Miners ETF (WGMI). 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	WGMI	Difference
Sharpe ratio: Return per unit of total volatility	-1.01	3.42	-4.43
Sortino ratio: Return per unit of downside risk	-2.05	3.26	-5.30
Omega ratio: Gain probability vs. loss probability	0.77	1.39	-0.62
Calmar ratio: Return relative to maximum drawdown	-0.97	5.13	-6.09
Martin ratio: Return relative to average drawdown	-1.49	10.18	-11.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CDOT.DE vs. WGMI - Sharpe Ratio Comparison

The current CDOT.DE Sharpe Ratio is -1.01, which is lower than the WGMI Sharpe Ratio of 3.42. The chart below compares the historical Sharpe Ratios of CDOT.DE and WGMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CDOT.DE	WGMI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.01	3.42	-4.43
Sharpe Ratio (All Time) Calculated using the full available price history	-0.60	0.30	-0.90

Drawdowns

CDOT.DE vs. WGMI - Drawdown Comparison

The maximum CDOT.DE drawdown since its inception was -94.66%, which is greater than WGMI's maximum drawdown of -85.04%. Use the drawdown chart below to compare losses from any high point for CDOT.DE and WGMI.

Drawdown Indicators

	CDOT.DE	WGMI	Difference
Max Drawdown Largest peak-to-trough decline	-94.66%	-85.04%	-9.62%
Max Drawdown (1Y) Largest decline over 1 year	-75.82%	-50.15%	-25.67%
Max Drawdown (3Y) Largest decline over 3 years	-90.64%	-65.10%	-25.54%
Current Drawdown Current decline from peak	-94.66%	-2.87%	-91.79%
Average Drawdown Average peak-to-trough decline	-70.87%	-42.26%	-28.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.28%	25.21%	+24.07%

Volatility

CDOT.DE vs. WGMI - Volatility Comparison

The current volatility for CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) is 16.86%, while Valkyrie Bitcoin Miners ETF (WGMI) has a volatility of 18.47%. This indicates that CDOT.DE experiences smaller price fluctuations and is considered to be less risky than WGMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CDOT.DE	WGMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.86%	18.47%	-1.61%
Volatility (6M) Calculated over the trailing 6-month period	51.99%	54.02%	-2.03%
Volatility (1Y) Calculated over the trailing 1-year period	72.57%	75.42%	-2.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.58%	80.26%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.58%	80.26%	-2.68%

CDOT.DE vs. WGMI - Expense Ratio Comparison

CDOT.DE has a 0.00% expense ratio, which is lower than WGMI's 0.75% expense ratio.

Dividends

CDOT.DE vs. WGMI - Dividend Comparison

Neither CDOT.DE nor WGMI has paid dividends to shareholders.

Position	TTM	2025	2024	2023
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP	0.00%	0.00%	0.00%	0.00%
WGMI Valkyrie Bitcoin Miners ETF	0.00%	0.00%	0.22%	0.31%

Frequently Asked Questions

Can I hold both CDOT.DE and WGMI in my portfolio?

CDOT.DE and WGMI have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CDOT.DE or WGMI?

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.

Which ETF is cheaper, CDOT.DE or WGMI?

CDOT.DE is cheaper with a 0.00% expense ratio, compared with 0.75% for WGMI.

What is the main difference between CDOT.DE and WGMI?

They also come from different issuers: CoinShares and Valkyrie. Their fees differ too: 0.00% for CDOT.DE and 0.75% for WGMI.