CIWP.DE vs. CSDA.DE

Last updated Apr 2, 2026

Compare and contrast key facts about CoinShares Physical Uniswap EUR ETP (CIWP.DE) and CoinShares Physical Staked Cardano EUR (CSDA.DE).

CIWP.DE and CSDA.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CIWP.DE is an actively managed fund by CoinShares. It was launched on May 4, 2022. CSDA.DE is an actively managed fund by CoinShares. It was launched on Mar 11, 2022.

Performance

CIWP.DE vs. CSDA.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Uniswap EUR ETP (CIWP.DE) and CoinShares Physical Staked Cardano EUR (CSDA.DE). The values are adjusted to include any dividend payments, if applicable.

CIWP.DE vs. CSDA.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
CIWP.DE CoinShares Physical Uniswap EUR ETP	-38.89%	-60.70%	82.28%	43.15%	-29.71%
CSDA.DE CoinShares Physical Staked Cardano EUR	-28.06%	-63.21%	50.69%	155.13%	-70.38%

Returns By Period

In the year-to-date period, CIWP.DE achieves a -38.89% return, which is significantly lower than CSDA.DE's -28.06% return.

CIWP.DE

• 1D: 1.70%
• 1M: -8.49%
• YTD: -38.89%
• 6M: -54.64%
• 1Y: -47.25%
• 3Y*: -18.94%
• 5Y*: —
• 10Y*: —

CSDA.DE

• 1D: 3.28%
• 1M: -11.71%
• YTD: -28.06%
• 6M: -69.75%
• 1Y: -65.66%
• 3Y*: -14.96%
• 5Y*: —
• 10Y*: —

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

CIWP.DE vs. CSDA.DE - Expense Ratio Comparison

CIWP.DE has a 1.50% expense ratio, which is higher than CSDA.DE's 0.00% expense ratio.

CIWP.DE

CoinShares Physical Uniswap EUR ETP

CSDA.DE

CoinShares Physical Staked Cardano EUR

Return for Risk

CIWP.DE vs. CSDA.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CIWP.DE

CIWP.DE Risk / Return Rank: 4
CIWP.DE Sharpe Ratio Rank: 4
CIWP.DE Sortino Ratio Rank: 6
CIWP.DE Omega Ratio Rank: 6
CIWP.DE Calmar Ratio Rank: 2
CIWP.DE Martin Ratio Rank: 3

CSDA.DE

CSDA.DE Risk / Return Rank: 1
CSDA.DE Sharpe Ratio Rank: 1
CSDA.DE Sortino Ratio Rank: 1
CSDA.DE Omega Ratio Rank: 1
CSDA.DE Calmar Ratio Rank: 1
CSDA.DE Martin Ratio Rank: 1

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.

CIWP.DE vs. CSDA.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Uniswap EUR ETP (CIWP.DE) and CoinShares Physical Staked Cardano EUR (CSDA.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.

	CIWP.DE	CSDA.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.49	-0.89	+0.40
Sortino ratio Return per unit of downside risk	-0.32	-1.55	+1.23
Omega ratio Gain probability vs. loss probability	0.96	0.84	+0.13
Calmar ratio Return relative to maximum drawdown	-0.64	-0.90	+0.26
Martin ratio Return relative to average drawdown	-1.12	-1.58	+0.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CIWP.DE vs. CSDA.DE - Sharpe Ratio Comparison

The current CIWP.DE Sharpe Ratio is -0.49, which is higher than the CSDA.DE Sharpe Ratio of -0.89. The chart below compares the historical Sharpe Ratios of CIWP.DE and CSDA.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CIWP.DE	CSDA.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	-0.89	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	-0.28	+0.09

Correlation

The correlation between CIWP.DE and CSDA.DE is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CIWP.DE vs. CSDA.DE - Dividend Comparison

Neither CIWP.DE nor CSDA.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

CIWP.DE vs. CSDA.DE - Drawdown Comparison

The maximum CIWP.DE drawdown since its inception was -84.45%, roughly equal to the maximum CSDA.DE drawdown of -81.86%. Use the drawdown chart below to compare losses from any high point for CIWP.DE and CSDA.DE.

Drawdown Indicators

	CIWP.DE	CSDA.DE	Difference
Max Drawdown Largest peak-to-trough decline	-84.45%	-81.86%	-2.59%
Max Drawdown (1Y) Largest decline over 1 year	-73.24%	-73.48%	+0.24%
Current Drawdown Current decline from peak	-82.40%	-81.26%	-1.14%
Average Drawdown Average peak-to-trough decline	-46.55%	-57.19%	+10.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.79%	41.70%	+0.09%

Volatility

CIWP.DE vs. CSDA.DE - Volatility Comparison

CoinShares Physical Uniswap EUR ETP (CIWP.DE) and CoinShares Physical Staked Cardano EUR (CSDA.DE) have volatilities of 16.06% and 16.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CIWP.DE	CSDA.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.06%	16.68%	-0.62%
Volatility (6M) Calculated over the trailing 6-month period	66.64%	52.29%	+14.35%
Volatility (1Y) Calculated over the trailing 1-year period	95.30%	73.44%	+21.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	95.56%	84.39%	+11.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	95.56%	84.39%	+11.17%