CIWP.DE vs. HDX1.DE
CIWP.DE (CoinShares Physical Uniswap EUR ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. CIWP.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, CIWP.DE returned -21.43%/yr vs 19.62%/yr for HDX1.DE. A 0.65 correlation means they provide meaningful diversification when combined. CIWP.DE charges 1.50%/yr vs 1.00%/yr for HDX1.DE.
Performance
CIWP.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CIWP.DE achieves a -54.69% return, which is significantly lower than HDX1.DE's -29.97% return.
CIWP.DE
- 1D
- -7.37%
- 1M
- -21.15%
- YTD
- -54.69%
- 6M
- -52.29%
- 1Y
- -59.04%
- 3Y*
- -21.43%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
CIWP.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CIWP.DE CoinShares Physical Uniswap EUR ETP | -54.69% | -60.70% | 82.28% | 43.15% | -23.81% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
Correlation
The correlation between CIWP.DE and HDX1.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.65 |
The correlation between CIWP.DE and HDX1.DE shifts across timeframes, from 0.65 (all time) to 0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CIWP.DE vs. HDX1.DE — Risk / Return Rank
CIWP.DE
HDX1.DE
CIWP.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Uniswap EUR ETP (CIWP.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.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 | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.85 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.79 | +0.02 |
| Martin ratioReturn relative to average drawdown | -1.16 | -1.36 | +0.20 |
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
| CIWP.DE | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.65 | -0.96 | +0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.39 | -0.64 |
Drawdowns
CIWP.DE vs. HDX1.DE - Drawdown Comparison
The maximum CIWP.DE drawdown since its inception was -86.95%, which is greater than HDX1.DE's maximum drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for CIWP.DE and HDX1.DE.
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Drawdown Indicators
| CIWP.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.95% | -53.03% | -33.92% |
Max Drawdown (1Y)Largest decline over 1 year | -77.55% | -53.03% | -24.52% |
Max Drawdown (3Y)Largest decline over 3 years | -86.95% | -53.03% | -33.92% |
Current DrawdownCurrent decline from peak | -86.95% | -53.03% | -33.92% |
Average DrawdownAverage peak-to-trough decline | -48.11% | -16.03% | -32.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.24% | 30.87% | +20.37% |
Volatility
CIWP.DE vs. HDX1.DE - Volatility Comparison
CoinShares Physical Uniswap EUR ETP (CIWP.DE) has a higher volatility of 22.07% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 10.07%. This indicates that CIWP.DE's price experiences larger fluctuations and is considered to be riskier than HDX1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CIWP.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.07% | 10.07% | +12.00% |
Volatility (6M)Calculated over the trailing 6-month period | 55.47% | 32.86% | +22.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 91.32% | 43.43% | +47.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.63% | 51.02% | +43.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 94.63% | 51.02% | +43.61% |
CIWP.DE vs. HDX1.DE - Expense Ratio Comparison
CIWP.DE has a 1.50% expense ratio, which is higher than HDX1.DE's 1.00% expense ratio.
Dividends
CIWP.DE vs. HDX1.DE - Dividend Comparison
Neither CIWP.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
CIWP.DE and HDX1.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HDX1.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDX1.DE is cheaper with a 1.00% expense ratio, compared with 1.50% for CIWP.DE.
They also come from different issuers: CoinShares and Hashdex. Their fees differ too: 1.50% for CIWP.DE and 1.00% for HDX1.DE.
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