CPYG.DE vs. HDX1.DE
Compare and contrast key facts about CoinShares Physical Polygon Staked ETP (CPYG.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE).
CPYG.DE and HDX1.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CPYG.DE is an actively managed fund by CoinShares. It was launched on Jun 21, 2022. HDX1.DE is a passively managed fund by Hashdex that tracks the performance of the Nasdaq Crypto Index. It was launched on Apr 28, 2022.
Performance
CPYG.DE vs. HDX1.DE - Performance Comparison
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CPYG.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CPYG.DE CoinShares Physical Polygon Staked ETP | -8.76% | -79.89% | -49.31% | 33.78% | -14.55% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -24.72% | -21.32% | 108.60% | 133.00% | -27.55% |
Returns By Period
In the year-to-date period, CPYG.DE achieves a -8.76% return, which is significantly higher than HDX1.DE's -24.72% return.
CPYG.DE
- 1D
- 3.06%
- 1M
- -10.10%
- YTD
- -8.76%
- 6M
- -59.49%
- 1Y
- -56.71%
- 3Y*
- -55.99%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- -2.77%
- 1M
- -1.96%
- YTD
- -24.72%
- 6M
- -47.19%
- 1Y
- -28.31%
- 3Y*
- 21.63%
- 5Y*
- —
- 10Y*
- —
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CPYG.DE vs. HDX1.DE - Expense Ratio Comparison
CPYG.DE has a 0.00% expense ratio, which is lower than HDX1.DE's 1.00% expense ratio.
Return for Risk
CPYG.DE vs. HDX1.DE — Risk / Return Rank
CPYG.DE
HDX1.DE
CPYG.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Polygon Staked ETP (CPYG.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.
| CPYG.DE | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.77 | -0.63 | -0.14 |
Sortino ratioReturn per unit of downside risk | -1.16 | -0.72 | -0.44 |
Omega ratioGain probability vs. loss probability | 0.88 | 0.92 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | -0.80 | -0.41 | -0.38 |
Martin ratioReturn relative to average drawdown | -1.38 | -0.87 | -0.51 |
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
| CPYG.DE | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | -0.63 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.40 | 0.45 | -0.85 |
Correlation
The correlation between CPYG.DE and HDX1.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
CPYG.DE vs. HDX1.DE - Dividend Comparison
Neither CPYG.DE nor HDX1.DE has paid dividends to shareholders.
Drawdowns
CPYG.DE vs. HDX1.DE - Drawdown Comparison
The maximum CPYG.DE drawdown since its inception was -94.07%, which is greater than HDX1.DE's maximum drawdown of -52.67%. Use the drawdown chart below to compare losses from any high point for CPYG.DE and HDX1.DE.
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Drawdown Indicators
| CPYG.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.07% | -52.67% | -41.40% |
Max Drawdown (1Y)Largest decline over 1 year | -69.16% | -52.67% | -16.49% |
Current DrawdownCurrent decline from peak | -93.62% | -49.52% | -44.10% |
Average DrawdownAverage peak-to-trough decline | -55.96% | -14.68% | -41.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.95% | 25.12% | +14.83% |
Volatility
CPYG.DE vs. HDX1.DE - Volatility Comparison
CoinShares Physical Polygon Staked ETP (CPYG.DE) has a higher volatility of 14.78% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 12.28%. This indicates that CPYG.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
| CPYG.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.78% | 12.28% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 51.09% | 35.33% | +15.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.41% | 44.80% | +28.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.48% | 51.56% | +31.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.48% | 51.56% | +31.92% |