CSDA.DE vs. ABCH.DE

Last updated Apr 1, 2026

Compare and contrast key facts about CoinShares Physical Staked Cardano EUR (CSDA.DE) and 21Shares Bitcoin Cash ETP (ABCH.DE).

CSDA.DE and ABCH.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CSDA.DE is an actively managed fund by CoinShares. It was launched on Mar 11, 2022. ABCH.DE is an actively managed fund by 21Shares. It was launched on Jul 3, 2019.

Performance

CSDA.DE vs. ABCH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Staked Cardano EUR (CSDA.DE) and 21Shares Bitcoin Cash ETP (ABCH.DE). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023	2022
CSDA.DE CoinShares Physical Staked Cardano EUR	-30.34%	-63.21%	50.69%	155.13%	-67.95%
ABCH.DE 21Shares Bitcoin Cash ETP	-20.61%	16.28%	73.28%	161.37%	-66.21%

Returns By Period

In the year-to-date period, CSDA.DE achieves a -30.34% return, which is significantly lower than ABCH.DE's -20.61% return.

CSDA.DE

• 1D: -4.48%
• 1M: -11.98%
• YTD: -30.34%
• 6M: -68.52%
• 1Y: -65.27%
• 3Y*: -15.87%
• 5Y*: —
• 10Y*: —

ABCH.DE

• 1D: 0.59%
• 1M: 2.74%
• YTD: -20.61%
• 6M: -14.16%
• 1Y: 41.09%
• 3Y*: 49.32%
• 5Y*: -4.85%
• 10Y*: —

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

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

CSDA.DE has a 0.00% expense ratio, which is lower than ABCH.DE's 2.50% expense ratio.

ABCH.DE

21Shares Bitcoin Cash ETP

CSDA.DE

CoinShares Physical Staked Cardano EUR

Return for Risk

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

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

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: 0
CSDA.DE Martin Ratio Rank: 1

ABCH.DE

ABCH.DE Risk / Return Rank: 39
ABCH.DE Sharpe Ratio Rank: 33
ABCH.DE Sortino Ratio Rank: 48
ABCH.DE Omega Ratio Rank: 37
ABCH.DE Calmar Ratio Rank: 44
ABCH.DE Martin Ratio Rank: 30

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.

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

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Cardano EUR (CSDA.DE) and 21Shares Bitcoin Cash ETP (ABCH.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.

	CSDA.DE	ABCH.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.89	0.64	-1.53
Sortino ratio Return per unit of downside risk	-1.52	1.33	-2.86
Omega ratio Gain probability vs. loss probability	0.84	1.15	-0.31
Calmar ratio Return relative to maximum drawdown	-0.91	1.16	-2.07
Martin ratio Return relative to average drawdown	-1.61	2.64	-4.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CSDA.DE Sharpe Ratio is -0.89, which is lower than the ABCH.DE Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of CSDA.DE and ABCH.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

	CSDA.DE	ABCH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.89	0.64	-1.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.29	-0.05	-0.24

Correlation

The correlation between CSDA.DE and ABCH.DE is 0.64, 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

CSDA.DE vs. ABCH.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

CSDA.DE vs. ABCH.DE - Drawdown Comparison

The maximum CSDA.DE drawdown since its inception was -81.86%, smaller than the maximum ABCH.DE drawdown of -92.87%. Use the drawdown chart below to compare losses from any high point for CSDA.DE and ABCH.DE.

Drawdown Indicators

	CSDA.DE	ABCH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-81.86%	-92.87%	+11.01%
Max Drawdown (1Y) Largest decline over 1 year	-73.48%	-31.22%	-42.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-92.87%	—
Current Drawdown Current decline from peak	-81.86%	-70.17%	-11.69%
Average Drawdown Average peak-to-trough decline	-57.16%	-72.96%	+15.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	41.52%	13.78%	+27.74%

Volatility

CSDA.DE vs. ABCH.DE - Volatility Comparison

CoinShares Physical Staked Cardano EUR (CSDA.DE) has a higher volatility of 16.87% compared to 21Shares Bitcoin Cash ETP (ABCH.DE) at 11.75%. This indicates that CSDA.DE's price experiences larger fluctuations and is considered to be riskier than ABCH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CSDA.DE	ABCH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.87%	11.75%	+5.12%
Volatility (6M) Calculated over the trailing 6-month period	52.16%	44.90%	+7.26%
Volatility (1Y) Calculated over the trailing 1-year period	73.51%	63.52%	+9.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.41%	86.18%	-1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.41%	85.85%	-1.44%