CSSC.DE vs. ALC0.DE
CSSC.DE (CoinShares Physical Smart Contract Platform ETP) and ALC0.DE (21Shares Algorand ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, CSSC.DE returned 6.55%/yr vs -15.06%/yr for ALC0.DE. A 0.80 correlation means they provide meaningful diversification when combined. CSSC.DE charges 0.00%/yr vs 2.50%/yr for ALC0.DE.
Performance
CSSC.DE vs. ALC0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CSSC.DE achieves a -31.24% return, which is significantly lower than ALC0.DE's -9.66% return.
CSSC.DE
- 1D
- -4.53%
- 1M
- -15.26%
- YTD
- -31.24%
- 6M
- -38.90%
- 1Y
- -40.34%
- 3Y*
- 6.55%
- 5Y*
- —
- 10Y*
- —
ALC0.DE
- 1D
- -5.06%
- 1M
- -10.69%
- YTD
- -9.66%
- 6M
- -26.60%
- 1Y
- -48.88%
- 3Y*
- -15.06%
- 5Y*
- —
- 10Y*
- —
CSSC.DE vs. ALC0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CSSC.DE CoinShares Physical Smart Contract Platform ETP | -31.24% | -35.55% | 50.17% | 86.11% |
ALC0.DE 21Shares Algorand ETP | -9.66% | -69.17% | 40.48% | 16.03% |
Correlation
The correlation between CSSC.DE and ALC0.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.80 |
The correlation between CSSC.DE and ALC0.DE has been stable across timeframes, ranging from 0.80 to 0.80 - a consistent structural relationship.
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Return for Risk
CSSC.DE vs. ALC0.DE — Risk / Return Rank
CSSC.DE
ALC0.DE
CSSC.DE vs. ALC0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Smart Contract Platform ETP (CSSC.DE) and 21Shares Algorand ETP (ALC0.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.
| CSSC.DE | ALC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.92 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.66 | +0.01 |
| Martin ratioReturn relative to average drawdown | -1.04 | -0.97 | -0.06 |
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
| CSSC.DE | ALC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.74 | -0.65 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | -0.45 | +0.57 |
Drawdowns
CSSC.DE vs. ALC0.DE - Drawdown Comparison
The maximum CSSC.DE drawdown since its inception was -65.21%, smaller than the maximum ALC0.DE drawdown of -91.38%. Use the drawdown chart below to compare losses from any high point for CSSC.DE and ALC0.DE.
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Drawdown Indicators
| CSSC.DE | ALC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.21% | -91.38% | +26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -61.70% | -73.56% | +11.86% |
Max Drawdown (3Y)Largest decline over 3 years | -65.21% | -87.32% | +22.11% |
Current DrawdownCurrent decline from peak | -64.95% | -89.02% | +24.07% |
Average DrawdownAverage peak-to-trough decline | -28.09% | -74.41% | +46.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.93% | 50.32% | -11.39% |
Volatility
CSSC.DE vs. ALC0.DE - Volatility Comparison
The current volatility for CoinShares Physical Smart Contract Platform ETP (CSSC.DE) is 10.56%, while 21Shares Algorand ETP (ALC0.DE) has a volatility of 20.62%. This indicates that CSSC.DE experiences smaller price fluctuations and is considered to be less risky than ALC0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSSC.DE | ALC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.56% | 20.62% | -10.06% |
Volatility (6M)Calculated over the trailing 6-month period | 36.99% | 51.56% | -14.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.25% | 75.05% | -20.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.64% | 89.03% | -29.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.64% | 89.03% | -29.39% |
CSSC.DE vs. ALC0.DE - Expense Ratio Comparison
CSSC.DE has a 0.00% expense ratio, which is lower than ALC0.DE's 2.50% expense ratio.
Dividends
CSSC.DE vs. ALC0.DE - Dividend Comparison
Neither CSSC.DE nor ALC0.DE has paid dividends to shareholders.
Frequently Asked Questions
CSSC.DE and ALC0.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSSC.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSSC.DE is cheaper with a 0.00% expense ratio, compared with 2.50% for ALC0.DE.
They also come from different issuers: CoinShares and 21Shares. Their fees differ too: 0.00% for CSSC.DE and 2.50% for ALC0.DE.
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