CTEN.DE vs. 21XJ.DE
CTEN.DE (CoinShares Physical Top10 Crypto Market ETP) and 21XJ.DE (21Shares Binance BNB ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, CTEN.DE returned 17.30%/yr vs 22.53%/yr for 21XJ.DE. A 0.70 correlation means they provide meaningful diversification when combined. CTEN.DE charges 0.00%/yr vs 2.50%/yr for 21XJ.DE.
Performance
CTEN.DE vs. 21XJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with CTEN.DE having a -30.10% return and 21XJ.DE slightly higher at -29.43%.
CTEN.DE
- 1D
- -1.29%
- 1M
- -17.15%
- YTD
- -30.10%
- 6M
- -36.14%
- 1Y
- -36.76%
- 3Y*
- 17.30%
- 5Y*
- —
- 10Y*
- —
21XJ.DE
- 1D
- -4.90%
- 1M
- -3.86%
- YTD
- -29.43%
- 6M
- -34.19%
- 1Y
- -13.35%
- 3Y*
- 22.53%
- 5Y*
- —
- 10Y*
- —
CTEN.DE vs. 21XJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CTEN.DE CoinShares Physical Top10 Crypto Market ETP | -30.10% | -19.43% | 96.51% | 53.65% |
21XJ.DE 21Shares Binance BNB ETP | -29.43% | 6.81% | 124.46% | -2.70% |
Correlation
The correlation between CTEN.DE and 21XJ.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 | 0.69 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.70 |
The correlation between CTEN.DE and 21XJ.DE shifts across timeframes, from 0.69 (3 years) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
CTEN.DE vs. 21XJ.DE — Risk / Return Rank
CTEN.DE
21XJ.DE
CTEN.DE vs. 21XJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) and 21Shares Binance BNB ETP (21XJ.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.
| CTEN.DE | 21XJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.91 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.99 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.24 | -0.42 |
| Martin ratioReturn relative to average drawdown | -1.10 | -0.39 | -0.71 |
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
| CTEN.DE | 21XJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | -0.28 | -0.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.08 | +0.26 |
Drawdowns
CTEN.DE vs. 21XJ.DE - Drawdown Comparison
The maximum CTEN.DE drawdown since its inception was -56.27%, roughly equal to the maximum 21XJ.DE drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for CTEN.DE and 21XJ.DE.
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Drawdown Indicators
| CTEN.DE | 21XJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.27% | -56.06% | -0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -56.27% | -56.06% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -56.27% | -56.06% | -0.21% |
Current DrawdownCurrent decline from peak | -55.40% | -54.01% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -27.87% | +8.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.71% | 34.08% | -0.37% |
Volatility
CTEN.DE vs. 21XJ.DE - Volatility Comparison
The current volatility for CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) is 9.77%, while 21Shares Binance BNB ETP (21XJ.DE) has a volatility of 13.53%. This indicates that CTEN.DE experiences smaller price fluctuations and is considered to be less risky than 21XJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTEN.DE | 21XJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 13.53% | -3.76% |
Volatility (6M)Calculated over the trailing 6-month period | 35.00% | 32.59% | +2.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.20% | 47.90% | +1.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.10% | 54.02% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.10% | 54.02% | -1.92% |
CTEN.DE vs. 21XJ.DE - Expense Ratio Comparison
CTEN.DE has a 0.00% expense ratio, which is lower than 21XJ.DE's 2.50% expense ratio.
Dividends
CTEN.DE vs. 21XJ.DE - Dividend Comparison
Neither CTEN.DE nor 21XJ.DE has paid dividends to shareholders.
Frequently Asked Questions
CTEN.DE and 21XJ.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, CTEN.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CTEN.DE is cheaper with a 0.00% expense ratio, compared with 2.50% for 21XJ.DE.
They also come from different issuers: CoinShares and 21Shares. Their fees differ too: 0.00% for CTEN.DE and 2.50% for 21XJ.DE.
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