CTEN.DE vs. 4GLD.DE
CTEN.DE (CoinShares Physical Top10 Crypto Market ETP) and 4GLD.DE (Xetra-Gold) are both exchange-traded funds - CTEN.DE is a Cryptocurrency fund actively managed by CoinShares, while 4GLD.DE is a Gold fund tracking the LBMA Gold Price. CTEN.DE is actively managed, while 4GLD.DE is passively managed. Over the past 3 years, CTEN.DE returned 17.30%/yr vs 28.18%/yr for 4GLD.DE. At a 0.04 correlation, their price movements are largely independent. Both charge a 0.00% expense ratio.
Performance
CTEN.DE vs. 4GLD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, CTEN.DE achieves a -30.10% return, which is significantly lower than 4GLD.DE's 2.80% return.
CTEN.DE
- 1D
- -1.29%
- 1M
- -16.86%
- YTD
- -30.10%
- 6M
- -33.20%
- 1Y
- -35.44%
- 3Y*
- 17.30%
- 5Y*
- —
- 10Y*
- —
4GLD.DE
- 1D
- 0.57%
- 1M
- -3.60%
- YTD
- 2.80%
- 6M
- 6.23%
- 1Y
- 31.21%
- 3Y*
- 28.18%
- 5Y*
- 19.85%
- 10Y*
- 13.36%
CTEN.DE vs. 4GLD.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% |
4GLD.DE Xetra-Gold | 2.80% | 49.32% | 34.57% | 2.74% |
Correlation
The correlation between CTEN.DE and 4GLD.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.04 |
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Return for Risk
CTEN.DE vs. 4GLD.DE — Risk / Return Rank
CTEN.DE
4GLD.DE
CTEN.DE vs. 4GLD.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 Xetra-Gold (4GLD.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 | 4GLD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.26 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | 1.82 | -2.48 |
| Martin ratioReturn relative to average drawdown | -1.10 | 4.63 | -5.73 |
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 | 4GLD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | 1.31 | -2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.23 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.92 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.65 | -0.30 |
Drawdowns
CTEN.DE vs. 4GLD.DE - Drawdown Comparison
The maximum CTEN.DE drawdown since its inception was -56.27%, which is greater than 4GLD.DE's maximum drawdown of -36.79%. Use the drawdown chart below to compare losses from any high point for CTEN.DE and 4GLD.DE.
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Drawdown Indicators
| CTEN.DE | 4GLD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.27% | -36.79% | -19.48% |
Max Drawdown (1Y)Largest decline over 1 year | -56.27% | -16.54% | -39.73% |
Max Drawdown (3Y)Largest decline over 3 years | -56.27% | -16.54% | -39.73% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.54% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.23% | — |
Current DrawdownCurrent decline from peak | -55.40% | -14.95% | -40.45% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -11.83% | -7.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.71% | 6.52% | +27.19% |
Volatility
CTEN.DE vs. 4GLD.DE - Volatility Comparison
CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) has a higher volatility of 9.77% compared to Xetra-Gold (4GLD.DE) at 5.09%. This indicates that CTEN.DE's price experiences larger fluctuations and is considered to be riskier than 4GLD.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 | 4GLD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 5.09% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 35.00% | 20.09% | +14.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.20% | 23.06% | +26.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.10% | 16.00% | +36.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.10% | 14.37% | +37.73% |
CTEN.DE vs. 4GLD.DE - Expense Ratio Comparison
CTEN.DE has a 0.00% expense ratio, which is lower than 4GLD.DE's 0.00% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
CTEN.DE vs. 4GLD.DE - Dividend Comparison
Neither CTEN.DE nor 4GLD.DE has paid dividends to shareholders.
Frequently Asked Questions
CTEN.DE and 4GLD.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.00% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CTEN.DE and 4GLD.DE have the same expense ratio: 0.00% per year.
CTEN.DE is categorized as Cryptocurrency, while 4GLD.DE is Gold. They also come from different issuers: CoinShares and Deutsche Börse Commodities.
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