CTEN.DE vs. ABCH.DE

Last updated Apr 2, 2026

Compare and contrast key facts about CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) and 21Shares Bitcoin Cash ETP (ABCH.DE).

CTEN.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. CTEN.DE is an actively managed fund by CoinShares. It was launched on Mar 27, 2023. ABCH.DE is an actively managed fund by 21Shares. It was launched on Jul 3, 2019.

Performance

CTEN.DE vs. ABCH.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) and 21Shares Bitcoin Cash ETP (ABCH.DE). The values are adjusted to include any dividend payments, if applicable.

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

	2026 (YTD)	2025	2024	2023
CTEN.DE CoinShares Physical Top10 Crypto Market ETP	-24.02%	-19.43%	96.51%	53.65%
ABCH.DE 21Shares Bitcoin Cash ETP	-22.90%	16.28%	73.28%	115.36%

Returns By Period

The year-to-date returns for both investments are quite close, with CTEN.DE having a -24.02% return and ABCH.DE slightly higher at -22.90%.

CTEN.DE

• 1D: 2.22%
• 1M: 0.84%
• YTD: -24.02%
• 6M: -48.29%
• 1Y: -18.92%
• 3Y*: 20.12%
• 5Y*: —
• 10Y*: —

ABCH.DE

• 1D: -2.89%
• 1M: 2.89%
• YTD: -22.90%
• 6M: -21.27%
• 1Y: 32.38%
• 3Y*: 47.87%
• 5Y*: -5.41%
• 10Y*: —

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

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

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

ABCH.DE

21Shares Bitcoin Cash ETP

CTEN.DE

CoinShares Physical Top10 Crypto Market ETP

Return for Risk

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

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

CTEN.DE

CTEN.DE Risk / Return Rank: 7
CTEN.DE Sharpe Ratio Rank: 6
CTEN.DE Sortino Ratio Rank: 7
CTEN.DE Omega Ratio Rank: 7
CTEN.DE Calmar Ratio Rank: 6
CTEN.DE Martin Ratio Rank: 6

ABCH.DE

ABCH.DE Risk / Return Rank: 31
ABCH.DE Sharpe Ratio Rank: 26
ABCH.DE Sortino Ratio Rank: 38
ABCH.DE Omega Ratio Rank: 30
ABCH.DE Calmar Ratio Rank: 36
ABCH.DE Martin Ratio Rank: 27

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.

CTEN.DE vs. ABCH.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 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.

	CTEN.DE	ABCH.DE	Difference
Sharpe ratio Return per unit of total volatility	-0.36	0.51	-0.87
Sortino ratio Return per unit of downside risk	-0.20	1.17	-1.37
Omega ratio Gain probability vs. loss probability	0.98	1.14	-0.16
Calmar ratio Return relative to maximum drawdown	-0.35	1.11	-1.46
Martin ratio Return relative to average drawdown	-0.72	2.51	-3.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current CTEN.DE Sharpe Ratio is -0.36, which is lower than the ABCH.DE Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of CTEN.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

	CTEN.DE	ABCH.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.36	0.51	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	-0.06	+0.48

Correlation

The correlation between CTEN.DE and ABCH.DE is 0.67, 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

CTEN.DE vs. ABCH.DE - Dividend Comparison

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

Tickers have no history of dividend payments

Drawdowns

CTEN.DE vs. ABCH.DE - Drawdown Comparison

The maximum CTEN.DE drawdown since its inception was -56.27%, smaller than the maximum ABCH.DE drawdown of -92.87%. Use the drawdown chart below to compare losses from any high point for CTEN.DE and ABCH.DE.

Drawdown Indicators

	CTEN.DE	ABCH.DE	Difference
Max Drawdown Largest peak-to-trough decline	-56.27%	-92.87%	+36.60%
Max Drawdown (1Y) Largest decline over 1 year	-56.27%	-31.22%	-25.05%
Max Drawdown (5Y) Largest decline over 5 years	—	-92.87%	—
Current Drawdown Current decline from peak	-51.52%	-71.03%	+19.51%
Average Drawdown Average peak-to-trough decline	-17.41%	-72.96%	+55.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	27.19%	13.82%	+13.37%

Volatility

CTEN.DE vs. ABCH.DE - Volatility Comparison

CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) has a higher volatility of 14.56% compared to 21Shares Bitcoin Cash ETP (ABCH.DE) at 12.12%. This indicates that CTEN.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

	CTEN.DE	ABCH.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.56%	12.12%	+2.44%
Volatility (6M) Calculated over the trailing 6-month period	38.70%	44.97%	-6.27%
Volatility (1Y) Calculated over the trailing 1-year period	52.26%	63.59%	-11.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.81%	86.18%	-33.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.81%	85.83%	-33.02%