CTEN.DE vs. CCIF

Last updated Jun 5, 2026

CTEN.DE (CoinShares Physical Top10 Crypto Market ETP) and CCIF (Carlyle Credit Income Fund) are both funds - CTEN.DE is a Cryptocurrency fund actively managed by CoinShares, while CCIF is a Intermediate Core Bond fund actively managed by Carlyle. Both are actively managed. Over the past 3 years, CTEN.DE returned 17.30%/yr vs -18.38%/yr for CCIF. At a 0.11 correlation, their price movements are largely independent.

Performance

CTEN.DE vs. CCIF - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) and Carlyle Credit Income Fund (CCIF). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CTEN.DE is traded in EUR, while CCIF is traded in USD. To make them comparable, the CCIF values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, CTEN.DE achieves a -30.10% return, which is significantly lower than CCIF's -26.40% return.

CTEN.DE

• 1D: -1.29%
• 1M: -17.15%
• YTD: -30.10%
• 6M: -36.14%
• 1Y: -36.76%
• 3Y*: 17.30%
• 5Y*: —
• 10Y*: —

CCIF

• 1D: 0.19%
• 1M: -5.55%
• YTD: -26.40%
• 6M: -33.00%
• 1Y: -41.13%
• 3Y*: -18.38%
• 5Y*: -6.86%
• 10Y*: —

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

CTEN.DE vs. CCIF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CTEN.DE CoinShares Physical Top10 Crypto Market ETP	-30.10%	-19.43%	96.51%	53.65%
CCIF Carlyle Credit Income Fund	-26.40%	-36.23%	24.05%	-2.61%

Correlation

The correlation between CTEN.DE and CCIF is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023	0.11

Return for Risk

CTEN.DE vs. CCIF — 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: 3
CTEN.DE Sharpe Ratio Rank: 3
CTEN.DE Sortino Ratio Rank: 3
CTEN.DE Omega Ratio Rank: 3
CTEN.DE Calmar Ratio Rank: 3
CTEN.DE Martin Ratio Rank: 4

CCIF

CCIF Risk / Return Rank: 0
CCIF Sharpe Ratio Rank: 0
CCIF Sortino Ratio Rank: 0
CCIF Omega Ratio Rank: 0
CCIF Calmar Ratio Rank: 0
CCIF Martin Ratio Rank: 0

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. CCIF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) and Carlyle Credit Income Fund (CCIF). 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	CCIF	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	-1.36	+0.60
Sortino ratio: Return per unit of downside risk	-0.99	-1.98	+0.99
Omega ratio: Gain probability vs. loss probability	0.89	0.75	+0.15
Calmar ratio: Return relative to maximum drawdown	-0.66	-0.95	+0.29
Martin ratio: Return relative to average drawdown	-1.10	-1.65	+0.55
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. CCIF - Sharpe Ratio Comparison

The current CTEN.DE Sharpe Ratio is -0.76, which is higher than the CCIF Sharpe Ratio of -1.36. The chart below compares the historical Sharpe Ratios of CTEN.DE and CCIF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CTEN.DE	CCIF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	-1.36	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	-0.25	+0.59

Drawdowns

CTEN.DE vs. CCIF - Drawdown Comparison

The maximum CTEN.DE drawdown since its inception was -56.27%, roughly equal to the maximum CCIF drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for CTEN.DE and CCIF.

Drawdown Indicators

	CTEN.DE	CCIF	Difference
Max Drawdown Largest peak-to-trough decline	-56.27%	-55.45%	-0.82%
Max Drawdown (1Y) Largest decline over 1 year	-56.27%	-43.57%	-12.70%
Max Drawdown (3Y) Largest decline over 3 years	-56.27%	-55.45%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-55.45%	—
Current Drawdown Current decline from peak	-55.40%	-53.65%	-1.75%
Average Drawdown Average peak-to-trough decline	-19.06%	-13.18%	-5.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.71%	24.93%	+8.78%

Volatility

CTEN.DE vs. CCIF - Volatility Comparison

CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) has a higher volatility of 9.77% compared to Carlyle Credit Income Fund (CCIF) at 7.44%. This indicates that CTEN.DE's price experiences larger fluctuations and is considered to be riskier than CCIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEN.DE	CCIF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.77%	7.44%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	35.00%	26.25%	+8.75%
Volatility (1Y) Calculated over the trailing 1-year period	49.20%	30.45%	+18.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.10%	21.23%	+30.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.10%	26.42%	+25.68%

Dividends

CTEN.DE vs. CCIF - Dividend Comparison

CTEN.DE has not paid dividends to shareholders, while CCIF's dividend yield for the trailing twelve months is around 36.53%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
CCIF Carlyle Credit Income Fund	36.53%	26.87%	15.73%	23.58%	9.96%	8.55%	6.09%	3.77%
CTEN.DE CoinShares Physical Top10 Crypto Market ETP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CTEN.DE and CCIF in my portfolio?

CTEN.DE and CCIF have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.