CTEN.DE vs. VWRD.L

Last updated Jun 5, 2026

CTEN.DE (CoinShares Physical Top10 Crypto Market ETP) and VWRD.L (Vanguard FTSE All-World UCITS ETF) are both exchange-traded funds - CTEN.DE is a Cryptocurrency fund actively managed by CoinShares, while VWRD.L is a Global Equities fund tracking the FTSE All-World Index. CTEN.DE is actively managed, while VWRD.L is passively managed. Over the past 3 years, CTEN.DE returned 17.30%/yr vs 18.33%/yr for VWRD.L. At a 0.37 correlation, their price movements are largely independent. CTEN.DE charges 0.00%/yr vs 0.22%/yr for VWRD.L.

Performance

CTEN.DE vs. VWRD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) and Vanguard FTSE All-World UCITS ETF (VWRD.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CTEN.DE is traded in EUR, while VWRD.L is traded in USD. To make them comparable, the VWRD.L 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 VWRD.L's 12.94% return.

CTEN.DE

• 1D: -1.29%
• 1M: -11.32%
• YTD: -30.10%
• 6M: -29.58%
• 1Y: -32.25%
• 3Y*: 17.30%
• 5Y*: —
• 10Y*: —

VWRD.L

• 1D: -0.25%
• 1M: 1.00%
• YTD: 12.94%
• 6M: 13.16%
• 1Y: 26.89%
• 3Y*: 18.33%
• 5Y*: 11.70%
• 10Y*: 12.69%

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

CTEN.DE vs. VWRD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CTEN.DE CoinShares Physical Top10 Crypto Market ETP	-30.10%	-19.43%	96.51%	48.48%
VWRD.L Vanguard FTSE All-World UCITS ETF	12.94%	7.86%	25.42%	15.75%

Correlation

The correlation between CTEN.DE and VWRD.L is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 27, 2023	0.37

Return for Risk

CTEN.DE vs. VWRD.L — 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

VWRD.L

VWRD.L Risk / Return Rank: 65
VWRD.L Sharpe Ratio Rank: 63
VWRD.L Sortino Ratio Rank: 69
VWRD.L Omega Ratio Rank: 64
VWRD.L Calmar Ratio Rank: 61
VWRD.L Martin Ratio Rank: 67

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. VWRD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) and Vanguard FTSE All-World UCITS ETF (VWRD.L). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CTEN.DE	VWRD.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.76	2.11	-2.87
Sortino ratio: Return per unit of downside risk	-0.99	3.02	-4.01
Omega ratio: Gain probability vs. loss probability	0.89	1.39	-0.50
Calmar ratio: Return relative to maximum drawdown	-0.66	4.18	-4.84
Martin ratio: Return relative to average drawdown	-1.10	15.71	-16.82

CTEN.DE vs. VWRD.L - Sharpe Ratio Comparison

The current CTEN.DE Sharpe Ratio is -0.76, which is lower than the VWRD.L Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of CTEN.DE and VWRD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CTEN.DE vs. VWRD.L - Drawdown Comparison

The maximum CTEN.DE drawdown since its inception was -56.27%, which is greater than VWRD.L's maximum drawdown of -33.28%. Use the drawdown chart below to compare losses from any high point for CTEN.DE and VWRD.L.

Drawdown Indicators

	CTEN.DE	VWRD.L	Difference
Max Drawdown Largest peak-to-trough decline	-56.27%	-33.28%	-22.99%
Max Drawdown (1Y) Largest decline over 1 year	-56.27%	-6.40%	-49.87%
Max Drawdown (3Y) Largest decline over 3 years	-56.27%	-20.08%	-36.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.08%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.28%	—
Current Drawdown Current decline from peak	-55.40%	-1.40%	-54.00%
Average Drawdown Average peak-to-trough decline	-19.04%	-4.29%	-14.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.71%	1.71%	+32.00%

Volatility

CTEN.DE vs. VWRD.L - Volatility Comparison

CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) has a higher volatility of 9.77% compared to Vanguard FTSE All-World UCITS ETF (VWRD.L) at 4.03%. This indicates that CTEN.DE's price experiences larger fluctuations and is considered to be riskier than VWRD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEN.DE	VWRD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.77%	4.03%	+5.74%
Volatility (6M) Calculated over the trailing 6-month period	35.00%	9.90%	+25.10%
Volatility (1Y) Calculated over the trailing 1-year period	49.20%	12.70%	+36.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.11%	14.65%	+37.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.11%	15.57%	+36.54%

CTEN.DE vs. VWRD.L - Expense Ratio Comparison

CTEN.DE has a 0.00% expense ratio, which is lower than VWRD.L's 0.22% 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. VWRD.L - Dividend Comparison

CTEN.DE has not paid dividends to shareholders, while VWRD.L's dividend yield for the trailing twelve months is around 1.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CTEN.DE CoinShares Physical Top10 Crypto Market ETP	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VWRD.L Vanguard FTSE All-World UCITS ETF	1.29%	1.38%	1.52%	1.69%	2.05%	1.48%	1.47%	1.88%	2.29%	1.82%	2.04%	2.07%

Frequently Asked Questions

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

CTEN.DE and VWRD.L have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CTEN.DE or VWRD.L?

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.

Which ETF is cheaper, CTEN.DE or VWRD.L?

CTEN.DE is cheaper with a 0.00% expense ratio, compared with 0.22% for VWRD.L.

What is the main difference between CTEN.DE and VWRD.L?

CTEN.DE is categorized as Cryptocurrency, while VWRD.L is Global Equities. They also come from different issuers: CoinShares and Vanguard. Their fees differ too: 0.00% for CTEN.DE and 0.22% for VWRD.L.