CTEN.DE vs. XLME.DE
CTEN.DE (CoinShares Physical Top10 Crypto Market ETP) and XLME.DE (21Shares Stellar ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, CTEN.DE returned 17.30%/yr vs 25.76%/yr for XLME.DE. A 0.77 correlation means they provide meaningful diversification when combined. CTEN.DE charges 0.00%/yr vs 2.50%/yr for XLME.DE.
Performance
CTEN.DE vs. XLME.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 XLME.DE's -2.01% return.
CTEN.DE
- 1D
- -1.29%
- 1M
- -17.15%
- YTD
- -30.10%
- 6M
- -36.14%
- 1Y
- -36.76%
- 3Y*
- 17.30%
- 5Y*
- —
- 10Y*
- —
XLME.DE
- 1D
- -6.58%
- 1M
- 31.94%
- YTD
- -2.01%
- 6M
- -18.50%
- 1Y
- -26.44%
- 3Y*
- 25.76%
- 5Y*
- —
- 10Y*
- —
CTEN.DE vs. XLME.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% |
XLME.DE 21Shares Stellar ETP | -2.01% | -45.22% | 165.66% | 38.50% |
Correlation
The correlation between CTEN.DE and XLME.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2023 | 0.77 |
The correlation between CTEN.DE and XLME.DE has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.
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Return for Risk
CTEN.DE vs. XLME.DE — Risk / Return Rank
CTEN.DE
XLME.DE
CTEN.DE vs. XLME.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 Stellar ETP (XLME.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 | XLME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.00 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.66 | -0.37 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.10 | -0.55 | -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. | |||
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Sharpe Ratios by Period
| CTEN.DE | XLME.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.76 | -0.34 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | -0.10 | +0.45 |
Drawdowns
CTEN.DE vs. XLME.DE - Drawdown Comparison
The maximum CTEN.DE drawdown since its inception was -56.27%, smaller than the maximum XLME.DE drawdown of -82.74%. Use the drawdown chart below to compare losses from any high point for CTEN.DE and XLME.DE.
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Drawdown Indicators
| CTEN.DE | XLME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.27% | -82.74% | +26.47% |
Max Drawdown (1Y)Largest decline over 1 year | -56.27% | -70.51% | +14.24% |
Max Drawdown (3Y)Largest decline over 3 years | -56.27% | -78.28% | +22.01% |
Current DrawdownCurrent decline from peak | -55.40% | -68.57% | +13.17% |
Average DrawdownAverage peak-to-trough decline | -19.06% | -62.68% | +43.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.71% | 47.90% | -14.19% |
Volatility
CTEN.DE vs. XLME.DE - Volatility Comparison
The current volatility for CoinShares Physical Top10 Crypto Market ETP (CTEN.DE) is 9.77%, while 21Shares Stellar ETP (XLME.DE) has a volatility of 32.82%. This indicates that CTEN.DE experiences smaller price fluctuations and is considered to be less risky than XLME.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 | XLME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.77% | 32.82% | -23.05% |
Volatility (6M)Calculated over the trailing 6-month period | 35.00% | 51.83% | -16.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.20% | 78.47% | -29.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.10% | 88.68% | -36.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.10% | 88.68% | -36.58% |
CTEN.DE vs. XLME.DE - Expense Ratio Comparison
CTEN.DE has a 0.00% expense ratio, which is lower than XLME.DE's 2.50% expense ratio.
Dividends
CTEN.DE vs. XLME.DE - Dividend Comparison
Neither CTEN.DE nor XLME.DE has paid dividends to shareholders.
Frequently Asked Questions
CTEN.DE and XLME.DE have a correlation of 0.83, 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 XLME.DE.
They also come from different issuers: CoinShares and 21Shares. Their fees differ too: 0.00% for CTEN.DE and 2.50% for XLME.DE.
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