ETHA.DE vs. CCHA.DE
ETHA.DE (21Shares Ethereum Staking ETP) and CCHA.DE (CoinShares Physical Chainlink ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETHA.DE returned -4.07%/yr vs 4.42%/yr for CCHA.DE. A 0.77 correlation means they provide meaningful diversification when combined. ETHA.DE charges 1.49%/yr vs 1.50%/yr for CCHA.DE.
Performance
ETHA.DE vs. CCHA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ETHA.DE achieves a -39.59% return, which is significantly lower than CCHA.DE's -34.79% return.
ETHA.DE
- 1D
- -3.89%
- 1M
- -23.90%
- YTD
- -39.59%
- 6M
- -41.48%
- 1Y
- -32.56%
- 3Y*
- -4.07%
- 5Y*
- -6.03%
- 10Y*
- —
CCHA.DE
- 1D
- -3.98%
- 1M
- -18.33%
- YTD
- -34.79%
- 6M
- -41.21%
- 1Y
- -42.93%
- 3Y*
- 4.42%
- 5Y*
- —
- 10Y*
- —
ETHA.DE vs. CCHA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -39.59% | -22.34% | 52.23% | 90.31% | -58.55% |
CCHA.DE CoinShares Physical Chainlink ETP | -34.79% | -48.45% | 37.05% | 178.07% | -51.77% |
Correlation
The correlation between ETHA.DE and CCHA.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since May 5, 2022 | 0.77 |
The correlation between ETHA.DE and CCHA.DE has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
ETHA.DE vs. CCHA.DE — Risk / Return Rank
ETHA.DE
CCHA.DE
ETHA.DE vs. CCHA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) and CoinShares Physical Chainlink ETP (CCHA.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.
| ETHA.DE | CCHA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.93 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.64 | +0.09 |
| Martin ratioReturn relative to average drawdown | -0.94 | -0.96 | +0.02 |
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
| ETHA.DE | CCHA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.62 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | -0.13 | +0.12 |
Drawdowns
ETHA.DE vs. CCHA.DE - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, roughly equal to the maximum CCHA.DE drawdown of -75.80%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and CCHA.DE.
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Drawdown Indicators
| ETHA.DE | CCHA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -75.80% | -1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -61.72% | -69.64% | +7.92% |
Max Drawdown (3Y)Largest decline over 3 years | -64.71% | -75.80% | +11.09% |
Max Drawdown (5Y)Largest decline over 5 years | -76.82% | — | — |
Current DrawdownCurrent decline from peak | -64.41% | -75.80% | +11.39% |
Average DrawdownAverage peak-to-trough decline | -43.74% | -39.26% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 46.73% | -10.38% |
Volatility
ETHA.DE vs. CCHA.DE - Volatility Comparison
The current volatility for 21Shares Ethereum Staking ETP (ETHA.DE) is 10.14%, while CoinShares Physical Chainlink ETP (CCHA.DE) has a volatility of 14.62%. This indicates that ETHA.DE experiences smaller price fluctuations and is considered to be less risky than CCHA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA.DE | CCHA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 14.62% | -4.48% |
Volatility (6M)Calculated over the trailing 6-month period | 42.04% | 44.07% | -2.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.62% | 72.25% | -12.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.07% | 85.39% | -18.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.50% | 85.39% | -15.89% |
ETHA.DE vs. CCHA.DE - Expense Ratio Comparison
ETHA.DE has a 1.49% expense ratio, which is lower than CCHA.DE's 1.50% expense ratio.
Dividends
ETHA.DE vs. CCHA.DE - Dividend Comparison
Neither ETHA.DE nor CCHA.DE has paid dividends to shareholders.
Frequently Asked Questions
ETHA.DE and CCHA.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ETHA.DE is cheaper at 1.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ETHA.DE is cheaper with a 1.49% expense ratio, compared with 1.50% for CCHA.DE.
They also come from different issuers: 21Shares and CoinShares. Their fees differ too: 1.49% for ETHA.DE and 1.50% for CCHA.DE.
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