ETHA.DE vs. CSDA.DE
ETHA.DE (21Shares Ethereum Staking ETP) and CSDA.DE (CoinShares Physical Staked Cardano EUR) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETHA.DE returned -4.07%/yr vs -20.11%/yr for CSDA.DE. A 0.78 correlation means they provide meaningful diversification when combined. ETHA.DE charges 1.49%/yr vs 0.00%/yr for CSDA.DE.
Performance
ETHA.DE vs. CSDA.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 higher than CSDA.DE's -44.92% 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*
- —
CSDA.DE
- 1D
- -10.51%
- 1M
- -27.73%
- YTD
- -44.92%
- 6M
- -53.80%
- 1Y
- -71.72%
- 3Y*
- -20.11%
- 5Y*
- —
- 10Y*
- —
ETHA.DE vs. CSDA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -39.59% | -22.34% | 52.23% | 90.31% | -52.47% |
CSDA.DE CoinShares Physical Staked Cardano EUR | -44.92% | -63.21% | 50.69% | 155.13% | -67.95% |
Correlation
The correlation between ETHA.DE and CSDA.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2022 | 0.78 |
The correlation between ETHA.DE and CSDA.DE has been stable across timeframes, ranging from 0.76 to 0.84 - a consistent structural relationship.
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Return for Risk
ETHA.DE vs. CSDA.DE — Risk / Return Rank
ETHA.DE
CSDA.DE
ETHA.DE vs. CSDA.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 Staked Cardano EUR (CSDA.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 | CSDA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.54 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.78 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.91 | +0.36 |
| Martin ratioReturn relative to average drawdown | -0.94 | -1.43 | +0.49 |
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 | CSDA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -1.04 | +0.47 |
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 | -0.33 | +0.32 |
Drawdowns
ETHA.DE vs. CSDA.DE - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, smaller than the maximum CSDA.DE drawdown of -85.65%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and CSDA.DE.
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Drawdown Indicators
| ETHA.DE | CSDA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -85.65% | +8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -61.72% | -79.03% | +17.31% |
Max Drawdown (3Y)Largest decline over 3 years | -64.71% | -85.65% | +20.94% |
Max Drawdown (5Y)Largest decline over 5 years | -76.82% | — | — |
Current DrawdownCurrent decline from peak | -64.41% | -85.65% | +21.24% |
Average DrawdownAverage peak-to-trough decline | -43.74% | -58.16% | +14.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 50.71% | -14.36% |
Volatility
ETHA.DE vs. CSDA.DE - Volatility Comparison
The current volatility for 21Shares Ethereum Staking ETP (ETHA.DE) is 10.14%, while CoinShares Physical Staked Cardano EUR (CSDA.DE) has a volatility of 16.06%. This indicates that ETHA.DE experiences smaller price fluctuations and is considered to be less risky than CSDA.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 | CSDA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 16.06% | -5.92% |
Volatility (6M)Calculated over the trailing 6-month period | 42.04% | 48.32% | -6.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.62% | 69.23% | -9.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.07% | 83.33% | -16.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.50% | 83.33% | -13.83% |
ETHA.DE vs. CSDA.DE - Expense Ratio Comparison
ETHA.DE has a 1.49% expense ratio, which is higher than CSDA.DE's 0.00% expense ratio.
Dividends
ETHA.DE vs. CSDA.DE - Dividend Comparison
Neither ETHA.DE nor CSDA.DE has paid dividends to shareholders.
Frequently Asked Questions
ETHA.DE and CSDA.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CSDA.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSDA.DE is cheaper with a 0.00% expense ratio, compared with 1.49% for ETHA.DE.
They also come from different issuers: 21Shares and CoinShares. Their fees differ too: 1.49% for ETHA.DE and 0.00% for CSDA.DE.
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