ETHA.DE vs. EURUSD=X
ETHA.DE (21Shares Ethereum Staking ETP) is Cryptocurrency fund actively managed by 21Shares, while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 3 years, ETHA.DE returned -7.20%/yr vs 0.01%/yr for EURUSD=X. At a 0.03 correlation, their price movements are largely independent.
Performance
ETHA.DE vs. EURUSD=X - Performance Comparison
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Different Trading Currencies
ETHA.DE is traded in EUR, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ETHA.DE achieves a -45.84% return, which is significantly lower than EURUSD=X's 0.04% return.
ETHA.DE
- 1D
- 0.00%
- 1M
- -23.09%
- YTD
- -45.84%
- 6M
- -45.24%
- 1Y
- -33.71%
- 3Y*
- -7.20%
- 5Y*
- —
- 10Y*
- —
EURUSD=X
- 1D
- 0.00%
- 1M
- 0.07%
- YTD
- 0.04%
- 6M
- 0.04%
- 1Y
- 0.02%
- 3Y*
- 0.01%
- 5Y*
- 0.01%
- 10Y*
- -0.01%
ETHA.DE vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -45.84% | -22.34% | 52.23% | 90.31% | -66.47% | -0.42% |
EURUSD=X Euro / U.S. Dollar | 0.01% | -0.03% | 0.01% | 0.07% | -0.18% | 0.12% |
Correlation
The correlation between ETHA.DE and EURUSD=X is 0.04, 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 | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2021 | 0.03 |
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Return for Risk
ETHA.DE vs. EURUSD=X — Risk / Return Rank
ETHA.DE
EURUSD=X
ETHA.DE vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) and Euro / U.S. Dollar (EURUSD=X). 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.
| ETHA.DE | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.60 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.01 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 0.05 | -0.56 |
| Martin ratioReturn relative to average drawdown | -0.86 | 0.22 | -1.08 |
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Drawdowns
ETHA.DE vs. EURUSD=X - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, which is greater than EURUSD=X's maximum drawdown of -1.76%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and EURUSD=X.
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Drawdown Indicators
| ETHA.DE | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -1.76% | -75.06% |
Max Drawdown (1Y)Largest decline over 1 year | -65.69% | -0.43% | -65.26% |
Max Drawdown (3Y)Largest decline over 3 years | -65.69% | -0.81% | -64.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.22% | — |
Current DrawdownCurrent decline from peak | -68.10% | -0.70% | -67.40% |
Average DrawdownAverage peak-to-trough decline | -45.64% | -0.72% | -44.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 0.10% | +39.24% |
Volatility
ETHA.DE vs. EURUSD=X - Volatility Comparison
21Shares Ethereum Staking ETP (ETHA.DE) has a higher volatility of 18.35% compared to Euro / U.S. Dollar (EURUSD=X) at 0.18%. This indicates that ETHA.DE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X 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 | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.35% | 0.18% | +18.17% |
Volatility (6M)Calculated over the trailing 6-month period | 40.87% | 0.58% | +40.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.46% | 0.75% | +58.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.57% | 0.74% | +65.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.57% | 1.14% | +65.43% |
Frequently Asked Questions
ETHA.DE and EURUSD=X have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for ETHA.DE and EURUSD=X
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