ETHA.DE vs. HDX1.DE
ETHA.DE (21Shares Ethereum Staking ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. ETHA.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, ETHA.DE returned -4.07%/yr vs 19.62%/yr for HDX1.DE. Their correlation of 0.83 suggests significant overlap in exposure. ETHA.DE charges 1.49%/yr vs 1.00%/yr for HDX1.DE.
Performance
ETHA.DE vs. HDX1.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 HDX1.DE's -29.97% 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*
- —
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
ETHA.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETHA.DE 21Shares Ethereum Staking ETP | -39.59% | -22.34% | 52.23% | 90.31% | -32.11% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
Correlation
The correlation between ETHA.DE and HDX1.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.83 |
The correlation between ETHA.DE and HDX1.DE has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.
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Return for Risk
ETHA.DE vs. HDX1.DE — Risk / Return Rank
ETHA.DE
HDX1.DE
ETHA.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.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 | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.85 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.79 | +0.24 |
| Martin ratioReturn relative to average drawdown | -0.94 | -1.36 | +0.42 |
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 | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -0.96 | +0.39 |
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 | 0.39 | -0.40 |
Drawdowns
ETHA.DE vs. HDX1.DE - Drawdown Comparison
The maximum ETHA.DE drawdown since its inception was -76.82%, which is greater than HDX1.DE's maximum drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and HDX1.DE.
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Drawdown Indicators
| ETHA.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -53.03% | -23.79% |
Max Drawdown (1Y)Largest decline over 1 year | -61.72% | -53.03% | -8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -64.71% | -53.03% | -11.68% |
Max Drawdown (5Y)Largest decline over 5 years | -76.82% | — | — |
Current DrawdownCurrent decline from peak | -64.41% | -53.03% | -11.38% |
Average DrawdownAverage peak-to-trough decline | -43.74% | -16.03% | -27.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.35% | 30.87% | +5.48% |
Volatility
ETHA.DE vs. HDX1.DE - Volatility Comparison
21Shares Ethereum Staking ETP (ETHA.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) have volatilities of 10.14% and 10.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHA.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 10.07% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 42.04% | 32.86% | +9.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.62% | 43.43% | +16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.07% | 51.02% | +16.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.50% | 51.02% | +18.48% |
ETHA.DE vs. HDX1.DE - Expense Ratio Comparison
ETHA.DE has a 1.49% expense ratio, which is higher than HDX1.DE's 1.00% expense ratio.
Dividends
ETHA.DE vs. HDX1.DE - Dividend Comparison
Neither ETHA.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, ETHA.DE and HDX1.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, HDX1.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HDX1.DE is cheaper with a 1.00% expense ratio, compared with 1.49% for ETHA.DE.
They also come from different issuers: 21Shares and Hashdex. Their fees differ too: 1.49% for ETHA.DE and 1.00% for HDX1.DE.
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