ETHA.DE vs. LGAG.L

Last updated Jun 5, 2026

ETHA.DE (21Shares Ethereum Staking ETP) and LGAG.L (L&G Asia Pacific ex Japan Equity UCITS ETF) are both exchange-traded funds - ETHA.DE is a Cryptocurrency fund actively managed by 21Shares, while LGAG.L is a Asia Pacific Equities fund tracking the MSCI Pacific Ex Japan NR USD. ETHA.DE is actively managed, while LGAG.L is passively managed. Over the past 5 years, ETHA.DE returned -6.03%/yr vs 5.54%/yr for LGAG.L. At a 0.32 correlation, their price movements are largely independent. ETHA.DE charges 1.49%/yr vs 0.10%/yr for LGAG.L.

Performance

ETHA.DE vs. LGAG.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in 21Shares Ethereum Staking ETP (ETHA.DE) and L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ETHA.DE is traded in EUR, while LGAG.L is traded in GBp. To make them comparable, the LGAG.L 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 -39.59% return, which is significantly lower than LGAG.L's 9.75% 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*: —

LGAG.L

• 1D: -0.78%
• 1M: 0.08%
• YTD: 9.75%
• 6M: 10.40%
• 1Y: 14.16%
• 3Y*: 10.12%
• 5Y*: 5.54%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ETHA.DE vs. LGAG.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ETHA.DE 21Shares Ethereum Staking ETP	-39.59%	-22.34%	52.23%	90.31%	-66.47%	111.78%
LGAG.L L&G Asia Pacific ex Japan Equity UCITS ETF	9.77%	6.68%	11.33%	1.30%	0.17%	2.91%

Correlation

The correlation between ETHA.DE and LGAG.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (All Time) Calculated using the full available price history since Mar 10, 2021	0.32

Return for Risk

ETHA.DE vs. LGAG.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ETHA.DE

ETHA.DE Risk / Return Rank: 5
ETHA.DE Sharpe Ratio Rank: 4
ETHA.DE Sortino Ratio Rank: 5
ETHA.DE Omega Ratio Rank: 5
ETHA.DE Calmar Ratio Rank: 4
ETHA.DE Martin Ratio Rank: 5

LGAG.L

LGAG.L Risk / Return Rank: 46
LGAG.L Sharpe Ratio Rank: 45
LGAG.L Sortino Ratio Rank: 47
LGAG.L Omega Ratio Rank: 44
LGAG.L Calmar Ratio Rank: 49
LGAG.L Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ETHA.DE vs. LGAG.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Staking ETP (ETHA.DE) and L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L). 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	LGAG.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.57	1.20	-1.78
Sortino ratio: Return per unit of downside risk	-0.57	1.85	-2.43
Omega ratio: Gain probability vs. loss probability	0.94	1.22	-0.28
Calmar ratio: Return relative to maximum drawdown	-0.55	2.23	-2.78
Martin ratio: Return relative to average drawdown	-0.94	6.44	-7.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ETHA.DE vs. LGAG.L - Sharpe Ratio Comparison

The current ETHA.DE Sharpe Ratio is -0.57, which is lower than the LGAG.L Sharpe Ratio of 1.20. The chart below compares the historical Sharpe Ratios of ETHA.DE and LGAG.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ETHA.DE	LGAG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	1.20	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.26	-0.35
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.16	-0.17

Drawdowns

ETHA.DE vs. LGAG.L - Drawdown Comparison

The maximum ETHA.DE drawdown since its inception was -76.82%, which is greater than LGAG.L's maximum drawdown of -39.10%. Use the drawdown chart below to compare losses from any high point for ETHA.DE and LGAG.L.

Drawdown Indicators

	ETHA.DE	LGAG.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.82%	-39.10%	-37.72%
Max Drawdown (1Y) Largest decline over 1 year	-61.72%	-6.32%	-55.40%
Max Drawdown (3Y) Largest decline over 3 years	-64.71%	-25.16%	-39.55%
Max Drawdown (5Y) Largest decline over 5 years	-76.82%	-25.16%	-51.66%
Current Drawdown Current decline from peak	-64.41%	-2.13%	-62.28%
Average Drawdown Average peak-to-trough decline	-43.74%	-10.21%	-33.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	36.35%	2.20%	+34.15%

Volatility

ETHA.DE vs. LGAG.L - Volatility Comparison

21Shares Ethereum Staking ETP (ETHA.DE) has a higher volatility of 10.14% compared to L&G Asia Pacific ex Japan Equity UCITS ETF (LGAG.L) at 3.91%. This indicates that ETHA.DE's price experiences larger fluctuations and is considered to be riskier than LGAG.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETHA.DE	LGAG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	3.91%	+6.23%
Volatility (6M) Calculated over the trailing 6-month period	42.04%	8.93%	+33.11%
Volatility (1Y) Calculated over the trailing 1-year period	59.62%	11.72%	+47.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.07%	21.15%	+45.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.50%	23.07%	+46.43%

ETHA.DE vs. LGAG.L - Expense Ratio Comparison

ETHA.DE has a 1.49% expense ratio, which is higher than LGAG.L's 0.10% expense ratio.

Dividends

ETHA.DE vs. LGAG.L - Dividend Comparison

Neither ETHA.DE nor LGAG.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ETHA.DE and LGAG.L in my portfolio?

ETHA.DE and LGAG.L have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ETHA.DE or LGAG.L?

On fees, LGAG.L is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ETHA.DE or LGAG.L?

LGAG.L is cheaper with a 0.10% expense ratio, compared with 1.49% for ETHA.DE.

What is the main difference between ETHA.DE and LGAG.L?

ETHA.DE is categorized as Cryptocurrency, while LGAG.L is Asia Pacific Equities. They also come from different issuers: 21Shares and Legal & General. Their fees differ too: 1.49% for ETHA.DE and 0.10% for LGAG.L.