ETHC.DE vs. CDOT.DE
ETHC.DE (21Shares Ethereum Core Staking ETP) and CDOT.DE (CoinShares Physical Staked Polkadot EUR ETP) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, ETHC.DE returned -3.71%/yr vs -39.90%/yr for CDOT.DE. A 0.75 correlation means they provide meaningful diversification when combined. ETHC.DE charges 0.10%/yr vs 0.00%/yr for CDOT.DE.
Performance
ETHC.DE vs. CDOT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ETHC.DE having a -39.39% return and CDOT.DE slightly lower at -40.09%.
ETHC.DE
- 1D
- -3.70%
- 1M
- -24.79%
- YTD
- -39.39%
- 6M
- -43.92%
- 1Y
- -33.47%
- 3Y*
- -3.71%
- 5Y*
- —
- 10Y*
- —
CDOT.DE
- 1D
- -4.83%
- 1M
- -15.78%
- YTD
- -40.09%
- 6M
- -53.26%
- 1Y
- -73.47%
- 3Y*
- -39.90%
- 5Y*
- —
- 10Y*
- —
ETHC.DE vs. CDOT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ETHC.DE 21Shares Ethereum Core Staking ETP | -39.39% | -21.50% | 52.05% | 90.66% | -17.54% |
CDOT.DE CoinShares Physical Staked Polkadot EUR ETP | -40.09% | -75.15% | -10.53% | 101.17% | -37.42% |
Correlation
The correlation between ETHC.DE and CDOT.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2022 | 0.75 |
The correlation between ETHC.DE and CDOT.DE has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
ETHC.DE vs. CDOT.DE — Risk / Return Rank
ETHC.DE
CDOT.DE
ETHC.DE vs. CDOT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum Core Staking ETP (ETHC.DE) and CoinShares Physical Staked Polkadot EUR ETP (CDOT.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.
| ETHC.DE | CDOT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.77 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.97 | +0.42 |
| Martin ratioReturn relative to average drawdown | -0.92 | -1.49 | +0.57 |
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
| ETHC.DE | CDOT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | -1.01 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.60 | +0.65 |
Drawdowns
ETHC.DE vs. CDOT.DE - Drawdown Comparison
The maximum ETHC.DE drawdown since its inception was -64.71%, smaller than the maximum CDOT.DE drawdown of -94.66%. Use the drawdown chart below to compare losses from any high point for ETHC.DE and CDOT.DE.
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Drawdown Indicators
| ETHC.DE | CDOT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.71% | -94.66% | +29.95% |
Max Drawdown (1Y)Largest decline over 1 year | -61.46% | -75.82% | +14.36% |
Max Drawdown (3Y)Largest decline over 3 years | -64.71% | -90.64% | +25.93% |
Current DrawdownCurrent decline from peak | -61.46% | -94.66% | +33.20% |
Average DrawdownAverage peak-to-trough decline | -23.30% | -70.87% | +47.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.26% | 49.28% | -13.02% |
Volatility
ETHC.DE vs. CDOT.DE - Volatility Comparison
The current volatility for 21Shares Ethereum Core Staking ETP (ETHC.DE) is 10.10%, while CoinShares Physical Staked Polkadot EUR ETP (CDOT.DE) has a volatility of 16.86%. This indicates that ETHC.DE experiences smaller price fluctuations and is considered to be less risky than CDOT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETHC.DE | CDOT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.10% | 16.86% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 42.36% | 51.99% | -9.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.70% | 72.57% | -12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.52% | 77.58% | -17.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.52% | 77.58% | -17.06% |
ETHC.DE vs. CDOT.DE - Expense Ratio Comparison
ETHC.DE has a 0.10% expense ratio, which is higher than CDOT.DE's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ETHC.DE vs. CDOT.DE - Dividend Comparison
Neither ETHC.DE nor CDOT.DE has paid dividends to shareholders.
Frequently Asked Questions
ETHC.DE and CDOT.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CDOT.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CDOT.DE is cheaper with a 0.00% expense ratio, compared with 0.10% for ETHC.DE.
They also come from different issuers: 21Shares and CoinShares. Their fees differ too: 0.10% for ETHC.DE and 0.00% for CDOT.DE.
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