HDX1.DE vs. 21XJ.DE
HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) and 21XJ.DE (21Shares Binance BNB ETP) are both Cryptocurrency funds. HDX1.DE is passively managed, while 21XJ.DE is actively managed. Over the past 3 years, HDX1.DE returned 19.62%/yr vs 22.53%/yr for 21XJ.DE. A 0.64 correlation means they provide meaningful diversification when combined. HDX1.DE charges 1.00%/yr vs 2.50%/yr for 21XJ.DE.
Performance
HDX1.DE vs. 21XJ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with HDX1.DE having a -29.97% return and 21XJ.DE slightly higher at -29.43%.
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.06%
- YTD
- -29.97%
- 6M
- -32.20%
- 1Y
- -41.17%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
21XJ.DE
- 1D
- -4.90%
- 1M
- -3.86%
- YTD
- -29.43%
- 6M
- -34.19%
- 1Y
- -13.35%
- 3Y*
- 22.53%
- 5Y*
- —
- 10Y*
- —
HDX1.DE vs. 21XJ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
21XJ.DE 21Shares Binance BNB ETP | -29.43% | 6.81% | 124.46% | 23.94% | -19.53% |
Correlation
The correlation between HDX1.DE and 21XJ.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.64 |
The correlation between HDX1.DE and 21XJ.DE shifts across timeframes, from 0.64 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HDX1.DE vs. 21XJ.DE — Risk / Return Rank
HDX1.DE
21XJ.DE
HDX1.DE vs. 21XJ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) and 21Shares Binance BNB ETP (21XJ.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.
| HDX1.DE | 21XJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.99 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.24 | -0.55 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.39 | -0.97 |
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
| HDX1.DE | 21XJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | -0.28 | -0.69 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.08 | +0.30 |
Drawdowns
HDX1.DE vs. 21XJ.DE - Drawdown Comparison
The maximum HDX1.DE drawdown since its inception was -53.03%, smaller than the maximum 21XJ.DE drawdown of -56.06%. Use the drawdown chart below to compare losses from any high point for HDX1.DE and 21XJ.DE.
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Drawdown Indicators
| HDX1.DE | 21XJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.03% | -56.06% | +3.03% |
Max Drawdown (1Y)Largest decline over 1 year | -53.03% | -56.06% | +3.03% |
Max Drawdown (3Y)Largest decline over 3 years | -53.03% | -56.06% | +3.03% |
Current DrawdownCurrent decline from peak | -53.03% | -54.01% | +0.98% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -27.87% | +11.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.87% | 34.08% | -3.21% |
Volatility
HDX1.DE vs. 21XJ.DE - Volatility Comparison
The current volatility for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) is 10.07%, while 21Shares Binance BNB ETP (21XJ.DE) has a volatility of 13.53%. This indicates that HDX1.DE experiences smaller price fluctuations and is considered to be less risky than 21XJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDX1.DE | 21XJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 13.53% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 32.86% | 32.59% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.43% | 47.90% | -4.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.02% | 54.02% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.02% | 54.02% | -3.00% |
HDX1.DE vs. 21XJ.DE - Expense Ratio Comparison
HDX1.DE has a 1.00% expense ratio, which is lower than 21XJ.DE's 2.50% expense ratio.
Dividends
HDX1.DE vs. 21XJ.DE - Dividend Comparison
Neither HDX1.DE nor 21XJ.DE has paid dividends to shareholders.
Frequently Asked Questions
HDX1.DE and 21XJ.DE have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 2.50% for 21XJ.DE.
They also come from different issuers: Hashdex and 21Shares. Their fees differ too: 1.00% for HDX1.DE and 2.50% for 21XJ.DE.
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