HDX1.DE vs. 21XL.DE
HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) and 21XL.DE (21Shares Chainlink ETP) are both Cryptocurrency funds. HDX1.DE is passively managed, while 21XL.DE is actively managed. Over the past 3 years, HDX1.DE returned 19.29%/yr vs 3.61%/yr for 21XL.DE. A 0.74 correlation means they provide meaningful diversification when combined. HDX1.DE charges 1.00%/yr vs 2.50%/yr for 21XL.DE.
Performance
HDX1.DE vs. 21XL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDX1.DE achieves a -27.98% return, which is significantly higher than 21XL.DE's -31.20% return.
HDX1.DE
- 1D
- 0.00%
- 1M
- 0.70%
- 6M
- -34.42%
- YTD
- -27.98%
- 1Y
- -47.81%
- 3Y*
- 19.29%
- 5Y*
- —
- 10Y*
- —
21XL.DE
- 1D
- 0.00%
- 1M
- 4.06%
- 6M
- -37.51%
- YTD
- -31.20%
- 1Y
- -51.08%
- 3Y*
- 3.61%
- 5Y*
- —
- 10Y*
- —
HDX1.DE vs. 21XL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -27.98% | -21.32% | 108.60% | 133.00% | -26.82% |
21XL.DE 21Shares Chainlink ETP | -31.20% | -48.85% | 35.52% | 175.51% | -24.85% |
Correlation
The correlation between HDX1.DE and 21XL.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.74 |
The correlation between HDX1.DE and 21XL.DE shifts across timeframes, from 0.74 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HDX1.DE vs. 21XL.DE — Risk / Return Rank
HDX1.DE
21XL.DE
HDX1.DE vs. 21XL.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 Chainlink ETP (21XL.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.
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.
| HDX1.DE | 21XL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.89 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.70 | -0.15 |
| Martin ratioReturn relative to average drawdown | -1.33 | -0.97 | -0.36 |
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Drawdowns
HDX1.DE vs. 21XL.DE - Drawdown Comparison
The maximum HDX1.DE drawdown since its inception was -56.57%, smaller than the maximum 21XL.DE drawdown of -78.57%. Use the drawdown chart below to compare losses from any high point for HDX1.DE and 21XL.DE.
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Drawdown Indicators
| HDX1.DE | 21XL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -78.57% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -56.57% | -72.90% | +16.33% |
Max Drawdown (3Y)Largest decline over 3 years | -56.57% | -78.57% | +22.00% |
Current DrawdownCurrent decline from peak | -51.70% | -74.78% | +23.08% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -47.50% | +30.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.94% | 52.64% | -16.70% |
Volatility
HDX1.DE vs. 21XL.DE - Volatility Comparison
The current volatility for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) is 10.36%, while 21Shares Chainlink ETP (21XL.DE) has a volatility of 12.87%. This indicates that HDX1.DE experiences smaller price fluctuations and is considered to be less risky than 21XL.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 | 21XL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 12.87% | -2.51% |
Volatility (6M)Calculated over the trailing 6-month period | 31.54% | 40.69% | -9.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.13% | 70.23% | -26.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.37% | 85.41% | -35.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 50.37% | 85.41% | -35.04% |
HDX1.DE vs. 21XL.DE - Expense Ratio Comparison
HDX1.DE has a 1.00% expense ratio, which is lower than 21XL.DE's 2.50% expense ratio.
Dividends
HDX1.DE vs. 21XL.DE - Dividend Comparison
Neither HDX1.DE nor 21XL.DE has paid dividends to shareholders.
Frequently Asked Questions
HDX1.DE and 21XL.DE have a correlation of 0.88, 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 21XL.DE.
They also come from different issuers: Hashdex and 21Shares. Their fees differ too: 1.00% for HDX1.DE and 2.50% for 21XL.DE.
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