HDX1.DE vs. XLME.DE
HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) and XLME.DE (21Shares Stellar ETP) are both Cryptocurrency funds. HDX1.DE is passively managed, while XLME.DE is actively managed. Over the past 3 years, HDX1.DE returned 19.62%/yr vs 25.76%/yr for XLME.DE. A 0.68 correlation means they provide meaningful diversification when combined. HDX1.DE charges 1.00%/yr vs 2.50%/yr for XLME.DE.
Performance
HDX1.DE vs. XLME.DE - Performance Comparison
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Returns By Period
In the year-to-date period, HDX1.DE achieves a -29.97% return, which is significantly lower than XLME.DE's -2.01% return.
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.30%
- YTD
- -29.97%
- 6M
- -35.11%
- 1Y
- -41.94%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
XLME.DE
- 1D
- -6.58%
- 1M
- 31.94%
- YTD
- -2.01%
- 6M
- -18.50%
- 1Y
- -26.44%
- 3Y*
- 25.76%
- 5Y*
- —
- 10Y*
- —
HDX1.DE vs. XLME.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% |
XLME.DE 21Shares Stellar ETP | -2.01% | -45.22% | 165.66% | 71.95% | -35.31% |
Correlation
The correlation between HDX1.DE and XLME.DE is 0.81, 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 | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.68 |
The correlation between HDX1.DE and XLME.DE shifts across timeframes, from 0.68 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
HDX1.DE vs. XLME.DE — Risk / Return Rank
HDX1.DE
XLME.DE
HDX1.DE vs. XLME.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 Stellar ETP (XLME.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 | XLME.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -1.38 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.00 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | -0.37 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.36 | -0.55 | -0.81 |
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 | XLME.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.96 | -0.34 | -0.63 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | -0.10 | +0.49 |
Drawdowns
HDX1.DE vs. XLME.DE - Drawdown Comparison
The maximum HDX1.DE drawdown since its inception was -53.03%, smaller than the maximum XLME.DE drawdown of -82.74%. Use the drawdown chart below to compare losses from any high point for HDX1.DE and XLME.DE.
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Drawdown Indicators
| HDX1.DE | XLME.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.03% | -82.74% | +29.71% |
Max Drawdown (1Y)Largest decline over 1 year | -53.03% | -70.51% | +17.48% |
Max Drawdown (3Y)Largest decline over 3 years | -53.03% | -78.28% | +25.25% |
Current DrawdownCurrent decline from peak | -53.03% | -68.57% | +15.54% |
Average DrawdownAverage peak-to-trough decline | -16.03% | -62.68% | +46.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.87% | 47.90% | -17.03% |
Volatility
HDX1.DE vs. XLME.DE - Volatility Comparison
The current volatility for Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) is 10.07%, while 21Shares Stellar ETP (XLME.DE) has a volatility of 32.82%. This indicates that HDX1.DE experiences smaller price fluctuations and is considered to be less risky than XLME.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 | XLME.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.07% | 32.82% | -22.75% |
Volatility (6M)Calculated over the trailing 6-month period | 32.86% | 51.83% | -18.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.43% | 78.47% | -35.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.02% | 88.68% | -37.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.02% | 88.68% | -37.66% |
HDX1.DE vs. XLME.DE - Expense Ratio Comparison
HDX1.DE has a 1.00% expense ratio, which is lower than XLME.DE's 2.50% expense ratio.
Dividends
HDX1.DE vs. XLME.DE - Dividend Comparison
Neither HDX1.DE nor XLME.DE has paid dividends to shareholders.
Frequently Asked Questions
HDX1.DE and XLME.DE have a correlation of 0.81, 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 XLME.DE.
They also come from different issuers: Hashdex and 21Shares. Their fees differ too: 1.00% for HDX1.DE and 2.50% for XLME.DE.
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