HDXM.DE vs. MJMT.DE
HDXM.DE (Hashdex Crypto Momentum Factor ETN) and MJMT.DE (Amundi MSCI Europe Momentum Factor UCITS ETF EUR) are both Momentum funds - HDXM.DE tracks the Kaiko Hashdex Risk Parity Momentum Crypto Index while MJMT.DE tracks the MSCI Europe Momentum Index. Both are passively managed. Over the past 3 years, HDXM.DE returned 9.76%/yr vs 20.41%/yr for MJMT.DE. At a 0.24 correlation, their price movements are largely independent. HDXM.DE charges 1.49%/yr vs 0.23%/yr for MJMT.DE.
Performance
HDXM.DE vs. MJMT.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, HDXM.DE achieves a -25.14% return, which is significantly lower than MJMT.DE's 8.02% return.
HDXM.DE
- 1D
- -4.80%
- 1M
- -13.98%
- YTD
- -25.14%
- 6M
- -27.58%
- 1Y
- -38.02%
- 3Y*
- 9.76%
- 5Y*
- —
- 10Y*
- —
MJMT.DE
- 1D
- 0.03%
- 1M
- 1.15%
- YTD
- 8.02%
- 6M
- 12.09%
- 1Y
- 17.13%
- 3Y*
- 20.41%
- 5Y*
- 11.41%
- 10Y*
- —
HDXM.DE vs. MJMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
HDXM.DE Hashdex Crypto Momentum Factor ETN | -25.14% | -35.51% | 65.37% | 130.19% | -31.57% |
MJMT.DE Amundi MSCI Europe Momentum Factor UCITS ETF EUR | 8.02% | 27.24% | 19.93% | 13.04% | 0.88% |
Correlation
The correlation between HDXM.DE and MJMT.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2022 | 0.24 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
HDXM.DE vs. MJMT.DE — Risk / Return Rank
HDXM.DE
MJMT.DE
HDXM.DE vs. MJMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hashdex Crypto Momentum Factor ETN (HDXM.DE) and Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.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.
| HDXM.DE | MJMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.87 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 1.19 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.51 | -2.23 |
| Martin ratioReturn relative to average drawdown | -1.13 | 5.64 | -6.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| HDXM.DE | MJMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.92 | 1.03 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.69 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.70 | -0.57 |
Drawdowns
HDXM.DE vs. MJMT.DE - Drawdown Comparison
The maximum HDXM.DE drawdown since its inception was -63.33%, which is greater than MJMT.DE's maximum drawdown of -31.35%. Use the drawdown chart below to compare losses from any high point for HDXM.DE and MJMT.DE.
Loading charts...
Drawdown Indicators
| HDXM.DE | MJMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.33% | -31.35% | -31.98% |
Max Drawdown (1Y)Largest decline over 1 year | -54.05% | -11.56% | -42.49% |
Max Drawdown (3Y)Largest decline over 3 years | -63.33% | -15.62% | -47.71% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.84% | — |
Current DrawdownCurrent decline from peak | -63.33% | -1.36% | -61.97% |
Average DrawdownAverage peak-to-trough decline | -25.50% | -5.33% | -20.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.34% | 3.10% | +31.24% |
Volatility
HDXM.DE vs. MJMT.DE - Volatility Comparison
Hashdex Crypto Momentum Factor ETN (HDXM.DE) has a higher volatility of 10.35% compared to Amundi MSCI Europe Momentum Factor UCITS ETF EUR (MJMT.DE) at 4.49%. This indicates that HDXM.DE's price experiences larger fluctuations and is considered to be riskier than MJMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| HDXM.DE | MJMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.35% | 4.49% | +5.86% |
Volatility (6M)Calculated over the trailing 6-month period | 28.32% | 14.45% | +13.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.44% | 16.95% | +25.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 52.73% | 16.32% | +36.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.73% | 16.24% | +36.49% |
HDXM.DE vs. MJMT.DE - Expense Ratio Comparison
HDXM.DE has a 1.49% expense ratio, which is higher than MJMT.DE's 0.23% expense ratio.
Dividends
HDXM.DE vs. MJMT.DE - Dividend Comparison
Neither HDXM.DE nor MJMT.DE has paid dividends to shareholders.
Frequently Asked Questions
HDXM.DE and MJMT.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MJMT.DE is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MJMT.DE is cheaper with a 0.23% expense ratio, compared with 1.49% for HDXM.DE.
HDXM.DE tracks Kaiko Hashdex Risk Parity Momentum Crypto Index, while MJMT.DE tracks MSCI Europe Momentum Index. They also come from different issuers: Hashdex and Amundi. Their fees differ too: 1.49% for HDXM.DE and 0.23% for MJMT.DE.
Find the right allocation for HDXM.DE and MJMT.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer