LEGR vs. DECO

Last updated Jun 4, 2026

LEGR (First Trust Indxx Innovative Transaction & Process ETF) and DECO (State Street Galaxy Digital Asset Ecosystem ETF) are both Blockchain funds. LEGR is passively managed, while DECO is actively managed. Over the past year, LEGR returned 30.64% vs 167.73% for DECO. A 0.61 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

LEGR vs. DECO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Innovative Transaction & Process ETF (LEGR) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LEGR achieves a 12.39% return, which is significantly lower than DECO's 79.56% return.

LEGR

• 1D: -1.50%
• 1M: 7.23%
• YTD: 12.39%
• 6M: 15.64%
• 1Y: 30.64%
• 3Y*: 23.83%
• 5Y*: 11.82%
• 10Y*: —

DECO

• 1D: 0.01%
• 1M: 39.50%
• YTD: 79.56%
• 6M: 62.77%
• 1Y: 167.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

LEGR vs. DECO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LEGR First Trust Indxx Innovative Transaction & Process ETF	12.39%	30.83%	5.91%
DECO State Street Galaxy Digital Asset Ecosystem ETF	79.56%	42.48%	29.54%

Correlation

The correlation between LEGR and DECO is 0.64, 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	0.64
Correlation (All Time) Calculated using the full available price history since Sep 11, 2024	0.61

The correlation between LEGR and DECO has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.

LEGR vs. DECO - Sectors Allocation Comparison

Sectors	LEGR	DECO
Financial Services	42.5%	44.9%
Technology	27.3%	47.6%
Communication Services	8.9%	-
Consumer Cyclical	8.5%	-
Industrials	5.6%	5.2%
Utilities	2.1%	-
Basic Materials	1.6%	1.8%
Consumer Defensive	1.4%	-
Healthcare	1.3%	-
Energy	0.8%	-
Real Estate	-	-

Return for Risk

LEGR vs. DECO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LEGR

LEGR Risk / Return Rank: 64
LEGR Sharpe Ratio Rank: 68
LEGR Sortino Ratio Rank: 67
LEGR Omega Ratio Rank: 65
LEGR Calmar Ratio Rank: 59
LEGR Martin Ratio Rank: 62

DECO

DECO Risk / Return Rank: 89
DECO Sharpe Ratio Rank: 95
DECO Sortino Ratio Rank: 87
DECO Omega Ratio Rank: 82
DECO Calmar Ratio Rank: 93
DECO Martin Ratio Rank: 87

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LEGR vs. DECO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Innovative Transaction & Process ETF (LEGR) and State Street Galaxy Digital Asset Ecosystem ETF (DECO). 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.

	LEGR	DECO	Difference
Sharpe ratio: Return per unit of total volatility	2.26	3.80	-1.54
Sortino ratio: Return per unit of downside risk	3.10	3.94	-0.84
Omega ratio: Gain probability vs. loss probability	1.40	1.49	-0.10
Calmar ratio: Return relative to maximum drawdown	2.96	6.59	-3.63
Martin ratio: Return relative to average drawdown	11.21	18.43	-7.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEGR vs. DECO - Sharpe Ratio Comparison

The current LEGR Sharpe Ratio is 2.26, which is lower than the DECO Sharpe Ratio of 3.80. The chart below compares the historical Sharpe Ratios of LEGR and DECO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	LEGR	DECO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.26	3.80	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	1.96	-1.36

Drawdowns

LEGR vs. DECO - Drawdown Comparison

The maximum LEGR drawdown since its inception was -36.12%, smaller than the maximum DECO drawdown of -47.71%. Use the drawdown chart below to compare losses from any high point for LEGR and DECO.

Drawdown Indicators

	LEGR	DECO	Difference
Max Drawdown Largest peak-to-trough decline	-36.12%	-47.71%	+11.59%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-25.60%	+15.20%
Max Drawdown (3Y) Largest decline over 3 years	-14.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.45%	—	—
Current Drawdown Current decline from peak	-1.50%	-0.33%	-1.17%
Average Drawdown Average peak-to-trough decline	-6.61%	-11.67%	+5.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	9.14%	-6.40%

Volatility

LEGR vs. DECO - Volatility Comparison

The current volatility for First Trust Indxx Innovative Transaction & Process ETF (LEGR) is 4.93%, while State Street Galaxy Digital Asset Ecosystem ETF (DECO) has a volatility of 11.53%. This indicates that LEGR experiences smaller price fluctuations and is considered to be less risky than DECO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LEGR	DECO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	11.53%	-6.60%
Volatility (6M) Calculated over the trailing 6-month period	11.22%	33.83%	-22.61%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	44.46%	-30.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.96%	51.50%	-34.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.31%	51.50%	-31.19%

LEGR vs. DECO - Expense Ratio Comparison

Both LEGR and DECO have an expense ratio of 0.65%.

Dividends

LEGR vs. DECO - Dividend Comparison

LEGR's dividend yield for the trailing twelve months is around 1.67%, more than DECO's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DECO State Street Galaxy Digital Asset Ecosystem ETF	0.64%	1.16%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.67%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%

Frequently Asked Questions

Can I hold both LEGR and DECO in my portfolio?

LEGR and DECO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEGR or DECO?

DECO has higher volatility (11.53%) compared to LEGR (4.93%). In terms of maximum drawdown, LEGR dropped -36.12% vs DECO's -47.71%.

Which ETF is better, LEGR or DECO?

On 1-year performance, DECO leads with 167.73% vs 30.64% for LEGR. Both ETFs have the same 0.65% expense ratio. On volatility, LEGR has been the lower-risk option at 4.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LEGR or DECO?

Over the 1-year period, DECO has performed better with a 167.73% return vs 30.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LEGR or DECO?

LEGR and DECO have the same expense ratio: 0.65% per year.

Which ETF pays a higher dividend yield, LEGR or DECO?

LEGR has the higher dividend yield at 1.67%, compared with 0.64% for DECO.

What is the main difference between LEGR and DECO?

They also come from different issuers: First Trust and State Street.

Which has better risk-adjusted returns?

DECO currently has the higher Sharpe Ratio (3.80 vs 2.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.