POLY.DE vs. SLNC.DE
POLY.DE (21Shares Polygon ETP) and SLNC.DE (CoinShares FTX Physical Staked Solana EUR) are both Cryptocurrency funds. Both are actively managed. Over the past 3 years, POLY.DE returned -55.24%/yr vs 49.86%/yr for SLNC.DE. A 0.67 correlation means they provide meaningful diversification when combined. POLY.DE charges 2.50%/yr vs 0.00%/yr for SLNC.DE.
Performance
POLY.DE vs. SLNC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, POLY.DE achieves a -12.28% return, which is significantly higher than SLNC.DE's -42.42% return.
POLY.DE
- 1D
- -3.94%
- 1M
- -6.65%
- YTD
- -12.28%
- 6M
- -24.90%
- 1Y
- -58.87%
- 3Y*
- -55.24%
- 5Y*
- —
- 10Y*
- —
SLNC.DE
- 1D
- -5.24%
- 1M
- -20.26%
- YTD
- -42.42%
- 6M
- -46.70%
- 1Y
- -53.19%
- 3Y*
- 49.86%
- 5Y*
- —
- 10Y*
- —
POLY.DE vs. SLNC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
POLY.DE 21Shares Polygon ETP | -12.28% | -80.84% | -51.82% | 25.34% | -49.25% |
SLNC.DE CoinShares FTX Physical Staked Solana EUR | -42.42% | -40.96% | 94.71% | 1,027.77% | -91.51% |
Correlation
The correlation between POLY.DE and SLNC.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2022 | 0.67 |
The correlation between POLY.DE and SLNC.DE has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.
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Return for Risk
POLY.DE vs. SLNC.DE — Risk / Return Rank
POLY.DE
SLNC.DE
POLY.DE vs. SLNC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Polygon ETP (POLY.DE) and CoinShares FTX Physical Staked Solana EUR (SLNC.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.
| POLY.DE | SLNC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 0.87 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.78 | -0.06 |
| Martin ratioReturn relative to average drawdown | -1.23 | -1.25 | +0.01 |
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
| POLY.DE | SLNC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.90 | -0.85 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.59 | -0.06 | -0.53 |
Drawdowns
POLY.DE vs. SLNC.DE - Drawdown Comparison
The maximum POLY.DE drawdown since its inception was -95.39%, roughly equal to the maximum SLNC.DE drawdown of -92.51%. Use the drawdown chart below to compare losses from any high point for POLY.DE and SLNC.DE.
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Drawdown Indicators
| POLY.DE | SLNC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.39% | -92.51% | -2.88% |
Max Drawdown (1Y)Largest decline over 1 year | -71.60% | -70.93% | -0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -94.25% | -75.00% | -19.25% |
Current DrawdownCurrent decline from peak | -94.90% | -75.00% | -19.90% |
Average DrawdownAverage peak-to-trough decline | -63.00% | -50.99% | -12.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 48.51% | 44.24% | +4.27% |
Volatility
POLY.DE vs. SLNC.DE - Volatility Comparison
The current volatility for 21Shares Polygon ETP (POLY.DE) is 12.50%, while CoinShares FTX Physical Staked Solana EUR (SLNC.DE) has a volatility of 14.87%. This indicates that POLY.DE experiences smaller price fluctuations and is considered to be less risky than SLNC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POLY.DE | SLNC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.50% | 14.87% | -2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 45.25% | 44.95% | +0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 66.42% | 65.09% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 85.43% | 92.13% | -6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.43% | 92.13% | -6.70% |
POLY.DE vs. SLNC.DE - Expense Ratio Comparison
POLY.DE has a 2.50% expense ratio, which is higher than SLNC.DE's 0.00% expense ratio.
Dividends
POLY.DE vs. SLNC.DE - Dividend Comparison
Neither POLY.DE nor SLNC.DE has paid dividends to shareholders.
Frequently Asked Questions
POLY.DE and SLNC.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SLNC.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SLNC.DE is cheaper with a 0.00% expense ratio, compared with 2.50% for POLY.DE.
They also come from different issuers: 21Shares and CoinShares. Their fees differ too: 2.50% for POLY.DE and 0.00% for SLNC.DE.
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