RAND.DE vs. BTCE.DE
RAND.DE (CoinShares Physical Staked Algorand EUR) and BTCE.DE (Bitwise Physical Bitcoin ETP) are both Cryptocurrency funds. Both are actively managed. Over the past year, RAND.DE returned -66.40% vs -44.28% for BTCE.DE. Their 0.63 correlation means they have sometimes moved together and sometimes differently. RAND.DE charges 0.00%/yr vs 2.00%/yr for BTCE.DE.
Performance
RAND.DE vs. BTCE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RAND.DE achieves a -29.20% return, which is significantly lower than BTCE.DE's -26.76% return.
RAND.DE
- 1D
- 1.70%
- 1M
- 2.71%
- 6M
- -8.71%
- YTD
- -29.20%
- 1Y
- -66.40%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.09%
BTCE.DE
- 1D
- 0.00%
- 1M
- 1.37%
- 6M
- -11.75%
- YTD
- -26.76%
- 1Y
- -44.28%
- 3Y*
- 25.27%
- 5Y*
- 7.21%
- 10Y*
- —
- ALL TIME*
- 30.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BTCE.DE Bitwise Physical Bitcoin ETP | €508.71K | €595.77K | €1.12M |
| €17.94K | €22.30K | €26.97K |
RAND.DE vs. BTCE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RAND.DE CoinShares Physical Staked Algorand EUR | -29.20% | -53.97% |
BTCE.DE Bitwise Physical Bitcoin ETP | -26.76% | -21.94% |
Correlation
The correlation between RAND.DE and BTCE.DE is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025 | 0.63 |
The correlation between RAND.DE and BTCE.DE has been stable across timeframes, ranging from 0.63 to 0.64 - a consistent structural relationship.
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Return for Risk
RAND.DE vs. BTCE.DE — Risk / Return Rank
RAND.DE
BTCE.DE
RAND.DE vs. BTCE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Algorand EUR (RAND.DE) and Bitwise Physical Bitcoin ETP (BTCE.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.
| RAND.DE | BTCE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.82 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.84 | -0.08 |
| Martin ratioReturn relative to average drawdown | -1.20 | -1.27 | +0.07 |
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Drawdowns
RAND.DE vs. BTCE.DE - Drawdown Comparison
The maximum RAND.DE drawdown since its inception was -77.46%, roughly equal to the maximum BTCE.DE drawdown of -74.62%. Use the drawdown chart below to compare losses from any high point for RAND.DE and BTCE.DE.
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Drawdown Indicators
| RAND.DE | BTCE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.46% | -74.62% | -2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -74.90% | -53.06% | -21.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -53.06% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.62% | — |
Current DrawdownCurrent decline from peak | -74.09% | -49.09% | -25.00% |
Average DrawdownAverage peak-to-trough decline | -46.39% | -30.88% | -15.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.40% | 35.01% | +21.39% |
Volatility
RAND.DE vs. BTCE.DE - Volatility Comparison
CoinShares Physical Staked Algorand EUR (RAND.DE) has a higher volatility of 14.28% compared to Bitwise Physical Bitcoin ETP (BTCE.DE) at 8.48%. This indicates that RAND.DE's price experiences larger fluctuations and is considered to be riskier than BTCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RAND.DE | BTCE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.28% | 8.48% | +5.80% |
Volatility (6M)Calculated over the trailing 6-month period | 50.44% | 28.87% | +21.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.90% | 40.94% | +30.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 83.40% | 50.69% | +32.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 83.40% | 57.53% | +25.87% |
RAND.DE vs. BTCE.DE - Expense Ratio Comparison
RAND.DE has a 0.00% expense ratio, which is lower than BTCE.DE's 2.00% expense ratio.
Dividends
RAND.DE vs. BTCE.DE - Dividend Comparison
Neither RAND.DE nor BTCE.DE has paid dividends to shareholders.
Frequently Asked Questions
RAND.DE and BTCE.DE 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.
On fees, RAND.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RAND.DE is cheaper with a 0.00% expense ratio, compared with 2.00% for BTCE.DE.
They also come from different issuers: CoinShares and Bitwise. Their fees differ too: 0.00% for RAND.DE and 2.00% for BTCE.DE.
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