RAND.DE vs. HDX1.DE
RAND.DE (CoinShares Physical Staked Algorand EUR) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. RAND.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, RAND.DE returned -11.13%/yr vs 19.62%/yr for HDX1.DE. A 0.67 correlation means they provide meaningful diversification when combined. RAND.DE charges 0.00%/yr vs 1.00%/yr for HDX1.DE.
Performance
RAND.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, RAND.DE achieves a -18.89% return, which is significantly higher than HDX1.DE's -29.97% return.
RAND.DE
- 1D
- -5.09%
- 1M
- -10.36%
- YTD
- -18.89%
- 6M
- -25.03%
- 1Y
- -46.62%
- 3Y*
- -11.13%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- -3.83%
- 1M
- -21.30%
- YTD
- -29.97%
- 6M
- -35.11%
- 1Y
- -41.94%
- 3Y*
- 19.62%
- 5Y*
- —
- 10Y*
- —
RAND.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAND.DE CoinShares Physical Staked Algorand EUR | -18.89% | -63.34% | 46.73% | 44.34% | -49.45% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -29.97% | -21.32% | 108.60% | 133.00% | -27.55% |
Correlation
The correlation between RAND.DE and HDX1.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2022 | 0.67 |
The correlation between RAND.DE and HDX1.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
RAND.DE vs. HDX1.DE — Risk / Return Rank
RAND.DE
HDX1.DE
RAND.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CoinShares Physical Staked Algorand EUR (RAND.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.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.
| RAND.DE | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.85 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.79 | +0.16 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.36 | +0.42 |
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
| RAND.DE | HDX1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.49 | -0.96 | +0.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | 0.39 | -0.67 |
Drawdowns
RAND.DE vs. HDX1.DE - Drawdown Comparison
The maximum RAND.DE drawdown since its inception was -86.60%, which is greater than HDX1.DE's maximum drawdown of -53.03%. Use the drawdown chart below to compare losses from any high point for RAND.DE and HDX1.DE.
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Drawdown Indicators
| RAND.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.60% | -53.03% | -33.57% |
Max Drawdown (1Y)Largest decline over 1 year | -72.75% | -53.03% | -19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -86.60% | -53.03% | -33.57% |
Current DrawdownCurrent decline from peak | -82.79% | -53.03% | -29.76% |
Average DrawdownAverage peak-to-trough decline | -60.08% | -16.03% | -44.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 49.62% | 30.87% | +18.75% |
Volatility
RAND.DE vs. HDX1.DE - Volatility Comparison
CoinShares Physical Staked Algorand EUR (RAND.DE) has a higher volatility of 20.37% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 10.07%. This indicates that RAND.DE's price experiences larger fluctuations and is considered to be riskier than HDX1.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 | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.37% | 10.07% | +10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 51.93% | 32.86% | +19.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 93.35% | 43.43% | +49.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 92.49% | 51.02% | +41.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 92.49% | 51.02% | +41.47% |
RAND.DE vs. HDX1.DE - Expense Ratio Comparison
RAND.DE has a 0.00% expense ratio, which is lower than HDX1.DE's 1.00% expense ratio.
Dividends
RAND.DE vs. HDX1.DE - Dividend Comparison
Neither RAND.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
RAND.DE and HDX1.DE have a correlation of 0.68, 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 1.00% for HDX1.DE.
They also come from different issuers: CoinShares and Hashdex. Their fees differ too: 0.00% for RAND.DE and 1.00% for HDX1.DE.
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