TCAN vs. LEGR

Last updated Jun 30, 2026

TCAN (21Shares Canton Network ETF) and LEGR (First Trust Indxx Innovative Transaction & Process ETF) are both Blockchain funds. TCAN is actively managed, while LEGR is passively managed. At a 0.09 correlation, their price movements are largely independent. TCAN charges 0.50%/yr vs 0.65%/yr for LEGR.

Performance

TCAN vs. LEGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Canton Network ETF (TCAN) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TCAN

• 1D: -4.17%
• 1M: -5.76%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

LEGR

• 1D: 0.48%
• 1M: -3.05%
• YTD: 8.75%
• 6M: 8.41%
• 1Y: 21.32%
• 3Y*: 21.22%
• 5Y*: 11.37%
• 10Y*: —

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

TCAN vs. LEGR - Yearly Performance Comparison

	2026 (YTD)
TCAN 21Shares Canton Network ETF	-0.44%
LEGR First Trust Indxx Innovative Transaction & Process ETF	0.01%

Correlation

The correlation between TCAN and LEGR is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.09

Return for Risk

TCAN vs. LEGR — Risk / Return Rank

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

TCAN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

LEGR

LEGR Risk / Return Rank: 48
LEGR Sharpe Ratio Rank: 49
LEGR Sortino Ratio Rank: 47
LEGR Omega Ratio Rank: 46
LEGR Calmar Ratio Rank: 47
LEGR Martin Ratio Rank: 50

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.

TCAN vs. LEGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Canton Network ETF (TCAN) and First Trust Indxx Innovative Transaction & Process ETF (LEGR). 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.

	TCAN	LEGR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.49	—
Sortino ratio: Return per unit of downside risk	—	2.06	—
Omega ratio: Gain probability vs. loss probability	—	1.26	—
Calmar ratio: Return relative to maximum drawdown	—	2.06	—
Martin ratio: Return relative to average drawdown	—	7.34	—

Drawdowns

TCAN vs. LEGR - Drawdown Comparison

The maximum TCAN drawdown since its inception was -13.88%, smaller than the maximum LEGR drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for TCAN and LEGR.

Drawdown Indicators

	TCAN	LEGR	Difference
Max Drawdown Largest peak-to-trough decline	-13.88%	-36.12%	+22.24%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.40%	—
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	-12.90%	-4.69%	-8.21%
Average Drawdown Average peak-to-trough decline	-5.90%	-6.58%	+0.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.91%	—

Volatility

Volatility by Period

	TCAN	LEGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	64.51%	14.41%	+50.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.51%	17.09%	+47.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	64.51%	20.31%	+44.20%

TCAN vs. LEGR - Expense Ratio Comparison

TCAN has a 0.50% expense ratio, which is lower than LEGR's 0.65% expense ratio.

Dividends

TCAN vs. LEGR - Dividend Comparison

TCAN has not paid dividends to shareholders, while LEGR's dividend yield for the trailing twelve months is around 1.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
LEGR First Trust Indxx Innovative Transaction & Process ETF	1.84%	1.84%	2.40%	2.56%	2.64%	1.80%	0.95%	2.04%	1.30%
TCAN 21Shares Canton Network ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCAN and LEGR in my portfolio?

TCAN and LEGR have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TCAN or LEGR?

On fees, TCAN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TCAN or LEGR?

TCAN is cheaper with a 0.50% expense ratio, compared with 0.65% for LEGR.

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

LEGR has the higher dividend yield at 1.84%, compared with 0.00% for TCAN.

What is the main difference between TCAN and LEGR?

They also come from different issuers: 21Shares and First Trust. Their fees differ too: 0.50% for TCAN and 0.65% for LEGR.