TDOG vs. CEPI

Last updated Jun 24, 2026

TDOG (21Shares Dogecoin ETF) and CEPI (REX Crypto Equity Premium Income ETF) are both Cryptocurrency funds. TDOG is passively managed, while CEPI is actively managed. A 0.57 correlation means they provide meaningful diversification when combined. TDOG charges 0.50%/yr vs 0.85%/yr for CEPI.

Performance

TDOG vs. CEPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Dogecoin ETF (TDOG) and REX Crypto Equity Premium Income ETF (CEPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDOG

• 1D: -5.16%
• 1M: -24.31%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CEPI

• 1D: -1.96%
• 1M: 3.45%
• YTD: 22.16%
• 6M: 19.60%
• 1Y: 32.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDOG vs. CEPI - Yearly Performance Comparison

	2026 (YTD)
TDOG 21Shares Dogecoin ETF	-37.50%
CEPI REX Crypto Equity Premium Income ETF	16.48%

Correlation

The correlation between TDOG and CEPI is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 22, 2026	0.57

Return for Risk

TDOG vs. CEPI — Risk / Return Rank

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

TDOG

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

CEPI

CEPI Risk / Return Rank: 32
CEPI Sharpe Ratio Rank: 35
CEPI Sortino Ratio Rank: 33
CEPI Omega Ratio Rank: 35
CEPI Calmar Ratio Rank: 31
CEPI Martin Ratio Rank: 27

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.

TDOG vs. CEPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Dogecoin ETF (TDOG) and REX Crypto Equity Premium Income ETF (CEPI). 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.

	TDOG	CEPI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.21	—
Sortino ratio: Return per unit of downside risk	—	1.69	—
Omega ratio: Gain probability vs. loss probability	—	1.23	—
Calmar ratio: Return relative to maximum drawdown	—	1.47	—
Martin ratio: Return relative to average drawdown	—	3.49	—

Drawdowns

TDOG vs. CEPI - Drawdown Comparison

The maximum TDOG drawdown since its inception was -37.81%, which is greater than CEPI's maximum drawdown of -29.48%. Use the drawdown chart below to compare losses from any high point for TDOG and CEPI.

Drawdown Indicators

	TDOG	CEPI	Difference
Max Drawdown Largest peak-to-trough decline	-37.81%	-29.48%	-8.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-22.47%	—
Current Drawdown Current decline from peak	-37.81%	-1.96%	-35.85%
Average Drawdown Average peak-to-trough decline	-21.80%	-8.41%	-13.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	9.45%	—

Volatility

Volatility by Period

	TDOG	CEPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	66.15%	27.39%	+38.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.15%	31.62%	+34.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.15%	31.62%	+34.53%

TDOG vs. CEPI - Expense Ratio Comparison

TDOG has a 0.50% expense ratio, which is lower than CEPI's 0.85% expense ratio.

Dividends

TDOG vs. CEPI - Dividend Comparison

TDOG has not paid dividends to shareholders, while CEPI's dividend yield for the trailing twelve months is around 44.52%.

Position	TTM	2025
CEPI REX Crypto Equity Premium Income ETF	44.52%	50.78%
TDOG 21Shares Dogecoin ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDOG and CEPI in my portfolio?

TDOG and CEPI have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDOG or CEPI?

On fees, TDOG 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, TDOG or CEPI?

TDOG is cheaper with a 0.50% expense ratio, compared with 0.85% for CEPI.

Which ETF pays a higher dividend yield, TDOG or CEPI?

CEPI has the higher dividend yield at 44.52%, compared with 0.00% for TDOG.

What is the main difference between TDOG and CEPI?

They also come from different issuers: 21Shares and REX. Their fees differ too: 0.50% for TDOG and 0.85% for CEPI.