TDOG vs. TCAN

Last updated Jul 17, 2026

TDOG (21Shares Dogecoin ETF) and TCAN (21Shares Canton Network ETF) are both exchange-traded funds - TDOG is a Cryptocurrency fund tracking the Dogecoin (DOGE), while TCAN is a Blockchain fund actively managed by 21Shares. TDOG is passively managed, while TCAN is actively managed. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.50% expense ratio.

Performance

TDOG vs. TCAN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Dogecoin ETF (TDOG) and 21Shares Canton Network ETF (TCAN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDOG

• 1D: -0.90%
• 1M: -16.17%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TCAN

• 1D: -5.65%
• 1M: -19.39%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDOG vs. TCAN - Yearly Performance Comparison

	2026 (YTD)
TDOG 21Shares Dogecoin ETF	-35.43%
TCAN 21Shares Canton Network ETF	-10.10%

Correlation

The correlation between TDOG and TCAN is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.46

Return for Risk

TDOG vs. TCAN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Dogecoin ETF (TDOG) and 21Shares Canton Network ETF (TCAN). 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.

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

Drawdowns

TDOG vs. TCAN - Drawdown Comparison

The maximum TDOG drawdown since its inception was -43.14%, which is greater than TCAN's maximum drawdown of -24.34%. Use the drawdown chart below to compare losses from any high point for TDOG and TCAN.

Drawdown Indicators

	TDOG	TCAN	Difference
Max Drawdown Largest peak-to-trough decline	-43.14%	-24.34%	-18.80%
Current Drawdown Current decline from peak	-42.07%	-21.35%	-20.72%
Average Drawdown Average peak-to-trough decline	-24.41%	-9.21%	-15.20%

Volatility

Volatility by Period

	TDOG	TCAN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	63.51%	61.57%	+1.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.51%	61.57%	+1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.51%	61.57%	+1.94%

TDOG vs. TCAN - Expense Ratio Comparison

Both TDOG and TCAN have an expense ratio of 0.50%.

Dividends

TDOG vs. TCAN - Dividend Comparison

Neither TDOG nor TCAN has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TDOG and TCAN in my portfolio?

TDOG and TCAN have a correlation of 0.46, 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 TCAN?

Both ETFs have the same 0.50% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDOG or TCAN?

TDOG and TCAN have the same expense ratio: 0.50% per year.

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

TDOG and TCAN have nearly identical dividend yields, around 0.00%.

What is the main difference between TDOG and TCAN?

TDOG is categorized as Cryptocurrency, while TCAN is Blockchain.