TDOT vs. BTC
TDOT (21Shares Polkadot ETF) and BTC (Grayscale Bitcoin Mini Trust ETF) are both Cryptocurrency funds. TDOT is passively managed, while BTC is actively managed. A 0.58 correlation means they provide meaningful diversification when combined. TDOT charges 0.30%/yr vs 0.15%/yr for BTC.
Performance
TDOT vs. BTC - Performance Comparison
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Returns By Period
TDOT
- 1D
- -2.07%
- 1M
- -26.15%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BTC
- 1D
- -3.23%
- 1M
- -17.80%
- YTD
- -28.84%
- 6M
- -28.95%
- 1Y
- -39.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDOT vs. BTC - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TDOT 21Shares Polkadot ETF | -34.92% |
BTC Grayscale Bitcoin Mini Trust ETF | -12.56% |
Correlation
The correlation between TDOT and BTC is 0.58, 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 Mar 6, 2026 | 0.58 |
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Return for Risk
TDOT vs. BTC — Risk / Return Rank
TDOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BTC
TDOT vs. BTC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Polkadot ETF (TDOT) and Grayscale Bitcoin Mini Trust ETF (BTC). 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.
| TDOT | BTC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.77 | — |
| Martin ratioReturn relative to average drawdown | — | -1.30 | — |
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Drawdowns
TDOT vs. BTC - Drawdown Comparison
The maximum TDOT drawdown since its inception was -42.26%, smaller than the maximum BTC drawdown of -51.97%. Use the drawdown chart below to compare losses from any high point for TDOT and BTC.
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Drawdown Indicators
| TDOT | BTC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.26% | -51.97% | +9.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -51.97% | — |
Current DrawdownCurrent decline from peak | -40.94% | -50.40% | +9.46% |
Average DrawdownAverage peak-to-trough decline | -21.17% | -17.66% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 30.52% | — |
Volatility
TDOT vs. BTC - Volatility Comparison
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Volatility by Period
| TDOT | BTC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 12.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 34.58% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 64.94% | 44.23% | +20.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 64.94% | 48.26% | +16.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.94% | 48.26% | +16.68% |
TDOT vs. BTC - Expense Ratio Comparison
TDOT has a 0.30% expense ratio, which is higher than BTC's 0.15% expense ratio.
Dividends
TDOT vs. BTC - Dividend Comparison
TDOT's dividend yield for the trailing twelve months is around 0.80%, while BTC has not paid dividends to shareholders.
| Position | TTM |
|---|---|
BTC Grayscale Bitcoin Mini Trust ETF | 0.00% |
TDOT 21Shares Polkadot ETF | 0.80% |
Frequently Asked Questions
TDOT and BTC have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTC is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTC is cheaper with a 0.15% expense ratio, compared with 0.30% for TDOT.
TDOT has the higher dividend yield at 0.80%, compared with 0.00% for BTC.
They also come from different issuers: 21Shares and Grayscale. Their fees differ too: 0.30% for TDOT and 0.15% for BTC.
Find the right allocation for TDOT and BTC
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