TDOT vs. EZBC

Last updated Jul 12, 2026

TDOT (21Shares Polkadot ETF) and EZBC (Franklin Bitcoin ETF) are both Cryptocurrency funds - TDOT tracks the DOT/USD Exchange Rate - Benchmark Price Return while EZBC tracks the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. A 0.61 correlation means they provide meaningful diversification when combined. TDOT charges 0.30%/yr vs 0.19%/yr for EZBC.

Performance

TDOT vs. EZBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Polkadot ETF (TDOT) and Franklin Bitcoin ETF (EZBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TDOT

• 1D: 6.00%
• 1M: -8.94%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EZBC

• 1D: 1.15%
• 1M: 0.49%
• 6M: -29.23%
• YTD: -27.02%
• 1Y: -46.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDOT vs. EZBC - Yearly Performance Comparison

	2026 (YTD)
TDOT 21Shares Polkadot ETF	-39.88%
EZBC Franklin Bitcoin ETF	-10.39%

Correlation

The correlation between TDOT and EZBC is 0.61, 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	0.61

Return for Risk

TDOT vs. EZBC — Risk / Return Rank

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

TDOT

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

EZBC

EZBC Risk / Return Rank: 2
EZBC Sharpe Ratio Rank: 2
EZBC Sortino Ratio Rank: 2
EZBC Omega Ratio Rank: 2
EZBC Calmar Ratio Rank: 2
EZBC Martin Ratio Rank: 2

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.

TDOT vs. EZBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Polkadot ETF (TDOT) and Franklin Bitcoin ETF (EZBC). 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	EZBC	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.99	—
Sortino ratio: Return per unit of downside risk	—	-1.45	—
Omega ratio: Gain probability vs. loss probability	—	0.84	—
Calmar ratio: Return relative to maximum drawdown	—	-0.82	—
Martin ratio: Return relative to average drawdown	—	-1.35	—

Drawdowns

TDOT vs. EZBC - Drawdown Comparison

The maximum TDOT drawdown since its inception was -48.70%, smaller than the maximum EZBC drawdown of -53.35%. Use the drawdown chart below to compare losses from any high point for TDOT and EZBC.

Drawdown Indicators

	TDOT	EZBC	Difference
Max Drawdown Largest peak-to-trough decline	-48.70%	-53.35%	+4.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-53.35%	—
Current Drawdown Current decline from peak	-45.44%	-49.20%	+3.76%
Average Drawdown Average peak-to-trough decline	-25.14%	-17.55%	-7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	32.55%	—

Volatility

Volatility by Period

	TDOT	EZBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	11.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	34.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	63.36%	44.40%	+18.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	63.36%	49.91%	+13.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	63.36%	49.91%	+13.45%

TDOT vs. EZBC - Expense Ratio Comparison

TDOT has a 0.30% expense ratio, which is higher than EZBC's 0.19% expense ratio.

Dividends

TDOT vs. EZBC - Dividend Comparison

TDOT's dividend yield for the trailing twelve months is around 1.40%, while EZBC has not paid dividends to shareholders.

Position	TTM
EZBC Franklin Bitcoin ETF	0.00%
TDOT 21Shares Polkadot ETF	1.40%

Frequently Asked Questions

Can I hold both TDOT and EZBC in my portfolio?

TDOT and EZBC have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDOT or EZBC?

On fees, EZBC is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDOT or EZBC?

EZBC is cheaper with a 0.19% expense ratio, compared with 0.30% for TDOT.

Which ETF pays a higher dividend yield, TDOT or EZBC?

TDOT has the higher dividend yield at 1.40%, compared with 0.00% for EZBC.

What is the main difference between TDOT and EZBC?

TDOT tracks DOT/USD Exchange Rate - Benchmark Price Return, while EZBC tracks CME CF Bitcoin Reference Rate - New York Variant. They also come from different issuers: 21Shares and Franklin Templeton. Their fees differ too: 0.30% for TDOT and 0.19% for EZBC.