TETH vs. TXBC

Last updated Jul 9, 2026

TETH (21Shares Ethereum ETF) and TXBC (21Shares FTSE Crypto 10 ex-BTC Index ETF) are both Cryptocurrency funds from 21Shares. TETH is actively managed, while TXBC is passively managed. With a 0.97 correlation, they move nearly in lockstep.

Performance

TETH vs. TXBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares Ethereum ETF (TETH) and 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TETH achieves a -41.29% return, which is significantly lower than TXBC's -38.40% return.

TETH

• 1D: -2.85%
• 1M: 3.21%
• 6M: -44.42%
• YTD: -41.29%
• 1Y: -33.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TXBC

• 1D: -3.19%
• 1M: -0.56%
• 6M: -43.18%
• YTD: -38.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TETH vs. TXBC - Yearly Performance Comparison

	2026 (YTD)	2025
TETH 21Shares Ethereum ETF	-41.29%	-13.12%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-38.40%	-18.07%

Correlation

The correlation between TETH and TXBC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 13, 2025	0.97

Return for Risk

TETH vs. TXBC — Risk / Return Rank

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

TETH

TETH Risk / Return Rank: 6
TETH Sharpe Ratio Rank: 5
TETH Sortino Ratio Rank: 6
TETH Omega Ratio Rank: 6
TETH Calmar Ratio Rank: 5
TETH Martin Ratio Rank: 6

TXBC

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

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.

TETH vs. TXBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares Ethereum ETF (TETH) and 21Shares FTSE Crypto 10 ex-BTC Index ETF (TXBC). 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.

	TETH	TXBC	Difference
Sharpe ratio: Return per unit of total volatility	-0.49	—	—
Sortino ratio: Return per unit of downside risk	-0.35	—	—
Omega ratio: Gain probability vs. loss probability	0.96	—	—
Calmar ratio: Return relative to maximum drawdown	-0.49	—	—
Martin ratio: Return relative to average drawdown	-0.79	—	—

Drawdowns

TETH vs. TXBC - Drawdown Comparison

The maximum TETH drawdown since its inception was -67.74%, which is greater than TXBC's maximum drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for TETH and TXBC.

Drawdown Indicators

	TETH	TXBC	Difference
Max Drawdown Largest peak-to-trough decline	-67.74%	-53.45%	-14.29%
Max Drawdown (1Y) Largest decline over 1 year	-67.74%	—	—
Current Drawdown Current decline from peak	-63.96%	-49.54%	-14.42%
Average Drawdown Average peak-to-trough decline	-34.41%	-32.27%	-2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.38%	—	—

Volatility

Volatility by Period

	TETH	TXBC	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.38%	—	—
Volatility (6M) Calculated over the trailing 6-month period	47.04%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	68.74%	62.50%	+6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	72.02%	62.50%	+9.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.02%	62.50%	+9.52%

Dividends

TETH vs. TXBC - Dividend Comparison

TETH's dividend yield for the trailing twelve months is around 0.37%, while TXBC has not paid dividends to shareholders.

Position	TTM
TETH 21Shares Ethereum ETF	0.37%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	0.00%

Frequently Asked Questions

Can I hold both TETH and TXBC in my portfolio?

With a correlation of 0.97, TETH and TXBC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF pays a higher dividend yield, TETH or TXBC?

TETH has the higher dividend yield at 0.37%, compared with 0.00% for TXBC.