TTOP vs. TXBC

Last updated Aug 1, 2026

TTOP (21Shares FTSE Crypto 10 Index ETF) and TXBC (21Shares FTSE Crypto 10 ex-BTC Index ETF) are both Cryptocurrency funds from 21Shares - TTOP tracks the FTSE Crypto 10 Select Index while TXBC tracks the FTSE Crypto 10 ex Bitcoin Select Index. Both are passively managed. Their 0.97 correlation means they have historically moved very closely together. TTOP charges 0.50%/yr vs 0.65%/yr for TXBC.

Performance

TTOP vs. TXBC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 21Shares FTSE Crypto 10 Index ETF (TTOP) 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, TTOP achieves a -30.39% return, which is significantly higher than TXBC's -37.10% return.

TTOP

• 1D: -2.70%
• 1M: 2.44%
• 6M: -26.85%
• YTD: -30.39%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

TXBC

• 1D: -2.44%
• 1M: 2.79%
• 6M: -32.70%
• YTD: -37.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TTOP 21Shares FTSE Crypto 10 Index ETF	$2.56K	$2.91K	$3.28K
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	$16.57K	$11.28K	$25.04K

TTOP vs. TXBC - Yearly Performance Comparison

	2026 (YTD)	2025
TTOP 21Shares FTSE Crypto 10 Index ETF	-30.39%	-14.90%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-37.10%	-18.07%

Correlation

The correlation between TTOP and TXBC is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.

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

Return for Risk

TTOP vs. TXBC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 21Shares FTSE Crypto 10 Index ETF (TTOP) 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.

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

Drawdowns

TTOP vs. TXBC - Drawdown Comparison

The maximum TTOP drawdown since its inception was -44.86%, smaller than the maximum TXBC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for TTOP and TXBC.

Drawdown Indicators

	TTOP	TXBC	Difference
Max Drawdown Largest peak-to-trough decline	-44.86%	-53.45%	+8.59%
Current Drawdown Current decline from peak	-40.76%	-48.47%	+7.71%
Average Drawdown Average peak-to-trough decline	-27.63%	-33.75%	+6.12%

Volatility

Volatility by Period

	TTOP	TXBC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	50.04%	60.29%	-10.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.04%	60.29%	-10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.04%	60.29%	-10.25%

TTOP vs. TXBC - Expense Ratio Comparison

TTOP has a 0.50% expense ratio, which is lower than TXBC's 0.65% expense ratio.

Dividends

TTOP vs. TXBC - Dividend Comparison

Neither TTOP nor TXBC has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TTOP and TXBC in my portfolio?

With a correlation of 0.97, TTOP 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 is better, TTOP or TXBC?

On fees, TTOP 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, TTOP or TXBC?

TTOP is cheaper with a 0.50% expense ratio, compared with 0.65% for TXBC.

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

TTOP and TXBC have nearly identical dividend yields, around 0.00%.

What is the main difference between TTOP and TXBC?

TTOP tracks FTSE Crypto 10 Select Index, while TXBC tracks FTSE Crypto 10 ex Bitcoin Select Index. Their fees differ too: 0.50% for TTOP and 0.65% for TXBC.