TXBC vs. TETH

Last updated Jul 21, 2026

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

Performance

TXBC vs. TETH - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with TXBC having a -35.56% return and TETH slightly lower at -35.88%.

TXBC

• 1D: 2.16%
• 1M: 4.60%
• 6M: -42.05%
• YTD: -35.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TETH

• 1D: 3.04%
• 1M: 11.40%
• 6M: -42.16%
• YTD: -35.88%
• 1Y: -46.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXBC vs. TETH - Yearly Performance Comparison

	2026 (YTD)	2025
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-35.56%	-18.07%
TETH 21Shares Ethereum ETF	-35.88%	-13.12%

Correlation

The correlation between TXBC and TETH 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

TXBC vs. TETH — Risk / Return Rank

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

TXBC

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

TETH

TETH Risk / Return Rank: 4
TETH Sharpe Ratio Rank: 4
TETH Sortino Ratio Rank: 4
TETH Omega Ratio Rank: 4
TETH Calmar Ratio Rank: 4
TETH Martin Ratio Rank: 4

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.

TXBC vs. TETH - Risk-Adjusted Trends Comparison

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

	TXBC	TETH	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.69	—
Sortino ratio: Return per unit of downside risk	—	-0.83	—
Omega ratio: Gain probability vs. loss probability	—	0.91	—
Calmar ratio: Return relative to maximum drawdown	—	-0.69	—
Martin ratio: Return relative to average drawdown	—	-1.06	—

Drawdowns

TXBC vs. TETH - Drawdown Comparison

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

Drawdown Indicators

	TXBC	TETH	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-67.74%	+14.29%
Max Drawdown (1Y) Largest decline over 1 year	—	-67.74%	—
Current Drawdown Current decline from peak	-47.21%	-60.64%	+13.43%
Average Drawdown Average peak-to-trough decline	-33.01%	-34.85%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	43.79%	—

Volatility

Volatility by Period

	TXBC	TETH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	14.30%	—
Volatility (6M) Calculated over the trailing 6-month period	—	47.10%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.52%	67.54%	-6.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.52%	71.67%	-10.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.52%	71.67%	-10.15%

Dividends

TXBC vs. TETH - Dividend Comparison

TXBC has not paid dividends to shareholders, while TETH's dividend yield for the trailing twelve months is around 0.34%.

Position	TTM
TETH 21Shares Ethereum ETF	0.34%
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	0.00%

Frequently Asked Questions

Can I hold both TXBC and TETH in my portfolio?

With a correlation of 0.97, TXBC and TETH 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, TXBC or TETH?

TETH has the higher dividend yield at 0.34%, compared with 0.00% for TXBC.