TXBC vs. TTOP

Last updated Jun 30, 2026

TXBC (21Shares FTSE Crypto 10 ex-BTC Index ETF) and TTOP (21Shares FTSE Crypto 10 Index ETF) are both Cryptocurrency funds from 21Shares - TXBC tracks the FTSE Crypto 10 ex-BTC Index while TTOP tracks the FTSE Crypto 10 Select Index. Both are passively managed. With a 0.97 correlation, they move nearly in lockstep.

Performance

TXBC vs. TTOP - 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 FTSE Crypto 10 Index ETF (TTOP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TXBC achieves a -40.49% return, which is significantly lower than TTOP's -33.49% return.

TXBC

• 1D: 1.93%
• 1M: -16.89%
• YTD: -40.49%
• 6M: -40.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TTOP

• 1D: 1.09%
• 1M: -17.51%
• YTD: -33.49%
• 6M: -33.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TXBC vs. TTOP - Yearly Performance Comparison

	2026 (YTD)	2025
TXBC 21Shares FTSE Crypto 10 ex-BTC Index ETF	-40.49%	-18.07%
TTOP 21Shares FTSE Crypto 10 Index ETF	-33.49%	-14.90%

Correlation

The correlation between TXBC and TTOP 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. TTOP - 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 FTSE Crypto 10 Index ETF (TTOP). 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

TXBC vs. TTOP - Drawdown Comparison

The maximum TXBC drawdown since its inception was -53.45%, which is greater than TTOP's maximum drawdown of -44.81%. Use the drawdown chart below to compare losses from any high point for TXBC and TTOP.

Drawdown Indicators

	TXBC	TTOP	Difference
Max Drawdown Largest peak-to-trough decline	-53.45%	-44.81%	-8.64%
Current Drawdown Current decline from peak	-51.25%	-43.40%	-7.85%
Average Drawdown Average peak-to-trough decline	-31.59%	-25.76%	-5.83%

Volatility

Volatility by Period

	TXBC	TTOP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	62.86%	52.07%	+10.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.86%	52.07%	+10.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.86%	52.07%	+10.79%

Dividends

TXBC vs. TTOP - Dividend Comparison

Neither TXBC nor TTOP has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both TXBC and TTOP in my portfolio?

With a correlation of 0.97, TXBC and TTOP 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 TTOP?

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

What is the main difference between TXBC and TTOP?

TXBC tracks FTSE Crypto 10 ex-BTC Index, while TTOP tracks FTSE Crypto 10 Select Index.