V21A.DE vs. HDX1.DE
V21A.DE (21Shares Avalanche Staking ETP) and HDX1.DE (Hashdex Nasdaq Crypto Index Europe ETP EUR) are both Cryptocurrency funds. V21A.DE is actively managed, while HDX1.DE is passively managed. Over the past 3 years, V21A.DE returned -23.72%/yr vs 19.29%/yr for HDX1.DE. A 0.74 correlation means they provide meaningful diversification when combined. V21A.DE charges 0.00%/yr vs 1.00%/yr for HDX1.DE.
Performance
V21A.DE vs. HDX1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V21A.DE achieves a -45.36% return, which is significantly lower than HDX1.DE's -27.98% return.
V21A.DE
- 1D
- 0.00%
- 1M
- -2.07%
- 6M
- -49.32%
- YTD
- -45.36%
- 1Y
- -70.59%
- 3Y*
- -23.72%
- 5Y*
- —
- 10Y*
- —
HDX1.DE
- 1D
- 0.00%
- 1M
- 0.70%
- 6M
- -34.42%
- YTD
- -27.98%
- 1Y
- -47.81%
- 3Y*
- 19.29%
- 5Y*
- —
- 10Y*
- —
V21A.DE vs. HDX1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
V21A.DE 21Shares Avalanche Staking ETP | -45.36% | -70.28% | -9.12% | 264.15% | -46.44% |
HDX1.DE Hashdex Nasdaq Crypto Index Europe ETP EUR | -27.98% | -21.32% | 108.60% | 133.00% | -26.82% |
Correlation
The correlation between V21A.DE and HDX1.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.74 |
The correlation between V21A.DE and HDX1.DE has been stable across timeframes, ranging from 0.74 to 0.83 - a consistent structural relationship.
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Return for Risk
V21A.DE vs. HDX1.DE — Risk / Return Rank
V21A.DE
HDX1.DE
V21A.DE vs. HDX1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 21Shares Avalanche Staking ETP (V21A.DE) and Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE). 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.
| V21A.DE | HDX1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.82 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.85 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.17 | -1.33 | +0.17 |
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Drawdowns
V21A.DE vs. HDX1.DE - Drawdown Comparison
The maximum V21A.DE drawdown since its inception was -94.14%, which is greater than HDX1.DE's maximum drawdown of -56.57%. Use the drawdown chart below to compare losses from any high point for V21A.DE and HDX1.DE.
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Drawdown Indicators
| V21A.DE | HDX1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.14% | -56.57% | -37.57% |
Max Drawdown (1Y)Largest decline over 1 year | -82.37% | -56.57% | -25.80% |
Max Drawdown (3Y)Largest decline over 3 years | -91.41% | -56.57% | -34.84% |
Current DrawdownCurrent decline from peak | -93.64% | -51.70% | -41.94% |
Average DrawdownAverage peak-to-trough decline | -76.27% | -17.04% | -59.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 60.54% | 35.94% | +24.60% |
Volatility
V21A.DE vs. HDX1.DE - Volatility Comparison
21Shares Avalanche Staking ETP (V21A.DE) has a higher volatility of 12.54% compared to Hashdex Nasdaq Crypto Index Europe ETP EUR (HDX1.DE) at 10.36%. This indicates that V21A.DE's price experiences larger fluctuations and is considered to be riskier than HDX1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V21A.DE | HDX1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.54% | 10.36% | +2.18% |
Volatility (6M)Calculated over the trailing 6-month period | 40.06% | 31.54% | +8.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.90% | 44.13% | +26.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 90.08% | 50.37% | +39.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 90.08% | 50.37% | +39.71% |
V21A.DE vs. HDX1.DE - Expense Ratio Comparison
V21A.DE has a 0.00% expense ratio, which is lower than HDX1.DE's 1.00% expense ratio.
Dividends
V21A.DE vs. HDX1.DE - Dividend Comparison
Neither V21A.DE nor HDX1.DE has paid dividends to shareholders.
Frequently Asked Questions
V21A.DE and HDX1.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V21A.DE is cheaper at 0.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V21A.DE is cheaper with a 0.00% expense ratio, compared with 1.00% for HDX1.DE.
They also come from different issuers: 21Shares and Hashdex. Their fees differ too: 0.00% for V21A.DE and 1.00% for HDX1.DE.
Find the right allocation for V21A.DE and HDX1.DE
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