VETH.DE vs. ADOT.DE
VETH.DE (VanEck Ethereum ETN) and ADOT.DE (21Shares Polkadot ETP) are both Cryptocurrency funds. VETH.DE is passively managed, while ADOT.DE is actively managed. Over the past 3 years, VETH.DE returned -4.01%/yr vs -44.08%/yr for ADOT.DE. A 0.76 correlation means they provide meaningful diversification when combined. VETH.DE charges 1.00%/yr vs 2.50%/yr for ADOT.DE.
Performance
VETH.DE vs. ADOT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with VETH.DE having a -39.67% return and ADOT.DE slightly lower at -41.61%.
VETH.DE
- 1D
- -3.74%
- 1M
- -23.74%
- YTD
- -39.67%
- 6M
- -41.55%
- 1Y
- -32.43%
- 3Y*
- -4.01%
- 5Y*
- -7.06%
- 10Y*
- —
ADOT.DE
- 1D
- -4.87%
- 1M
- -17.62%
- YTD
- -41.61%
- 6M
- -51.50%
- 1Y
- -74.69%
- 3Y*
- -44.08%
- 5Y*
- —
- 10Y*
- —
VETH.DE vs. ADOT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VETH.DE VanEck Ethereum ETN | -39.67% | -21.95% | 52.69% | 89.80% | -66.32% | 24.27% |
ADOT.DE 21Shares Polkadot ETP | -41.61% | -76.97% | -16.76% | 86.93% | -84.20% | -7.43% |
Correlation
The correlation between VETH.DE and ADOT.DE is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2021 | 0.76 |
The correlation between VETH.DE and ADOT.DE has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
VETH.DE vs. ADOT.DE — Risk / Return Rank
VETH.DE
ADOT.DE
VETH.DE vs. ADOT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Ethereum ETN (VETH.DE) and 21Shares Polkadot ETP (ADOT.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.
| VETH.DE | ADOT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.76 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.97 | +0.42 |
| Martin ratioReturn relative to average drawdown | -0.93 | -1.49 | +0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VETH.DE | ADOT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | -1.03 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | -0.65 | +0.62 |
Drawdowns
VETH.DE vs. ADOT.DE - Drawdown Comparison
The maximum VETH.DE drawdown since its inception was -76.77%, smaller than the maximum ADOT.DE drawdown of -98.23%. Use the drawdown chart below to compare losses from any high point for VETH.DE and ADOT.DE.
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Drawdown Indicators
| VETH.DE | ADOT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.77% | -98.23% | +21.46% |
Max Drawdown (1Y)Largest decline over 1 year | -61.72% | -77.25% | +15.53% |
Max Drawdown (3Y)Largest decline over 3 years | -64.62% | -91.67% | +27.05% |
Max Drawdown (5Y)Largest decline over 5 years | -76.77% | — | — |
Current DrawdownCurrent decline from peak | -64.08% | -98.23% | +34.15% |
Average DrawdownAverage peak-to-trough decline | -43.71% | -83.86% | +40.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.40% | 50.51% | -14.11% |
Volatility
VETH.DE vs. ADOT.DE - Volatility Comparison
The current volatility for VanEck Ethereum ETN (VETH.DE) is 10.16%, while 21Shares Polkadot ETP (ADOT.DE) has a volatility of 16.74%. This indicates that VETH.DE experiences smaller price fluctuations and is considered to be less risky than ADOT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VETH.DE | ADOT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 16.74% | -6.58% |
Volatility (6M)Calculated over the trailing 6-month period | 42.41% | 52.48% | -10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 59.68% | 73.07% | -13.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.20% | 80.72% | -12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.44% | 80.72% | -9.28% |
VETH.DE vs. ADOT.DE - Expense Ratio Comparison
VETH.DE has a 1.00% expense ratio, which is lower than ADOT.DE's 2.50% expense ratio.
Dividends
VETH.DE vs. ADOT.DE - Dividend Comparison
Neither VETH.DE nor ADOT.DE has paid dividends to shareholders.
Frequently Asked Questions
VETH.DE and ADOT.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VETH.DE is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VETH.DE is cheaper with a 1.00% expense ratio, compared with 2.50% for ADOT.DE.
They also come from different issuers: VanEck and 21Shares. Their fees differ too: 1.00% for VETH.DE and 2.50% for ADOT.DE.
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